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Technology Stocks : Apple Tankwatch
AAPL 268.42-0.5%Nov 7 9:30 AM EST
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To: Zen Dollar Round who wrote (136)2/24/2011 4:08:58 AM
From: FJB  Read Replies (1) of 32680
 
I see Apple going up(not straight of course) until the first major shortfall in comparison to expectations. 100 million iPhones seems to have become the generally accepted forecast for 2011. If it becomes apparent some time in Q3 or Q4 that this number is not doable, that will be the all-time peak for the stock.

In the intermediate term, think US budget issues, energy issues and geopolitical concerns leave us ripe for a major correction. OTOH, iPad announcement on March 2 could get people excited about the stock again, but not sure if it will be enough to overcome overall negative market sentiment.
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