Replies to post #11805 on Marvell Technology Inc (MRVL)

[jbothoo7]

Rom, may I assume you reside in the UK? are you a Brit or a transplant from U.S. ? Reason I ask is I don't think you realize that we are really really on the cusp of a consumer lead recession here in the states. Many parts are already there (MI, CA, AZ, FLA in parts and other areas). I am sure there is a demand for this product in the rest of the world but there is demand for all phones at the moment. The sector is doing well. That is not in question. There is, however, a saturation point and I would submit to you that the demand cycle along with a slowdown in general will soften AAPL sooner than later and you will hear terms like "it was built in" when AAPL loses 25-50 bucks a share. Considering where it came from, that is not much of a cut but look for 100-125 by the spring. As usual, I talked too much so I can't post til midnight. I would not be at all upset with taking $$ off AAPL table right now considering the price on it today.

[jbothoo7]

Well, I guess my premonition came true a bit earlier than I anticipated.

Obviously, the correction in this stock and the other flyers was due at any time. Within an hour of my post was a bit of a surprise I'll admit. Some say the downturn began as the interview with HELLery Clinton began. A sign of things to come later in 2008? Could be.

As to AAPL. Great company. Great run and marketing is amazing. Their product are 35% hype. As noted, I have yet to see a single person with an I-phone to date here in wealthy, successful and unscathed New York. Unscathed by real estate issues to date or any sign of any economic problems. One place where things have begin to turn south is California and that could have already caused issues with sales for AAPL as most hot trends start there first and spread. So far, no spread and perhaps no craze to own AAPL either.

You could, of course, be correct. Sales could be amazing.Stock could bolt over 200. I doubt it but I probably won't bet with them at these prices or against them for now.