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A 40% increase over today's closing price? And a 10% increase over Apple's highest on record? There's no market reason to believe that. Even if I had insider i
by UnoriginalGuy 11y ago
A 40% increase over today's closing price? And a 10% increase over Apple's highest on record? There's no market reason to believe that.
Even if I had insider information that Apple had a "game changing" product or device, I still think $144.42 is unlikely, and there are no rumours to suggest that.
- 0xCMP 11y agoI have no reasons to believe I know anything about the markets/apple/stocks/investing, but who would have thought the market would actually value essentially iPhones more than oil (and this was before this whole oil-supply-crisis we're in)? If sales turn out to be growth (which, as other commenters have pointed out it probably will since it's doom/gloom every year and every time) then the market will rejoice and probably drive it up to that height. Some big-investors thought it'd get to $250(!) a share. I think they were full-of-it, but the market responds in strange ways and 144 isn't too far from their height to reach if there isn't a major economic event that changes things in the meantime.
- deleted 11y ago[deleted]