Wednesday, July 14, 2010

Add on Weakness

As per my thesis, it's time to buy some shit.

I have an incredibly large cash positions for such shopping opportunities.

Let's be honest for a second, it's RATHER unlikely that the new iPhone will be recalled. The solution of a free case that fixes the signal to everyone is a good play. People will probably buy like 4 cases over the life of their iPhone. Shit, this will probably improve margins. Steve Jobs is one hell of a crafty bastard, after all.

I gotta love AAPL at this price. Target of $330.

Hat tip to @vcutrader for spurring me on a little in this nibble.

NOTE: The bulk of my AAPL position was purchased in and around $187

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