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Hedge fund predicts Apple stock price to fall to $42 as soon as Fall 2010

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I take it this is a bad thing. But question is, will they be right? Considering Apple releases interesting updates to the iPod line every fall.
 
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The article provides examples of correct predictions. Now how many did they get wrong?
 
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I wouldn't mind all that much. Just gives me a chance to purchase at a better price.

Doug
 

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They are on crack. Must have figured out that the best way to publicize your organization these days is to say something completely counter to reason and mention Apple in the same breath.

Clearly Apple hit the ball out of the park with the iPhone 4. That momentum should carry them for some time to come, even without any major product releases (which you know there will be).
 
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I predict that this will be Apples best quarter ever so it might be hard for them to top
but its not like people don't go into a buying frenzy during the holidays and with iPad/iPhone sales far exceeding production can't see this train slowing down plus those
that never tried OSX and a Mac will be more willing after owning the two said products to
see if the experience carries over.
 

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cwa107 is right on target. With the overall economy in the pits and the market acting like the ocean on a stormy day, Apple has been one of the few bright spots and will continue to be for the foreseeable future.

Regards.
 
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How do you know these people are not like "Hey Apple is doing really well now so we say they will drop and hope they do so we can make some money". Influencing the market in a way. Yes this is totally illegal. But I've seen fund managers like these do much worse so I would not put it past them.

And secondly maybe a stock split is in order for Apple. But a 5+ to 1 split think is a little silly.
 

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How do you know these people are not like "Hey Apple is doing really well now so we say they will drop and hope they do so we can make some money". Influencing the market in a way. Yes this is totally illegal. But I've seen fund managers like these do much worse so I would not put it past them.

And secondly maybe a stock split is in order for Apple. But a 5+ to 1 split think is a little silly.

Yes, I do believe that this is a form of market manipulation - and Apple's stock has repeatedly fallen victim to this sort of shady behavior. In fact, there was some anecdotal evidence to suggest that much of the "flash crash" a few months ago revolved around antics related to Apple's stock.
 
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figured…M$FT probably paid them off!

It would be funny if the stock price of $42 is just the result of a multiple stock split! I don't know everything about the stock market, and don't claim to be an expert, but for apple's stocks to go down to 42 after being at 260+, there has to be a HUGE problem, or a simple multi-stock split. The only thing that I think could go wrong with apple, causing their stocks to go down that drastically, is the death of, let's just hypothetically say, Steve! Other than that, there are stock analysts who always seek attention one way or another.

CWA107, I completely agree with you!
 

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figured…M$FT paid them off!

Honestly, I don't think Microsoft has enough brains at the helm to pull anything so complex off at the moment.

They still can't wrap their brains around how to make money in consumer electronics...
 
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I also believe that it should illegal to claim such bold statements as a hedge fund. They are trying to change apple's stock environment in their favor so they can profit. It makes no sense considering that apple has more than $42 per share, in their own bank to begin with. It would almost be physically impossible for their stock price to even come close to going under $50 per share…unless the economy is in the toilet, at which point having a stock at any price that high would make you a god!
 

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