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Sat, Nov 07, 2009 - 08:12 PM EST  —  AAPL: 194.34 (+0.3099, +0.16%)  |  NASDAQ: 2112.44 (+7.12, +0.34%)

Bear Stearns reiterates Apple ‘outperform’ rating, raises target to $70; AAPL hits new all-time high
Wednesday, November 16, 2005 - 09:46 AM EST

Bear Stearns analyst Andrew Neff has reiterated his 'outperform' rating on Apple Computer and raised the share price target to $70.

Apple was up $1.59, or 2.55%, to a new all-time high of $63.87 in early NASDAQ trading. Apple's previous all-time high was $63.08 set on 11/15/2005.

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Nov 16, 05 - 09:58 am Comment from: jostiman

LOL Riding the wave with all of you! Earned some 2000 euros these last few months. Go Apple go

Nov 16, 05 - 10:11 am Comment from: me

Remember October 11th when Apple announced their best quarter ever and the stock plunged 10% to like $48 and then in after hours went even lower? Remember how the NEXT DAY Apple announced the iPod Video and $1.99 video on iTunes and the stock shot back up?

The market doesn't know what to do with AAPL. I Do - "Accumulate"

MDN word: west

Nov 16, 05 - 10:30 am Comment from: big 1

I've ridden a thousand shares up from $13. Thank you Jesus.

Nov 16, 05 - 10:38 am Comment from: Charlie

I know what to do. I just sold all my shares at 63.99 but I may get back when it drops below $60.00. Hedge your bets now! What goes up comes down.

Nov 16, 05 - 10:59 am Comment from: nopp via iPodDailyNews

I tried my dad to persue a lot of shares in dec 2003 to buy at $ 9,80... Tried to make a point then that there was no risk with that price compared to cash & iPod... Kind of funny after 2 years...

Nov 16, 05 - 11:15 am Comment from: Sizewell

Thanks Charlie... I think I just bought your shares for $63.99

I think I'm already ahead on the deal, but we'll have to wait and see.... I'm pretty happy with the way my future is looking though. wink

Nov 16, 05 - 11:18 am Comment from: me

nopp - Nice try but we see THROUGH it. AAPL never traded below $19.00 in Dec. of 2003. Oh, were you looking at some split adjusted intra-day price so you could impress us with your investing Skilz? Looks like it didn't take.

Nov 16, 05 - 11:22 am Comment from: Jeff

I bought a bunch of them at $14 a few years ago.
Looks like I might be able to retire a lot sooner.
Thanks Steve.

Nov 16, 05 - 11:27 am Comment from: Macaday

What will make Apple skyrocket will be Intel chipped computers that take on allcomers the same way the iPod took on its rivals.

We said $200 within 2 years before the split ie $100 after the share split.

I'll stick with that forecast.

2006 is gonna be a good year.. if Apple and me see it in together...

Nov 17, 05 - 04:30 am Comment from: David via iPodDailyNews

I bought into Apple many years ago, allowing for the three splits, at around $1.50

Nov 17, 05 - 08:52 am Comment from: nopp via iPodDailyNews

to me:

no, that price of $ 9,80 is ofcourse split-adjusted, it was then $ 19,60 before the split, but it would have given 663% profit since... The reason why I thought it was safe then is that the stock traded betweeen $ 18,- after announcement of iTunes Music Store in april and $ 25,- some time later, so at that time $ 19,60 in dec 2003 was a safe bet, because it would return to $ 25,- anyway... (that is split-adjusted $ 12,50...) Haven't done though...

Nov 17, 05 - 08:53 am Comment from: nopp via iPodDailyNews

graph:
http://finance.yahoo.com/q/bc?t=2y&s=AAPL&l=on&z=m&q=l&c;=

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