When are you going to stop going on about AAPL GOOG and RIMM? These are earnings growth monsters. I grossly dislike RIMM and I think GOOG is a bit of a one trick pony, but short them? Lol! Welcome to an early grave.
As for AAPL, with accelerating earnings growth and up to $5 Billion in deferred revenues due to be booked in 2008 (and not in analysts' public models), AAPL is set to deliver 50-75% earnings growth in 2008 and similar for 2009, irrespective of any recession.
Its simple math.
Seriously, you need to shape up your ideas on these large cap mega-growth stocks. Earnings growth is earnings growth. When you can look at a company and see 60-70% earnings growth year-on-year for the next 2 years at a minimum virtually guaranteed then you would be crazy only for not holding a stock. Its hard to put a premium on that kind of visibility, which is why people are paying up for it.
AAPL is cheap under $225 right now and could be pushing $450 in a few years, whether it sucks back to $150 short-term again or not.. betting against it and trying to time shorts on it has been a losing bet for the last 5 years. Only during the options backdating bullshit did the hyperventilating shorts manage to get any serious traction. Every pullback before or after that 5-month journey to hell and back has been very, very short-lived.
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