Steve Jobs to take a health related leave of absence until June. He will remain CEO. Tim Cook takes over day to day responsibilities.
Will be interesting to see what happens to the stock. I think the market will over react.
close to a 52 week low....
Last Trade: 81.0601
Day's Range: 80.05 - 82.59
52wk Range: 79.14
I'm a little surprised it didn't do worse. Seems to be hitting some resistance at 80. It's just not low enough in my opinion to be a real opportunity given my belief that the overall market has a lot further to fall. I think Apple will fair better than others (specifically given their giant cash horde and corporate culture of investing in R&D during down turns,) but better than others could still easily mean just not dropping as much.
Of course if anyone takes my investing advice they have bigger problems than just losing some money.
I like following certain aspects of the market as a sort of game, but this is why no one should listen to me: CEO Steve Jobs announced he would be taking a 6-month medical leave of absence, Apple shares closed at $85.33. From the moment that news hit the tape, shares began to slide, and by January 20, Apple had dipped to $78.20, with investors starting to worry that a kind of China Syndrome was happening to the company.
A complete meltdown, and no recovery.
But something bordering on miraculous has occurred since then: a rally, and a big one, in Apple shares
99.72 +3.26 (3.38%) Feb 6 4:00pm ET
I think Monday will be a nice day too, 100+ but who knows thats the week will be in total....
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Will be interesting to see what happens to the stock. I think the market will over react.
- jim 1-14-2009 10:57 pm
close to a 52 week low....
Last Trade: 81.0601
Day's Range: 80.05 - 82.59
52wk Range: 79.14
- Skinny 1-15-2009 4:14 pm
I'm a little surprised it didn't do worse. Seems to be hitting some resistance at 80. It's just not low enough in my opinion to be a real opportunity given my belief that the overall market has a lot further to fall. I think Apple will fair better than others (specifically given their giant cash horde and corporate culture of investing in R&D during down turns,) but better than others could still easily mean just not dropping as much.
Of course if anyone takes my investing advice they have bigger problems than just losing some money.
- jim 1-15-2009 4:32 pm
I like following certain aspects of the market as a sort of game, but this is why no one should listen to me:
- jim 2-07-2009 3:58 pm
99.72 +3.26 (3.38%) Feb 6 4:00pm ET
I think Monday will be a nice day too, 100+ but who knows thats the week will be in total....
- Skinny 2-07-2009 6:03 pm