Friday, February 8, 2008

Apple sweet again?

AAPL was on sale at 117 mid-day recently. Now it's up to 122 plus and the price is still cheap in the eyes of some. Romeo Dator (All American Equity Fund), Darren Chervitz (Jacob Internet Fund) and Gary Bradshaw (Hodges Capital) are bullish.

>> Apple Ready to Shine Again

RIMM is up today, as well, and AMZN announced a $1 billion share buyback. That's a lot of money. Enough to fly to the moon and back a few times.

Apple might be worth dipping into below 120, but at 122? I'm not convinced the bears who pounded AAPL down from 200 are done yet. I need to see massive volume before I think about wading back in. Even as I type away on my trusty ol' PowerBook.

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