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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400
Posted on 5/6/13 at 7:44 am to C
Posted on 5/6/13 at 7:44 am to C
$457.20 in premarket today.....wow I am just stunned....2 weeks ago we were at $385 and so many people were saying apple was done and $350 was around the corner funny how a buyback announcement along with a $17B bond offering with immense demand leads to a near 20% gain in the world's largest company in such a short time.
This post was edited on 5/6/13 at 7:54 am
1
Posted on 5/6/13 at 8:03 am to ThaBigFella
quote:
funny how a buyback announcement along with a $17B bond offering with immense demand leads to a near 20% gain in the world's largest company in such a short time.
Found out why they actually did the bond deal. Most of their cash is overseas so they saved about $9B in repatriating taxes by doing the bond deal to pay for buybacks rather than bringing cash back to the US.
ETA: Here's comes the $460 resistance level, let's see if AAPL has the juice.
This post was edited on 5/6/13 at 8:05 am
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