What’s your price target on Apple (AAPL)? (May 24, 2014)
AAPL
I want to talk about Apple ( NASDAQ:AAPL ). Here’s what you want to look at, this is kind of scary to buy here, my gosh look how far this gone, 15 percent up, but oh my gosh it’s almost a hundred points, this is the chart that works. This stock is going to $700.00, I was bearish on Apple ( NASDAQ:AAPL ), like all the way down, and I was kind of hesitant about it here, I saw it traded a little bit to the upside, I was agnostic about it here, didn’t really know one way or another. Suddenly, I love Apple ( NASDAQ:AAPL ), well I still love Apple ( NASDAQ:AAPL ), because it’s working. I’m not an ‘Appleonian’, though I did find an iPad that I thought I had misplaced and I was going to have to buy another one, I didn’t though, so always check the saddle bags of you motorcycle because you never know what you’re going to find there.
Here, we’ve got a volatility squeeze, a breakout to the upside, and this is just getting going, they haven’t released any new products, but apparently they’re going to, whatever. But this is working, I think you want to be long Apple ( NASDAQ:AAPL ). The best way to do it, unless you want to pay $614.00 per share, is just buy some long-term call options on it. Don’t try to pick just the right ones, just buy enough time to where if the stock gyrates a little bit, which it probably will, you’re going to be okay. Don’t buy too much, just buy enough to control a decent amount of shares, and then just ride this trend to the upside.
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