Institutions getting back into AAPL? Probably no doubt. If AAPL is going to post this huge profit compared to the loss expected, and are already talking about Q2 being profitable, I see no reason why the conference call won't be extremely bullish and we won't see a rise to 30 or more by next quarterly results reporting period. Now, anything can happen of course. BUT, AAPL having little to write home about for the past couple years, still traded 20s or more(the lows) most of the time till we busted through it last fall. Now that there is hope for a quicker turnaround than expected, why not buy AAPL now? If you aren't going to buy AAPL now, then when? They are posting profits two quarters earlier than expected and substantial at that. I see a pop to 25 in next two trading days, a consolidation, and then a slow rise to 30s over next three months.
I also agree that the estimate of 45 million is low, so not to be ebarrassed by overestimating. You don't want the high, because you may have calculated your estimate wrong. Probably better than 45, but not much. Who cares! BIG PROFITS!
Go AAPL!
Miller |
