• Your favorite

    Apple

    ,

    iPhone

    ,

    iPad

    ,

    iOS

    ,
    Jailbreak
    , and
    Cydia
    site.
  • AAPL Soars on Wall Street in Monday 'Comeback'


    They're already calling it a "comeback."

    On Monday, shares of AAPL climbed more than $30 as the world's most profitable company saw an end (at least for now) to the non-stop selling that shaved off better than 20% of AAPL's value in the last two months. But during recent days, a number of prominent stock analysts have come forward to argue that AAPL has become grossly undervalued.

    Brian White, an analyst at Topeka Capital Markets, said the selling should be over for now.

    “The sell-off in Apple’s stock over the past eight weeks has gotten to the point of being ‘insanely insane’ given the depressed valuation, new blockbuster products for the holiday season, the attractive long-term growth opportunities that lie ahead and the company’s ability to distribute significant cash flow to investors,” White says.

    White's 12-month price estimate for AAPL remains $1,111. According to Bloomberg's survey of 62 analysts, 60 now recommend buying shares. The average 12-month target price is $766.60.

    Source: Bloomberg
    This article was originally published in forum thread: AAPL Soars on Wall Street in Monday 'Comeback' started by Michael Essany View original post
    Comments 7 Comments
    1. *T*'s Avatar
      *T* -
      The investors are stupid. They can't think for themselves
    1. perealb's Avatar
      perealb -
      Quote Originally Posted by *T* View Post
      The investors are stupid. They can't think for themselves
      Are you surprised? They have been behaving out of emotion and misinformation for a long time.
    1. Jarolin Vargas's Avatar
      Jarolin Vargas -
      this is called stock manipulation. the investors purposely bring certain stocks down and buy them at the lowest price knowing that the stock will soon rise again and when the price is high once again they sell it.
    1. GmAz's Avatar
      GmAz -
      Quote Originally Posted by Jarolin Vargas View Post
      this is called stock manipulation. the investors purposely bring certain stocks down and buy them at the lowest price knowing that the stock will soon rise again and when the price is high once again they sell it.
      Exactly, I wonder how many shares Mr White has or recently purchased.
    1. perealb's Avatar
      perealb -
      Quote Originally Posted by Jarolin Vargas View Post
      this is called stock manipulation. the investors purposely bring certain stocks down and buy them at the lowest price knowing that the stock will soon rise again and when the price is high once again they sell it.
      If you're a serious investor, you should still be able to make a critical decision when purchasing or selling stocks based on reality and prospects of the companies, not just on words of manipulative analysts. It was very clear to me that Apple stocks had no reason to go down the way they did.
    1. jOnGarrett's Avatar
      jOnGarrett -
      This is what apple blogs talk about just a few weeks after a product release--because there's nothing else to talk about until the next product is revealed. lol
    1. Alluziion's Avatar
      Alluziion -
      Quote Originally Posted by jOnGarrett View Post
      This is what apple blogs talk about just a few weeks after a product release--because there's nothing else to talk about until the next product is revealed. lol
      And what's wrong with that? I'm a bigger fan of Apple Inc. than it's products so I quite enjoy reading the news on stocks, court cases and other non-product related information.

      As for the topic, trading is all based on speculation... most of which becomes a self-fulfilled prophecy.