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. |
