AAPL: Buying the Dips!
- Thread starter cactiman
- Start date
Quote from cactiman:
All opinions and facts are welcomed.
More ingredients to mix into the Stock Market Soup!
Is your price target $10,000?
I bet in two years Apple will sell 20 billion iPhones.
Quote from cactiman:
So far AAPL has pulled back -11.56% (705.07 to 623.55).
Earlier pullbacks over the last 2+ years were:
-18.92% (641.25 to 519.95)
-14.85% (424.88 to 361.77)
-12.73% (402.77 to 351.51)
-12.57% (353.61 to 309.17)
-10.59% (363.34 to 324.87)
-11.44% (264.85 to 234.55)
We're currently in this -10.59% to -18.92% pullback range.
If AAPL falls to 600, which is my guess for "as low as she'll go", it would be a -14.90% pullback, which is still well within this 2+ year range.
Once $600 breaks it will fall further. There is no guarantee that $600 is the low point in this sell off, earnings will decide later this month if this stock is above $700 or below $500, yes, I said $500.
Thats exactly what people have to comprehend which they fail to do, growth is limited and for apple to see year over year of 100% sales of iphones is diminishing every quarter. No company stays on top forever, you can only sell so many phones and computers, every tech company has its day and then is forgotten about, remember Dell in the late 90s along with AOL, you could stop them, look at those companies today. No one cars for them, look at HPQ and RIMM...same thing.
ipad builders make $14 a day http://www.wimp.com/insidefoxconn/
Me too..........Quote from cactiman:
I'd settle for a price of $10,000 per share, sure.
And that will be one of the great negatives going forward with apple and foxconn and the rest of the people in china who build products for the US and only make a few dollars a day.
What if the million people in Foxconn one day decided to strike and ask for better pay, better work conditions and less time spent on the line building these electronics. Its going to happen and when it does apple will be feeling the brunt of all of it. Along with all other tech companies who manufacture their goods over in China. Its going to happen one day. There is only so much demand a human being can take, especially when they are producing goods for billions of people.
