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AAPL Stock: 111.78 ( -0.87 )

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Analyst forsees Apple pullback

updated 09:50 am EDT, Wed September 27, 2006

Analyst forsees pullback

Senior analyst Shaw Wu of American Technology Research today removed Apple from the firm's Focus List due to increased hype over Apple's expected cellular handset. "While we remain long-term positive, we believe Apple shares may reflect too much near-term cell phone optimism," wrote Wu in a research note obtained by MacNN. Apple shares have appreciated 15 percent vs. 3 percent in the NASDAQ since the firm added the Cupertino-based company to its Focus List roughly three weeks ago. "We would not be surprised to see a near-term pullback and would be aggressive buyers at lower levels (low-$70s, high-$60s)." The analyst also commented on Microsoft's new Zune media player, pointing to the company's possibly forsaken PlaysForSure Digital Rights Management (DRM), as well as its "partners" in the digital music industry. "We believe the unexpected side effect will be further fragmentation in the Windows Media market, creating more confusion to consumers," said Wu. The firm maintains its "Buy" rating on Apple shares with a $91 price target.




by MacNN Staff

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Comments

  1. Peter Bonte

    Joined: Dec 1969

    0

    I totally agree

    with an analyst, these day's we're never sure about anything :)

  1. jarod

    Joined: Dec 1969

    0

    When you've..

    got nothing intelligent to say, it's best to STFU Shaw Wu! Analysts should be shot and hung!

  1. jarod

    Joined: Dec 1969

    0

    What he's trying

    to do, is stimulate a pull-back in order to buy it cheaper. That's why he maintains the $91. This is the very very very lame tactic used by many incompetent analysts when they can't do proper research to recommend the right stocks from the very beginning to their clients. It works because unfortunately 90% of investors are dumber than a bad of hammers of a really good day. Their analyst says jump, they jump. He turns on the music, they dance. Idiots in every sense of the word.

  1. Pale Rider

    Joined: Dec 1969

    0

    the difference here.....

    and why--although this is a very valid criticism of many analysts--is that Wu DOES do his research. I am not a subscriber of his, though I do subscribe to some competiutotrs, but I have yet to find fault with Wu's advice when it comes to Apple. Has he been mistaken before? Of course, and if one had followed his advice in lockstep, you might well have not made as much money on Apple as you could have if you had simply bought early and held. But that doesn't make this particular piece of writing c***. You're entitled to your opinion; I don't share it.

  1. Pale Rider

    Joined: Dec 1969

    0

    one more note......

    Wu did not advise anyone to sell, which would arguably make his pull-back more successful. What he specifically said is that curent value may be overinflated. That will make the loser sheep think about selling, but if you're not in APPL for the long haul, now in fact might be a good time to sell. Depending on your risk aversion and your profit tendencies and your year-end tax strategy, that might actually be a good move.

  1. ClevelandAdv

    Joined: Dec 1969

    0

    Pull-back

    The fact that the stock pulled back from 85 to 51 does not seem to factor in to any of these analyst's figures. I just got an Mac Pro and am thrilled with the performance and flexability of the system - I think their sales of these systems will be much higher than all of these people are figuring on.

  1. Peter Bonte

    Joined: Dec 1969

    0

    iPhone

    After the introduction of the iPhone the stock probably go's down 5 points because of profit taking. If you want to sell short turn now may be a good time, that is all Wu is saying.

    IMHO, in the long run AAPL can go up in a big way. Licensing osX 10.5 isn't totally out of the question and from that day on just about everything is possible. Offering osX to the 100$ laptop project was a first step and Apple may well surprise us with a second step. :-)

  1. lockhartt

    Joined: Dec 1969

    0

    don't bash wu...

    He's probably the most Apple-friendly analyst that's in the public eye. His analysis is always fair and grounded (which is what it should be from everyone, but that's another story)... and this is no exception. There is too much hype out there on the iPhone right now, especially with no data on the product whatsoever.

    It's likely that Wu knows the original iPhone release will not be the the unit Apple originally envisioned, but rather a less ambitious product that became a fall-back when it was clear the original plan would not meet a reasonable timetable.

    In any case, good advice... and only time will tell what the iPhone will be and do, and when.

  1. testudo

    Joined: Dec 1969

    0

    Ah, yes

    If there's an analyst talking, you know jarod's going to be bashing him.

    And what is he saying, anyway, that causes the bashing? That he thinks apple stock might see a pull-back from profit taking in the near term, but still have a long-term buy. So, basically he's saying Apple's got a good outlook. If you want something that may well make you some decent return, buy Apple.

    Yeah, I can see why jarod hates it. Of course, if anyone dares say anything that doesn't include the words "Buy apple now! Don't even think of selling!", the person's an idiot. As if all stocks in the world are bought and sold on logic, numbers, and everything else, but Apple's is the only one bought and sold by the stupidest of traders who just don't know that Apple's stock is poised to reach the $1000 mark if only they wouldn't keep selling it at $5 a share.

  1. YangZone

    Joined: Dec 1969

    0

    he's right...

    it's reached a plateau... sell now... take some nice profit... and wait till the fluctuations hit below 70... maybe 68... fairly soon... and then, buy again... buy big... easy peasy... .

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