Amazing strength by the Dow this morning. I would not advise jumping just yet, but in a few short days we are going to have one of the best buying opportunities of our lifetimes. I’ve been bearish for month’s but during bear markets we always see 20 percentage point bull runs.
Why will I be stocking up on AAPL options?
As I’ve mentioned before, I have followed Apple for a long time. Yesterday, I saw a pattern I was familiar with: Selling into strength or cashing out. It says nothing about the announcement! It’s just a great buying opportunity! We are truly living in historic times. Apple has just unveiled that the iPhone is the biggest game changer since the advent of the personal computer.
I’ve written about the Nintendo Apple comparison for some time now. Just last month I claimed that Apple was copying Nintendo, not the other way around. Let’s see if I can put this in perspective. Apple has done what Microsoft couldn’t with the iPhone internet browser. Apple beat Google to the completely open platform. Apple beat Nintendo by turning gaming truly mainstream. Absolutely amazing. Now, if Apple buys Yahoo! the technological arsenal will be complete for a technological onslaught in the second half of 2008.
I’ve said it before: Apple won’t be going below $113. Why? I don’t know, it’s just a hunch. Like the 75 basis point cut call three weeks ago or that we would be retesting the lows by early march. The last time it was valued at $113 was last August when the credit markets first came under turmoil, right before the first emergency fed funds rate cut.
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March 11th, 2008 at 7:56 pm
Wait…how did Apple revolutionize the gaming industry?
“Apple beat Nintendo by turning gaming truly mainstream.”
May 1st, 2008 at 1:15 pm
[...] March 7th, I wrote a post called, “Apple’s Ace up Its Sleeve.” I proclaimed that Apple was about to take off and I explained why I was stocking up on Apple [...]