Another day, another PT hike from a long-time Apple (AAPL +0.6%) supporter. This time the source...


Another day, another PT hike from a long-time Apple (AAPL +0.6%) supporter. This time the source is Sterne Agee, which is nudging its target up to $750 just 3 weeks after its last hike. The firm says its checks indicate demand for the new iPad remains very healthy, in spite of fears to the contrary, and that the discounted iPad 2 is also selling well. Apple reports FQ2 earnings on April 24.

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Comments (3)
  • what do I know
    , contributor
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    So far I have seen price targets of $750, 800, 900 and 1001. Somehow I like the $750 target. I have tried to use the buy and hold thesis and it has been difficult at certain times, sold some and selected some other names which proved to be source of my loss and also option holding which was sometimes profitable and sometime source of loss. It has been difficult to ride the tide from the level of 2000 or before.
    11 Apr 2012, 10:26 AM Reply Like
  • Onegrndude
    , contributor
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    "Don't fight the tape" ---- investing 101
    11 Apr 2012, 10:30 AM Reply Like
  • Vertical Spread
    , contributor
    Comments (583) | Send Message
     
    Compare the multiple of AAPL with one like AA or countless others. It is still cheap, cheap, cheap. Many companies with very limited potential for growth in this economy are trading higher than an 18 P/E.
    11 Apr 2012, 02:25 PM Reply Like
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