The IPO every photographer I know wishes they would have been part of. On December 12 of 1980 AAPL went on sale for $22 a share…
Today they sit pretty at around $274 and even the “non” wall streetwise amongst us can appreciate those rather impressive numbers. BUT (note the big BUT) if a recent report from BAM (a hedge fund) is to be believed Apple stock could be rotten to the core as early as this summer. The BAM prediction…?
Wait for it…
Wait for it…
If you own Apple stock sit down…
Wait for it…
$42
The Apple fanboy in me wants to say Poppycock! The concerned citizen in me says, if usually successful AAPL falls that far after a few rather successful new product releases what does that mean for the rest of the economy?
What do you guys think? Could Apple fall from grace? Discuss it in the comments or in the DWF Pro Business forum.
via|streetinsider







5 Comments at "Is Apple Stock About to Plummet?"
I just bought some two weeks ago on the hopes it would go to $350 like many other anyalists are saying so I hope not
They have $53 per share in cash. Why do you even put this crap up. Is this an attempt to get page views??? Lame dissemination of garbage.
The recent history of financial analysts is littered with anything but predictive success.
So yes, they could be right on this, OR yet again, like so much in the “GFC”, totally wrong.
Often the problem can be as simple as a few to many panicked buyers heeding advice that, otherwise, never made sense in the first place….
I thin they are hoping to make it a self-fulfilling prophecy.
BTW that $22 was PRE several splits.So if you DID buy it then for $22, your actual and eventual per share price is much lower. I bet $4 or less. I bought 100 shares at 16 in 2000 something that split 2 for 1, so in reality, I paid $8 for 200 shares.
Thanks for the link, Mark.
Don’t have time to read the “BAM” site now. ( http://www.baminvestor.com )
Though it seems their analysis is focused more on BA for a specific company or market.
“Once the sequence has completed a growth phase it is time for the destructive phase. AAPL is just the latest example of a stock that will… ”
So while specific companies or stocks are part of the markets, they don’t necessarily reflect the entire economy. If you want to get concerned about economies, I’d look at pollution, climate change, fresh water, and some of the information here:
http://money.cnn.com/2010/06/10/news/economy/unemployment_layoffs_structural.fortune/index.htm
http://www.latimes.com/business/la-fi-jobs-educate-20100612,0,1944150.story
Predicting stocks and other investments is tough. When Ray put his $1600. in Apple ten years ago they could have then floundered. There may have also been another stock that did better over the past ten years. If he had known they would do this will with certainty, I’ll bet he would have bought more shares.
With foresight an investment in Ford in fall of 2008 returned 5 fold a year later. But many other big corps lost money. While there are some legal issues with trying to lower stock prices by publishing false info. Hedge fund managers (and those looking to make short term gains) have used the technique in the past.
Here is an interesting analysis about a stock I had considered:
http://seekingalpha.com/article/205941-what-s-driving-toyota-share-price
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