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Started By
Message
Aapl down $60 in 3 days....
Posted on 4/16/12 at 9:13 am
Posted on 4/16/12 at 9:13 am
Was not a $600 stock IMO....too big valuation, will be $300 ahortly
8
Posted on 4/16/12 at 9:18 am to ThaBigFella
Alright.
Posted on 4/16/12 at 9:19 am to ThaBigFella
I don't think anyone in their right mind would have taken the keys to AAPL over the keys to XOM, but somehow, the stock continued to drive higher and higher.
I don't know if this is the beginning of the crash, but it's a reality check after an irrational rise.
I don't know if this is the beginning of the crash, but it's a reality check after an irrational rise.
Posted on 4/16/12 at 9:22 am to TheHiddenFlask
Plain and simple aapl buy back stock will not be at $600 a share, $250-350 tops, no company would pay $6-700 to buy back it's own stock
Posted on 4/16/12 at 9:28 am to ThaBigFella
I'll be you your username BRK would.
Posted on 4/16/12 at 9:35 am to ThaBigFella
quote:
Was not a $600 stock IMO....too big valuation, will be $300 ahortly
I see it being a $600 stock much more than a 300. And the drop in price is more than likely a result of the entire market going down the past two weeks.
If it were to drop to 300, the forward P/E of Apple would be something around 6. You think that's a "fair" price? Especially for a company that still acts like a "growth" company?
This post was edited on 4/16/12 at 9:37 am
Posted on 4/16/12 at 9:41 am to ThaBigFella
quote:
Was not a $600 stock IMO....too big valuation, will be $300 ahortly
Uhm...lol. I sure hope not.
Posted on 4/16/12 at 9:43 am to Camp Randall
For anyone that confident that it will go down that much, they should short it. Easy money!
Disclaimer: I own apple and don't plan on selling it anytime soon.
Disclaimer: I own apple and don't plan on selling it anytime soon.
Posted on 4/16/12 at 9:46 am to LSU1018
sounds like a bunch of butt hurt people that had to wait a very long time for the slightest of apple drops to start their whining.
Posted on 4/16/12 at 10:12 am to Chad504boy
I dare anyone to short Apple for any period of time. Let's just say the odds are in not in your favor. 16 times earnings with an estimated 15-35% consensus long term growth rate? Cheap stock on a PEG basis
Let's look at the past 1.5 year chart:
It's had 3 consolidations: approximations here
403->353= 12% drop
413->369=11% drop
422->363= 14% drop
Current: 644-> 585= roughly 10%
From a technical stand point it's correcting as it should to form a new base higher. It's 50 day moving average will be a key level of support at 553. I don't see it dropping much further from a technical perspective but if it does test it's 50 day and bounce up I'd be a buyer. If it falls below 553 I'd be a bit worried (not really cause the fundamental picture is so strong)
It's had some more minor corrections of 4-5% averaging. I'd argue this is an average correction. But im by no means a technician! I'm long.
Let's look at the past 1.5 year chart:
It's had 3 consolidations: approximations here
403->353= 12% drop
413->369=11% drop
422->363= 14% drop
Current: 644-> 585= roughly 10%
From a technical stand point it's correcting as it should to form a new base higher. It's 50 day moving average will be a key level of support at 553. I don't see it dropping much further from a technical perspective but if it does test it's 50 day and bounce up I'd be a buyer. If it falls below 553 I'd be a bit worried (not really cause the fundamental picture is so strong)
It's had some more minor corrections of 4-5% averaging. I'd argue this is an average correction. But im by no means a technician! I'm long.
This post was edited on 4/16/12 at 10:22 am
Posted on 4/16/12 at 10:58 am to ThaBigFella
I'm sure BAYLOR is making a killing shorting it.
Posted on 4/16/12 at 11:46 am to Chad504boy
quote:
sounds like a bunch of butt hurt people that had to wait a very long time for the slightest of apple drops to start their whining.
Posted on 4/16/12 at 11:50 am to wegotdatwood
Aapl will be way past 600 post iPhone 5 sales figures.
Posted on 4/16/12 at 12:08 pm to ThaBigFella
quote:So the AAPL board is conspiring to reduce the value of their company by 50% so that their 10 billion buyback will be worth more...
Plain and simple aapl buy back stock will not be at $600 a share, $250-350 tops, no company would pay $6-700 to buy back it's own stock
Posted on 4/16/12 at 12:30 pm to homeskillet
Ask landrys corp how that works,I foolishly owned stock before fertitta decided to buy back his company
Posted on 4/16/12 at 1:51 pm to kfizzle85
quote:
I'll be you your username BRK would.
Real talk.
This "stock price" valuation is giving me flashbacks of SMIF.
Posted on 4/16/12 at 2:26 pm to TheHiddenFlask
quote:I was thinking the same.
This "stock price" valuation is giving me flashbacks of SMIF.
Posted on 4/16/12 at 3:57 pm to GregYoureMyBoyBlue
quote:
If it were to drop to 300, the forward P/E of Apple would be something around 6. You think that's a "fair" price? Especially for a company that still acts like a "growth" company?
Signed,
Oracle (circa 1999)
Posted on 4/16/12 at 6:02 pm to ThaBigFella
Here are the main conspiracy theories I've seen thrown around:
*The big boys driving it down pre-earnings to make a killing next week.
*People cashing out their crazy profits to pay their taxes with house money.
*Apple manipulating as part of the buy back.
Conspiracy theories aside, it is definitely a weird sell off. Lots of money to be made by those that get lucky and hit the bottom just right. If it holds solid pre-market and at the open tomorrow, the money is going to flow back in.
I'll leave it to others to figure out how this happen without a tangible catalyst.
*The big boys driving it down pre-earnings to make a killing next week.
*People cashing out their crazy profits to pay their taxes with house money.
*Apple manipulating as part of the buy back.
Conspiracy theories aside, it is definitely a weird sell off. Lots of money to be made by those that get lucky and hit the bottom just right. If it holds solid pre-market and at the open tomorrow, the money is going to flow back in.
I'll leave it to others to figure out how this happen without a tangible catalyst.
Posted on 4/16/12 at 6:32 pm to Scoop
quote:rumors of a Samsung Galaxy S3 release soon? They sent out invites to a May 3 event this morning
I'll leave it to others to figure out how this happen without a tangible catalyst.
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