nixtr

Can You See Apple Under $60?

There is about 400 billion in sidelines money, waiting for stupid people to let stocks like apple drop to absurdly low levels. Don't let them take your shares from you at 78 bucks. You will feel the burn in your backside for years afterwards if you do.

Can You See Apple Under $60?

Apple will make 6 bucks a share this year. Their cash is worth 28 bucks a share. A sixty handle would mean that they would make 6 bucks on 32 dollars of valuation, with 25% growth.

That is insane. If that happens, I will eat my mac. Even 80 is insane, but this market is all fear right now.

hard to believe there are so many fearful amateurs out there and no experienced investors. Buy it NOW while the panic runs red in the streets. It will double as soon as the idiots are back in gold or cash in their silly portfolios.

Round 3 of the Recession: Main Street

Also, a quick check of BBY on the S & P stock list has it rated 5 stars and projected to hit 55 in 12 months. I guess they will derate it after it has sunk to 10 bucks or so. Let's hear it for adroit analyst timing.

But your projections make sense, however bleak they may be.

Round 3 of the Recession: Main Street

I agree that left alone, F and GM would have a tough go of it through the next 4 quarters, but will they be left to hang from the trees of Detroit? Or will we have more socialism ride in wearing a white hat?