Herb,
Well, Apple has been back to the profitable company since Q1 of '98,
and will continue for the rest of the year. The quarter-to-quarter
revenue/net income will subsequently increase. For the long term
(1 year+), the return seems very promising, which could result in
100+% profits if you invest now. The price should at least dirve
up to $45-$50 range in one year. For the short term (1 month),
the return is hard to predict, it could be in -10%-50% range
depending on the overall tech market's performance. Apple's current
situation reminds me of AMAT, INTC a couple years ago. These two
stocks increase three-four times in their values in less a year.
Once it starts to fly, the pattern will continue unless Apple makes
a huge mistake, which I hardly believe at the present condition.
Of course, there is always a correction for any stock, including
profit taking, overall tech market short-term bearish, etc. But,
Apple's upwards trend will remain intact as more money pulled into
the game from money managers, individual investors, overseas
investment (1b per month presently). I estimate if Apple has any
correction, there would be less than 10% range and will be recovered
back very quickly.
Just my thought.
Phil |
