Friday, May 23, 2008

Apple Heading for $156

The economics for Apple subject a pullback to around $156 by the end of the month and then $150 immediately following the WWDC conference. Trend lines then show signs of an uptrend for the next month or so when global iPhone and Mac sales destroy market estimates.

The current situation is driven by a low market and the fear of an over bullish jump in apple stock I wouldn't expect apple to stay down so now is a wonderful buying opportunity.

Recommendation: (Buy)
At Price: $160

You don't have to but it would help me pay for my teaching degree if you all clicked on both ads. I have to make $2871 to pay off the summer semester and I'm only at $87 right now.

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