lakeside

The Hidden Financial Impact of Apple's iPhone

"I am absolutely confounded that Apple is not trading at well over $200 share right now" -- don't be confounded. 1) the whole market is down; 2) few analysts have ever taken Apple seriously (see back issues of BusinessWeek, Forbes); 3) too many conservative investors are in the game and with no dividend to hedge their bet, these investors won't buy AAPL. If you are long, these factors are your gain, their loss.