Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: 16yearcycle who wrote (170438)	6/4/2014 4:45:38 PM
From: Moonray	1 Recommendation Recommended By david1951 Read Replies (2) \| Respond to of 213172

Pedaling uphill on a 16yearcycle, I ALSO believe a one-year target of $800 is reasonable. However, I get there slightly differently. The 2015 AAPL earnings are currently suggested to be around $48. I believe that over the next year the analysts will increase this to earnings of $50/share. The CURRENT PER for AAPL is 15+. If one uses 15 times $50, you get a price of $750 for AAPL. With overshoot (overbought) and 7:1 split (the public buying), you would reasonably get to $800. As to your second question, the purpose of P&F charting is to take the TIME element OUT of charting. So no, there is no time frame for that 785 target. In fact, were AAPL to have a 20% correction (starting now), you would see the Bullish Price Objective change to a Bearish Price Objective quite rapidly. The price targets are set when a stock turns up or down and are dependent on how far the price reach before retracing. As I have said before, I use P&F charting mainly to spot support and resistance prices. o~~~ O