From The Stock Masters
Every finance TV channel and website can’t mention Apple, Inc. (AAPL) enough before they report earnings this Wednesday on April 25th. So with shares
pushing $93 and change everyone is placing their bets, just as many short and just as many long. You don’t need to be reminded of their technologies and those clever but now tiring Apple Ads that you see every 5 seconds on TV and the net. It appears that Apple will have a good quarter and possibly a few more, but then what? Today Am Tech/JSA Research reiterated their "Buy" rating and raised their target price form $118 to $145.
Our own Eric C. talked about how Apple could tank and crash hard last week – what if he’s right? All it takes is one bad earnings call, so with 10,000 stocks you could be holding, why risk it on an earnings call?
Chances are the bulls are going to win on Wednesday’s call but the big picture remains – how long can AAPL keep the momentum? So what do you think America, is it worth it to place your bet on Apple? Article at BloggingStocks – Short Apple here? Yeah, right….