From $327 down to $224 and back up to $315.
Below: Apple vs. the S&P 500 from Feb. 12 to May 18 (by % change):
Click to enlarge.
2 years agoApple's V-shaped recovery
4 Comments
Leave a Reply
You must be logged in to post a comment.
2 years agoBelow: Apple vs. the S&P 500 from Feb. 12 to May 18 (by % change):
Click to enlarge.
You must be logged in to post a comment.
on Why Google launched a new anti-Apple PR campaign 'Article link: https://arstechnica.com/gadgets/2021/08/a-decade-and-a-half-of-instability-the-history-of-google-messaging-apps/' on Why Google launched a new anti-Apple PR campaign 'Also, an earlier ars-technica article on: “A decade and a half of instability: The history of Google messaging apps” Sixteen…' on Why Google launched a new anti-Apple PR campaign 'Ars-technica link: https://arstechnica.com/gadgets/2022/08/new-google-site-begs-apple-for-mercy-in-messaging-war/' on Why Google launched a new anti-Apple PR campaign 'An ars-technica article on the same issue, with much more background and technical reasons why Google is trying this tactic.…'
on Why Google launched a new anti-Apple PR campaign 'So Google wants to force Apple to adopt a specification Google developed… (It’s my understanding there are real security/encryption issues…' on Premarket: Apple is green -- updated with CPI pop 'From WashPo article: At Cleveland Express Trucking, the falling price of diesel in July was a welcome change. Company president…'
on iPhone shields Foxconn 'Yup. And… There’s the PC industry and then there’s the Mac industry. WSJ ran a front pager story about the…' on Premarket: Apple is green -- updated with CPI pop 'On Yahoo! Finance: “The drop in gasoline prices has been very welcome, but that doesn’t solve the inflation problem,” Bankrate…'
on iPhone shields Foxconn 'Laptop demand & production soared due to WFA but Macs gained market share in the process. Those massive tablet orders…'
on Goldman Sachs screws up Apple Card... 'Something tells me that many of the credit issues have to do with purchases through on-line shopping where merchandise later…'
All the best to all longs!
The markets are acting weird now! Based on Chairman Powell’s exertion that we will continue to print “unlimited” amounts of money and on positive signs in developing a COVID-19 vaccine that Dr. Fauci says will not be ready at the earliest until late January next year, the markets are off to the races closing up over 900 points and Apple up over $7.00 a share.
The markets are over value now. Market watchers pretty much agree markets are over valued. There is a hurricane of ominous clouds with sputtering rain and high winds approaching the economic landscape and market participants all are having a Hurricane Watch Party out in the beach house on the cape as the approaching economic tsunami comes ashore. It is unbelievably crazy.
I don’t care how much liquidity the FED pumps into the economy through the banks that loan the funds out, banks can’t be making loans to folk and to businesses who most likely later will default. What is it about that premise am I missing?
I can’t help but believe that the markets are positioning for a sizable pullback, not to the previous March lows but sizable enough to provide another opportunity for more Apple shares at a bargain. The markets in many ways are levitating on loose sand.
I anticipate one more pullback for using my last tranche to nibble more Apple shares at bargain discounts. Then come the fall launch of new products and on into next year and early spring we will see Apple climb to $400 by April 1.
To date, Apple has recovered back to its high of January 13th, 4 months ago. The peak wasn’t hit until a month later, February 12th. Apple only has to gain another 4% to match its all-time high….