IMHO, a pop to $25 may not be out of the question next week. If it does, best to sell, and wait for pullback to $20. Beyond 10-Q is pure speculation on where AAPL may be headed, and if we see a stock rise after next week, that will be a short-term indicator that some may be buying the recovery theory. After watching AAPL lose market share and stock price for so long, I do not think we can reasonably expect AAPL to rebound to glory overnight. It takes a lot longer than 1 quarter to rebuild, but at least they are at the beginning of the rebuilding period and the end of the slide down, finally. We'll see if she can rebuild, but that is where the real stock appreciation will come. If you do not believe(as many do) that AAPL will be growing in 9-12 months, you shouldn't expect anything more than a short-term bounce higher on extraordinary 1Q profits. If you believe in a potential turnaround, which I do, then be patient with some of your holdings after the sell next week, for a longer term perspective. I think AAPL has at least earned a right to hear them out on a possible turnaround after years of many investors complaining about their stock and share of market slide.
For anyone interested in another stock. I have been in ABTX since 2 13/16 back in April 1997. It's now at ~$19. You may find it worthy of DD.
Miller |
