Apple Computers (AAPL)

[brett MM]

finding so[pport at 94.04 - 94.10 lowered guidance means the eps earnings per share for next quarter, or and next year have been lowered. Usually in the last 8 quarters they have icreased guidance. This could be an under promise over deliver tactic of Apple they are known for conservative guidance, but $1.14 per share v.s. estmates of .65 cents thats off by almost double.

[efex77]

Thanks! I was reading the news again and figured it was the new estimates of 0.56 per share.
What are you going to do with your options now? Do you think price will go up until friday?

[brett MM]

next support 93.23 1/12/2007 with all the calls @ 95.00 and even with lowered guidance the stock may settle in at 95, if it breaks through the support of 93.23, look for a settle @ 90.00 ish on thursday. It may surprise the traders and settle around 96.43. If it breaks through 97.60 during any time on thurs, it could settle on Friday at or just under the 99.48. There are 112,126 open interest calls @ 100.00 and only 85923 @ 95.00. Its a long shot, but it could migrate up to the 100 strike price. It did go up to 99.48. As a guide, the high trades after hours or pre market, are are sometimes revisited during the next day of regular hour trading. Cramer is saying dump rimm and enter Apple, so it might help a little. He is saying Apple is the #2 growth stock of the year, and is saying that Apple is sandbagging next quarter with the lower guidance, but reality will be higher a higher eps. Only time will tell, it did not test the 93.23 support level and is moving upward to 94.00 - 94.20. My Jan 90 calls got stopped out this morning. I did buy the 100 105 and 110 just before close, which I probably lost on. We will see thurs and friday. Unless some SUPER great news comes out of Apple before Friday, I think it will settle at 90 or 85 on friday eve

[brett MM]

Apple last trade 94.17

Look at this screen, it is an eps momentum screen, I am amazed at the number of bouyouts in progress it kicked out. Look at 10 month or one year charts on these.

FARO 3-d measurement
FMCN advertising on LCD screens (airports,public places, sport events)
GIFI be careful oil related
ICOS Buyout
SUNW personally I don't like this onefloat is to high
BRLC
AGR Buyout
ANAD
BDG Buyout
CLRK
HLIT
MAT
MHP
NLC
RRI
PNW
JADE most likely to be bought out
SMI most likely to be bought out

[brett MM]

Will see how premarket looks. If it is going south and not stopping on support numbers, I may purchase puts, and sell them after it bottoms

[anfern057]

Brett, what do you think of tech in general over earnings season and the next couple months? Blain and I were talking earlier and we are starting to believe the ralley is over and we could see a nice correction coming up, especially if Apple doesn't hold over support in the 92-93 area.

[Messman]

Now that Apple is back under 90 (actually under 86) is this a good time to buy. Assuming that the iPhone will be a hit, which i think it will, I see no reason why AAPL can't level out over 90, or even higher. All I've been hearing is "get out of tech," but why? Is Apple overpriced or does AAPL still have monster potential? I think AAPL has big potential. Long term, Apple seems to be a sure thing. They seem to be the only electronics manufacturer that really gets it; they innovate rather than imitate, they build high-quality products, they don't rush, and they're great at marketing and building hype. And it seems like they're just beginning. Five years ago, even 3 years ago, Apple was nothing. They introduce the ipod and shares increase about 9 fold. And they haven't done much since. Can the iPhone have a similar effect? Surely not to the same extent, but how about after the iPhone, whats next... maybe they get into LCD TV's - a huge market. My point is this, the new and improved Apple is extremely young. AAPL only produces a few products. If they continue to expand into other markets with the same effectivness that they have so far then they can grow to be a global electronics powerhouse like sony, maybe better. I, along with most, am a big believer in long-term investing. I see Apple as a great move long-term and I know I'm not the only one. Am I on the right page here or am I missing something? And someone explain why tech is in such big trouble?

[Kharma]

Is any obeservation on AAPL at these levels. I believe all the after effect of earning fatigue is over and AAPL is looking to comback to 90's from now.