The Macalope Daily: Limbo, limbo!
Posted 20 December 2012 - 09:46 AM
That's not to say that such analysts do not occasionally provide some comment. But normally they play their cards a lot closer to the vest. If an analyst truly believed APPL would fall to $270 a share he could become a billionaire with relatively minimal investment by backing that opinion if and when such an event became true.
With Apple holding $120 per share in cash and growing, $270 a share seems like a stretch.
Posted 20 December 2012 - 11:40 AM
Since even $500 is too cheap for a company like Apple, it means we're dealing with something irrational to begin with.
$270 per share for Apple is only slightly more irrational than $500 per share. In that kind of light, that analyst doesn't sound TOO irrational, just slightly so.
Posted 20 December 2012 - 12:45 PM
Being charitable, I'd give the guy points if the last year's prediction was $270 per share in 24 months.
Posted 20 December 2012 - 12:46 PM
If investors have gotten emotional about APPL and the price has exceeded the real value of the stock, a correction is only good for buyers. The idea that $270 is where the stock will finally land is silly. If only APPL would go to $270. I would put every penny I could scrape together in it and double my money in a year.
Posted 23 December 2012 - 06:00 AM