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

Kevin Marks kevinmarks at gmail.com
Fri Oct 5 11:09:52 PDT 2012


I'm not betting against apple again. Not after selling all my stock for $10
a share when I left in 2003.
On Oct 5, 2012 10:56 AM, "Gregory Alan Bolcer" <greg at bolcer.org> wrote:

> Perfect!
>
> Greg
>
> On 10/5/2012 10:34 AM, Dr. Ernest Prabhakar wrote:
>
>> 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/<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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>>
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> --
> greg at bolcer.org, http://bolcer.org, c: +1.714.928.5476
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