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

To: Moonray who wrote (154833)	6/5/2013 8:46:01 AM
From: Ryan Bartholomew	Read Replies (6) \| Respond to of 213182

First revered and then reviled, shares of Apple have farther to climb and could handily reach $500, DoubleLine CEO Jeffrey Gundlach said Tuesday."Apple seems to be forming a base to me. I mean, it certainly moved down in a way that was frustrating for investors that were long, and it seems to have a hard time rallying above $450, but I think it's going to," he said. Gotta love investors who rely upon magic and superstition. "Forming a base"? C'mon. Stock prices move based upon average sentiment of future earnings (driven by the interaction of supply and demand). No investment "forms a base" if earnings expectations continue to fall. The question is how will Apple profit $40/share in FY13 and $44 in FY14 (current analyst expectations). Seems as crazy as discussing "a base" to me, but maybe someone can explain how those numbers will be met (details of margins * sales). Seems to me that $400 is much more likely than $50 unless profit outlook changes drastically. News such as the iPhone 4 and iPad 2 & 3 from AT&T being banned for import in the US for infringing upon Samsung patents surely doesn't help the cause.