March 23, 2006

Apple Update

Apple hits 60 today and is a completely broken stock. The company is fine.

Lot's of negative headlines as you would expect. The French, the DRM issues, blah blah...

I like the company for it's dominance for now in music, and early video. The retail stores continue to hop and the products are still the best on the market.

Now that the stock is broken, and momentum is out, people look at the value and see an expensive stock which feeds on itself and unless there is good news on the horizon, the stock will struggle.

I believe there is no better positioned tech company now that combines media, fashion and technology so I like the weakness on this stock.

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