Apple Inc (AAPL)

[KCMW]

My advice - don't listen to me ;)

I have done a lousy job of getting in/out of Apple the past year and a half, but have made considerable money despite myself. Kinda hard not to with a chart like AAPL.

It's easy to see the stock as riding high on expectations, ready for a drop on any bad news, but...

Apple/Jobs have made some incredible moves. If the iPhone intro goes well, we have seen this company make a shift from OS9/beleaguered to a highly respected OSX/Unix/iLife provider. They now dominate what was a fledgling portable digital music player market, run *the* on-line music store, have established highly successful on-line and retail stores (which everyone predicted would be a flop), made the transition to Intel architecture, and now the iPhone (and A-TV, which we may be underestimating). And Jobs recently talked about changes to dot-mac.

And how many flops in that time frame? Over-priced Cubes, under-powered minis, some quality problems (hopefully reduced with the more established Intel architecture) underwhelming dot-mac, options backdating issues, and ummmm, probably not much else. I can't help but think that track record means that this company has more tricks up it's sleeve than we can imagine.

Now, if only those Burst patents weren't hanging over our heads like a Sword of Damocles. ;)




-KCMW