At $188, did Apple just hit bottom? [update: no]

Even with this week’s lowered targets I can only find two analysts betting that the stock goes deeper.

Below: My full list of Apple price targets, as accurate and up-to-date* as I can make it. Corrections appreciated.

apple hit bottom

*I rely on TipRanks ($) for the estimates of one analyst who shall remain nameless (long story).

See also:

UPDATE: The stock touched $185.93 before closing at $186.80.

11 Comments

  1. Fred Stein said:

    Notice that volume has picked up recently. Apple may let the market find its bottom before then intervene. Apple must keep in mind that during the next quiet period they cannot intervene.

    0
    November 14, 2018
  2. Fred Stein said:

    The market is crazy – not being cute.

    A Jan. 2020 Call at $230 costs $10 which means those who hold that call think AAPL will gain more than $55 in the next 14 months.

    0
    November 14, 2018
    • Jonny Tilney said:

      Really? What is the rewards for a $ over $55?

      0
      November 14, 2018
      • Gregg Thurman said:

        To break even AAPL has to print $240 come January expiry 2020. For a one year plus investment I think an options trader would want to double their money. Think a print of $250 minimum.

        Peak JAN 2020 volume today was the $220 Calls.

        Be interesting tomorrow to see how much of that resulting in increased open interest.

        0
        November 14, 2018
    • Richard Wanderman said:

      It wasn’t me 😉 but I did buys some today.

      1
      November 14, 2018

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