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Apple has a lot of cash in its piggy bank and might decide to institute a stock buy-back program if shares fell below $130 (say). So I think shorts seeking a maximum potential payoff would do better shorting other tech stocks.
Sep 15 05:54 am
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All Comments by Roger Knights »Apple: Leading the Way to a Total Tech Breakdown [View article]
Another nasty potential surprise for shorts is that IBM or HP might decide within the next six months to either resell Apple products worldwide, or announce a switch over to using them internally in place of ordinary PCs, or both. IBM is said to be evaluating Apples in a pilot program already, and so are many other companies. Even if only a few large corporations followed Der Spiegel in switching to Macs, the first half-dozen announcements would have a powerful (10%?) upward effect on AAPL.
AAPL is in an unusual situation. It doesn't have to outrun the bear--it only has to outrun Microsoft.