Apple soars to an all-time high close of $154.30

6 Comments

  1. Fred Stein said:
    Another cool feature – the lows keep getting higher. I know, it’s an odd way of looking at it.

    I counted 14 times in the last six months alone, when a down spike (all V’s no U’s) was a “point of no return”, i.e. the next low was higher.

    This confirms Joseph’s thesis that weaker hands have left the table.

    2
    September 3, 2021
    • Gregg Thurman said:
      Another cool feature – the lows keep getting higher. I know, it’s an odd way of looking at it.

      The ONLY thing I track is the intraday low. Everything else is higher.

      I predicted an intraday high of $155 on Wednesday, but missed it by 26 cents.

      1
      September 3, 2021
  2. Jerry Doyle said:
    My take: “…. With a long weekend ahead of us, it could have gone badly.”

    Yes, it could have gone badly with trepidation surrounding today’s August job numbers coming in short of expectation. I never worried as I personally see Apple as a stay-at-home AND a coming-out-play for investors. Whether the market anxiety is over a global growth slowdown in the economy due to a surge in the Delta variant or over a labor supply constraint in the economy matters little for Apple, a consumer staple company. Apple showed us last year how to navigate those troubled waters. Also, Apple’s unique, innovative and premium products are in demand. It is for this reason why I believe the job numbers today in the job’s report has more to do with a labor supply constraint where employers just can’t find the needed employees to fill job openings. I live in one of the poorest economic states and yet, there is no shortage of help wanted signs and job opening announcements, all at higher wages than I ever have seen paid in various businesses. So, I am in the camp that the economy is growing, but there isn’t a sufficient supply of workers to fill jobs, or possibly, applying to fill those jobs.

    I am very optimistic going forward about the economy and about Apple’s continued stock price growth. Conservatively, I see us heading to $175 by the Q1 earnings call late January, 2022 and $200 by the Q4 earnings call late October, 2022. My bullish projections call for $175 by 12/31/2021 and $200 by 06/30/2022. Apple is firing on all cylinders.

    5
    September 3, 2021

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