
It strikes me that
Apple has started something
really big. Jobs and company have revolutionized the interface for communicating. The clunky mechanical button cell phone could become a relic when other phone manufactures start rethinking their designs. It’s the brains, logic, and programming that distinguish Apple’s icon driven interface iPhone. This thing has the power of a computer inside. The pundits where shorting Apple’s stock, betting nothing could live up to the hype coming out of Cupertino. The “
smart money” was buying puts to hedge the selling that was surely to begin when the phone didn’t live up expectation. It exceeded. Apple had been on my radar as a China play and was in a low risk position technically on Friday, June the 29th. The lines at Apple stores were showing up all over the news, with buyers camping in lines. That’s when I pulled the trigger and bought Apple Inc. (Ticker: AAPL) for accounts I manage. The market has decided it likes iPhone’s prospects by vaulting Apples stock $10 higher in three trading days.
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