CF Apple Computer

The results handily beat the consensus estimate by 15 cents. AAPL’s sales included 2.6 million Macs, 6.9 million iPhones, and 11 million iPods. For a look at the company’s first-quarter forecast, check out my colleague Joseph Hargett’s blog covering the computer king’s earnings report. The report prompted J.P.

Morgan to note that “the pro forma iPhone revenue and EPS figures associated with that business point to a major revenue and cash-flow generator beyond the long term, which could offer a backstop to valuation.” However, some believe that AAPL’s uneasiness about consumer spending during the holiday season could spark “more negativity than usual” around AAPL and its growth potential in the next year. This morning, AAPL has received an upgrade, 2 downgrades, and 2 price-target cuts …

it could shape up to be an interesting day for the firm. Understandably, AAPL is set to gap nearly $9 higher when the opening bell sounds. Such a jump would push the stock atop the 100 level, which has acted as resistance in the past 3 weeks. This level is very important for the stock; if AAPL closes below 100 today, it could solidify the level’s role as resistance. On the other hand, closing atop 100 would allow the round-number level to act as support.

The chance for remaining upgrades is slim, as AAPL receives 13 “strong buys,” 2 “buys,” and 5 “holds.” Furthermore, option players are bullish toward AAPL, as the firm’s Schaeffer’s put/call open interest ratio (SOIR) of 0.76 is lower than 79% of those taken during the past 52 weeks.

I got the 2nd option. Have to wait till a few pay periods to get the Apple Care and the display port to DVI adapter. Glad I waited all summer. Good things do come to those who wait I guess. Bad thing is, won’t come till Oct 20-24. And they charged me for tax :-(. never did that for Colorado. But Can. Not. Wait.