Coming Clean on Apple (AAPL)

So usually I make a point of warning people on my blog when I do stock trades (I buy, you sell)… Unfortunately, my busy travel schedule and sketchy web access has not allowed me to provide an update.

Based on the rapid drop of the market recently, AAPL is back to what I consider a ‘reasonable’ price in the low $160 range with an earnings report scheduled for Tuesday of next week.

This earnings report will include the results of the Christmas season, which I believe will be stellar for Apple. The whole market has been hurt by recession fears, sub-prime mortgage shenanigans, low housing starts and not-great Christmas numbers. I don’t think these really impact Apple in any significant way.

Apple Logo

I hope to take advantage of the ‘low’ price to make some quick money on the earnings announcement next week. The biggest risk is how well the analysts have predicted Apple’s numbers. If they do their usual job of low-balling, I should be happy come Tuesday!


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