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Apple: Here's Why the Stock Will Go On an Epic Run

For evidence of iPad's success, first, a Cowen and Co. survey found that 12% of respondents plan to purchase a mini in the next 18 months. More than half have never owned a tablet before. Just 16% will use it as a replacement for another device; of those, 29% will replace an iPad, 13% a Kindle Fire and in horrible news for Microsoft (MSFT - Get Report), 42% plan to replace a Windows PC.

Second, in more bad news for Microsoft, USA Today reported survey results of 135,000 Windows users, gathered by anti-virus company Avast. Just 16% of respondents plan to purchase a new computer, a sparse 9% of that total says it will speed up that purchase because of Windows 8, but a whopping 30% of total respondents plan on switching to an iPad, while 12% intend to buy a Mac.

And regarding Apple's fortunes generally, the catalyst we have all been waiting for might finally be close. Although All Things D tossed some cold water on the rumor, an analyst from Jefferies describes the launch of iTV/Apple TV as "imminent." Any movement on the next new and big thing helps because the long-term concern associated with a Tim Cook-led Apple looms large . . . and rightfully so.

Bottom line: This is not a stock you want to be short, even if you're Jeff Gundlach. For goodness sake, even The Street's Doug Kass has turned bullish. Read all about it here!

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
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