Can't just name a price.
Depends in market and also on apple.
Assuming market stays fairly strong
If apple seems stagnant it may stay stuck in 450-550 range
If apple can introduce some new developments
Release good news relating to global expansion
And especially some unexpected innovation
Then 700-750 at least
1) AAPL sinks further 7 months, and bottoms at Fibo 37% of the top ($700).
that is, in the $260-$270 range in sept 2013.
2) From then on, AAPL rebounds to 63% of the top, close back to the current price, $440-$460 range.
This becomes a huge resistance, and Apple can never ever break thru it upward again.
3) AAPL price will stay in the range calculated above, betwen $260-450 for the next 12 years.
Or, simply find another 150M new AAPL investors, who wait with cash $400B in hand,
to wait to buy from current investors, who are all underwater.
Find this impossible?
Then accept the first scenario.
Realistic to take a look at the similar story of MSFT and GOOG?
1)MSFT sank in year 2000, 12 months, from $60 to $21.
21/60=35%, close to Fibo 37%
MSFT top price since 2001 was $38.
38/60=63%, exactly Fibo 63%.
2)GOOG is even more similar, since the top price was in 2007.oct. a similar $750.
GOOG price sank to $250 one year later, 250/750=33%, close to Fibo 37%
GOOG rebounded from this bottom, in 4years, back to $750, the highest top again.
It took 4 years.
Draw your conclusions from the 2 example before you are making best decision.
531 - 559
They have a lot of competition for sure, still boatloads of negative sentiment and to make maters worse - longtime bulls that headed for the exit doors aren't going to buy back in unless damage control is out into place very quickly by Apple themselves. After a stellar first 8 months in 2012, we saw a massive dismantling of the 'everything that is Apple' take place immediately upon release of the iPh5. And I place the blame squarely upon the shoulders of Tim Cook and Company. He's a supply chain guy and blew it.
Too much fiat money. Not enough goods produced. Too much leverage. Too much debt. Too much manipulation in general in preparation for the big take down of the middle class.
No guns equal no free speech equals agenda 21 success for bilderberg.
Sentiment: Strong Sell
- Too much fiat money = inflation = the price should be higher because it is priced in lower valued dollars.
- Not enough goods produced = ?
- Too much leverage = and Apple is one of the few solvent companies with no debt and a lot of cash, why would you not own Apple if you are worried about leverage? It is the least levered company in the world.
Your reasoning does not make mathematical sense.
Sentiment: Strong Buy