Apple's Wednesday earnings will drive it up.
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The newly-named Apple Inc. is a fabulous company with great long-term prospects. However, its recent gains are a class example of Wall Street overreaction. Apple's stock also spiked when it previewed the Video iPod, only to come back to where it was before the announcement just a few weeks later. I believe the stock is headed back down to $89 or less in the next two weeks.Shorting Apple long-term is a bad idea, however, if you limit your risk with a stop-loss, I think you can make an eas...
Mr. Jobs just announced the official release of their iPhone product. Almost real-time you can finally see how it will feature on the Apple website. Their stock prices jumped over 8% today just on the news, as investors see it as another success following their iPod, iMac and their new generation of "i's". The stock price shouldn't settle just yet, I expect to see the optimism continue to drift upwards in their stock prices for the near future. Near future meaning...
This stock is likely to be an institutional favorite in the first part of 2007 particularly if in addition to the expected cell phone they also begin to market the iTV device and roll out the new operating system to rev up revenues.Some caveats to be aware of:As recent sessions demonstrate the stock is subject to volatility. Having reviewed the I-Watch it is my hypothesis that some of the mountain of hedge fund money found it's way into a shorting strategy times. Smaller intent to ...
Macworld will show consumers and casual traders the tricks Apple has in store for the new year. Historically, this has been a good time for Apple. New products and new sources of profit. Macworld will ride off the end of the year optimism we'll see during the last week in december. Great market position currently, and new products keep adding to what markets apple has access to.