Investor in the Wilderness - Latest Comments in Has Apple and the Markets Hit Bottom?

Re: Has Apple and the Markets Hit Bottom?

Jack — Mon, 13 Oct 2008 23:15:14 -0000

I think Apple will announe iPhone numbers tommorow during their special event. In the short term I see Apple hitting $120 and hopefully $130-135 by earnings next week. Investors are taking advantage of these oversold conditions. Just my take on what will transpire.

Re: Has Apple and the Markets Hit Bottom?

zach_bass — Mon, 13 Oct 2008 17:36:43 -0000

Yes, an excellent day. And excellent evidence that the bottom is in. After such a strong up day, and closing at or near the high, it is highly probable that the following day will be positive as well.

Now AAPL has strong price resistance at 115 from September 30, and a gap-down from September 29 at 120, so watch 115 and 120 as strong resistance as AAPL attempts to advance further.

Re: Has Apple and the Markets Hit Bottom?

tim1234 — Mon, 13 Oct 2008 15:26:06 -0000

The last I heard was 9 to 1 on the adv/dec line.

Re: Has Apple and the Markets Hit Bottom?

zach_bass — Mon, 13 Oct 2008 12:46:41 -0000

I'm not saying that AAPL will hit these levels. I'm merely pointing out that these are what I would consider the absolute bottom levels of this bear market. Now, it may be possible for the Dow to hit this without the S&P or AAPL hitting their respective bottoms.

Re: Has Apple and the Markets Hit Bottom?

mao shaowei — Mon, 13 Oct 2008 12:31:50 -0000

do you really think apple will hit 50? This really scare me given that apple has $26 in cash per share.