We've been posting on the race to $200 between Goldman Sachs and Apple for a couple of months now. Based on after-hours trading, it looks like Apple will make a nice run for the finish line tomorrow. After blowing away third quarter estimates, Apple is trading up about $13 to $203 as of 5 PM ET. If the gains hold, Apple will not only beat Goldman to $200/share, but it will also mark a new all-time high for the stock.
For those interested, over at Bespoke Premium we'll be analyzing how Apple usually trades the following day after trading up so much in after-hours trading. Apple has been a big winner for us here at Bespoke. We added the stock to our Bespoke Premium Model Portfolio on October 8th, 2008 at a price of $86.91. At $203/share, our gain in the stock currently stands at 133%. While we aren't eager to hit the sell button, we have been upping our stop price on the trade as the stock has moved higher to ensure that we are able to lock in the significant gains we've gotten. For those interested in viewing all of the stocks in our Model Portfolio, please subscribe to Bespoke Premium today.
Is there any end to Apple's progress. While Google is all pervasive, Apple is uber cool. I must admit I can't understand how their high-prices goods are doing so well in a recession
Posted by: Senan | October 19, 2009 at 06:22 PM
Motorola has just unveiled the DROID phone for the Verizon network.
When it comes to wireless, and mobile phones, Motorola is the company that literally CREATED THE MARKET.
If this phone is as good as early articles indicate, it will make tons of money for the company. That may take away some sales from Apple, although the overall market is growing and both companies should continue benefiting.
Yes, both Apple's and Motorola's stock have become much more expensive, and may consolidate a bit from here.
However, using a good market timing system can help an investor profit both from the upside and downside of the stock and the overall market.
Consider http://invetrics.com
Its daily DJIA index trading signal is up a respectable 64.84% for the year (as of October 19, 2009) and it is free of charge for individual investors!
Posted by: admin | October 19, 2009 at 11:34 PM