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To: Swordmaker
Sold Appl at 123.00 2 months ago

Won't be back till its under 70

9 posted on 01/27/2016 11:18:18 PM PST by scooby321
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To: scooby321
Won't be back till its under 70

You will have a long wait. The $216 Billion in cash represents over $37 of the stock price. That means that the rest of Apple is worth literally NOTHING if it reaches $70, because subtracting $37 from $70, means the net price would be $33 per share. It won't happen. The P/E would be ridiculously low. The big boy mutuals, banks, hedge funds, and banks will have bought in well before you'd get a chance. Apple is still a money creating machine.

11 posted on 01/27/2016 11:39:18 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue....)
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