Constable Odo

Monday's Apple, General Market Fundamentals Favor Bears

Will I ever see $200/share from Apple this year? Hard to say. Apple fundamentals are good, but will Apple again offer poor guidance. Will Steve Jobs catch another cold? Will IT give the iPhone an equal chance to go toe-to-toe with RIM's BlackBerry? Is there a chance that mainland China will welcome the iPhone this year? So many variables to hold Apple from achieving $200 a share until the 3rd or 4th quarter. When I see people yelling $250 or $300 it just seems so unlikely to happen. I only hope I'm wrong, but the way Apple's stock price continues to backslide regardless of positive news, it's becoming difficult to keep the faith. I don't want Apple to see any $160s, so I'll start praying today.