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RE: Short Apple Now???

Posted: 3/13/2012 1:47 PM

RE: Short Apple Now??? 



bomb wrote:
  • CANE4LIFE, what did you get stopped out at?

    AAPL @ $561
and not looking back biggrin
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Posted: 3/13/2012 3:48 PM

RE: Short Apple Now??? 


566 - AAPL
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Posted: 3/13/2012 6:18 PM

RE: Short Apple Now??? 


Misek at Jefferies put a $699 target on it today, and it helped move it- closed at $568
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Posted: 3/13/2012 6:26 PM

Re: Short Apple Now??? 


absolutely no reason to sell this puppy

friend of a friend bought lots of shares in the early 00s and has held. Dudes gonna send his children to college and more on what he owns
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Posted: 3/14/2012 9:11 AM

Re: Short Apple Now??? 


up to 578 in pre-market excited
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Posted: 3/14/2012 10:04 AM

Re: Short Apple Now??? 


Just hit $583.

Morgan Stanley put a $960 target on it this morning!!!

NEVER SHORT AAPL!!!
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Posted: 3/14/2012 1:29 PM

Re: Short Apple Now??? 


$593 and climbing!!!

Can we get to $600... TODAY???
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Posted: 3/14/2012 1:53 PM

Re: Short Apple Now??? 



bomb wrote: $593 and climbing!!!

Can we get to $600... TODAY???
only a matter of time.....then 650 is right around the corner
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Posted: 3/14/2012 2:50 PM

Re: Short Apple Now??? 


Apple pushes to new highs ahead of launch

By Dan Gallagher 
Mar 14, 2012 12:00:37 (ET)

SAN FRANCISCO (MarketWatch) -- Wall Street analysts are attempting to get ahead of a recent run-up on shares of Apple Inc. ahead of the launch of the company's latest product, as well as a possible dividend from the deep-pocketed tech giant.

At least nine brokers have raised their price targets on Apple (AAPLTrade ) in the last week, ever since the company unveiled its new iPad last Wednesday. The device goes on sale in the U.S. and nine other countries on Friday. The three most recent target hikes call for the stock to hit or pass the $700 mark -- about 20% above its current level.

Apple's shares have been on a strong run, surging more than 38% since the company reported blowout earnings results in late January, and adding another 9% since last week's iPad event.

The stock was last up about 2.5% to $582.21 on Wednesday morning.

"Investors still underestimate the potential earnings upside at Apple," wrote Katy Huberty of Morgan Stanley in a note to clients on Wednesday.

Huberty, who pumped up her price target on the stock by 40% to $720, wrote that Apple shares trade about nine times her "base case" earnings scenario, and "discount just 2% growth longer term." She cites several potential drivers of strong results for the company, including the expectation of an LTE-based iPhone later this year.

Regarding the iPad, Huberty believes more businesses are looking at adopting the device for corporate use, which should boost Apple's already high lead in the tablet market.

"Fifty-six percent of US companies already purchase tablets for corporate use, compared to a 51% expected penetration a year ago," she wrote. "Assuming Apple maintains its 80% share of the enterprise tablet market, iPad purchases by enterprises could account for 9 million units and $5 billion in iPad revenue in [calendar year ] 2012."

Higher estimates for the iPad also led Mike Walkley of Canaccord to boost his target price on the stock to $710 from $665 on Wednesday.

In his note to clients, Walkley predicted that Apple would sell more than 65 million iPads this year -- up from his prior estimate of nearly 60 million. He says the new iPad "has raised the bar relative to competing tablets with impressive hardware specs, competitive pricing, and the leading software ecosystem" of more than 200,000 iPad-specific apps.

"At Mobile World Congress, our meetings with Android OEMs focused on smartphones as tablet OEMs indicated difficulty competing with the iPad 2, let alone the new iPad," Walkley wrote.

Current price targets on Apple range from a low of $270 to a high of $730, with the median target set at $600, according to data from Thomson Reuters.

At $600, Apple trades about 14 times estimated earnings for the next four quarters -- below its average multiple of 20.8 over the last five years, according to valuation data from FactSet Research. Apple's multiple drops to about 11.5 once the company's cash hoard of nearly $100 billion is backed out. The multiple is also slightly below the average for peer stocks in the S&P 500, according to FactSet.

Apple's large cash base is also continuing to raise speculation that the company will start paying a dividend soon.

In a note Tuesday, Bernstein analyst Toni Sacconaghi wrote that Apple "appears increasingly ready to return cash to shareholders," but added that the large amount of offshore cash reserves could be a constraint. He said one option for the company could be to tap the debt markets to help fund the move, which could be easily covered by its strong cash-generating businesses.

"Given prevailing low interest rates, we believe that the most attractive option for Apple would be to issue a significant amount of debt (likely $50 billion, though $100 billion is not incongruous)," Sacconaghi wrote.

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Posted: 3/14/2012 5:40 PM

Re: Short Apple Now??? 


Apple is only 24 points behind google in stock price.
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Posted: 3/15/2012 8:22 AM

Re: Short Apple Now??? 


up 8 in pre-market to 597.66
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Posted: 3/15/2012 2:52 PM

Re: Short Apple Now??? 


Actually hit $600 today before some profit taking knocked it back down. Nuts.
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Posted: 3/16/2012 6:05 PM

RE: Short Apple Now??? 


Ok Bombski. Here's how the trade went down.

Had my order in premarket. First 15 shares I shorted at 547.40

I added another 10 at 536 on 3/5

I had tight trailing stops, and was going to let it ride, but I puzzied out and I covered at 526.52

Then I swung the trade. Flipped all 25 in at a bit over 525. I sold it all on the 13th at 565 and change.

All told, made around 1400 on the trade.

Obviously Im kicking myself a bit for selling it when I did, but I didnt want to be greedy. I didnt think this b*tch was going to hit 600 that fast.
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Posted: 3/16/2012 6:06 PM

RE: Short Apple Now??? 


BTW, Im over on the other site, and weve been discussing this and other stocks too, which is why I havent been by here.
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Posted: 3/18/2012 4:18 PM

RE: Short Apple Now??? 



CANE4LIFE wrote: BTW, Im over on the other site, and weve been discussing this and other stocks too, which is why I havent been by here.
where?
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Posted: 3/28/2012 8:38 AM

RE: Short Apple Now??? 


Hitting 620 today?????? biggrin
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Posted: 3/29/2012 4:35 PM

RE: Short Apple Now??? 



dyno cane wrote: Hitting 620 today?????? biggrin
April earnings are coming soon.  Watch in run leading into it.
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Posted: 3/29/2012 7:42 PM

RE: Short Apple Now??? 


It could always hit $500 before $600.. If the Mkt corrects..
ACC CHAMPS
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Posted: 3/29/2012 8:06 PM

RE: Short Apple Now??? 


Lol, the stock is hitting $1000

obamacane wrote: It could always hit $500 before $600.. If the Mkt corrects..
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Posted: 3/30/2012 3:00 PM

RE: Short Apple Now??? 



obamacane wrote: It could always hit $500 before $600.. If the Mkt corrects..
It totally could.  I have made a bear case for myself where that COULD happen.  But, I don't think its likely. And even if it DOES, when AAPL is making $60 a share next year EX CASH, what will a share be worth?  Put a 15 PE on it and you have a $900 stock.  How low can that really trade?  The EARNINGS are the silver bullet.  They will support and pull the share price along.  As they should.  After all, shouldn't a company be valued on how much money they make? 

As an aside, were you Hulka on Grassy?  We're you the guy who said that AAPL had nowhere to go but down when Jobs died?:-)
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