Twitter Ticker ($AAPL)
- Charles Amadeus
- September 10th, 2009
Apple chatter is growing on StockTwits as the tech toymaker churns out a slew of new products. With a well priced operating system update and a new iPod that creates video, $AAPL continues to look strong despite Wednesday’s 1% decline.
Trading in a primary and secondary uptrend above a rising upper Bollinger, $AAPL would need to break below $166.5 to warrant caution. The August 24th breakout remains intact, and there is ample reason to buy dips in lieu of the broad market strength.
$AAPL continues to offer the best A/V editing solutions, as both Final Cut and Logic are irreplaceable tools. iPhone and other mobile devices are also unique products that have an edge, but in the personal and business computing space, Windows based systems remain king.
Email and web browsing doesn’t require $1200 iMacs when there are powerful $300 PC options available, though this does not seem to weigh on the mind of Wall Street. Despite my fundamental misgivings about $AAPL, it is best to respect the trend and play the hand being dealt.
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Charles Amadeus is an equity trader and IT entrepreneur from New York City. Utilizing technical analysis on a multitude of financial instruments, he writes commentary on risk management techniques for purchasing power preservation.
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