AAPL Is A Short...
My wife tells me that AAPL is a short @ $86. I always listen to my wife. Therefore I must concur with her and must strongly insist that AAPL is indeed a big, big short here. Seriously, can we all agree that AAPL is pretty far from being cheap @ $86, and it's become a "fashionable" stock (just like that other belle du jour called GOOG) which people buy blindfolded because their grandma is calling and asking them about iPods. Speaking of fashion: it tends to be a real fickle thing, and hence I wouldn't put it past Samsung, for example, to soon become the new premier "digital lifestyle" brand, the posterchild of the very fashion-conscious (and super-naive) MP3 generation.
After releasing stellar preliminary sales figures and getting upgraded by a bunch of trend-following Wall Street analysts, the good news for AAPL, from a financial/investing perspective, may well be over. Sell it if you own it or short it if you don't.
After releasing stellar preliminary sales figures and getting upgraded by a bunch of trend-following Wall Street analysts, the good news for AAPL, from a financial/investing perspective, may well be over. Sell it if you own it or short it if you don't.
posted by Ivan at 1/12/2006 07:03:00 AM
1 Comments:
I have written about AAPL and the current high levels over the past few days and I told my readers to start locking in gains from my initial coverage in July. Near a 100% profit, I don't need to get out at the top - securing my stake is more important at this time.
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