On Thu, 24 Apr 2008 02:31:07 +0000, Larry <noone@home.com> wrote:

>Ron <ronclifford@peoplepc.com> wrote in
>news:3ppv041b21a7n2vcam0rrtu2u7o3o39vvd@4ax.com :
>
>> On Thu, 24 Apr 2008 00:11:17 +0000, Larry <noone@home.com> wrote:
>>
>>>Ron <ronclifford@peoplepc.com> wrote in
>>>news:k6iv04trfhsne0c2c04l0986ohsbjja2c6@4ax.com :
>>>
>>>> Apple is always overly conservative in its forward looking
>>>> projections
>>>>
>>>
>>>What gets me is you'd think the professional investors would know how
>>>conservative its estimates are and ignore these gloomy outlooks, but
>>>they don't. As soon as he opened his mouth, the stock tanked...not
>>>seriously like January, but it still took a dive while it was nicely
>>>on its way back up.
>>>
>>>When it dove from $200 to $120 in January, I'm sure lots of AAPL
>>>investors didn't sleep well. Man, that's some serious loss of equity.
>>
>>
>> Well its around $160 today, and still likely to jump up when iPhone 2
>> is announced.
>>
>
>I never figured out why it tanked so bad in the first place! Was Christmas
>2007 sales that bad?


No, people forgot that Calendar Q1, Apple Q2 sales are lower, and over
reacted to Apples projections.

Apple stock will hit 200 later this year and not see $120 again unless
there's a stock split this fall.