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Non-Tech : Kirk's Market Thoughts

COHR 153.89

-3.4%

3:27 PM EST

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To: #Breeze who wrote (19185)	6/11/2024 8:40:51 PM
From: Kirk ©	Read Replies (2) of 26438

Wow, that is sure bullish... Kirk, here's an AAPL Wave Count Update. I've adjusted the wave count after Cycle Wave IV. Intermediate Wave (3) of Cycle Wave V is in play with a target of 283.63. Breeze and thanks for the update. I don't own it but many close to me do, I own a ton indirectly via funds, and it IS an important stock. It is almost 40% higher.... until you look at my LT log chart and see it usually has great gains following nice, long consolidations... it doesn't seem that wild other than the market cap is already $3T and that would push it well over $4T, even with buybacks. Interesting that the last consolidation was mid 2020 to mid 2021 before it soared then corrected 32% before recovering, consolidating around the old high for some SERIOUS RESISTANCE and now the breakout... so fundamentally it seems stretched but Mr. Buffett is not a fool and Apple is his largest position by far. My GUESS is it gets a higher multiple as its % of business in services continues to grow and if people REALLY want a phone that can have a conversation with them about organizing their emails and appointments... .

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