Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Jun 4, 2020 2:25:50 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Jun 4, 2020 2:35:07 GMT -8
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Jun 4, 2020 3:21:50 GMT -8
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4aapl
Moderator
Posts: 3,630
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Post by 4aapl on Jun 4, 2020 7:03:00 GMT -8
All that positiveness, and yet a bump in price target of less than 5%? There are a lot of unknowns. I don't think most, 1-3 months ago, would imagine AAPL nearly at it's ATH right now. This helps show her feeling on it, basically that this ground is unsteady, and thus using a little more safety in a 1 year target, since her and other paid analyst targets tend to not look at the very best that could possibly happen, but rather what is decently probable for happening. Maybe that's not the median of her guesses, but it's probably in the 50-75% probability range. I'd like to see annual targets 10+% out there, but with multiple levels of uncertainty, it makes sense to be cautious, put out a number, and then raise it if things look to be improving or at least minimizing the wall of worry items. Options prices on AAPL are faltering just a little. As overjubulence fades, and RSI flattens, prices come down at least a tiny bit. The question is if there will be another push up, due to iPhone SE sales and purchasing in China, or if there will be a bit of regrouping and digging in. Very long term neither matter much, but often people watch the waves at the ocean more than the tide.
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