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mrlucky2day
1 Comment
Why Apple Stock Is Poised To Go Flat - At Best
Truth is apple gets little respect regarding stock price in my opinion...the stock should be over $200.00 but it is a favorite for hedge funds and other short sellers to play with...just because they can.
The only reason it is a momentum stock is because of its fabulous earnings and inovations....thus the moves up have been fully justified, whereas, the moves down have been totally unjustified for the most part except that "traders" just want to take profits and short sellers want to put false stories out about jobs or the companies profits so they can profit...then they are "happy" to cover at the lower price and hold until the next earnings report.
Regarding the market head winds you speak about....FACT IS...the economy is far better than is stated on the main stream media outlets, and all the negativity has been amplified by short sellers to scare the "investors" out of the market....i doubt there are many real investors in the market over the past 9 months.
The public loves apple products and will continue to buy, especially the iphone which is now subsidized by the carriers...this hurts the carrier profit short term, but not apples and any loss of up front profit is made up in volume sales and features like the iphone and mobile me, and itunes etc.
I dont know if you are an iphone or apple user but "make believe you were" and take your fake iphone purchase and log on to apple to activate it or download music to it and then you will see all the compelling "add ons" that you just "must have" including the $100.00 plus per year mobile me so you can sync all your computers and contacts etc to use anywhere, download the average 100 songs @ .99 each, then in a few months when you are thinking about getting a new computer, you will consider apple running the intel chip so you dont have to give up your windows enviorment....yes its a bit more expensive but by now you realize how happy you are with your iphone and mobile me and itunes experience and say....i got to have a computer that operates as good as theses devices
WAIT THERES MORE...
Lets not forget the enterprise market....apple did not make the iphone compatiable with the enterprise market for nothing....once the iphone is intergrated into corporate networks....bye bye RIMM and say hello to more apple computer sales for the reasons already stated above.
Thats my story about AAPL and as a windows convert and long time apple investor and trader i can tell you that as the above mentioned things happen....i can confidently say that apple has not peaked by a long shot.