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Posted: Thursday, 16 October 2008 4:53PM

Portfolio Doctor For October 16th, 2008

Price Headley
Chief Investment Strategist
BigTrends.com
Lexington, KY

Apple: AAPL
  -Apple has been such a popular stock that it's not one I'm recommending here - the 85 support level is likely to hold for now and see a bounce back up to 100 and then 115 as likely once this market bottoms - but I would be a seller of the stock there, as I think it could drop back down to the 50 area over the next 12 months (I think we are in the 4th inning of a 2-3 year bear market, though we are due for a bounce back to 10K again)

Google: GOOG  -Google obviously earnings are due out after today's close, and looking at the options markets, they are expecting a move of about 11% or 35 points, down to 280 or up to 350 - the stock is in a broken trend, with major resistance at 350-360, so i'd be a seller on any bounce

Microsoft: MSFT  -Microsoft just dead in the water in my view - likely trades in a range between 22 & 28 for next 6 months+

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