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Apple Stock price got upgraded. Your view?
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hkeze
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Join Date: Jul 2004
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Oct 2, 2009, 09:48 AM
 
UBS is upgrading Apple (NASDAQ: AAPL) to Buy from Neutral from a $265 price target (prev. $170):
Firm notes their positive view is predicated upon expectations for greater "recurring" iPhone hardware revenue (due to a growing installed base & stickiness of the App Store) which should drive more visibility into iPhone sales (20%+ of our FY10 iPhone shipments), as well as continued iPhone expansion driven by new partnerships (end of exclusivities). They also believe upward revisions to consensus ests are likely given underestimated gross margin potential.

At current price at $182, do any of the MAC lovers think it is a time to BUY?

my view is that China releasing iPhone on 4Q will be the catalyst for the stock...
     
tooki
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Oct 2, 2009, 10:26 PM
 
I think Wall Street (and Paradeplatz, in the case of UBS) bankers have no effing clue how to judge Apple, because they fundamentally do not understand what makes Apple successful.

That said, in the long run, I don't think Apple's gonna go anywhere but up.
     
phantomdragonz
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Oct 3, 2009, 06:24 PM
 
MAC.... Really???

-Zach
     
tooki
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Oct 4, 2009, 12:55 PM
 
True dat, I wouldn't be asking makeup artists for investment advice.
     
mad cow disease
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Oct 4, 2009, 01:06 PM
 
The "time to buy" was back in March when it was $80.
     
msuper69
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Oct 4, 2009, 07:12 PM
 
The time to buy was back in 2001 when it was <$20.
     
ShortcutToMoncton
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Oct 4, 2009, 07:26 PM
 
Still kicking myself for selling at $158!

At the same time, Jobs' health was making me nervous enough that I just had to cash out. Even now... one relapse, and I suspect we're back at square one....

greg
Mankind's only chance is to harness the power of stupid.
     
   
 
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