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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: HerbVic who wrote (29332)	10/12/2000 9:48:54 PM
From: donjuan_demarco	Read Replies (1) \| Respond to of 213177

You forgot about the weak Euro and tax loss selling!!! But I agree with your analysis, I don't think it will take a year to get to $31. If during earnings conference AAPL says 2001 earnings will exceed 2000 earnings, even by a SMIDGEON (that's a technical analysis term), we will see $31 by February, as you say.

To: HerbVic who wrote (29332)	10/12/2000 10:18:12 PM
From: OrionX	Respond to of 213177

HerVic, It's nice to see some "new" upgrades. But, do you really believe the crap (Yes, that's my take on it) about the price target of $31 in 12 months? Let's see, Apple has been cut by 60% in just the last 14 days and 80% from its high! A price of $31 doesn't even come close to giving Apple a "fair" price, even in today's looney markets. And, I'd also like to see someone really convince me Apple was priced to perfection at a price of $40, 50, $60 or even at $70 (with a PE just over 30 at $70) when many startups are still trading today Oct. 12 2000 10:15 pm at PE's in the stratosphere. IMHO, Greenspan pulled the trigger one time too many as he should have seen the impact of rising crude prices in slowing the economy, but most analysts take even more blame as they hyped to the stars many unworthy companies and business models and hyped down many well established cash producing companies.