Love it or hate it: Apple

AAPL 268.64 +7.04 +2.69%, low of day 262.01
> Pro: 3G iPad coming next week
> Pro: Souped-up iPhone coming this summer
> Pro: Earnings last week were fantastic (didn't include iPad sales)

> Pro: New revenue stream starting (iAd to take market share from Google)

> Pro: new stores opening in Europe and cellphone-crazy China

> Pro: iPhone has a 70% share of the smartphone market in Japan already

> Pro: Sooner or later, Apple will start its own search engine

> Pro: Forward P/E 17.81

> Pro: Profit margin +21%, oper. margin +29%, ret. on assets +18%, ret. on equity +34%, yoy rev. growth +48%, yoy earnings growth +89%
> Con: Run-up has been extreme, from 192 to 271 in two months; profit-takers abound
> Summary: As safe as any growth stock in our generation. I like it better at 250-255 (pre-earnings)
> Candlestick chart analysis: Wait (today) American Bulls