It looks more like 279 - 281
Depending on the near term time frame.
This will be 7th time that its his this line since 1982.
Back in 2012 it went over the line 2 times for a couple of weeks then went back below and corrected pretty hard.
My thesis is each time that we hit the line Apple has massive corrections shortly thereafter.
Will this time be any...
277 - 279 give or take.
I think that will be it for this company in this current cycle.
Sales are dropping year over year.
They are buying back there own shares that's not innovative.
The downside risk is a lot greater then the upside risk at this point.
It might overshoot the line by a couple of dollars but I wouldn't count on it.
All thoughts are welcome.
I think it's about 277 - 279
It's possible that we overshoot those numbers by a couple of dollar's but I wouldn't count on it!
This on the log scale
I'm not sure if we make it there but anyway you look at it the upside is just a few dollars.
The downside is several dollars!
With declining revenue and there sky high priced phones I think there's sales trend will...
These should act as a speed limit barrier to this recent crazy rally that we are experiencing
In the event it briefly goes over these lines i would just consider them Throw overs!
All thoughts and ideas are welcome
I don't think there will to much upside here left.
Maybe 30 - 100 to the upside at best!
Looking at the fundamentals of this company it's currently priced in for at least the next 4 years of earning!
AKA before it even has a P/E of 25 - 30
Even then I wouldn't touch this.
Dead money for time to come.
Growth is already priced in for a long time.