iPAD initial sale may have already reached 700,000, more than what many analyst have predicted.
APPLE INC never fails to surprise us. What is the trade?
$AAPL might gap up on Monday.Will the stock continue to soar from there?
I am thinking that it might. 60% confident that AAPL will continue its crazy hyped up upward rally. Some analyst have priced this stock at a whopping $300. I am no fan of APPLE and I seriously believe that this is the biggest hype. Microsoft will come out with their innovative products soon and APPLE will only be left to please its loyal customers which have increased significantly.
The best play is still CHIP MAKERS such as my recent pick – Micron Technology. $MU or San DISK $SNDK. Even though iPAD chips are supplied by SAMSUNG, the demand for NAND chips is very high and this has pushed the price of the chips upwards. Both Micron and Sandisk will definitely benefit from this rally.
iPAD is a big boost for the Chip maker industry, just as how iPHONE caused a price surge in the CHIP industry in 2006. Will this happen one more time?
Micron was trading at $20 then. San Disk was trading at $50 then.
While APPLE may enjoy its HYPED rally, I don’t like APPLE, but i like both Micron and Sandisk.
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