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Old 07-18-2009, 03:40 PM  
danheil
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Join Date: Dec 2008
Location: Hollywood
Posts: 73
i beg to differ

i think that's really a rough call on that one. I think alot will depend on earnings reports of on monday and the same day. the market will be looking for signs of economic recovery as it has been, but apple is a guaranteed beat, close, but the fact of the matter is that apple has been increasing estimates(always good of course) but in a bleak market these estimates are allowing the stock to start to become overvalued, and unless you expect estimates for 2010 to jump into the 7 dollar range soon, i think apple is at a temporary peak. a beat in earnings will not provide as much of a price increase as usual. keep in mind, since the market looks forward, a beat in earnings, is actually already factored into the stock price at this point. i think any jump in price will depend on CAT's earnings, airlines are alos resporting that day, as well as sherwin williams, starbucks, and coke which are all huge companies. anything drastic is reported in any of those companies, it could knock the whole market out of whack and then ARMAGEDDON. so just buy a few options contracts with august expiration, with a 150 155 strike price, double your money and look out for something not so obvious to make some real cash.
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