Monday, 19 May 2014

AAPL - holding the $600s

Whilst the main market saw moderate gains, Apple (AAPL) was especially strong, closing with net gains of 1.2% @ $604, the highest level since October 2012. Near term outlook is bullish, with comfortable upside to the 615/25 zone by mid June.

AAPL, daily


Little to add from a recent post.

AAPL is just a few weeks away from a 7 for 1 stock split...and once the price is lower, we'll probably see some extra demand, for purely 'oh look, its cheaper now' psychological reasons.

An obvious target, post split, with be the $100 level... equiv' to $700.

However, unless the main market proceeds to sp'2000...and beyond, I can't see $100 this side of the summer..but more likely, in late 2014..or spring 2015.

Relative to the main market..AAPL is grossly mispriced.