AAPL, @<15 after hours, will, I suspect, present multiple 'buying opportunities' before year end. My impression is that to some extent, Jobs turned the IMAC into a combination hot toy and fashion good. So we have a combination of the downside of a 'fad/fashion' cycle coming together with downside of computer buying cycle [saturation, plateauing]. The cash will be a cushion, but it's prospective performance that will drive this. Kinda tough to figure that when, according to reports, Jobs is keeping his cards close to the vest and saying 'trust me, there's neat stuff coming down the pike' Recent ugly surprises haven't done much to enhance trust.
Disclosure: No position yet. I picked up small position in Dell, just before the GTW whack, and am trying to figure why Bill Miller was so fond of Gateway. |
