Replies to post #11223 on Apple Inc (AAPL)

[KVW]

No way am I selling at $24. In fact, I'm tempted to buy more. The pullback in the NASDAQ is just another buying opportunity for those who haven't gotten on the train yet.

I read the ML report and it seemed thorough and well thought out. The analyst doesn't believe in AAPL for the long term (greater than 2 years), but did take the revenue estimate for the Christmas quarter up to almost $2B.

I believe his ASP for the PowerMacs might be low since I think the top of the line was the best seller and the number of PowerMacs sold is too small (his estimate is 250K when I think 300K to 350K is a better number.

The estimate of 15 cents for earnings also takes the number up. I'm expecting more.

Also, you need to give it a few days for an upgrade to be fully reflected in the stock.

Kevin

[tfigs]

Merrill says buy...

I agree: the situation may be different now, but the record of Merrill's Hillmeyer this spring wasn't very convincing.

(I took it as contrarian confirmation of my own interpretation, and--bolstered by Pinza Todd's analysis on this board--bought more at $12.)
________________________
AAPL at $14; SELL!

April 10th, 2003
“As for its stock price, Hillmeyer believes Apple could trade at or even below $11.50 a share over the next year,

...In a critical light, Hillmeyer suggested Apple should seriously consider switching to a more "industry standard" processor like those from Intel or AMD, and move away from the PowerPC processor if it wants to improve its long-term competitiveness....”

http://www.macobserver.com/stockwatch/2003/04/10.1.shtml ________________________

AAPL at $19; OOPS, DON'T SELL!
June 24, 2003

http://www.stockselector.com/analysts.asp?symbol=AAPL