My 8 ball now says, definitely not. So there's your answer. I asked it whether the price will be up before mid year and it said yes, a new turn of events will produce a price increase.
Sorry to disappoint,
for AAPL in doing DOWN, (I think until sept.2013, at current speed and in current channel)
and expect to bottoming at $265.
This is FIBO 37% of the top price of $700.
Ask any TA, what happens to a stock, with ALL current shareeholders underwater?
He will tell you this, check any book on investing by TA.
Advice: get out with 50% of your position;
save the money until price drops no more, no waves anymore up or down,,
just slow sideways moves for 3 months.
Then wait for the first higher high, and higher low wave
(I expect it sometimes in oct-nov.2013,
in $260-280 range.
then BUY AAPL with the money you just saved.
You should hold it until $460, and you have best chance to get out even with all your money.
he got this call right however he was wrong about apple since iphone launch in 2007. Said it would be a flop and went short at $100. Said iPad would also be a flop. We all get lucky now and then.
maybe yes or maybe no. My vintage 8 ball keeps saying, try again. I'll get back to you when it gives me an answer. Doug Kass must have a better 8 ball than me or maybe he uses tea leaves.
I heard a technical analysis that predicted high 400's and then a big drop to low 300's. I don't know if that type of drop is coming, but I think it should pop to 480 or so, at least get into the gap area, before possibly heading lower. If it did drop into under $350, it would probably be the buy of the century.