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Strategies & Market Trends : Guidance and Visibility
AAPL 273.30-0.3%2:10 PM EST

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To: Kaliico who wrote (61599)7/22/2002 3:29:50 PM
From: Dave Gore  Read Replies (1) of 208838
 
Sounds like a guy who has a short or wants to pick it up cheaper. You can also say that about any company. I look at things differently. Since the company has had uptrending earnings for years, does the stock deserve to be cut by 60% when they've never missed? They even beat by 3 cents last quarter and are expecting a couple huge orders this quarter.

I am holding from $14.80-ish and looking to add if I can sense a Market rally of significance. They won't ring a bell at the bottom, Kaliico.

I also have a reward/risk profile:

LOW RISK/CLOSE OUT POINT - $13.80/$14.80

HIGH POINT POTENTIAL/NEAR TERM CLOSEOUT - $22-$25/$19.80

In other words, even if the Market rallies, it will likely have a hard time breaking $20 near term. But the bottom line is that I see far more reward potential than risk potential. Obviously if we break down hard, I am out of all "long" stocks.
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