AAPL

AAPL stock stinks right now.  So what gives?  The news flow out of the company is nothing short of amazing, meaning good - no, great.  I am hearing big uptake within the enterprise for the Mac. I am seeing smartphone market share going higher.  How about the CEO of CBS, on his call, talking about the power of a product that's not even out yet -- the iPad -- there could be something big going on. 

So why is the damn stock going down? Why hasn't it rallied more? That's not the way Apple trades, unfortunately.  It pretty much waits for an event, runs up huge before it -- hint hint, what it will do with the iPad -- and then gives up some of the gain and consolidates. That's what I think it is doing now. I don't think it even matters how much good ink Apple gets for anything, including the iPad, for what will be great social media applications. The stock is going to be buffeted by the market on bad days and just hold its own on good days until we are close enough to the iPad run-up stage. I am a huge believer in the new product, given its television download potential -- older folks might not realize how many kids watch programs on their little iPod -- and its utility for Facebook. I also believe that an a la carte menu for TV shows vs. a monster cable bill reminds me very much of what happened to the CD after we got to cherry-pick only the songs we care about. But that's not Apple's problem. It is agnostic about who it destroys. Cable seems to be the most vulnerable, in that cable doesn't offer a cell-phone bargain, and the iPad users are all smartphone users. I believe that the stock just drifts for now. And that's about all you can expect, particularly now that the market has turned so sour....


long AAPL