It's alive! It's alive!
For the first time in over three years, I get the feeling that this company might have a future ahead of it.
Yes folks, in these three years of being bearish on AAPL the stock moved from
$40 in Dec 94 to
$33 in Dec 95 to
$23 in Dec 96 to
$13 in Dec 97,
all the while Apple moonies here gave us a steady diet of "customer-loyalty" "advanced-operating-system" "strong-in-graphic-markets" goobly-gook. A diet that continues unabated, as soup latest post attests, if I might add.
Yet, Apple has now cut deep enough and made sufficient changes that I can no longer see clearly what will happen to this company in the future.
Imagine the Titanic with a gaping whole at the fore. Anybody with a clear mind would see that the ship was about to take a ton of water, even if the ship was very technologically advanced and the passengers very loyal.
But now the captain and crew (Jobs and co.) have just started closing the emergency locks, and its no longer clear that the ship will go under. The situation might or might not be salvageable, but things are no longer as clear-cut as before.
So until further developments, I hereby declare that I'm no longer bearish on Apple. |
