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Technology Stocks : Apple Inc.

AAPL 261.19

+0.4%

12:43 PM EST

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To: stock bull who wrote (69531)	10/2/2007 2:24:00 PM
From: Keith Feral	Read Replies (1) of 213182

If $160 is your exit point, don't be afraid to take it. However, keep the big picture in mind. This stock could easily run to $200 this year and announce a stock split. Look at the price of RIMM after the 4 for 1 split. It is closing on $100. I would love to see Apple announce a 4 for 1 split and watch the stock trade back to $100. You could also pick up some premium by selling the covered calls at $160 to take you out of the stock. With interest rates declining, PE expansion is going to get much better. Think about the old Graham and Dodd tables for interest rates and PE's. Bottom line, you get higher multiples for growth stocks when interest rates decline. The other issue is EPS surprises. I think the EPS estimates are way too low for the stock. A big EPS surprise this quarter could lead to serious price target revisions to the upside. I finally get to play with my iPod on a flight this weekend. I finally realized how useful they can be for listening to music or watching movies on the plane. It would have been much easier to watch 1 or 2 movies than listening to 85 songs back and forth. Time to buy a few movies from iTunes.

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