Featured StocksAAPL * Apple Inc (Added 06/10/2010) * Top-Rated Company 1" 2"
$500 target? That's an insane target...it would make Apple the largest company on the entire planet!!!
Let's entertain this notion by examining $AAPL current point and figure chart parttern below. The bread is in the pudding and this chart does not lie!
As you can see it shows a bullish objective of $408. While there's a slight pullback recently, the next support is around $292. Resistance is clearly above $316. If $AAPL breaks this level, it's another insane bullish run toward $400. Other supports include $276, $264, $236. Ultimately, everyone who missed the boat would love to get back into the $AAPL game anywhere below $240.
So, what would catipult $AAPL to $400 levels? Obviously, the Verizone iphone! That's $23 billion more to apple's revenue. Other positive news in the pipeline would include the ipad 2, iphone 4G, new Mac's, new OS X operating system, new Macbooks, and who knows, another game changing product? Honestly, with $40 billion in cash, $AAPL will make a lot of investors very happy as long as they keep on innovating and releasing fresh new cool gadgets!
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What about with $51 billion in cash? That's the figure nowadays, isn't it?
Posted by: Tobias | October 21, 2010 at 03:05 PM