Apple Computers (AAPL)

[Jack Haddad]

Sold 12,000 shares at 68.76 Earnings were spectacular, and I expect to grow more... Lots of people with Ipods and Imacs yet to buy. China and India's market still remain untapped. Can you imagine the profits once they begin buying?!

[Stocktrading101]

That I cannot! Cramer calls it going to Par which seems feasible by late 06 maybe. As of now anything under $70 looks to me as a strong buy. Sitting right at tis 50MA and the heavy accumulation yesterday yet again puts a good spread on it. $73ish looks to be resistance but time will tell how long that will last for. Maybe I will pick some up Monday pre-hours, seems like the train is still getting into motion.

[Jack Haddad]

Fundamentally speaking, AApl sold 8.5 million ipods in its fiscal second quarter-- a 60 percent leap from the same period a year ago. Also, Apple's computers are less than 5% of the total US market; that said, can you begin to phantom the remaining growth potential?! Accoring research firm NPD, AAPl gained more market share by climbing frmo 71% in december of 2005 to nearly 84% in march of 2006. No wonder why they have already spent 120 million on a new data center to support the second campus that they bought for nearly 500 million. This campus will house as many as 3, 500 employees, said their CFO. Their plan to build a 50-acre second campus signals that their frowing dominance, particularly in the digital era, shall continue.

From a technical perspective, the April 6th of 72.05 appears to be the next resistance for AApl. It's intereting that the 3-month key resistance has also been pretty close, 72.40 for both Feb 14th and Feb 28th. For those wishing to establish a long term hold, AAPL is safe; it's certainly trading aboce all EMAs (exponential moving averages).

Opinions?

[Jack Haddad]

Bought 4 blocks at 67.52, and wrote 400 deep in the money April 67.50 calls for 4.20/contract. The strategy is to have my stock taken away by April expiration while I pocket a nice premium. Three weeks to go... Let's see what happens here.

Have a good weekend everyone!

[Jack Haddad]

Correction, sorry, I bought 4 blocks at 70.52 while selling the calls at 4.20/contract. Sorry for the confusion.

[Stocktrading101]

Trading below the 50 MA and now the 200 MA it's gonna be tough to break both. Now that the 200 MA support is gone I am bearish AAPL, though I do still want to get my hands on an Ipod (haven't joined the entourage of Ipod owners yet)

[Stocktrading101]

good luck.

[luckyin858]

where are the 2007 posts?