Seeking Alpha

miketsp00's  Instablog

Send Message
I'm 30 years old, primarily an options trader. I study each investment carefully and I'm not afraid to share my opinions.
My blog:
View miketsp00's Instablogs on:
  • Why I'm Going All-In On Apple Tomorrow!

    Apple has been getting beat down for months now after the iPhone 5 and their latest earnings have disappointed. The stock is currently down over 180 points since the new iPhone made it's debut. If you do a simple twitter search you can see how many people are shorting the shares to death. The selloff is clearly overdone, but where should AAPL be trading? Personally I believe it should be at our around $625-640 right now.

    Sometimes sentiment and technicals can be pretty misleading. If you are a trader looking for quick gains I can't tell you what to do with this one. If you are an investor I think there is no better time than now to buy. A lot of people say Apple is refreshing too many products at the same time and leaving nothing for next year. We don't know their plans for next year. They may have completely new products in the pipeline including a tv.

    Apple is scheduled to report earnings again in late January. Here is what I'm expecting and why:

    1) I think Apple will blow away current estimates

    2) 50 million iPhones sold? Maybe not, but it's not important

    3) I see Apple stock surging and making new highs after earnings


    1) Apple guided down in their last report, and expectations are low

    2) Apple hasn't had so many hot new products available during the holiday quarter for as long as I can remember. With or without 50 million iPhones sold I picture this being a record setting quarter for the company

    3) Lots of short covering!

    Apple is all-in on this holiday quarter by refreshing basically it's entire lineup. The investor sentiment is ridiculously low along with the current stock price. I am going all-in on Apple stock tomorrow! There may never be another opportunity quite like this to buy.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AAPL over the next 72 hours.

    Dec 20 5:32 PM | Link | Comment!
Full index of posts »
Latest Followers


  • AAPL sentiment is very bearish again. I'm a contrarian looking for apple to lead the christmas rally tomorrow!
    Dec 20, 2012
  • Can $ASNA beat earnings estimates next week? I say yes! I predict earnings of over $,30 vs EPS of $.28
    Sep 11, 2012
  • I see the selloff in AAPL continuing with the iPhone likely to disappoint. Much of this money could roll into AMZN and GOOG. Buying calls
    Sep 10, 2012
More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.