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Can You See Apple Under $60?

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Nov 22, 2008.

  1. macrumors bot

    #1
  2. macrumors 65816

    stagi

    #2
    Unfortunately I can, if Christmas sales are low like people are predicting in retail they could hit some big lows in Jan.
     
  3. macrumors 68000

    yetanotherdave

    #3
    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
     
  4. macrumors G5

    Sun Baked

    #4
    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.
     
  5. Aea
    macrumors 6502a

    Aea

    #5
    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.
     
  6. macrumors 6502

    mknawabi

    #6
    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.
     
  7. macrumors newbie

    RoboCop1

    #7
    I really hope not. I bought at $88. Hopefully It could go back to the $200 that it was at.:(
     
  8. macrumors G5

    nagromme

    #8
    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
     
  9. macrumors 6502

    mknawabi

    #9
    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. macrumors 68020

    #10
    That's not correct--Apple's doing better now by far than in the early 2000s.

    --Eric
     
  11. macrumors 68040

    Phil A.

    #11
    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...
     
  12. macrumors 6502

    bbyrdhouse

    #12
    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+ ...
     

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