short term,who the hell know. apple is trading without and basis in reality.
long term i think its a screaming buy. I think it trades 800 next year
thats based on 50/share in earnings,a market multiple p/e and 120/share in cash
Right now today is an opportunity of a lifetime to buy! There are so many reasons to buy and my broker friends bought yesterday and are buying more today.
Reasons to buy today at $530-$550 means you will make more than 50% in January when it reaches $750+. All analysts have it targeted $800-$1100 and all believe it is a huge buy right now. Once we get past fiscal cliff it will fly high! Very high!
You shouldn't look at this Yahoo board for advice because its just full of people shorting the stock speaking nonsense constantly. The shorts try and drive the stock down with lies and fear. They are actually very evil! They post nothing that has any meaning just things like Sell" and "Going to $0"