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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST
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To: Moonray who wrote (169068)4/30/2014 3:00:16 PM
From: HerbVic6 Recommendations

Recommended By
clean86
Moonray
seminole
Stock Puppy
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and 1 more member

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I'm going to go out on a limb here and say that it will not break out yet. I think it will gather strength here and continue it's march into 600+ territory in a day or two, or three. Monday?

I noticed the morning had what appeared to be money moving out of the rest of tech and into AAPL. As the broader market reversed itself, AAPL took to a range between 596 and 598.

Two factors … OK, three factors I'm thinking about are: 1> That sentiment has reversed after a long period of negativity. That is very positive, as it sets up a situation where there are many portfolios underweight AAPL. 2> The overall desire to participate in a split can give even a 2/1 split stock an upward bias. A 7/1 split almost guarantees a shortage of sellers against the onslaught of buyers. 3> The fundamentals look much better after the last ER than the analysts and market technicians could possibly have anticipated, leading to a general consensus of undervalued condition and uncertainty as to just how much.

As I finish this, I see the price has dropped to ~594. So far, so good. [Fingers crossed.]
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