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AAPL has been hit pretty hard lately, so I don't expect it to drop much below where it is now (under $38).
But it may be a while before it's back up nudging $45.
Glad I bought in at $32 (split-adjusted).
A new series of studies are working their way out showing that Macs are 16% of the personal computer installed base. Meaning that the replacement market has not been as strong as the analysts thought. That, plus the 'halo' effect of iPod sales could bode well for AAPL over the next year. Just watch for building inventories, now that every retailer on the planet is selling iPods.
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