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Apple, to take the bite, or not to take the bite. Really, if you just look at the competition DELL, and HPQ charts and consider that computer buying alone is the cause for apples concern - then, yes take that bite and smile, But, Apple is not just computers any more. If they were, the stock price would not be a concern. Since it was the come back of the original ownership running the corporation that gave the stock traction the last time it tumbled. Then it was new idea after new idea that kept the bull at full bore. Now, here we are after a disapointing Christmas season of consumer purchases, ( firesale ). No new great ideas being exploited on television. The three great corrections in the market in 6 months and a few pretty good dips not to mention the subprime problems. AND now comes the Federal Goverment to save the day with interest cuts and free money to consumers.
That puts APPL at a short term buy @ $123. with a next week sell. The continued growth of APPL 's stock price will more than likely follow google's chart of growth. We will see more volatity in the stock price with gradual growth. To a trader like me, that means the buying and selling of this stock many times untill the release of the next best, must have tech gadget. At that time, depending on sales, may be the next keep or sell off of this stock. The partnership with ATT may not have been the best short term choice, but, most likely a very good 2 -3 year deal. It limited the availibility of a highly advertised line of products. The push on stock price from that partnership was minimal. ATT could have pushed the iphone harder, but, thier backend payments to Apple prevented ATT from going all in. European sales are realitivly flat or below expectations. Again AAPL is not just a cell phone developer. Take market conditions (correction for over valuation of stock ), the corporations own flat earning expectations, No new great product line being advertised and here we are at $130.
I do not expect AAPL leadership to sit on thier hands here. R & D must be, has to be, working on the next great, must have tech gaget. Improvments to Apples current product line with the intergretation of television, web, phone, music ( pay radio & recorded ), photo, and GPS, there is world growth. Can Apple's leadership take them through a possible world ression and drive their stock price up ? If the past is really a reflection of the future, then buy all the APPL you can get because in the long run we will all see $200 and up, just as we once thought, could it hit $100, yes it did.
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