Projections
For the record, when Apple was at $13 in July, I called bottom. From there on the stock crawled up to $19 per share, and culminating at $29 per share.
At that point I said it would go back to $17 by October, here we are.
When it went down past $17 I said it will move back to $17 and hold there, and today it posted a 3% gain back over 17 in the middle of a market crash.
I also said that Apple would go on posting small losses for the next few quarters (excluding one time charges). Apple just posted a 27 million loss.
I called for a 200 million loss for this quarter, *including* one time charges, and Apple once more came through with 161 Million in losses.
Here are my new predictions:
Next quarter will see a loss around $50 million dollars (unless they decide to write down their entire PowerPC inventory, in which case the write down would be around $150 million).
The stock price will hang around $17 if Jobs becomes CEO, otherwise it will loose a buck or two on the announcement that he's not a candidate.
Unless the Oracle merger goes through, the stock then will move sideways for a while and then fall further after next quarter results to 15.
The chances of the oracle/apple deal are around 50-50.... |
