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Here Is Who Said AAPL Would Hit $1000 Any... Minute... Now
How much changes in six months. Last September, everyone, including the hotdog vendor, the shoeshine boy and the kitchen sink, was screaming that AAPL $1000 is just around the corner, and cartoon analysts named for state capitals were coming up with idiotic price targets (hint: $1111) that only intellectually-stunted dyslexics could love. Six months later, the former growth company (and now levered-divdend value play) can barely break above $300. So, just to set the record straight, here, courtesy of marketsqueeze.com, is a small sample of the penguins who could barely outscream each other on the way to a "certain" $1 trillion market cap. Ooops.
- Andy Zaky: “Apple will reach $1,000 in late December or early January 2014?; His Apple hedge fund – yes he only bought Apple shares for his fund - lost millions.
- James Altucher: “Apple is definitely undervalued. It could easily find its way to $1,000.”
- Gene Munster: “Now Munster is upping the ante, calling for Apple to reach $1,000 a share by 2014 and become the first U.S. company worth $1 trillion.”
- Steve Wozniak: “People talk about $1000 stock price. At first you want to doubt it, but I actually believe that, and I don’t follow stock markets. Apple has that much growth left.”
- Jim Cramer: “Thinking of Apple as a $1,000 stock is not “irrationally exuberant” as some have claimed, but likely a foregone conclusion.”
- Shebly Seyrafi of FBN Securities: “AAPL continues to be a strong new product story,” the analyst writes. “It has the iPhone 5 shipping soon, it is expected to have a new iPad mini shipping in FY Q1, China Mobile is a large opportunity for AAPL starting next year and the iTV is generally expected to be launched over the next year or so
- Brian White of Topeka Capital: “Driven by an ever expanding portfolio of innovative products, a growing integrated digital grid, unmatched aesthetics and a brand that is able to touch the soul of consumers of all backgrounds, Apple fever is spreading like a wildfire around the world and we see no end in sight to this trend.”
Sadly, and confirming that practically every so-called fiat pundit out there is nothing but a fancy suit-dressed momentum chaser (compare that to those who buy physical gold with conviction precisely when the price drops) it is now that the buy calls should be coming, not six months ago when the stock was at its all time highs.
But naturally, there is comfort only in clueless numbers, and as is well-known, the value added of finance "experts" when it comes to actually predicting the future, is at best zero.
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Was a fanatic for i-phone. last one i bought was gen 4. Must be many more like me!
And next up, a list of those who said gold would be over $2000 right now...
Wont see that on ZH!
It sounds like the true lemmings are the momentum-chasing-pundit assholes.
Looks like a list of Jewish Car Salesmen.
Btw, how could someone who own just Apples call themselves a Hedge Fund...thats just too fruity!
i remember them telling me quallcom? was a 1000.00 stock...i guess they are back to that part of the procedure manual...
Who the fuck are the LPs that are giving these guys money?
Will they ever have a job again? All eggs in one basket? WTF?
Actually I recall that Jim Cramer also recommended gold somewhere near the top. It promptly went down and ZH then described him as a "top-ticking Swiss watch".
C'mon guys, we can't fault the Woz for being optimistic about his brain child. And we can't fault Jim Cramer for being wrong, that's what he does best.
Happy to put together a list of those who said to buy gold at ~$800 and silver in the single digits.
How much changes in six months. Last September, everyone, including the hotdog vendor, the shoeshine boy and the kitchen sink, was screaming that Gold $2000 is just around the corner, and cartoon analysts were coming up with idiotic price targets (hint: $3200) that only intellectually-stunted dyslexics could love. Six months later, the former red hot commodity (and now slightly de-levered safe haven ) can barely break above $1400.
How about some of those cartoon analysts?
AAPL started 2012 at $400, now its there again. And gold? Oh yea..
Oh, so tough guy appears to offer the opposite?
I'll supply what he wont: Pento, Sinclair, Shiff, Davies, any KWN Guest!
Just seems pretty hypocritical to complain about sell-side guys on AAPL when there's a lot of that to go around.
Agreed - nobody called the gold "correction," most people had a linear-growth assumption (which may return).
It's ALWAYS just a guess based upon empirical data, personal beliefs and biases, and unknown market forces.
