Apple on a Roll

Discussion in 'Stock Market' started by tigerbob, Jul 22, 2009.

  1. tigerbob
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    tigerbob Increasingly jaded.

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    For those of you looking for an investment opportunity, Apple has been ahead of the game for some time now and is still looking very strong.

    Since its low of just below $80 earlier this year, Apple is now trading at nearly $160, and Q3 results just reported are very strong.

    The share price is still 40 points shy of the 2 year high, and analysts are still rating it as a BUY.
     
  2. wimpy77
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    wimpy77 Member

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    can you say ipods and iphone.
     
  3. Toro
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    Toro Diamond Member

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    There is significant overhead resistance for Apple's stock in the $160 range.

    It has doubled in about six months. The market is going up on air. I think it is a risky buy here other than perhaps as a short-term trade.
     
  4. Dante
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    Dante On leave Supporting Member

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    I can't believ anyone with money to invest did not go with Apple after it fell. Can anyone say ---undervalued---?
     
  5. Paulie
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    Paulie Platinum Member

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    My guess would be the media pumping doubt into people's minds at the time, about Steve Jobs possibly not coming back due to his undisclosed health problems.
     

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