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Technology Stocks : Apple Inc.
AAPL 273.77-1.7%3:15 PM EST

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To: Henry J Costanzo who wrote (45619)7/5/2005 12:03:27 PM
From: Cogito  Read Replies (2) of 213176
 
>>Of particular interest here is the possibility that a triangle pattern is being traced out......IF so, and IF it should break to the upside (around 39ish), it would be possible to set a measured target at roughly 48/50 or so.....<<

MCHJC -

Thanks for the continuing analysis. Very interesting.

On the fundamental side, I have a feeling about the upcoming earnings report. If there is anything less than a blowout to the upside, the stock will get hammered. Somehow, I don't think we will see a big report. I think we'll see earnings coming in at a penny or two above the consensus estimates, with cautious forward guidance, and that will mean a significant drop for AAPL.

This is based on no particular deep research. Just instinct. I could be wrong, and I hope so, for the sake of anyone who is long.

- Allen
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