Should see $539 again this year, IMO.
Because we were waiting for it to swing over $18, back to support at $520, before commenting.
IMO it's going higher next year. Just too many good things in the pipeline. Had I needed cash, I might have sold into the higher open, but I don't & won't for decades, so will let my winnings run, despite huge gains.
Down fractionally today no big deal.
Obama Takes Friendly Fire: President's Allies Running Scared
By Ron Fournier
October 28, 2013
Incoming from Democrats:
"Dem Party is F****d." That was the subject line of an email sent to me Sunday by a senior Democratic consultant with strong ties to the White House and Capitol Hill. The body of the email contained a link to this Los Angeles Times story about Obamacare "sticker shock:"
"These middle-class consumers are staring at hefty increases on their insurance bills as the overhaul remakes the healthcare market. Their rates are rising in large part to help offset the higher costs of covering sicker, poorer people who have been shut out of the system for years."
"Although recent criticism of the healthcare law has focused on website glitches and early enrollment snags, experts say sharp price increases for individual policies have the greatest potential to erode public support for President Obama's signature legislation."
In his story, reporter Chad Terhune also quoted a letter sent to a California insurance company executive. "I was all for Obamacare," wrote a young woman complaining about a 50 percent rate hike related to the health care law, "until I found out I was paying for it."
Also of interest to the Democratic consultant: A Josh Barro column on Obama's promise that "if you like your health plan, you can keep your health plan." It was never a reasonable pledge, Barro argues, and it's being proven false. He called this "a good thing" because "a lot of existing health plans were bad." Reforming the nation's health care system "was necessarily going to have to change a lot of people's health plans," Barro wrote.
The Democratic consultant said none of this is news to him, but he wonders why Obama wasn't honest with Americans. He predicted surprise and outrage over higher costs and lesser coverage. "We will own this problem forever," the Democrat wrote.
I assume you mean a recovery high above $533.xx?
My guess is within a trading range of $525 to 545 tomorrow, with best guess at $527 to 542. Later this year, possibly back to 2013 high of $555, but not to $705 again until next year.
Mixed news for investors. Margin guide would have been a little better without the higher revenue deferrals. But no color on improved production of iPhone 5S - or 5C demand. And those banking on more buybacks will have to at least wait longer.
After Hours Volume: After Hours High: After Hours Low:
5,147,195 $ 542
(16:30:23 PM) $ 503.01
Also heavy volume. Tomorrow could be another wild ride.
Sheephumper is never actually short. No money.
What's time to a lifeless loser loon?
Enables the company to buy back more shares on the cheap, then raise estimates later so as not to be accused of intentional low-balling.
For the holiday shopping season, ending in December, Apple expects sales of $55 to $58 billion, and gross margin of 36.5 percent to 37.5 percent. Analysts were anticipating $55.7 billion in sales and gross margin of 37 to 38 percent. Just a little low on the low end, that's all. Apple always low-balls, in order to be able to raise later.