After my last post on taking an opening option position on Apple, I was scouring for news releases on Apple and found this one below:
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Deutsche Bank: Buy On Any Apple Weakness
Wednesday June 13
FP Trading Desk submits: Apple Inc. (NasdaqGS: AAPL – News) CEO Steve Jobs used the company’s Worldwide Developers Conference to preview its new Leopard operating system, which includes more than 300 new features, the Safari 3 Web browser for Windows, and the highly-anticipated iPhone, and market is watching progress for these products closely.
Any share price weakness associated with product announcements, barring major delays or other problems, presents a buying opportunity, according to Deutsche Bank.
The firm has a “buy†rating and US$140 price target on Apple shares, which represents upside of 16%.
Apple remains Deutsche Bank’s top pick in the sector, given its confidence in Apple’s product line, which includes the iPhone, Macs, Leopard and iPods.
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