To my uneducated mind there are a lot of things that can hurt AAPL (and other stocks), like the economy, terrorists, Iraq, elections, the FED, etc.
Since I bought a small amount of AAPL at $15 I've seen the market push it up even with a lot of problems, especially the delays in meeting demand and the problems with the 90 nm fabrication process.
If Apple has a strong winner with the iMac and the iPod connects almost as well as the ipod mini then I believe that it will be moving up in the next 60 days - assuming no serious national or international problems.
While there are still a lot of engineering challenges (especially with IBM fabrication) I believe that those will be handled within the next 12 months.
Most important is the fact that resolution of engineering and supply issues puts Apple in a very good position. There is a demand for these products, while Intel has announced that they have about half a billion dollars worth of processors in their warehouse (mostly high end chips) and are selling mostly the cheaper products.
12 - 18 months is a long time, especially in the world today, but I believe that there is room for growth for companies that have demand for their products, are able to deliver those products to meet demand, are profitable and have a good cash position. That's why I'm willing to buy more AAPL if it goes much lower, and why I believe that it can reach a solid $40s level.
Since I bought a small amount of AAPL at $15 I've seen the market push it up even with a lot of problems, especially the delays in meeting demand and the problems with the 90 nm fabrication process.
If Apple has a strong winner with the iMac and the iPod connects almost as well as the ipod mini then I believe that it will be moving up in the next 60 days - assuming no serious national or international problems.
While there are still a lot of engineering challenges (especially with IBM fabrication) I believe that those will be handled within the next 12 months.
Most important is the fact that resolution of engineering and supply issues puts Apple in a very good position. There is a demand for these products, while Intel has announced that they have about half a billion dollars worth of processors in their warehouse (mostly high end chips) and are selling mostly the cheaper products.
12 - 18 months is a long time, especially in the world today, but I believe that there is room for growth for companies that have demand for their products, are able to deliver those products to meet demand, are profitable and have a good cash position. That's why I'm willing to buy more AAPL if it goes much lower, and why I believe that it can reach a solid $40s level.
