I can only advance my opinion, but odds are high enough that any play on AAPL at an entry point lower that the 36 3/4 close of Friday can be exited on Thursday with profit, and at some point before the end of the month with greater profit. The good news this time is that there's no bad news, and that's a lot!
Prior to the ER, AAPL will not experience the usual speculative run up, so there will be no strong impetus to take profits on the news. With the CPQ news fresh on investors minds, AAPL beating expectations will, at the very least, create higher support than the previous level of 32. Conservatively, support will probably be closer to 36 with a test of 42 likely before the end of the month. Optimistically, AAPL will beat expectations by a much tighter margin than in the past quarters and get rewarded like it should have been last quarter.
But what I'm counting on primarily is that after a good ER, official release of the news of the speed bumped iMacs will set investors thinking about how this "little company" can maintain its momentum and margins in a box maker war zone.
HerbVic |
