Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: Larry S. who wrote (2287)	2/15/2005 9:03:48 AM
From: profile_14	Read Replies (2) of 13449

Look at AAPL this morning, opening up with another 1.6% gap since Merrill Lynch in its infinite wisdom upgrades the price target after the stock moves clearly past its original target set not long ago. Analysts are lemmings, as there is safety in numbers and they all copy each other and each other's work, in my opinion. The stock just wants to run. One thing I am finding interesting is that its price targets are being raised from prices they have surpassed to something that is not too far away. In other words, at the rate the stock is moving, it will be at the new 12-month target in a week or so. That tells me that while analysts are all pumped up about the company, they may have doubts that the current business environment reflects the full value of the company. After all, they are still going to have to sell a lot of product to meet their numbers. The stock is not cheap, but then again, neither are the internet stocks, many of which are falling out of favor recently. Best regards,

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