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January 2010 target price
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Assuming a target price of $200 for January 2010 (a bit of rounding down from Deagol’s estimate), the AAPL stock price would start from 120 this month and increase by $ 10 per month on average.
So, if Apple stock price were to jump to $ 140 after earnings, that would be $ 12 over the linear projection.
And for the question: Would the swing traders here on the board, take some money off the table ?
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I’m sorry, but this linear progression is a completely erroneous assumption. NO stock can be projected in a linear projection for that length of time. Especially in this market.
-ernie
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Assuming a target price of $200 for January 2010 (a bit of rounding down from Deagol’s estimate), the AAPL stock price would start from 120 this month and increase by $ 10 per month on average.
So, if Apple stock price were to jump to $ 140 after earnings, that would be $ 12 over the linear projection.
And for the question: Would the swing traders here on the board, take some money off the table ?
What does a 200$ price in Jan 2010 have to do with swing trading. Swing trading involves short term moves. If Apple jumps to 140$ after earnings I assume you mean the next day then Apple would be ripe for a pullback based on the technicals. The price will not move linear, when I look at a chart of a stock the term linear growth does not come to mind.
Here is a link two a couple animated charts Apple and S&P 500 which might help your decision making
[ Edited: 20 April 2009 10:25 AM by pats ]
