Lion's AppleWatch

	Monday, April 30, 2012

MacDailyNews:

Cramer: Apple stock is an investment, not a trade

"Apple proved Wall Street analysts wrong when it released earnings results that showed its quarterly profits had nearly doubled, while its revenue easily topped expectations, Jim Cramer said Wednesday on CNBC's 'Mad Money,' Drew Sandholm reports for CNBC.

"Thanks to Apple's blowout earnings, its stock surged almost 9 percent to finish at $610 a share. Apple is nearly 6 percent away from its all-time high of $644 a share. The stock sold off 11 percent going into the release, though, due to a barrage of "awful and unhelpful" commentary from the Wall Street analyst community, Cramer said, Sandholm reports. "Wall Street analysts don't exactly have a sterling track record, but this, this was perhaps the biggest screw-up we've seen with a high profile stock in ages,' he complained.

MacDailyNews Take: Yeah, right. It was a "screw up. A planned "screw up. Talking down AAPL in order to hop aboard for the ride up is the ruse everyone with at least half a brain knows. As we've written frequently, as recently as January:

AAPL is like a buoy. Quick, it's back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under.. lower, lower... good! Now, quick, everybody jump on, and we'll take a ride back up to the top again!

Rinse, lather, repeat.

Sandholm reports, "To make his point, Cramer first noted that he views Apple as an investment, not a trade. Apple has an inexpensive stock that sells at a discount to many other technology stocks, Cramer said. He thinks the Cupertino, Calif.-based company has great future growth prospects, too, even despite the recent passing of Apple founder Steve Jobs... I say stop listening to all of these bogus trading calls and focus on investing in Apple. That's the only way to make money in the most important stock of our time.'

Read more in the full article here.

MacDailyNews Take: At the most basic level, it's extremely simple: Pump, then dump. Foment, then buy. Rinse, lather, repeat as the SEC sleeps.

11:37:29 AM

Apple at $1,111 per share with a $1 trillion market cap in the next year

"Topeka Capital Markets analyst Brian White[sigma] who made headlines back in April by setting a $1,001 target on Apple shares, has raised that price to an even headier high: $1,111," John Paczkowski reports for AllThingsD. "Which is an interesting target, and not just for its numerical symmetry,[per thou] Paczkowski reports. [base "]As I[base ']ve noted here before, Apple will become the world[base ']s first trillion-dollar company when its share price hits about $1,072."

Paczkowski reports, [base "]So, by setting his target at $1,111 per share, White is predicting that Apple[base ']s market cap will hit a trillion dollars sometime in 2013.[per thou]

Read story hereApple at $1,111 per share with a $1 trillion market cap in the next year. 11:31:32 AM