Constable Odo

Apple, Major Indexes Stuck in Sideways Holding Pattern

You'd think the wildly insane rumor of Foxconn producing 800,000 iPhones a week would make WS and investors sit up and take notice and help move Apple's share price up a tad. I don't think there are too many other companies in this economy that are ramping up their production lines well above current capacity or having a product in such high demand.

We'll see if insatiable iPhone demand offsets the loss of iPod market share and force the analysts to revise their target prices. .... Nah!

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.