News this past week that Apple is selling 10.6% of computers vs 6.6% 1 year ago..that's a 40% growth rate. Word out there is Apple's iPod selling 10% more than last year at this time. And the iPhone...maybe close to 5 million iPhones sold. At a profit margin of GIGANTIC!

Apple is at a lower PE ratio today of 28...in the last 3 years its averaged a PE ratio of 35 (range 25-52). So today we are at the lower end of Apple's range, less than 1 month before we see some big growth in their earnings.

How could one not see how Apple will trade at a modest 30PE ratio which in a month or 2 from now should equate to a stock in the $160's. And if by the end of the year with huge iPhone sales coming down the pike, I'd think we'd see a PE of 35..which equates to Apple's historical avg and would represent a $189 stock price!

How could one short it now when every metric shows it's at a low, and most reports show there sales to be 20-40% higher than last year at this time?