Apple getting bit

Quote from S2007S:

Apple gained over 100% last year,

Does anyone really think it could double again to over $400 a share by the end of 2010.

I mean how much higher can this stock go, at this point risk has to outweigh reward.
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I'm sure people said that when it went from 80 to 160, but then it went to 220. Some of you "traders" really don't seem to understand that it doesn't matter what you think.

Apple will go as high as people want it to. Some say its high here, some say its still undervalued. All that matters is that its still pushing higher. Overnight plays have been very good. Buy an ITM or ATM call and sell the next day for a nice profit. (im still a little mad at myself for selling mine at 17 when they're at 32, but live and learn)
 
Next target around 228.80 some day next week - or not.

It must close below 224 today to be bearish.
It should close below 217.89 next week to be bearish.

There's even a breakaway gap in the weekly chart (02/26-03/05).
So I see no reason to short.
But then it's about your timeframe you're trading.
 
ROFLMAO :D :D

This is the funniest story I've seen in months. So many wanted/were shorting it :D

Quote from trader#21:
It will open near all time high. This bear-slaughter market is awesome :D
I just cant stop laughing :D
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Quote from S2007S:

By the time AAPL becomes a good short it will already have turned down 10-15%.
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It has to turn down to generate a signal to short, so as to enter on a stop.
That's just how I am doing it. To each his own.
 
Going to be interesting to see where the Ipad takes apple shares, I for one believe it to be very much over hyped at this time. Tablets have been on the market for nearly a decade, how this one will be any different from the newer tablets that come out is beyond me. The app part of it may be the only thing going for it, other than that who needs all these devices, I carry my smartphone which gets me any news and info I need, at home I use my laptop, there is absolutely no sense in dropping hundreds of dollars and another $30+ for a data plan just to surf the web and get email.



Buy Apple Shares Now—Before iPad Launch: Strategist
Published: Monday, 8 Mar 2010 | 5:16 PM ET
Text Size
By: JeeYeon Park
CNBC News Associate

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The Nasdaq is trading at its highest level in 18 months and the one-year anniversary of the market lows is here. Is now the time to invest in technology? David Garrity, principal at GVA Research, and Roger Kay, president and founder of Endpoint Technologies, discussed their ideas. (See Kay's 6 stock picks, below.)

“Over the last two years, Apple really has been leading the tech sector higher,” Garrity told CNBC.

“The global aspect of Apple is quite significant—and is one that gives the story further legs beyond here.”

Garrity advised investors to buy Apple shares ahead of the iPad launch in early April.

“It’s worked for investors around other product cycles in the past, like the iPhone,” he said. “We think now is a good time to buy and $250 over the next 6 to 12 months is a reasonable target to have.”

In the meantime, Kay also said Apple is a “good buy” and added that the iPad, despite skepticism from critics, will do well.

“I think the story with business spending is that it’s going to pick up continuously through the year, and this is going to be a year of recovery where 2011 will be a year of real building,” Kay said of the overall technology sector.

“So those cycles are beginning, but they still have a ways to go.”

Kay Likes:

Apple [AAPL 227.11 1.61 (+0.71%) ]

Qualcomm [QCOM 38.91 -0.19 (-0.49%) ]

Marvell Tech [MRVL 20.24 -0.27 (-1.32%) ]

Nvidia [NVDA 17.34 0.15 (+0.87%) ]

Advanced Micro Devices [AMD 8.95 --- UNCH (0) ]

Freescale Semiconductor [FSL 39.99 --- UNCH (2578800) ]
 
Quote from S2007S:

Going to be interesting to see where the Ipad takes apple shares, I for one believe it to be very much over hyped at this time. Tablets have been on the market for nearly a decade, how this one will be any different from the newer tablets that come out is beyond me. The app part of it may be the only thing going for it, other than that who needs all these devices, I carry my smartphone which gets me any news and info I need, at home I use my laptop, there is absolutely no sense in dropping hundreds of dollars and another $30+ for a data plan just to surf the web and get email.
]
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You guys need to take yourself out of the equation. Just because you wouldn't buy it or don't think it would be useful to you doesn't mean anything. Not to mention that the iPad isn't the be all end all for apple. It's 1 new product. It will sell. How many is questionable but people are going to buy it. Not to mention they are still gaining market share fast with their computers and the iPhone is selling like hotcakes. Vodaphone UK sold over 50,000 first day. China Unicom will be selling the iPhone WITH wifi. Plus who knows what might happen with new updates to the phone and or the ipod and all their other products.


instead of all this bullshit, just get involved, play the price movements instead of playing analyst for the day.
 
It is absolutely ridiculous to short a stock as it is trending up. Not sure when AAPL will be a short but the time is not right now! At least with the perspective I have.
 
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