Apple (AAPL) hits $140 & Southwestern Energy (SWN) hits $46 as I predicted in early May 09′
AAPL @ $140 from a low of almost $122 two weeks earlier. I knew it was a minor set back and going into their expo/product annoucements for early June 09′ would make the stock wtih increasingly more buzz around people switching computers. I think most investors and regular average Joe’s think Apple’s stock “hotness” is over, but I think it is really just half way through. Apple first started with the iPods to gain customers, then got them hooked on their computers, then onto iPhones, then back to laptops, and now Apple just needs to offer the new home entertainment experience which they are getting close to with the iTV. Their products keep improving and so will their stock. The health of Steve Jobs the “visionary’ doesn’t help say if he did die or had to step down I’m sure that would put a downer on the stock. In the meantime hower AAPL’s stock should rise again like GOOG. I’m on with my targets hitting $140. It should hit $145 before June 6th which is the predicted annoucements. From there it could jump to $160-180 target price if really good news or a new product.
As for Southwestern Energy Company (SWN) it hit my target price of $46. Recently moving in waves and now staying above the $40 price level. If I was trading call options I would have made some killer profits in the 200-500% range with both stocks moving 10pts in a month up and down.
Both AAPL and SWN have received upgrades from respectable brokerage firms noted Goldman Sachs for AAPL. This could be an unpredictable summer. I was taught for the most summers and the stock market fall. Basically “come May go away”, but since there is a BIG smiley face on most charts (big rising valley U) I would almost predict some stocks will hit new highs in the summer going into the fall.
My fingers are still crossed about the Hawaii Real Estate market. I know eventually prices will increase, but I’d love to see some volatile high ones within the next year so I can sell my condo for a fat profit as planned because I got it for dirt cheap. Another part of me says make your loot in the market, pay it off, and keep a long-term vacation home. Well I’ll see what happens first.
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This entry was posted on June 1, 2009 by Paul Awol. It was filed under apple computer blog, apple earnings, Apple Inc., Apple Inc. (AAPL) fan, apple stock, Southwestern Energy Company, stock uptrends, stocks going up, swn, trading aapl options and was tagged with aapl and swn hit June 09' price targets, Apple Inc., apple june 09' product annoucements, hawaii real estate market, Southwestern Energy Company, volatile stocks.