Today’s aftermarket stock prices were amazing. During day trading, Apple was down $7, and after the news after hours prices went exploding up. Tomorrow will be a good day for me and my tiny 24 share gambling pot.

from the news ....
“Meanwhile, in its fiscal first quarter, ...bringing its total cash holdings to $97.6 billion”

“...only 25 companies in the S&P 500—not counting Apple itself—have higher market valuations than what Apple holds in cash.

holy mackerel - remember 1997?

Are you sure ?  Tomorrow could be a BAD day for you, given professional traders have a habit of selling when the price of a stock is high, which then makes the price of the stock go down.  Don’t get me wrong - I’m in the same position as you, but I’ve seen this all before.  An almost 40% outperformance of analyst expectations is met by a 7% increase after hours (which is actually so much less than it seems, due to the share price already having dropped by over 1.5% during the day), then the selloff starts, and this is the peak price - until 6 months later when people have “reconsidered” and consolidated ... Just be prepared for some pain as I am - weekly options suck even when you are right.

LOL - you never know about Wall St. Even if it goes down some from where it went after hours, I can’t see it coming down to where it was before Tuesday (~$427/share). So bad yes if it comes down from the $450+ number, but good if it’s significantly higher than the $427. Oh well, I just hope it goes to the $550/share number they’ve been talking about for 6 months or more. It may get there before they predict though. I’m thinking Mar-April of 2013.

some of the other news in their release was interesting too:

“Apple sold 15.43 million iPad units in the latest quarter, more than double what it sold a year earlier. Apple Chief Executive Tim Cook said he didn’t see any obvious change in sales after Amazon.com Inc. (AMZN) released its new tablet.
Cook also acknowledged that the iPad was cannibalizing sales of Macs, but said “we continue to believe there is much more cannibalization of Windows PCs by the iPad.” He added that in education, specifically kindergarten through 12th grade, Apple sold twice the number of iPads as Macs.
In the quarter, Apple sold 5.2 million Macintosh computers, up 26% from a year ago. “

They also sold 15.4 million iPods which is pretty amazing after all these years

Oh well, I just hope it goes to the $550/share number they’ve been talking about for 6 months or more. It may get there before they predict though

I hope so, but I’m going to just add a touch of morbid realism ... I’ve been expecting (and so have a few of the MORE ACCURATE Apple analysts when it comes to earnings) a price target of $550 for 2 years now ... I really wish it had just been 6 months ... 

Do an estimated best fit straight line of the stock value since 1/24/2009, and it’s been going up at about $9.20 a month at a steady rate. To go from $425 to $550 is about another 13-14 months. This puts it at Feb-Mar of next year. Have faith LOL the heck with those experts

The economic downturn in ‘‘60-‘08 screwed up the growth curve for a while. It’s been up and down short term, but for three years it’s been a great slope up.

To go from $425 to $550 is about another 13-14 months. This puts it at Feb-Mar of next year. Have faith LOL the heck with those experts

I hear what you are saying - but I have had faith for about 4 years ... in AAPL ... Just before ... AArgh ! ... 2008 ($80 share price with the equivalent of $25 in cash per share).  I have NO faith in the share market anymore - and unfortunately Apple’s performance is only half the battle (in the share market at least).  PLEASE I want my reward for being RIGHT ... not to be punished !!

And all this while the whole world is still suffering from the recession.  Imagine what it would be like with a world economy firing on all cylinders.

jesus christ apple is a BEASTT!!! i just learned If you stack every single dollar bill in Apple’s $97 billion cash reserves, you would reach 6,583 miles into space…can you say EL-Ohhhh-EL?!!!! HAHAHA

pic/vid:
http://www.peeje.com/apple-stack-cash-213/

P.S. WOOT APPLE!!! 8=D