Apple to Release Q3 2009 Financial Results on July 21st

[smileyborg]

Today's move was likely due to an upgrade by Goldman Sachs as well as its usual rise as earnings approach. If past history is any indication, it is likely APPL will give back quite a bit next week only to rise again a week or two later, mostly due to Apple's ridiculous low future forecasts. . Definitely not for the faint of heart.

Interesting, as I mentioned this is my first time dealing with AAPL. Do you think then that I should jump ship late Tuesday (before the report), as you think there will be a drop Wednesday? Or will it pay off better to hold it for a few more weeks? I'm not looking to hold the stock for more than a month...figured it would be fun to just pick up 10-15% over a week or two.

Update: I looked back at April 22, 2009 when Apple's Q2 results were released. Google shows the stock slowly ramping up to the 22nd, and then a fairly large jump the next day...that's the pattern I'm expecting this time around except even more so, due to the reported sales estimates and knowing the inventory shortages that have been going around. Plus the app store...everything is growing exponentially. So I figure I'll stick to my original plan of holding until this Wednesday, then seeing what happens.

 

[Mr.Gadget]

I read a rumor today that Apple dropped to 5th place....

Rumor has it that Apple sales have slowed so much they are now in 5th place.
Sales are definitely lower for Apple. They need to lower prices and smash the competition

 

[Genghis Khan]

everyone is just throwing an opinion in about what stocks will do...with no evidence to back it up...and saying that apple stock will go up or down, not what it's actually worth.........

reminds me of the story that before the great depression, everyone on the street had an opinion on the stock market

and you wonder why the economy has collapsed...

 

[Jeffacme]

Apples to Apples on 10% this week

My take on AAPL is that until it starts making bad products the stock is worth owning as an investment. There are regular pullbacks so buying up is not something I would do. Goldman is currently overweight on AAPL with a target price of $167.50 I think the stock goes even higher based on the Iphone, new laptops and quality of Apple products and user experience.

 

[Mr.Gadget]

My take on AAPL is that until it starts making bad products the stock is worth owning as an investment.

Excellent point!

 

[MacLover4491]

My take on AAPL is that until it starts making bad products the stock is worth owning as an investment. There are regular pullbacks so buying up is not something I would do. Goldman is currently overweight on AAPL with a target price of $167.50 I think the stock goes even higher based on the Iphone, new laptops and quality of Apple products and user experience.

my point is sales have been down for apple. They dont lower prices on all of the Macs and iPhones for no reason. If it doesnt go up, then it will go down. Sell it.

 

[Jeffacme]

Sell It

MacLover,

I have been in and out of APPL several times in the last few years. Most recently got back in 1.20.09 at $78.80 so I think I will hang in there for the moment. APPL is leading the techs out of the recession and with the huge upside for smart phones, the iphone being the best in my opinion, I just do not believe the run is over. Yes APPL can be a roller coaster ride, and it's guidance is always low, but the street just doesn't get APPL and it's customers do.

Would I buy today? No! There will be a pullback and most likely this week.