Despite Apple stock being down from an intraday high $202.96 on Dec 27 to a grim $170.80 open today, we are still confident is it best to be long in Apple. These market blips create amazing buying opportunity. Just 5 days ago we would have loved to buy at this current level. Now that we are here, you might have the “what if” fear. What if Apple hasn’t hit the bottom? Sure it’s hard to pick out the bottom, but we can always reposition.

What are potential catalysts for Apple to rebound from this current drop?

1. MacWorld 2008 - Steve Jobs Keynote on Jan 15 @ 9am PST, New Products?
2. AAPL Earnings Report - Tuesday January 22 @ 2pm PST, looking for >$1.59/share
3. Potential Analyst Upgrades: Currently 6 Strong Buys, 17 Buys, and 4 Holds

Yesterday Apple Released a long anticipated revision to the Mac Pro product line. The standard 8-core Mac Pro has a retail price of $2,799 (US), and includes:
- two 2.8 GHz Quad-Core Intel Xeon processors with dual-independent 1600 MHz front side buses;
- 2GB of 800 MHz DDR2 ECC fully-buffered DIMM memory, expandable up to 32GB;
- ATI Radeon HD 2600 XT with 256MB of GDDR3 memory;
- 320GB Serial ATA 3Gb/s hard drive running at 7200 rpm;
- 16x SuperDrive(TM) with double-layer support (DVD+/-R DL/DVD+/-RW/CD-RW);
- two PCI Express 2.0 slots and two PCI Express slots;
- Bluetooth 2.0+EDR; and
- ships with Apple Keyboard and Mighty Mouse.

Apple has also release a new Get a Mac Advertisement