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Bristol Financial in Luxembourg Upgrade Apple On iPAD Production Figures Increase
Apple Computer will gain heavily on strong growth from iPad sales not to mention the demand for Apple products in China. We have upgraded Apple Computer (AAPL:NYSE) to a Strong Buy with a target price of $375.
He goes on to talk about the figures "Even a small block of $20,000 invested in this stock at $250 will be worth $30,000 at $375. With 20% of the $10,000 invested in a $280 call option the total investment is likely to be worth more than $75,000 because of the leverage in the options. Of course there is more risk involved in options but in this case we feel the risk/reward ratio is heavily in our favor"
Various analysts worried that iPad strength may slow Mac sales which of course would have been counterproductive to Apple's sales on the whole but this has proven to be wrong. Mac sales are strong and the release of the new iPod and iPod Nano will drive holidays sales demand.
Disclosure: Jonathan holds several open positions in Apple Computer Inc.
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Bristol Offshore is an offshore brokerage firm servicing retail &corporate clients. We offer an advanced online trading platform accessible through laptop or smartphone.
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