David,
From the fundamental reasons, I think Apple will have a wide swing
this week but will end up in positive side (27+) due to:
1) People with short positions continue to cover their loss, and the
amount of new short positions will be reduced to minimum;
2) MacWorld is being held, where any surprising news may popped up
anytime during this period;
3) Excellent sales on OS8, which will significantly contribute to
Q4 revenue/net income;
4) Overall technical stocks are bullish, an all time high in NASQ,
Apple will follow the trend;
5) There is no shiping problems for Apple's hot products, e.g. Power
Book when compared to last quarter's April-May period. This will
increase the revenue/net income significantly;
6) Developers/users are encouraged by Apple's movement to get
strong alliance with Microsoft;
7) The strongest team of board of directors encourages investors to
make a serious investment commitment;
Hence, I believe Apple becomes more and more visible, vital,
contributible to the entire industry.
I am looking at 30+ in the near future, hopefully.
IMHO
Phil C. Lee |
