REASON ONE: PRISM is going to affect AAPL competitors much more than Apple.
Google is priced fairly and has little upside with the European Union in attack mode over PRISM and Tempora.
If you have any understanding of the way Europeans think then you understand fully they are very, very offended in the NSA program known as PRISM. Beyond their current “anti-trust” efforts to reign in Google, this is the one that could get Google more heavily damaged.
The EU is also mad that the Google vehicles went all over the continent grabbing up WIFI info. PRISM just makes it that much worse.
At $892 per share there is not doubt that Google is worth the price. The problem I see is that they are likely not ready for an increase in price.
Facebook has the same issue. While there were statements to the contrary in the beginning, they, too, had some involvement. I personally think FB shares have an upside, but not nearly the upside that AAPL has.
LET’S MOVE TO REASON TWO: