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Can the largest stock in the U.S. double yet again? SmartMoney's Jack Hough offers up (video)...

Can the largest stock in the U.S. double yet again? SmartMoney's Jack Hough offers up (video) the theory that Apple's (AAPL +0.4%) upside potential for adding smartphone and computer market share - along with its relatively tame price-to-earnings valuation - keeps its bid for a four-digit trading price a reality.
Comments (2)
  • evalenzuelaa
    , contributor
    Comment (1) | Send Message
     
    In an economic system where fragmentation of entities deliver or supply goods and services and hence concentration of opportunities and wealth, it is not a surprise that cash is concentrated in few hands and firms. Yet, to make things even worse, some of them use the easy way out in allocating their capital (cash) is easy (sterile) assets where return can be high and risk low. As it concentrates, they become even more so, until there is grid, abuse, and the appearance of a bobble that eventually will burst. This creates negative jobs and the cycle starts once again. One or two years latter, someone somewhere, find that the same assets (sterile) are cheap and that there is an opportunity to make money. I think that AAPL is a good example of how to invest in technology, innovation where NEW wealth is created and generate positive jobs. This is the start of a virtual cycle, jobs create income that can end up in savings plus consumption plus investments, etc., eventually a decision has to be made of whether to invest in new technology, innovation, creativity which can bring about change and better life style for many unless status quo, hinders it in benefit of existing economic interests like ENERGY, where fossil energy sources are threatened by clean alternatives. This is where the cycle reverse. We need an economic
    systems that fosters wealth for all through incentives the future.
    27 Feb 2012, 02:42 PM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    Well if that isn't a sign for the top!

     

    Remember the QCOM call in 2000?

     

    Sounds eerily familiar, back them QCOM was supposed to rocket to $1,000, what would that equal in today's fed induced weak dollar? $1,500? $2,000, pick a number!

     

    Apple is just as likely to hit its low as $1,000!
    Jerry
    27 Feb 2012, 02:43 PM Reply Like
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