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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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
I’ve ridden a thousand shares up from $13. Thank you Jesus.
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.
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…
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.
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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.
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.
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…
I bought into Apple many years ago, allowing for the three splits, at around $1.50
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…
graph:
http://finance.yahoo.com/q/bc?t=2y&s=AAPL&l=on&z=m&q=l&c=