APPLE- A CORE HOLDING?:

My yearend prediction for '08 (or longer) is a Black Swan event that might hit Apple Computer. I saw a comparison picture on TV of a young person's inner ear before and after using and abusing an iPod, with volume to the max in noisy places. It was not pretty, and I wondered how long it would take for the class action lawyers to circle and attack like they did with cigarette makers. It could be the excuse to bring apple back into the double-digits.
The overall market is a different story. Dan Sullivan of The Chartist cites the Specialist shorting (those that are left) is the 3rd lowest in 5 years, and short interest is at record levels.
My indicators show Bullish numbers coming off lows in UBS Investor Confidence and CEO insider selling; and the Market Vane polling shows even more inverted Bull/Bear ratios.
Finally, well over half of insider buying is again in the financial area - 15M shares of the total 25M; sellers also include finance, along with tech and energy.
Here are the numbers:
Mktsentiment. 12/28/2007 Last Week..... .5Yr.HI...... LOW

DJIA ………. 13366………..13450………..14093..............7286
Nasdaq………. 2674………….2692…………2810.............1114
S&P500…….. 1478………….1484…………1561………..776
CBOE Eq. put/call …62……………60……………91-8/07…..........46-1/03

VIX ………. 20.7………….18.5…….…….44.. 9/02 bu........10.0-7/05 br
Intrade.com-
Recession% 48……………42……………59(bullish)….31(bearish)
All Equities (ETF)
McClel Osc…………5…………….16……………91-5/04 br......(81)-5/04bu
McClelSum………-313………….-415…………..1568-6/03.......-917

Newsletter Surveys:
Inv.Intel -Bull:…..…54.9………….56.5………..62.9-12/04br......35-6/06bu
Bear:………… 23.1………….22.4………… 38.2-3/03.......16-6/03

AAII-Bull/Bear ……30/50…………35.9/47.2……..n/a n/a
MarketVane Bulls…n/a……………56…………. 74br..............24bu
UBS investor confidence..50 ………44nl -monthly
(monthly change)
IBD: Short Interest- …9.86nh…….8.87….……9.86………. 4.0
Public/NYSE Spec.-…10.4………..10…………18.25bu……….1.0br
Birinyi Blogger
Bull/Bear Poll ………48/30………52/32
Bullish%- ………46……………52……….…88 -2/04br.....36bu
*Insider corporate sellers.15:1……11:1………..97…………..6
Sectors: Most Buyers: Finance
Most Sellers: Tech, Finance

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APPLE- A CORE HOLDING?: