Go to goog and look up Zacky + AAPL and look for his report dated last night. Love his call for "an easy 50% upside" for portfolio managers as early as July 2012. He shares our joy to see the fear-mongering and #$%$ like Kass suggesting the AAPL story is done. Zacky must be reading our private circulation on valuation and chart analysis... or maybe just doing his own work and thinking through valuation and the chart. His record on AAPL is almost as good as ours since he began publishing (we were heavy in the fund two years prior).
Closer in than his late or as early as july 2013 target of $1000, the Bollinger band, RSI, MF, macd and essentially every tech indicator flashing oversold. And, just for the dolts, we are talking about 20 day resolution, not 10 minutes, not 2 hours, not 2 days... more like a few weeks. We see the stock slapping past $700 before the end of this month, and $750 before year end is a slam dunk now barring a catastrophic market meltdown (an event we don't foresee). Shorts on this will be mashed into the pavement over the next several quarters as China Mobile comes over the top with a finish coat. LOL
Sleep tight longs. The Mini schedule will be confirmed this week and the i5s stocking will continue improving by the day. Our local BBY even got in another 30 black phones today (gone by the time we left the mall.
4Q and into the next few quarters AAPL revs, earnings and cash flow are going to smoke current estimates. $100 by end of year s our pal Zaky says.