Apple Stock Hits All Time High

[Jeff Campbell]

<div class='os_post_top_link'><a href='http://www.macrumors.com/2009/10/21/apple-stock-hits-all-time-high-on-earnings-strength/' target='_blank'>http://www.macrumors.com/2009/10/21...nings-strength/</a><br /><br /></div><p><em>"Apple's stock price has hit an all-time high today, surging over 4% at the moment to top $207 per share. The peak eclipses Apple's previous high set in late December 2007. Apple's stock subsequently sank to a low of under $80 per share in late 2008 amid uncertain economic times before rebounding strongly over the past eight months."</em></p><p><img src="http://images.thoughtsmedia.com/resizer/thumbs/size/600/at/auto/1256154267.usr105634.jpg" style="border: 1px solid #d2d2bb;" /></p><p>This was yesterday, and on top of that news the crazy stock guy over at <a href="http://www.thestreet.com" target="_blank">TheStreet.com</a>, Jim Cramer, has <a href="http://www.thestreet.com/_aol/story/10614169/1/cramers-mad-money-recap-my-new-price-target-for-apple-300-update-1.html?cm_ven=AOL&amp;cm_cat=Free&amp;cm_pla=Feed&amp;cm_ite=Feed" target="_blank">predicted</a> Apple will hit $300.00 USD. He is basing it on those "words I love to hear" when Apple Executives said they cannot meet the demand for certain products, one of which is the iPhone.&nbsp;</p>

[doogald]

Oh, please, on Friday Jim Cramer was begging all of his followers to buy Apple stock on Tuesday for a different reason - he thought that the Monday financial update was going to be disappointing, thought that the stock would tank, but knew of the supply constraints, so figured that after it tanked on Tuesday, people would end up buying it long-term when the next quarter's news was better.

Well, see this: http://maddmoney.net/cramers-game-plan-buy-apple-inc-nasdaqaapl/

“Your game plan next week is to buy Apple Inc. (NASDAQ:AAPL) on weakness on Tuesday morning,” Jim Cramer said on Friday’s “Mad Money” TV show. He told viewers that Apple analysts will likely be disappointed with the company’s earnings when they report on Monday, due to a little known problem with iPhone production that might keep numbers lower-than-expected. He said the glitch was taken care of at the end of the third-quarter, which will set up Apple for a solid fourth-quarter. Cramer advised viewers to act quickly and buy Apple on Tuesday before AT&T Inc. (NYSE:T) reports on Thursday because they could follow Apple’s quarter with positive comments about the iPhone that will send Apple shares right back up. “All other data points in next week’s game plan, frankly, dwarfed by this Apple trade,” Cramer said, “and it is a trade I want you in.”


Problem? The report was positive, the stock went up like crazy on Tuesday - it would have been far better to buy on Monday, as it turns out. He's just trying to save face. He may be right, but the stock has more than doubled in a year, and to expect a $300 ceiling just as Windows 7 is being released, with WM 7 in the wings next year, more Android devices being released, is really sticking your neck out.

Why listen to this shill?

[Jeff Campbell]

That is why I called him the "crazy stock guy" as I've found his advise isn't something I would count on for where I put my money. :)