The stock’s handlers, undisputed geniuses of the Einsteinian buy-and-hold strategy, did so well keeping AAPL aloft last week that we should assume they can keep this short squeeze going for at least another week or two. They did after all trick investors into stupidly shrugging off the implosion of iPhone sales in China, a remarkable obfuscation that demands our respect. Accordingly, I’ll suggest using a voodoo number at 186 as our minimum upside target for the next two weeks. The stock will first need to fake its way above the 182.34 ‘external’ peak recorded on October 12, but that is hardly an insurmountable problem for world-class thimble-riggers who have mastered the art of producing volumeless leaps whenever they need a big rally and there are few actual buyers around.
AAPL – Apple Computer (Last:176.65)