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View Full Version : Can You See Apple Under $60?


MacBytes
Nov 22, 2008, 07:45 AM
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Category: Opinion/Interviews
Link: Can You See Apple Under $60? (http://www.macbytes.com/link.php?sid=20081122084513)
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Posted on MacBytes.com (http://www.macbytes.com)
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stagi
Nov 22, 2008, 09:33 AM
Unfortunately I can, if Christmas sales are low like people are predicting in retail they could hit some big lows in Jan.

yetanotherdave
Nov 22, 2008, 10:01 AM
If it does I'll probably buy as many as I can. wait a year or two, and I have an apple funded new apple laptop :D

Sun Baked
Nov 22, 2008, 10:12 AM
Getting caught up in the market troubles, not due to the bubble bursting or the rocket ride blowing up -- at least not yet.

Don't know who will take over for the big funds, which might be a problem, and slow a rise back up.

Still great fundamentals, in a rocky market.

Aea
Nov 22, 2008, 03:46 PM
Can see it happening easily. Even with the major collapse in the market I think AAPL is quite overpriced, in terms of both Mkt Cap to Equity and P/E Ratio, most technology companies tend to have this advantage though, so realistically it's in the middle of the pack. The real question is whether there will be a psychological collapse when people realize that they've greatly overvalued AAPL.

mknawabi
Nov 22, 2008, 03:48 PM
With the way the company is going right now, I wouldn't be surprised. They have flopped quite a bit recently, relative to where they would bring out new products and everyone would be completely shocked.

RoboCop1
Nov 22, 2008, 04:12 PM
I really hope not. I bought at $88. Hopefully It could go back to the $200 that it was at.:(

nagromme
Nov 22, 2008, 04:25 PM
With the way the company is going right now, I wouldn't be surprised. They have flopped quite a bit recently, relative to where they would bring out new products and everyone would be completely shocked.

And people have been saying exactly that about Apple since the 1970s ;) Apple's products are always "worse than they used to be"... which no doubt explains how we got to the current amazing lineup :p

mknawabi
Nov 22, 2008, 04:46 PM
And people have been saying exactly that about Apple since the 1970s ;) Apple's products are always "worse than they used to be"... which no doubt explains how we got to the current amazing lineup :p

Not so sure about that. There was a hiigh steep climb in the earlier 2000s. Now, after every keynote, I am not surprised to see stocks fall lower. This wasn't the case when they made the switch to intel and whatnot.

Eric5h5
Nov 23, 2008, 03:53 PM
That's not correct--Apple's doing better now by far than in the early 2000s.

--Eric

Phil A.
Nov 23, 2008, 04:04 PM
Not so sure about that. There was a hiigh steep climb in the earlier 2000s. Now, after every keynote, I am not surprised to see stocks fall lower. This wasn't the case when they made the switch to intel and whatnot.

10 years ago, Apple were trading just over 2 dollars. Even with the recent steep drop in share prices, you are still looking at almost a 4,000% increase in share value over the 10 years, which is a phenomenal performance
Of course, if you'd bought at 2 dollars and sold at 200, you'd have made even more money, but that's the way of the market...

bbyrdhouse
Nov 23, 2008, 05:14 PM
I can see Apple stock hitting $40 or even a tad lower (high $30's) ...

What baffles me is that Google was sitting on $600 a share 7, 8 months ago and now sits on $262+ ...