General Discussion

AAPL

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geomatster
10
#1 Wed Aug 22
Apple has unleashed a range of products along withe the refurbished iphone at a discounted price for both the 4GB and 8GB, model. The various range along with the discounted price seems to have done the trick for Apple and has resulted in its gain of about 4.4% on Tuesday. How many of you think that apple will sustain its growth path for the rest of the month?
geomatster
10
#2 Thu Aug 23
Technically AAPL looks real good...take a look
http://www.marketsimplified.com/technical/index/AAPL/365/1?category=simple
ishmiel
10
#3 Thu Aug 23
I agree, AAPL is still always on my favorite. My only hesitation atm is the whole sub-prime and fund rates ordeal that's driving the whole market down - and making things cheaper. I still don't think the volatility is over yet. Let's see what the housing stats that are out Friday and Monday says.

Meanwhile, for AAPL directly, their technicals look great. No matter how bad the market has been, if you look over a 3-month timespan, they've been able to hold strong resistance at the 100-day MA of $116.05, so I think they certainly won't fall below this point (lowest was Aug 16 last week). At the same time, they've just exceeded the 50-day MA, and it's dipping back down to it at $129. In the short-run, I think they'd still juggle around this range, 116-129 (and I'd pick some up by 116), with all the uncertainty market its risky.

A little further down the road, 150+ is definitely my target. What do you think?
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