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AAPL Stock: 100.37 ( -0.21 )

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Apple shares peak at over $40 on increased outlook

updated 04:20 pm EDT, Wed October 6, 2004

Apple shares rise to $40

Shares of Apple rose today, as one analyst on the stock and others weighed in on the company's outlook ahead of its fourth-quarter report next week. Apple closed today at $40.64, after peaking as high as $40.76. The company's shares have more than doubled since their 52-week low of $19.25 on Dec. 22 and are trading at levels not seen in four years. First Albany analyst Joel Wagonfeld on Wednesday raised his price target on Apple's stock to $44 a share, saying that Apple's "momentum hasn't peaked, so valuation probably hasn't either." Wagonfeld said, in a research note, he believes Apple has room to grow due to several different product drivers. Shares closed at xxx today.




by MacNN Staff

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  1. slboett

    Joined: Dec 1969

    0

    Apple is DEAD!

    Give it up...Apple died in 1994.
    LOL - take that, Mr. Ballmer - you tool.

    SB

  1. Sosa

    Joined: Dec 1969

    0

    Missed opportunity..

    I knew I should have bought when it was $13 two years ago!

  1. Ganesha

    Joined: Dec 1969

    0

    Why did I sell...

    Why did I sell at 38.75!!

  1. Bobby

    Joined: Dec 1969

    0

    Ummm?

    "Shares closed at x** today"????

    What does that mean???

  1. PookJP

    Joined: Dec 1969

    0

    Re: Ummm

    There's a thing called the stock exchange in Northern California, which is where Apple is based. Basically what it means (I don't want to get too technical) is that people bring their computers ("stock") to a table and trade them with other people. So if more people trade Apple computers (Macintoshes) than people trade PCs (Windows-based), then Apple closes "Up."

    In this month, an average of 40.76 (the decimal is because it's an average) more Apples have been traded than PCs. That's good news for Apple. Some analysts, however, think that this average could get up to 44.

    I, personally, would never trade my Apple for a PC. Pssht. But I don't blame all those people who are trading their PCs for Apple.

  1. LouZer

    Joined: Dec 1969

    0

    Re: ummm

    He's talking about the x**, dude.

  1. l008com

    Joined: Dec 1969

    0

    I

    I bought at right around $20. I'm chilling! I would sell but I want to hold on. If only they paid dividends. Or even better, that would be sweet if they would split!

  1. PookJP

    Joined: Dec 1969

    0

    LouZer

    You, my friend, are as tuned into the world of sarcasm/joke telling/satire as they come.

  1. testudo

    Joined: Dec 1969

    0

    Re: Louzer

    Hmmm, guess I need the whole sarcasm thing too, since your post barely passed for comedy, and certainly didn't pass for sarcasm/satire at all, esp. since the question was about the 'x**', not "What's a stock market?" or "What does stock being 'up' mean?".

    Now, if you made some kind of comment like "Well, Apple, as you know, is the computer of g** people. And, with the republican congress/president, homosexuality is being more and more pushed as evil and sinful and should be stopped. Therefore, references to 'all things g**' are replaced with the 'x**' rating to indicate that the items are perverted and should not be discussed.'. Then you might have gotten somewhere on the sarcasm meter. But that's a big 'might have'.

  1. denim

    Joined: Dec 1969

    0

    Re: Why did I sell

    I'd say it's because you're sane. The rest of us aren't. I bought a year ago last April at $13.44, so I'm just kinda sweating now: to sell or not to sell?? You may be better off than I am, 'cause you've got CASH!

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