1. Read the Armstrong letter in the link below
2. I also understimated 2 things first the rule layed out by Livermore that a break of a big handle always creates a 'sure ' rally of 10-20% - worked for Apple. The second the demand for the IPAD as the sub 800$ notebook market gloabally is 120 mio and Apple might sell in its first year 10 mio units allthough its not a fullscale notebook comes as a surprise to me - have to check the ASTRO CHART OF APPLE.
Apple to build 8-10M iPads in 2010, begins shipping preorders
As Apple began shipping the first iPads to those who first preordered, a new report on Monday said the company plans to ship between 8 million and 10 million devices in the 2010 calendar year.
In a new note to investors, analyst Katy Huberty with Morgan Stanley said suppliers for the iPad have currently forecast 2.5 million iPads to be shipped in the first three months of availability, from March to May. In all, Apple will ship between 8 million and 10 million by the end of 2010, suppliers said -- a number much higher than the previous expectation of 5 million.
Huberty said the upward revisions to iPad build rates "point to strong initial pre-orders." Every one million iPads shipped equates to roughly 25 cents of earnings per share. A strong iPad debut, she said, sets up for "significant earnings upside."
The consensus on Wall Street, she said, is that Apple will sell between 3 million and 4 million iPads in the product's first year. But supplier shipping projections suggest the Cupertino, Calif., company will exceed market expectations.