APPLE SUPERB earnings! BUY $AAPL short $RIMM

Apple earnings rocks again! Steve jobs has done an amazing job taking care of Apple baby products.

Looking at the jump in iPHONE sales, I have to agree with jobs that AAPL is a great company to own. The company is not highly leveraged like the other tech companies, hence you will not really see huge price upside despite its amazing growth.

This is a great company to own in the long term. Slow and steady wins the race.

Reason to own this stock….

AMAZING PRODUCTS

IPHONE SALES WILL GROW (Smartphone market is growing)

BLACKBERRY SUCKS (my opinion). IPHONE will kill it. (Most corporations are shifting to iphone from blackberry.

My TECH pair trade…. BUY AAPL, SHORT RIMM

GOOGLE is another good company to own. Android is promising. But IPHONE is still unbeatable. (BIASED!!! :)

ipod touch sales are rising enormously. the ipod touch 4g was sold out in some online stores.

Go apple. (I HATE MAC THOUGH, WINDOWS is better). APPLE is focusing more on the mobile segment, while Microsoft is focusing more on the pros.

Apple is a buy at $265. $AAPL

based on the charts, it looks like AAPL may experience a few more days of declines.

When it reaches that support at $265, aapl should be a good buy for a long term portfolio.

iPAD booster. APPLE INC on fire. $AAPL, $MU

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.

Alcoa Inc remains the Dog of the DOW. Bank Of America Corp has broken out. APPLE Inc is getting interesting. $AA, $BAC, $AAPL

I am still long AA, BAC, X.

Alcoa Inc. Pullback is a buying opportunity. Alcoa Inc is still the worst performer of the DOW-30 index. A mid-day buy recommendation by ARGUS did not help to lift Alcoa today. While other commodities stocks such as United States Steel and Cliffs Natural Resources continued to rally, Alcoa Inc was sold off or shorted.

Today trading range was quite tight. There are still many buyers, albeit more sellers. Nevertheless, the stock is still at the upper Bollinger Band and there is still room for a rally to the breakout target of $15.30

 

Bank Of America Corp broke out today. The stock is on its way to $18.

APPLE stock is very overpriced, but investors are still willing to pay a high premium to own this stock. The launch of the new IPAD in early APRIL is an impetus to buy this stock now. Investors or speculators are thinking that the IPAD sale is going to increase APPLE profits. However, I think that the IPAD sale would lower their IPOD touch and MacBook sales. Thus, I am not a fan of APPLE stock now for many reasons – overpriced, little growth, hype stock, low rewards/high risk (MAX of $250 8% gains, but high risk). For a tech play, I would choose INTEL over APPLE.

Alcoa Inc will be in the spotlight tomorrow. The unemployment claims would certainly affect the market tomorrow. Traders are watching for a modest decline to 450k in order to fuel this bullish rally.

Alcoa Inc and Bank of America Corp should enjoy a pre-earnings rally. Alcoa Inc pre-earnings target is $16 while BAC’s one is $19. However, it does depends on the fundamentals of the market which is now unstable as traders are speculating that the NFP report is going to show a gain of 100k to 350k jobs!

If NFP report does show such large gains in jobs, then I believe the market will rally to 11400 by June. It seems like this year’s low was in February and we are now in another year of bull rally.

Apple Inc wait to buy opportunity. $AAPL

Apple Inc has lost its sense of direction lately. The stock is overpriced as people are willing to pay a heavy premium to own APPLE shares.

If you want to buy more Apple shares, allow AAPL to dip to $216 level and take profits at $236 for a 9% gain.

Watch for a close below he middle Bollinger band to confirm the dip.

APPLE BREAKOUT! $AAPL stock is getting hot.

APPLE stock is going crazy. The latest upgrade and the crazy tech rally is helping AAPL climb to new highs!

Target is at $240. I will start selling at $225 and buy back at $200

Once it reaches $230 and above, you should watch the PUMP AND DUMP video again.

apple computer inc AAPL finally looks like a solid buy.

apple computer inc AAPL has shown that it is not going to form the head and shoulders pattern that I posted previously. (Check the APPLE section) Scenario 1 seems to be taking place.

Recently, Morgan Stanley reiterate its bullish stance on apple computer inc. It even gave Apple a bullish target of $325, but I rather look at its $240 target for now. That $325 scenario is over optimistic, it assumes that IPAD is going to rock the future. However, personally, I doubt that the IPAD is going to be that popular. But apple computer inc never fails to surprise us with their product.

Anyway, the chart speaks a thousand words. AAPL has defied all odds, and with Morgan Stanley and many other analyst lining up to pump this stock, we as the small guys should join in the line and load up on AAPL. The support is at $180 should AAPL drops drastically. However, the upside is $240, and maybe even $280 in the near term. The reward-risk ratio is too good.

I am bullish on apple computer inc. AAPL is the tech stock to buy.

Apple INC AAPL head and shoulder formation or … ?

Apple is a buy at $180

Watch whether the head and shoulder formation would be formed. I would not short APPLE as it has good fundamentals, but I would be watching for a retracement for a BUY TO INVEST at $180.

Apple Inc. AAPL technology review

First Technology stock being reviewed as requested by a visitor.

Apple Inc. AAPL is in an interesting trading range. Bulls are the biggest believers in the TECH rally while BEARS feel that the Tech stocks are overvalued. As of now, Apple is trading higher than it used to be. Traders are thus finding it uneasy to allow Apple to climb to high in such a turbulent economy.
Bull CASE:
Sales are shooting up. IPAD will drive in revenues
Technology sector will rise
BEAR CASE:
Apple Inc. is severely overvalued.
Major resistance seen at the 200 and above level.
Investors and traders are pressuring high prices, disallowing Apple to be above $200 for a few days.

I will just use the chart to tell us what is happening.

BULL:
There should be support at both lines I have drawn. The first line seems to be broken today, thus the stock should head to the bottom line which is a stronger support as it is also the BULL FIB line of the major uptrend that started in March 2009.
Stochastics suggest that Apple is oversold and it is ready to cross upwards signalling an upward rally.
Stock has not risen more than 20% above the highs a year ago. There is still room for growth.
Apple sales are indeed going up. And growth seems to be sustainable with their superb innovation. Thus allowing the high P/E.

BEAR:
Moving average seems to want to dive downwards.
Stock has been in a consolidation for 2 months and the Bear would win if the stock head downwards to the 23.6 Fib line.
As a result, the stock may want to retrace to the 38.2 FIB line which is the strongest support for a fundamentally sound stock.
Stock may want to test the 200SMA.

PLAY:
Wait for clearer chart signals.

I will accumulate APPLE INC AAPL at each FIB line as the fundamentals are too good and may override the technicals. However, we must still obey the patterns of technical analysis as traders often take advantage of them.

BUY APPLE INC AAPL @ $180