aapl
fire starter
Posts: 267
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Post by aapl on May 21, 2024 3:09:06 GMT -8
Apple was down earlier but is now up in the premarkets: 191.39 +$0.35 (+0.18%)
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on May 21, 2024 5:03:11 GMT -8
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Post by archibaldtuttle on May 21, 2024 7:42:43 GMT -8
Sentiment has definitely changed ahead of WWDC. But a word of warning, RSI is now in clearly overbought territory. Pullback expected soonish…
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Post by hyci004 on May 21, 2024 15:30:58 GMT -8
I could see $225 after WWDC.
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Post by benoir on May 21, 2024 17:52:56 GMT -8
I could see $225 after WWDC. It will surely happen (so long as Apple stays being Apple). The question is when? The day after, or a year after? I guest depends on what is announced/read between the lines? A quick eyeball of PE's.... AAPL 29.6 GOOGL 27 META 27 MSFT 36.9 NTFX 44.4 (just threw that one in...) AMZN 51.3 NVDA 80 AAPL at $225 would mean a PE 1 of 34.6ish... which is totally within the bounds of reasonable. But to get there sustainably we need a steady rise on the back of steady positive news out of the big donut, followed by a positive move in EPS. Footnotes 1. I know there is the Gregg Thurman school of metrics but it's still a metric.
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Post by hyci004 on May 21, 2024 18:11:32 GMT -8
$225 right after the WWDC keynote on Monday.
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Post by benoir on May 21, 2024 18:31:08 GMT -8
$225 right after the WWDC keynote on Monday. I'm good with that
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on May 21, 2024 21:24:38 GMT -8
Sentiment has definitely changed ahead of WWDC. But a word of warning, RSI is now in clearly overbought territory. Pullback expected soonish… There are times that it just pauses a little and keeps on going, or where 80 or even higher is closer to the limit. There is at least some hope built in to this next 2 weeks, that things will hold out and then that there will be unexpectedly positive news. But there are times that things have been built up a little too much, and some pre-event deflation happens. Thanks for the reminder to watch for pullbacks if thinking about the shorter term. While I am mostly looking long term, just like in December I wouldn't mind lightening up 2-5% of my shares at a decent price, especially since I picked up a few more a month or so ago. It's not a complete risk-on/risk-off, but rather trying to be mindful of the moves AAPL makes, while potentially shrinking the amount that I am paying interest on.
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