buying opportunity for some but not for me.
Comment.
Biotech??
PEG of for AAPL, which is based on 20% growth rate, is totally wrong. More likely -10%.
1999-2000 was internet bubble. 2012-2013 Biotech bubble????
Will see 390 again?? Or even lower??
Valueline downgraded every biotech in April.
260 buy 2025
since IPO in 1991. All went up nearly 70x.
Last year everyone were saying "Buy AAPL and forget for 5 years"
Buy only when CEO stop selling.
After PE of SP500 went up to 18.3 from 16.5 ??
Even 60 is too high.
for a reason.
Already drop to 197.
Upgrade history by Cantor
22-Apr-13 Reiterated Cantor Fitzgerald Buy $121 → $142
04-Mar-13 Reiterated Cantor Fitzgerald Buy $115 → $121
14-Jan-13 Reiterated Cantor Fitzgerald Buy $96 → $115
12-Nov-12 Reiterated Cantor Fitzgerald Buy $82 → $96
07-Sep-12 Reiterated Cantor Fitzgerald Buy $76 → $82
Raised target price from 76 to 142 in 8 months. Is it too fast??
Only if the economy is growing at 5-6%.
Semilar to CSCO in year 2000 on the way from 80+ to 8.2.
5 day chart can result 2, 3 or 5 day charts at random.
AAPL style.