I've been buying AAPL since it split in 2005 and I've taken profits when it dipped only to see it rise again to meteoric heights. I admit that I'm not very strong in the art of the technical analysis of stocks, but I gauge AAPL by the traffic that I see in their stores. We all know that the Apple Stores are one of if not the most profitable stores in terms revenue generated by retail square footage. Every other weekend I visit the Apple Stores in my area. I've said to myself that when I started seeing significant dips in traffic at the stores I would re-evaluate my position. I'm here to tell you that the Apple Stores continue to be jammed packed. Recession or not, people are still waiting 4 and 5 deep to touch the products. I've also noticed that the new MacBook Air is getting as much attention if not more than the iPhone is receiving. Now I know that this is not a scientific approach, but I've always been amazed at the sheer cool factor of AAPL and the consumers desire to have it. I would not be amazed if AAPL blows away it 1st quarter estimates by a large margin. It really is hard to bet against Steve Jobs and Co.
$128.00999 (02/09/08)
