Originally Posted by g5man
I own 1300 shares. If I had more money to borrow I would buy more. I made 29K last year from it. This stock will double in one year and here is why.
I just bought my wife's office a new MacBook Pro yesterday. When I talked to the salesman he state they were selling them like hotcakes. I had to wait in line to buy the system. Last time this was happening it was just before the stock went over 90 and split.
The main reason Apple is doing well is the iPod. On the plane and on the subway and in school yards and at the gym everyone has iPods. Now people are buying Apple computers because of Intel inside. With Parallels one can run Windows and Mac at the same time. This reason alone and all the other great things from Apple will increase Apple market share.
The next big thing will be the iTV. A year or two from now it will rock the way iTunes and iPods rock now. When Walmart feel threatened Watch OUT. The grow potential is great in this area for Apple.
iPhone will take time to mature due to contract obligations of most celluar customers. It will keep Apple in the news but not really add much to the bottom line.
Wu is an idiot who talks out of both sides of his mouth. He is trying to lower the stock and it worked a little today.
I have a lot more than that, and despite the silliness expressed on the boards over what these people say, they usually do make sense.
Several of them predicted the rise in Apple's stock several years ago, and people here were making the same comments.
I see the stock rising more as well, and likely, eventually, the stock will rise to $120. But that is more speculation that is warranted from what we DO know.
These analysts have to work from what they find out from sources than none here can hope to match. It's their job to state what they know. That's what they do.
If the day traders then run with that and run the stock up, that's too bad. But that happens all of the time. What he's doing here, is telling investors that the recent run-up has gotten ahead of what the company has out, and shown. The run has come on speculation that, at this time, is unwarranted.
He does think the stock will rise to $99 in the future, perhaps in the next few months. But, first we have to see the actual figures for this quarter. Then we have to see if any of these hoped for new productswhich Apple has said nothing at all about, will appear in time for the holiday season. Then we will have to see the results for that.
People here tend to jump the gun upon the slightest speculation, and assume that these are actual products when they are not.
Need I remind anyone here that we have been expecting the "true" video iPod since last January, and the iPhone since sometime early this year?
Neither product appeared, nor did the set-top box that many here predicted at the time.
That, and the market's performance overall, was why the stock dipped to almost $50.
Every time the speculation machinery was in form, the stock would take a sharp rise, only to fall back most of the way.
He's just warning investors that it may happen again if Apple does not come out with those often speculated upon products, when people are expecting them.
Nothing wrong about that. It's what he should be doing.