Is AAPL in trouble?

[SunTrader]

I don't care that much about short term technicals, ....

Than why did you bother posting. OP and posts that followed clearly had SHORT term in mind. $4-5 move.

And no one here said anything about it going to $20!!!

 

[Visaria]

This thread should be closed now, the anticipated move occurred, traders made their money , move on to the next trade.

 

[Nine_Ender]

This thread should be closed now, the anticipated move occurred, traders made their money , move on to the next trade.

How is any of this related to "Is AAPL in trouble?" ? Perhaps a more appropriate title and there will be less confusion on the intent.

 

[Visaria]

i believe the OP meant the stock price was in trouble, technically, for at least a day, rather than the corporate entity.

How is any of this related to "Is AAPL in trouble?" ? Perhaps a more appropriate title and there will be less confusion on the intent.

 

[toc]

I predicted AAPL to around $40 for long term. Still standing by it. Markets will take it with them. Major indices are looking out for correction of sorts. SPY going down to $140-150 area it seems.

 

[Autodidact]

I predicted AAPL to around $40 for long term. Still standing by it. Markets will take it with them. Major indices are looking out for correction of sorts. SPY going down to $140-150 area it seems.

AAPL 40?

Not happening, in fact you will see 140 in 2016.

 

[Nine_Ender]

When AAPL was around $115 a share ( Dec 5th, 2015 ) :

I don't care that much about short term technicals, the long term technicals and recent fundamentals suggest AAPL will retest the $132 area in 2016 and probably break that high. Earnings will be the main determinant, with the additional flyer that they could raise their dividend at some point.

Traders here, if their time frame is short enough and price goal reasonable, could catch a temporary glitch in the long term trend ( I wouldn't want that trade but so be it ). However, my experiences on this site are that many posters are seeking a massive move down that defies fundamentals. For example, AAPL going to $30-$40 a share in short order has been floated on this site. Another double is more likely then that in my opinion.

Currently at $187, not quite a double yet but that possibility looks very real now and the forecasts of one crew on here of sub-$50 prices were way off. It was a steal at $90 a share when it retested a long term floor.