Apple Stock

[iPhone-Planet]

Anyone care to venture a guess or have inside knowledge regarding what the Apple stock might do when the phone hits the street?

I bought 100 shares a few months ago and have 4K almost in profit at this time and one person or analyst metioned a few weeks ago that he could see $130 or more per share by the end of the year.

Thanks,

Jeff

[jtlax3]

Originally Posted by iPhone-Planet

Anyone care to venture a guess or have inside knowledge regarding what the Apple stock might do when the phone hits the street?

Are you serious? somehow I don't think inside knowledge is the best thing to ask for...

[iPhone-Planet]

By inside knowledge, I meant within the investment world or what maybe the bigtime traders or investment junkies might be talking about with regards to this stock. That is all, not inside knowledge that gets people into trouble or anything of that sort. Sorry I worded it so badly!

Jeff

[jtlax3]

I thought that's what you meant, but just found it funny that you used the phrase "insider knowledge" since that is the phrase that always comes up when the SEC is investigating someone...

[iphonenut]

technically there is no such thing as inside information...

by definition inside information gives someone an unfair advantage which is illegal by the SEC.

like you said, anyone with any insider information is considered a 'market maker'...a big dog in the market. i can probably safely say that no one here has anything that we would consider inside information.

aapl stock will do one of two things based on the iphone, and it will do it to a great degree. it will either skyrocket to 130-140-150 or it will drop back down to 100.

if the iphone is a success on release (on time "late june release, lines around the block, positive user critiques, etc. etc.) then the stock will shoot up quickly. if there is any sort of bad news re: the iphone (DELAY, no demand, bad reviews) then the stock will plummet.

apple stock, at this point, is moving up and down on rumor alone...and it's moving a lot. when engadget reported that false delay, the stock lost $2.5 BILLION in market cap in 20 minutes. that was a rumor...imagine what would happen if it was actually true. when steve jobs appeared at All Things D earlier in the week and gave VERY vague information re: the iPhone the stock shot up 2,3,4 dollars. imagine what will happen when concrete information like release date, and sales #'s come out!

with that said, i think it's safe to say that the stock will go up, iphone will be a success, and if you stay long on your investment you will make a nice little profit.

[iPhone-Planet]

Thanks for the input here! I was looking for commetns, not by insiders, but by those of you who are watching the technology sector daily, those who know alot about the markets, those who maybe trade for a living or have a portfolio of their own and those who may have a share or two of Apple stock. Like I said, I completely screwed that post up with a bad choice of words.
These shares were purchased for me by a wealth investor businessman who picked a group of ten people from a forum and started a portfolio. We get to choose any stock we feel good about and keep the profits come November.
So I could be looking at 10K give or take a couple G's.

Maybe just looking for something to feel real good and confident about since this stock is rising rapidly and the phone is not released yet.

Cheers,

Jeff

[iPhone-Planet]

Actually, not looking for smething to feel good about, I already feel great about this stock. Just wanting maybe confirmation that this could turn out to be an incredible gain for me. It is down today, but I don't let these down days worry me much at all, because lately they are followed by a few big days.
115 shares were bought for around $87 somewhere around Thanksgiving or a little later. The whole portfolio is up 10K at this point. Might just try trading daily the foreign currency market with this new phone if possible while I am at work!

Jeff

[jtlax3]

man, I think I need to figure out how to get my hands on even just a few shares of apple...

[iPhone-Planet]

Just make sure you and all your friends and family and co-workers buy an iPhone so my stock keeps rising! LOl

Thanks,

Jeff

[robhon]

When I look at Apple's share price a year ago and today, the price per share has almost doubled. Although the fundamentals of the company have not done the same (revs, income, ebitda). Was the price back then depressed? I don't think so. Have Apple's income prospects since then doubled? Probably not.

Short term I think the price of Apple stock is a little high. The first hiccup that pops up could easily see Apple's stock correct by a fair bit. But I would still buy Apple for the long term (5+ years). If you're buying for the short term I'd suggest you could be buying near the top of the current market.

But I could be wrong!

Disclaimer: I do own AAPL stock.