This column was originally published on RealMoney
on Jan. 24 at 3:02 p.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney,
Apple's (AAPL - Get Report) a real battleground. When you have a $500 price point and a potential "vaporware" system that's pushed out six months, why bother to own the stock? What's the data point that will get the bulls to romp and the bears to hibernate?
Management sounded like kids when talking about the iPhone and how it was going to remake AT&T and that it was the greatest invention they've ever seen.Now, AT&T's all about market share, and if you read between the lines, I think you see a strategy coming where the device's $500 price point is preserved but the service contract is greatly reduced. I think that AT&T -- and not Apple -- is the key to this next leg, and CEO Stan Sigman can make it happen. AT&T exists to kill Verizon (VZ - Get Report). This is a actually war. The iPhone is the neutron bomb. These guys will use it. Aggressively. And that's the bull case, plain and simple. Random musings: Short squeezes are all over, and you've got to understand them. James Altucher and I have laid it all out for you in our latest video.