If you got it right... good for you. Unless you're the force behind it. Then you're just part of the scam that isn't really taking any risk. You're fixing the game.
see: www.armstrongeconomics.com
See, this why I like this blog. You can learn something.
Thanks for the direction. See if it's any good.
Expecting someone to call an arbitrary, politically-driven event is unrealistic.
For example, I personally through the stock markets would crash again after hitting 10k or so. That call was based on not anticipating an unprecedentedly loose monetary policy and explicit support of equities by monetary authorities.
Who could have known, before it happened, that the Fed would embark on such a reckless path?
Likewise, with the recent move in the gold price, who other than those engaging in the manipulation could have accurately called the timing on the manipulation event?
"At first you want to doubt it, but I actually believe that, and I don’t follow stock markets. Apple has that much growth left.”
Wozniak, Debating Society Champion
No Jimmybob, one is an equity at so called market value the other a CB manipulated currency ..you fell for it as obviously unable to see the wood for the trees
I learned long ago to never listen to anyone's ideas on what stawks/bonds etc were worth "investing" in. Peter Lynch was right: Never invest in a business that you don't understand. Here's what I understand: Govts around the world are busy making trading stamps in the trillions (Zimbabwe, move on over!), so there's NO paper "investment" worth anything (or at least pretty soon, that's gonna be the case!) Au/Ag/Pt/Pd/Rh, get you some!
Ill bet you own shares of Apple and are mad because you wish you would have spent that money on gold, right?
I sold my appl stock once it crossed $500. No regrets.
I sold at $438. I was satisfied. Hogs get slaughtered. Fuck You Bernanke
AAPL to Au is apples to oranges.
Physical gold?
And hurry, it is about to run out.
Then again, some prefer the paper promise of "delivery"
Thanks for stepping in on a few of these trolls.
"Product Limit 20,000"
I'll get right on that...
Well when you consider that 10% of the population have the financial wherewithal to purchase an AGE...and 1% of them are awake enough to want to...that's a pool of 300,000 customers.
When you consider further that maybe 30,000 of that group each have the financial wherewithal to afford, oh, maybe a few thousand AGEs if they wanted to buy them...
SHIT JUST GOT REAL, YO.
Gold premiums aren't that bad where you can still find it. The real issue is the record level physical outflows from the COMEX which is independent of the fact that it is silver premiums which are through the roof due to all the Joe Sixpacks buying up the junk silver and silver eagles.
Anyone have a clue on premium for Canuck Bux? I have 1500 of the things BU 1965-1967 800 fine--0.600 Troy oz Ag content.
run out?
don't think so
premiums, on the other hand...
may see 3 digit percentages soon
HOLD FAST!
20% premium....mmmm ya
Just curious, when is the last time that a holder of gold futures who chose to take delivery on his contracts did not receive the gold? Please provide a link documenting the most recent failure to deliver.
On terms other than reasonable and normal terms?
Germany.
Man, so that fancy case is worth around $300. I'll just stick to Pamp-Suisse 1Toz bars, then.
"Proof" means a limited mintage collector's version... The US Mint and therefore the US treason department profits from the big premium.
Forget what pundits said what and when - I want to see each side of the trading ticket for the last 2 years on large paper gold trades.
AAPL? Not so much.
It's okay, I'm sure you're happy to keep buying equities and I'm happy to keep stacking.
Didn't Reggie want to short it at $250?
But I give him credit for sticking with his thesis. He was right, just at a much, much higher price.
No one knows the value of physical gold, only paper gold. Perhaps physical gold is worth $2000
Cramer is on the list????? Shocking...........
You mean this Cramer?
http://www.youtube.com/watch?v=C-e6M6TDZQk
Lemme know when it's time to execute Order 66!
I flat-out refuse to do business with any company that I know is using slave labor.
People who listen to Jim Cramer deserve to lose their money.
anyone who can tolerate 5 minutes of this assweasel Cramer deserves to be buttfucked
Laughed. Out. Loud.
It will get to $1,000. Of course, a cup of coffee (non Starbucks) might be $10.
My parents are aware that I have a sizable investment in PMs but are concerned 1. They don't know how many of my fiat dollars were converted into PMs 2. I have had a few boating accidents lately and they think the PMs might have gone down with the ship
So last night my dad calls me:
Dad: "I am worried about you after the big drop in Gold & Silver last week. What did you do?"
Me: "I backed up the fucking truck and bought as much as I could."
you curse to your dad??? crazy.
Same story here. Parents know I transmute paper into PMs as soon as I get payed. Dad's always been worried about a huge price drop. Comes to me last week:
- Did you hear? I'ts just been reported that gold and silver plunged. What are you going to do?
- I'm gonna get me shitloads more Dad. And since you bring it up, you should too.
And he did. He finally did.
These people should be lampooned and heckled any time they are in public for the rest of their lives. Whenever they are interviewed on TV, the caption below their name should read "He who called for AAPL to reach $1,000"
They should live in perpetual shame
But that would interfere with CNB$ and Boom-burg parading these ass-hats out like the fucking Oracles of Delphi every time they need some usual suspects to pimp this broke-dick system.
PRICE PROPOGANDA IS 'GO TO' WALL STREET/FED RESERVE STRATEGY BEING USED TODAY.
A HIGHER PRICE MEANS IS BETTER 'ER' BEST. AND A HIGHER HIGHER PRICE MEANS IT IS BEST.
PHYSICAL GOLD DEMAND [versus paper gold] IS SHOWING THAT PRICE PROPOGANDA HAS ITS REACHED IT SHEEPLE LIMITS.
NEXT ON TAP = PRICE 'UN' PROPOGANDA. THE SHOCK AND AWE OF MARKET COLLAPSE.
I suggest that YOU invest in a keyboard with a working capslock key.
i-Believe, is generally the first few words out of a cult members mouth...
Apple's PE was 15 at $700 per share. Many of the stocks no one cares about have PE's in the 30-40's (PHM, HD, LOW). So why is APPL so much more of a bubble than those stocks? If they did a 10:1 split and it was $70 a share then would they have not been a bubble since they would have been ONLY $70?
They were a bubble because everyone and their monkey thought they were uber-cool to show off the latest i-Crap they just paid top dollar for. The bubble burst when the monkeys started to realize that the i-Crap wasn't really any different or better than anyone else's crap, and that most of it was crap they really didn't need after all.
I always said I wasn't cool enough to own Apple products, glad now that I wasn't.
Dude, learn finance will ya? A 10:1 split would've had them at $7,000 not $70. A 1:10 split, however,.............See Citibank......
I think a 10:1 split gives you same market cap with 10x the number of shares at 1/10 the original price
The amount of stock outstanding doesn't change the fact that Apple had a market cap larger than all of retail combined.
Because they are in a business where each product model becomes obsolete every 12 months, and entire product families lose most of their profitability within 5 years.
Remember the iPod? Yeah, me neither. Where's the new product family that's supposed to replace the iPad's falling margins?? It's at least 6 months late, and all we have are rumors of an Apple Watch.
awwright, just WHAT would an iWatch do that this bad boy doesn't do: S&W Tactical Watch?
Backward looking PE doesn't mean anything when you are in an earnings bubble.
$ 1000 calls should be quite cheap now. Don´t miss out on the opportunity of your lifetime - if you believe those suckers.
If AMZN overtakes AAPL in share price, I will laugh pretty hard. I mean, sure, AAPL is overvalued, but Amazon is running at a loss and making up the difference with volume.
Apple without Jobs. We've seen this movie before.
Apple without Jobs is just like America without jobs. Both are limping along like complete shit, but that doesn't stop the analysts from trying to talk them up as better than they actually are.
Fucking brilliant! +100
You know this country is a fucking socialist hellhole when it stops producing people like Edison, Ford, and Jobs. Jobs was the last one we'll see in our lifetimes.
The problem started back in the early 20th century when the work of geniuses like Tesla and Royal Rife was stolen and destroyed, and they were driven to despair.
Now, of course, our Dark Masters don't have to get their hands dirty suppressing genius. They eliminate the problem at the source (abortion) or stunt it if it ever gets out of the birth canal (Cultural Marxism).
+1000 for Rife reference, a true genius he was.
How many of these guys are in the USD/JPY trade?
BTW, making a list/wiki about market rigging would also make sense. Just in the last few weeks, there were enormous amounts of fraud in the market. Like:
- the Fed leaking data
- rapid DAX selloff due to dissappearing liquidity
- broad market mini flash crash due to a tweet
- funny rebound of EU indices on a series of poor EU/global macro data (like an advance that took a month before, made in 2-3 days now)
same guys that said gold would hit 2500 by now.
never trust anyone in this game. thats rule number 1.
Those clowns are are the stock market bubble inflaters..
I'd like to see a similar list or Facebook.
But, they have BILLIONS OF FIAT BUCKS IN THE BANK!
...mostly in foreign countries in order to skirt US taxes (just like HP, Goog, GE, etc...).
Jim Cramer.....Bear Stearns is fine.
http://www.youtube.com/watch?v=HPc16cuQJR0
and wasn't the DOW supposed to be over 20,000 by now James?
http://www.youtube.com/watch?v=u5I1n1LsrVA
These guys are always on the idiot list.
Funny stuff.
Cramer" "Bear Stearns is fine" six days before it went from $69/share to bought out by the J.P. Morgue at $2/share.
Altucher: "Intel and Apple are ridiculously cheap, they are going to double or triple from here."
Both using thoughts of the past, that huge firms can't die, that P/E ratios mean something, that it is 1983.
OOOPS!
Sometimes when I'm bored I watch the youtube of John Stewart taking assclown Cramer apart, catching him in all his lies and just laugh that this prick is still on TV and there are people(very few) watching him everyday
That's a good video. I keep that one saved too.
Until Samsung and Google become competitors of gold, this is an idiotic analogy.
Apple toys are for overgrown children.
In my day a phone was a phone was a phone. I e-mail? Use a computer, calculator? Use one of those.
You get my point, its a fucking toy for over grown kids. We alway revert to the norm and apples aint oranges now as even my geek brother has bought a S3 samsung after saying the apples are shit, and he owned every one of them.
Its a fucking fad.
Grow up and learn to grow real things, like vegetables. They will help you more than a fucking toy.
Fucking self obsessed fucking idiots. Over a fucking toy phone? Anyways, real phones had turney wheels that you had to WAIT to return to the begining.
+1 for the rotary phone rant.
Electro mechanical, lasted 20, 30, 40+ years, worked when the power was out, had to think about who you were calling and why, and what you were going to say.
Exactly ebworthen. These electrical whore pimps bring a new I-5-6-7-8-9 every fucking eight months.
Will they work with the test of time? Will they fuck. I rest my well pointed out case, of course.
That is which of not broken, needs no fixing, Inthemix.
Still using our old Bell System 1964 rotary wall phone (beige). It still has a vacuum tube in it from when we had a party line in Maryland. The tube allowed the phone to ring only when our number was called instead of hearing the distinctive ringing of the other numbers on the party line. We were one long and one short ring before that. This phone sounds better than any cell phone or cheap crap cordless phone made today BTW.
PLUS, you can use your phone and sound like the beginning of ELO's Telephone Line.
James Altucher - oh dear.
I like his positive thinking about health and recovery but when it moves into stocks people lose money on wishful thinking.
When Steve Jobs the Copernicus of Cupertino passed away it was all over; he was the driving force to Apple's success.
But just because those people were stupid doesn't make what's happening to the stock right at this time. Too stupid goes both ways, when it was being overbought and now when it is being oversold. A tech with a PE of 9???? ...aaand a dividend of 3% ?? ....and with hoards of cash? ... and with a solid IP base and product pipeline?.. and with a zealous customer base? OK, I'll stop there but I could go on.
This is typical of the shareholder rotation as a company sheds momentum chasers and welcomes dividend collectors. Speculators need to take profits from years of sub-350 accumulation. This is a good time for investors to move in. Don't expect 700 levels anytime soon. If that was the case, then momo prospectors would not be selling right now, but AAPL can offer low risk returns north of 10% with dividend for years to come.
C'mon folks - this stuff adds 1's and 0's....
You forgot to mention that douchebag Cody Willard. I think his target was even higher than $1,000.
MDB jumped in and went full retard when it hit $700, if I remember correctly, calling for 1500 and putting everything he had in it.
$1000 is probably close to right on the money for 2014.
base 2
It burn precious, this is a proof...<92% gold content.
enjoy the butt-hurt if you buy that.
For all these bright guys they have working for them, unlimited R+D funding and fat profit margins, there should be no end of fabulous (depends what you mean by fabulous) innovative products coming off their Chinese production lines for the next decade.
