When will Apple hit $500/Share

  • Posted: 02 February 2012 04:20 PM #31

    I used to be in the January camp but knew it wouldn’t happen when the numbers hit and they were simply too mammoth for the market to absorb quickly.  Now I’m thinking end of February but as dull witted as the market is it wouldn’t surprise me if they took until March to process all that data.  :wink:

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    Posted: 02 February 2012 07:46 PM #32

    The Apple Event in February rumor (unusual, normal or otherwise) got shut down pretty hard by “Mr. 1.000” Jim Dalrymple from LoopInsight:

    http://www.loopinsight.com/2012/02/02/apple-will-not-hold-an-event-in-february/

    His calls were 100% accurate last year (if often nebulous, like “not this month”), and I have to give his take heavy weight until proven otherwise.

    If the sense is no Apple Event in February, AAPL could lag a bit as anticipation builds, and possible FUD/rumormongering about production delays, manufacturing difficulties, and more tag along for the ride.

    [ Edited: 02 February 2012 07:59 PM by Mav ]

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  • Posted: 03 February 2012 03:55 PM #33

    AAPL will go past 500 the day investors notice that next 5 years growth perspectives for Apple are much better than Google’s and that GOOG P/E being 20, AAPL should be valued above $700

         
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    Posted: 03 February 2012 04:20 PM #34

    I should hasten to add that by “lag”, maybe “AAPL 500 in February” is less likely than before.  I’m still thinking AAPL 500 by April.

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  • Posted: 05 February 2012 01:59 AM #35

    Mace - 02 February 2012 05:27 AM
    omacvi - 02 February 2012 02:02 AM

    I have a stupid question.  If Apple were to start buying back their shares and the shares appreciate, what prevents them from selling their shares for a profit?

    Apple as a company can’t trade shares.  That is, those shares bought can’t be issued in the open market.  To issue in the open market, need board approval.

    It likewise requires board authorization to buy back shares.  Board meeting is in March IIRC.

         
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    Posted: 05 February 2012 02:38 AM #36

    capablanca - 05 February 2012 05:59 AM
    Mace - 02 February 2012 05:27 AM
    omacvi - 02 February 2012 02:02 AM

    I have a stupid question.  If Apple were to start buying back their shares and the shares appreciate, what prevents them from selling their shares for a profit?

    Apple as a company can’t trade shares.  That is, those shares bought can’t be issued in the open market.  To issue in the open market, need board approval.

    It likewise requires board authorization to buy back shares.  Board meeting is in March IIRC.


    So it can be done.  I actually think they will buy back shares simply to limit supply for regular market.  WS won’t be happy at first, but decreased supply should give us a 10-20% bump.

    I also think it will happen later in the year and won’t be announced after this latest board meeting.

    We will see 500 in July.

         
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    Posted: 09 February 2012 10:44 PM #37

    Feb 9th holy crap. My $550/share prediction for March 2013 may be off a little

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    pbg

         
  • Posted: 09 February 2012 10:49 PM #38

    I am not sure, but I am sure that I will be way long Apple LEAPS when it happens

         
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    Posted: 09 February 2012 10:51 PM #39

    Tomorrow. :D

         
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    Posted: 09 February 2012 10:54 PM #40

    lovemyipad - 10 February 2012 02:51 AM

    Tomorrow. :D

    quite possibly.  I still think it bubbles over 500 before a retracement.  I think 511/514 before a retracement. 

    I’ll be ready to Mo-Mo those weeklies tomorrow.

         
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    Posted: 09 February 2012 10:56 PM #41

    Steveafb - 02 February 2012 01:11 AM
    adamthompson3232 - 31 January 2012 05:10 AM


    I’m sticking with $500 per share by February 13th of this year.

    I sure hope this is a joke.

    If not, lay off the booze wink


    $500 July 2012

    lol.  Good call Adam.

         
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    Posted: 09 February 2012 11:02 PM #42

    I’m amazed AT isn’t rightfully gloating yet.  Maybe give him a few more dollars.

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    Posted: 09 February 2012 11:06 PM #43

    Mav - 03 February 2012 08:20 PM

    I should hasten to add that by “lag”, maybe “AAPL 500 in February” is less likely than before.  I’m still thinking AAPL 500 by April.

    I should _also_ hasten to add that the all-but-confirmation of an iPad event in March obliterated the uncertainty in the market’s mind, so that negative FUD factor (e.g. any and all iPad 3 is delayed crap) is completely reversed now. 

    iPad 3 + LTE dividend in mid-March?  This shareholder approves!

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
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    Posted: 09 February 2012 11:37 PM #44

    Mav - 10 February 2012 03:02 AM

    I’m amazed AT isn’t rightfully gloating yet.  Maybe give him a few more dollars.

    He called it like a champ

         
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    Posted: 09 February 2012 11:52 PM #45

    blaze biscuits - 10 February 2012 02:54 AM

    I’ll be ready to Mo-Mo those weeklies tomorrow.

    Atta boy! wink