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AAPL will go UP
$130.00 on 8/14/09
$199.92 (101.61% from time of market call)
There is much talk about shorting Apple because some think it will be leveling out at around $85 sometime soon unless of course they release a shiny new product, but It's not just a compelling new product that could increase Apple stock.
Apple has been in talks with China Mobile now for over 18 months with the most recent reports showing that talks have stalled due to who will be able to sell IPhone apps to China Mobile users. China Mobile has over a 72 percent market share with over 630 million subscribers, introduce the IPhone into China and you will see a surge in both companies stock. Expect to see the change coming in the form of either a price point reduction per unit or a reduction in Apples requested 20-30% cut of revenue generated from China Mobile users. All of Apples requests seem to be in line with their previous proposals to other carriers, however China and the appetite of the Chinese people for the IPhone is not your average cell phone market so Apple needs to adapt. Apple needs China Mobile much more then China Mobile needs Apple, so expect Apple to adjust their proposal sometime in the summer to accommodate some of the requests of China Mobile. I would be more inclined to take a long term approach in AAPL rather then shorting it. But what do I know, I'm still a newb when it comes to investing...
Yeah probly wont be happening anytime soon buddy. There trend for
the past 5 months has been a resistance level around 98, Then a
bottom around 86. Those looking for a good day trading stock with
some good swings, Look to load up around 88 and sell the high
9's.