For The AppleWatchers

Mark Robertson on

http://expectingalpha.com/2013/02/09/apple-aapl/

Morningstar and S&P recently reduced their fair value estimates (first cousin of reducing long-term return forecasts in our jargon).

Mark Robertson

Manifest Investing

Toucalit on

Our April 2012 article titled "Considering the Downside Prospects for Apple" (found here: http://www.newlowobserver.com/2012/04/update-apple-inc-downside-targets) accurately indicated that $424 on Apple was a legitimate downside target.

Additionally, as analsyt forecasts are moved lower, in reaction to the decline, more pressure is put on the downside risk for the stock. This could potentially lead to Apple declining to our next next downside target of $312.

The potential for the downside is offset by the normal reaction to the upside the we expect.

Currently, Apple has an upside target at $528. Breaking above this level suggests even more upside, failing at $528 would result in a decline to the previous 52-week low.

Touc

On Feb 10, 2013, at 11:24 AM, "Mark Robertson" <markr@manifestinvesting.com> wrote:

http://expectingalpha.com/2013/02/09/apple-aapl/

Morningstar and S&P recently reduced their fair value estimates (first cousin of reducing long-term return forecasts in our jargon).

Mark Robertson

Manifest Investing

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