Don't know. As I said in last night's post, there will be pressure
to close Friday at the lowest price possible to help expire the
call options out of the money. And someone has to decide to buy
in bulk, institutional investors, to make the short squeeze, and
that won't happen until some analysts start reporting upwardly
revised opinions on AAPL. So, still possible for the stock to move
above 30 and put options in the money, but also very possible to
even settle back at 27-1/2 late Friday. For example:
NEW YORK--(BUSINESS WIRE)--April 16, 1998--"Apple Computer
Shares Still Rated Avoid by S&P Despite 2nd Quarter Profit"
S&P analyst Megan Graham-Hackett continues to rate the shares of
Apple Computer (NASDAQ:AAPL) avoid after the company posted second
quarter earnings per share of $0.38 versus a year-earlier per share
loss of $1.42 (excluding a charge). She noted that while Apple's
earnings beat both her estimate and Wall Street's mean forecast,
revenues continued to decline, falling 13%.
But if we see some analysts taking the other point of view, then
that may be the cheapest we see AAPL if there is only positive news
in the coming weeks. My biggest concern is what Jobs will say
about continuing as CEO. |
