[FoRK] Why Apple is Going to $1, 000 a share within 15-months | Bullish Cross

Dr. Ernest Prabhakar drernie at radicalcentrism.org
Fri Oct 5 10:34:58 PDT 2012


Hi Greg,

On Oct 5, 2012, at 10:24 AM, Gregory Alan Bolcer <greg at bolcer.org> wrote:

> Yup.  My understanding the stakes are a gift certificate, right?

Yes, a $50 Kiva Gift Certificate.  Payable from you to me if and when Apple's market cap crosses $1 Trillion before 4/23/2014, or from me to you if it hasn't by that date.

-- Ernie P.

> 
> Greg
> 
> On 10/5/2012 9:42 AM, Dr. Ernest Prabhakar wrote:
>> Greg, you're in with Kragen against me and Bullish Cross, right?
>> 
>> -- Ernie P.
>> 
>> 
>> http://bullishcross.com/2012/09/why-apples-going-to-1000-a-share-within-15-months/
>> 
>> Why Apple is Going to $1,000 a share within 15-months
>> 
>> We’re going to keep this note very short and to the point. Normally, we only publish buy ratings when we feel Apple is bottoming at the end of a major correction. We have a long and rich history of publishing these buy ratings right at the lows for the stock. In fact, Friday, May 18, 2012 was the most recent “public” buy rating we initiated when the stock was sitting near $530 a share. The stock bottomed on that exact trading session and has more or less rallied straight up to $700 a share or 32.07%.
>> 
>> Now that the stock has crossed $700 a share, we would like to update where we believe things will go from here including our official price-target. We’re not publishing a buy rating today and probably not anytime soon. In fact, Apple is closer to an intermediate-top than it is to a bottom. We only publish buy rating when the stock is sitting near the lows after a prolonged period of consolidation.
>> 
>> That being said, despite the volatility that will likely ensue throughout the 2013 trading year, we expect Apple will cross the $1,000 a share mark sometime over the next 15-month period. We are currently modeling for Apple to report roughly $67 a share in EPS through October of 2013. This would put the stock at $1,000.00 a share at a 15 P/E ratio.
>> 
>> Yet, there are times where Apple will trade as low as a 12.7 P/E ratio and depending on the volatility of the era, we expect the trading range to be as wide as $850 to $1,000 a share during the late summer and early fall of 2013. While we feel confident that Apple will very likely see $1000 a share by the introduction of the IPhone 6, we also recognize that depending on market volatility, it could take as long as the pre-earnings rally going into fiscal Q1 2014 earnings (late December or early January) for Apple to eclipse that level. This is why we have a 15-month price-target rather than a 12-month target of $1,000 a share. At the end of 2014, we feel the stock will reach $1,500 a share and then finally reach $2,000 a share in 2015.
>> 
>> Our Bullish Cross Apple Model Portfolio is up 465.05% as of the close of trading last Friday. The portfolio launched 15-months ago:
>> 
>> 
>> 
>> 
>> 
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> 
> -- 
> greg at bolcer.org, http://bolcer.org, c: +1.714.928.5476
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