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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST
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To: slacker711 who wrote (169879)5/28/2014 11:45:20 AM
From: pyslent  Read Replies (2) of 213176
 
I'm not sure what my strategy is with my trading shares. I do think a 1 time blip to $55/ share in FY2015 is achievable, but $51 is more likely. After that, there's the risk that earnings will level off, and a PE of 12 or so around that level could be Apple's fair value. In the meantime, I expect plenty of upward momentum around the iPhone 6 share gains and new product announcements that contribute more to the "aura of innovation" than to the bottom line.
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