Searching through the blogosphere, I noticed that many people are shorting Apple. Full disclosure, I own AAPL , and am curious why so many are short. The stock held up great today, given the tone of the market, and earnings are next week. If we get blow-out numbers, which I believe we will, Apple heads to $200 with ease.
If I did not own Apple at this point, I would buy a small position now, wait for earnings, then add to it after the report-- no matter the results. Worst case, you get to buy AAPL cheaper ahead of the best quarter in company history. I believe after October 22, Apple only moves higher-- the dips will be bought.
Forget about iPods, Mac sales (personal computers) will be phenomenal.
Note: I really like VMW, take a look at the premium for the November call options. People are betting on a serious move. Earnings out next week as well.
Note II: The Indians (& Browns) win! Long live BWLD.
"Buffalo Wild Wings: Success of Ohio teams could drive Q4 sales trends. Merriman notes that approx 20% of BWLD chains are in Ohio. Firm says with the success of the Cleveland Indians and increased optimism for the Cleveland Browns, hometown sports teams should help drive customer traffic. After finishing in 11th place last year in the American League, the Indians are now in the AL Playoffs for the first time since 2001. There is also renewed optimism for the Browns with a 2-2 start. Given the difficult YoY Q4 sales comparisons, firm believes continued success from each team could boost optimism for BWLD shares going into the end of the year. Firm has a potential valuation of $45-$50 on the shares." - Hat tip: "The Fly"