Tuesday, September 30, 2008

AAPL - Back in again at $108.30

Because I'm such a masochist, I decided to chance it again right after the crash. I'm in again at $108.30, which was the price at open. Following the market, it's up today to around $112 so far (which means that Apple's market capitalization is still just under $100 billion), but the real test in the immediate future will likely be Thursday/Friday, and will depend upon what the US government comes up with in terms of a bailout.

[Update 2008-09-30]

That was amusing. Yesterday Morgan Stanley downgraded AAPL to a target price of $115. One day later, that target price was achieved intraday, with a close of $113.66.

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