Quote:
Originally Posted by MCQ
Piper Jaffray upped their target today to $205 from $160, based on their forecast for 2009 iPhone sales of 45 million. Another $2 up premarket so far this morning.
Moving too far too quick?
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Do you get this report? If so, what is the current 2007 P/E and forward projected 2009 P/E? Sounds like this is getting a little crazy. I own the stock but history tells us over and over to sell over hyped stocks.