Discussion in 'Stocks' started by dtrader98, Feb 6, 2007.

  1. Apple has just turned around on large volume spike. Hammer bounced off daily channel support. If hammer holds at end of day, a lot of heavy short sellers could be squeezed shortly. Seems like a good entry pt. with channel stop in place.
  2. 15:03 AAPL Apple: Steve Jobs issues "Thoughts on Music" on Apple website (83.63 -0.32) -Update-

    There have been various headlines hitting the wires from Steve Jobs' "Thoughts on Music" letter posted on Apple's website (see 14:43 comment). The following excerpts are from the letter: "With the stunning global success of Apple's iPod music player and iTunes online music store, some have called for Apple to "open" the digital rights management (DRM) system that Apple uses to protect its music against theft, so that music purchased from iTunes can be played on digital devices purchased from other companies, and protected music purchased from other online music stores can play on iPods. Let's examine the current situation and how we got here, then look at three possible alternatives for the future... In 2006, under 2 billion DRM-protected songs were sold worldwide by online stores, while over 20 billion songs were sold completely DRM-free and unprotected on CDs by the music companies themselves. The music companies sell the vast majority of their music DRM-free, and show no signs of changing this behavior, since the overwhelming majority of their revenues depend on selling CDs which must play in CD players that support no D.R.M. system... So if the music companies are selling over 90 percent of their music DRM-free, what benefits do they get from selling the remaining small percentage of their music encumbered with a DRM system? There appear to be none. If anything, the technical expertise and overhead required to create, operate and update a DRM system has limited the number of participants selling DRM protected music. If such requirements were removed, the music industry might experience an influx of new companies willing to invest in innovative new stores and players. This can only be seen as a positive by the music companies..."
  3. not too late to join the party. A lot of shorts have been jumping on this the last few weeks.
  4. tons of blog sites have been shorting this lately. Unfortunately, it appears that the large volume spike on the left was not distribution. MMs did a lot to shake out longs the last two weeks, adding to the short fuel.

    Now it's time to shake the shorts for a while.
  5. AAPL is such a news happy stock. That scares me for any type of long term hold.
  6. Where is strong growth going to come from with Apple?


    iPod saturation has occurred, and MAC growth is not all that impressive in absolute numbers (the base is so low that modest sales increases give skewed % upticks).

    And the iPhone? With the projected pricing and building level of skepticism among business adapators - isn't it going to be a relative drop in the commodity cell phone market, as pretty as it may be?

    I don't see Apple as having a compelling organic growth story anymore. The iPod was its real catalyst since its $10 level in 2003, and I can't imagine what will recreate those legs for Apple.

    Maybe the one bright spot will be content provision (music and video sales).

    Maybe Apple will become the new media company with the high priced content that is the consumer 'must have' product, in the wake of its great success of iTunes. But then again, that seems far less proprietary a field.