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Jobs Sandbags The Daytraders
Posted on 01/09/2007 12:55 PM | Link | Post Comment
It seems like some folks were too trigger happy with AAPL today. CEO Steve Jobs started out by saying, "we're only talking about the mac today". That launched a flurry of selling, as many had anticipated product announcements about the iPhone, etc.
AAPL traded all the way back down into negative territory before Jobs got around to the good stuff. He then introduced the iPhone, calling it a revolutionary product.
He also announced the Apple TV (formerly iTV), and said the company would partner with Paramount for movies. Also, content from iTunes could be transmitted wirelessy to the Apple TV.
The products look really snazzy, and it didn't take long for the stock to ramp higher. It is currently up $4.30 on the day. All I can say to those who sold it on that first headline is, "Doh!".
long AAPL
AAPL traded all the way back down into negative territory before Jobs got around to the good stuff. He then introduced the iPhone, calling it a revolutionary product.
He also announced the Apple TV (formerly iTV), and said the company would partner with Paramount for movies. Also, content from iTunes could be transmitted wirelessy to the Apple TV.
The products look really snazzy, and it didn't take long for the stock to ramp higher. It is currently up $4.30 on the day. All I can say to those who sold it on that first headline is, "Doh!".
long AAPL
- Will The Streak End At 8?
- Sneak Peak Ahead Of The Open
- The Week Ahead
- A Mostly Flat Open
- Midday Check
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
1 Comments:
AAPL price action provided several opportunities for profit taking - independent of the news. As you noted the real money to be made was the afternoon iPhone announcement.
A Look See - iPhone - URL:
http://online.wsj.com/article/SB116836172312771508-E_fi0Hr55x9cvUELfIXkKb5nbi8_20080109.html?mod=crnews
John - Day Trader Consultant and Coach
www.DayTradersWin.com
Wealth@DayTradersWin.com
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