Apple: $420 A Share Could Have Marked The Bottom
by Bret Jensen
I almost called my optometrist on Friday when I saw Apple (AAPL) was up for the second day in a row, even in the face of a down market. This has been a rare occurrence this year for this one time market darling. The stock has dropped some 35% since its highs in mid-September. The decline has been slow drip torture for Apple shareholders. Some of the very same analysts that were raising their price targets and upgrading the stock when it was over $700 a share in September have been downgrading the stock and lowering their price targets (Of course only after the stock has fallen some $250 a share) in March when the shares are trading under $450 a share. The contrarian in me instinctively tells me that this should mean the stock could be at a major inflection point. read more »
Get Seeking Alpha notifications with our iPhone App | Android App
More on AAPL
Apple's Samsung Problem Can't Be Solved by Ashraf Eassa
Apple: Do You Hear The Crickets? by Bill Maurer
Samsung Galaxy S4: A Gift To Apple Shareholders by Money Investor
Other articles that mention AAPL
Apple: A Canary In The Stock Market Coal Mine by Eric Parnell
Will The X-Phone Kill The Android Monster? by George Kesarios
Time In, Not Timing Dividend Growth Stocks by Eli Inkrot
Why are you receiving this? You subscribed to real-time article alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following AAPL: unsubscribe from all AAPL email alerts
This type of alert isn't helpful to me: unsubscribe from article alerts on AAPL
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001
No comments:
Post a Comment