AAPL 200 in 2007??!!

A member, alias "kustomz", from Phil's Stock World (PSW), brought an interesting article from Seeking Alpha to PSW member's discussion board. The article, written by Stephen Coleman, claims that AAPL will hit 200 in 2007!!

There's so much attention on AAPL right now. I thought I should do some charts on AAPL for my blog! And, here they are:

First, the monthly chart...

This is so interesting, it is hilarious!! If one had bought AAPL sometime in 2003 at around 10 (post-split), every year it had more than doubled for the past 4 years. So, if the trend continues, it is not that far-fetched that it can hit 200 in 2007! Whether or not it hits 200 this year, let's see what might happen this week!

The weekly chart shows that the MACD is about to go positive. And, if AAPL has a good week and passes 95 this week, it may very well catch the weekly upper BB and run!

AAPL's earnings is still 3 weeks away. So, let's see if it makes a pre-earnings run!