RE:RE:RE:End of day surge?The statemrnt made on that forum is on point; " QTRH Again, really great feedback from the community. Baseline formed is parallel to previous cycle tops.
Drawing the trend lines provides a $15 Long Term Price Target.
Fundamentally, this would imply a Billion in licensing and buying ITS companies that produces a $100M earnings firm at a 15X P/E. That is possible.
The current Apple judgment could be worth hundreds of millions on its own. Technically, Broke out of bottoming channel. Retesting former upper end of channel. Looking at a 50% move higher to $4.
Fundamentally, Company has $180M of cash and has a market cap of less than $300M. A Tech stock trading at only 3X EBITDA. Incredible.
Analysts have been raising targets continuously after bottoming."