I voted $110-$135 as I cannot imagine AAPL (or any other CE/high-tech stock) holding up well in a heavily tanking market!

However, the question is rather, do I think the market will truly tank 15-20% in the next 3-6 months?
I don’t think so, I believe that any downturn in the market may begin around spring 08 when the first signs of economic weakness show (especially in the housing & construction business)

[quote author=“MaCroissant”]I voted $110-$135 as I cannot imagine AAPL (or any other CE/high-tech stock) holding up well in a heavily tanking market!

The question he asked was if the markets tanked 15-20% in the next 3-6 months, where will AAPL be in 18 months though. I think you’re perhaps overlooking the different time frames a little bit

Sorry, I sloppily read february 2008

Anyways, february 09 is another story, too many things can happen between now and 09, but I dare to say that we would be above $150, even if the market melts down from here for a while.

But all in all, I don’t think there is a straight correlation between a short term (3-6 months) and a mid-term move (more than a year) except if the short term move is a serious bubble-burst

[quote author=“MaCroissant”]Sorry, I sloppily read february 2008

Anyways, february 09 is another story, too many things can happen between now and 09, but I dare to say that we would be above $150, even if the market melts down from here for a while.

But all in all, I don’t think there is a straight correlation between a short term (3-6 months) and a mid-term move (more than a year) except if the short term move is a serious bubble-burst

Ditto.  And ditto.

And where will the dollar be in Feb 2009?

Whooops ...  My mistake, it should have read, Feb 2008.  Was thinking about leaps and got ahead of myself…  my apology in Feb 2008 where will AAPL be if markets pull back 15-20%?

Read your mind.  Voted $135-$150.  Expect 4 to be in price zone of 3.iv.

Well then, I apparently also managed to read your mind Quadra

Any stockmarket meltdown impacts high PE stocks, high-tech stocks and “hype” stocks.
AAPL belonging to all three categories, a shortterm dive to 110-135 in february 08 isn’t out of question IF the market melts down.

Regarding the dollar, I see the ECB cutting rates sooner or later (next 6 months) simply because it has to take off some pressure of the Euro both to keep exports going and to keep the interest rate gap between the Eurozone and the US tolerable.
IMO the dollar will start to bottom out here, the worldwide monetary balance depends on it and it’s in no one’s interest to sink it in the mid-term

I voted $135 to $150 for Feb 08 - but ONLY if market pulls back that much.

One caveat - *IF* Apple settles with Burst before Feb it could trigger an irrational pullback that could be catastrophic if it occurs in the context of a 15-20% market decline :o     (o.k so there’s a big IF and 2 “coulds”  in that sentence so never mind…:wink:)

By February 2009 I expect AAPL to be trading at over $300 per share.