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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Rutgers who wrote (32066)	1/31/2002 1:43:22 PM
From: Artslaw	Respond to of 213173

Rutgers, Thanks for the positive words. I can only voice my opinion on Apple so many times, so am just sitting back. Apple is like a shepherd with a flock of sheep. Shepherd Steve fleeces his flock once a year and makes good money, but all he can do to increase profits is fleece them more often, because the fold never grows. This can never work. So now the resources are more logically engaged in trying to woo the sheep from other shepherds, but unfortunately, those other sheep have naturally short hair and the knowledge that, in their flock, the fleecing is both less frequent and less traumatic, all their friends are in their herd, they have a lot more sheeply options, and they are already generally happy. That's why I don't really worry, long term, about shorting this stock. In the short term, though, you are quite right. This stock is showing great strength, and if I were long, I'd be pretty happy (and thinking about taking some profits). The movement (in my biased mind) is largely due, as always, to a new product release. This always generates big shipments, with people extrapolating the same "growth" (if you can call selling to the same crowd 'growth') for additional quarters. I wish I had waited longer to initiate. That being said, I will most certainly short more if it starts basing. I was thinking 24.9, expecting good resistance at 25 to start the spiral downward. However, if it breaks 25, then it could rally to 27. I'll probably wait for a run past 25. I'm not so greedy that I worry about missing the high, and since I'm in the red, I am more conservative than "usual" (hard to feel "conservative" on the short side). One other comment while I'm here. Apple stores are like icing on the short-bread cake. I view them collectively as an ever widening leak in the cash reserves, but we'll see how it fleshes out. I greet each new store in exactly the opposite way as the majority of this thread, just like I interpret the recent posted data showing Apple going from 1.X% to 2.X% of unit shipments with a big grin. Regards, Steve