Maybe not ,can't be right all the time lol.My friend thinks apple is going to $350 by year end not $500 .Anything over $440 is ok by me.
What is his/her reasoning that Apple will fall to $350?
I think the stock is holding up remarkably well, its got 81.5 billion in cash as a cushion and there are many who think Peter Cook will return the cash to shareholders either through a 1 time dividend or a buyback of some sort.
But then my opinion is worth no more than your friend. I just don't see the stock falling anywhere near $350 and while it might not hit $500 in the next few months it will definitely get closer to that side of the range.
I have a hard time believing they will ever give out a dividend.
If they are to compete with Google and remain on top of the market, I think they should hoard all of their cash. It's when companies get cocky that they start to fall behind, no?
I mean.... I love the iPhone..... but they have to come out with something else eventually.
At what point is their battle chest sufficient. At 81.5 billion I think they have the capital to pursue any venture or opportunity they want and still have enough to compete with Google head on.
To put it into perspective. They could buy Suncor, CP Railway and BCE by the end of next quarter (assuming cash grows at current rate) and not be in any debt.
I think my friend makes these stock projections when he has too much wine.He loses money on everything , maybe he needs to buy some apple stock too.
2. That's not unusual volatility for such stocks.
KaeJS: unfortunate timing that you bought POT on Friday, not only because of this week's volatility, but also because POT & a lot of other fertilizers got downgraded on Monday.
“Simplicity is the ultimate sophistication.”