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  • More Proof the Bear Rally Is Over [View article]
    PS: I just clicked on the SA article "Rate of Consumer Spending Decline Stabilizes," which is located about a dozen items above this thread in the SA table of contents. It contains this quote, which bolsters my contention that Apple is keeping ahead of the bear, unlike the laggards:

    "Consumer Electronics spending has registered a slight uptick as we reach the peak of the holiday season, with Amazon and Apple the clearest beneficiaries of an otherwise depressed retail environment."

    Apple is maintaining its premium pricing, which indicates its confidence.

    I suspect the reason AAPL's relative strength has been weak recently is that word that Jobs would not appear at the January MacWorld leaked out to traders. Indeed, I suspect that the health-factor has been responsible for half of AAPL's decline from its high. So I think there's little downside left if an announcement is made next month that SJ is stepping down from day-to-day activities. Maybe a ten-point hit. Lots less if the announcement is made in conjunction with a good earnings report.
    Dec 19 09:02 am |Rating: 0 0
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