Until their accountants take over and destroy them from the inside, or folks get fed up with their build-quality.
Meantime, with battery technology, flat-screen, internal combustion engines, solar panel research, fly-wheels, stirling engines and the rest, I would say $1,000 is cheap.
Steve Job's problem was he had no sense of humour.
(PS I only own one Apple product, and that is Quicktime software, everything else is way over-priced)
I actually have had some experience with Apple R&D as I worked on some stuff for the 5 and future phones. I won't be breaking any NDA's, as their lawyers are a bunch of asshats, but they aren't as brilliant as you would like to believe. They came to us, promised tons of business if we could deliver, asked for the impossible, and didn't seem to understand why it was impossible when we explained it to them. When we got as close as we could, they said,
"Great, we'll take it... right after you sign over all IP rights to this technology and train one US competitor and one of our suppliers in China how to make it... Just in case you can't keep up with the pace of orders. Oh and we'll also need you to promise to not sell anything to any of our competitors (or potential future competitors, aka, the entire electronics industry) even after we stop buying from you for at least a few years."
We said that's not going to happen. So they were quick to reply, "Well, thanks anyway. By the way, we'll be taking all the research you did for this and keeping it for ourselves as that was the agreement you made when we asked if you'd be a potential supplier."
And that was my last interaction with Apple's R&D group. They did give me a heavily redacted report on one of their processes that I have put to use in a hobby I have. So at least their is some justice there. (It's noncommercial ever present Apple law team).
Just for the record, the comment "intellectually-stunted dyslexics" makes me wonder if you are just ignorant or an ass-hole. Ask Richard Branson (dyslexic) Charles Schwab or just look up dyslexia and all of the geniuses who are known dyslexics and see that the one thing that is clear is intelligence and dyslexia are totally not related.
Do you do your stock "research" the same way?
You just dropped 10 notches.
Now they are falling all over themselves to Downgrade the Stock. Must be the time to buy.
forgot CODY WILLARD ON MARKETWATCH
it's okay, he's forgettable
Wake me at $360.
so you can watch it drop to 300? apple will die a slow death, like steve jobs. he's dead and he really isn't coming back. the knockoff's are coming and coming soon. and despite the addiction of the i-toy slaves because the only 'love' in their life is their own egotistical love for their iproducts, it's still not enough to revive this company. corporations are living entities and their is a birth/growth/death cycle. apple was amazing because it grew, it died, jobs came back, get grew, he died - fill in the blanks. long term it is over.
Another house of cards.
I think it would be remiss to forget the $900 boys;
Peter Misek of Jefferies & Co., was one of the analysts who gave an endorsement to Apple Inc (NASDAQ:AAPL) in a research note Thursday morning, giving the stock a Buy rating an a lofty $900 price target - a premium of nearly 30 percent over the stocks' all-time peak. Misek commented that Apple Inc (NASDAQ:AAPL) has had a recent history of beating analyst estimates in gross margin by more than 3 percentage points, and the Street has a current gross margin prediction of 38.6 percent, which prompted Jefferies to lift its own estimate to 40 percent from 39 percent. The company also believes that Apple will ship about 53 million iPhones during the current quarter, which is more than 10 percent higher than the overall Street estimate.
Tyler cracks me up!
...yes he only bought APPL shares for his fund...
so he rehypothecated APPL - paper apple as opposed to physical
These analysts are worthless, thanks for naming names. They didn't like Apple at $35, but got interested at $350 and got religion at $700. Never mind that a company that sold a couple technology toys that would one day be obsolete had a market cap greater than Exxon with all its assets and earning power. Sorry, I love my iPad, but I'd rather have heat, lights, AC and gas for my car.
Strategists that should have been screaming buy in 2008 and 2009, but were cautious and expecting zero to low returns in a "new normal" are now screaming buy in 2013.
Nothing changes.
#Apple Is Below 400 - Our Bearish Target Met $AAPL http://su.pr/1DTU58#
The difference is gold at $1,400 is a god send. Unless you happen to be lucky enough to have all the gold/hedge you need; why would we want gold at $2000 or $3,000. Gold at those prices is a foregone conclusion... just not now, please....
APPLE CRAMERED!