Quote:
Originally posted by McDick
I agreed with you... this past week is just a minor correction/pullback.
DOW will be around 13500 to 13800 in the next couple weeks. In September, we will start the annual Santa Claus rally and DOW will hit 14300-14500 by the end of the year.
Those are my guess. This is a perfect to time to load up on energy stocks or tech stocks.
But I think Apple will test mid-$130 mark before going to $160 by the end of the year.
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My prediction is right on! I was surprised that Apple even dropped that much today.
Look out, if Apple drops below $130, there might be more to drop.
I am not surprised by today's action because I expected a pullback after the iphone. This is about time to buy Apple if anyone interested. Just have to watch tomorrow's action. I expected shorts will try to drag Apple below $130. We'll see. It's getting interesting as Apple doesn't have much new products to buzz in the near term.
I don't know how you guys think, do you think iphone will have an impact on ipod sales? Personally, I think so. If I have an iphone, why do I have to buy an ipod? That's my guess.