I am back on Apple, betting a move towards $547 again. I mentioned in my previous article
http://www.danielloh.com/2012/02/our-us-stock-class-this-week-is-full.html
that you need to sell before product launch or when it reach $547. Indeed it reach $547 before sliding. Yesterday on launch date, it drops $5 to end at $530. Today it came up!
This is what I called, "After product launch play"! I don't think anything can stop this bandwagon moving towards $547, unless 2moro Israel drops a bomb on Iran. Ha...
This time, let us see if it cross $550, may take a while.... let us see...
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Saw the news that today Apple will have a review on its new product. So there may be some fluctuation, but it seems the media likes this new product with its all powerful memory system. It is touted to have the ability to replace Desktop & Laptop with its high resolution. Can u imagine how big a market this is???? After defeating Nokia, Samsung, Sony in phone, defeating Creative in mp3, defeating Amazon in Tablet, now they are going for DELL and HP.
Product will be in market on 16th March. One day or a few days after 16th March, the media will report on the sales of Apple "The New Ipad" in its stores. I guess people will be queuing again for it. I expect the launch to be better than expected, better than Ipad2 launch. So much hype now! Apple is receiving free advertisement everywhere.
If all goes well for Non Farm payroll, we might see $550 to be broken soon. Heading for $570...
