-- Apple earnings will beat solidly thanks to Mac shipments.
-- Apple guidance consensus estimates are $1.24 for the next quarter. BMC Analyst Bachman expects that Apple will low ball guidance, give guidance of $1 or so, but achieve the $1.24 that is current expectations.
-- I think Apple will guide higher than $1, but maybe not as high as $1.24. The revenue from 1 million I Phones has to be recorded at some point.
-- There may be an initial sell off, which will be a nice buy point. I would keep some cash handy. I think the bear is done, so the market will rise. However, there is
-- Prior to earnings, if GOOG doesn't meet expectations, there will be multiple buy points tomorrow.
-- I would sell Apple August options on strength today (Thursday), purchase Apple options on any weakness on Thursday or Friday, sell them on Monday before earnings (in volatility), and buy back after earnings. More soon...
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