Apple Erases All of Post Earnings Losses

After declining by more than 10% in reaction to its earnings report after the close on Monday, Apple Computer (AAPL) has now erased all of its declines and is now actually up.  So much for concerns regarding the health of Steve Jobs.

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Comments

[stay strong:]

Good job AAPL investors, keep hanging in there and don't panic on manipulated news!! If we stay strong, we can push this stock to $200

2008 Jul 23 04:57 PM

[20smoney:]

I sold at $174 then bought back at $148. Pretty pumped. You can see my actual trades at:

20smoney.com/2008/07/2.../

2008 Jul 23 05:01 PM

[Anti User 1...:]

User 163362, you are weak sause.... its people like you who drive the stock down. And people like us to see your ride. I hope your next sell will keep you in the poor house.

hiro

2008 Jul 23 05:19 PM

[stay foolish:]

conservative, weak, forecast is intended to encourage long term investment. So is no dividend, no stock-split, all to encourage long term investment. And to discourage day-trading, I just hope people do not over-react and do not make issue out of non-issue such as rumor of Job's health,,,

2008 Jul 23 05:27 PM

[Jared:]

If oil continues to unwind, AAPL may make another run at $200. There was good follow through today along with positive money flow.

2008 Jul 23 05:28 PM

[Jared:]

stay foolish, a dividend WOULD encourage long term investment. The lack of a dividend actually makes it more highly traded. If you want to receive dividends, you're probably not going to trade a stock.

2008 Jul 23 05:31 PM

[stay foolish:]

You have a point, Jared, I do not disagree. My point is that Apple's profit can be reinvested in R&D, new product innovation, like another IPhone, etc, rather than paying out dividends, it is my definition of long term investment.

2008 Jul 23 05:37 PM

[chiller:]

when will people learn and stop letting themselves get manipulated by the shorts? They own the media so unless its from AAPL then take it with a grain of salt.

2008 Jul 23 05:56 PM

[Brian in Mo...:]

Nothing wrong with USER 163362 selling before earning, I prefer puts, ahead of earnings. With AAPL it's becoming a no brainer. Think of all the shares you would own if you had done that everytime. or you could even invest the proceeds in something else to diversify (the horror).

2008 Jul 23 08:16 PM

[JosephKr:]

As I predicted, we are on track to end the week between $175 and $180 if today's performance is any indication of potential for Thursday and Friday. By the end of the month the stock will likely be close to $195. AT&T's side comment about the 3G iPhone is another good reason to be confident in Apple's outlook, and the rollout in another 20 countries for August 20th will ensure iPhone 3G sales of between 10 and 15 million by the end of calendar 2008. This will add substantially to the sales and profits, and I suspect that $235 to $250 by year's end is not totally out of line. The wise investor will take note and act accordingly to avoid missing out on the upside.

2008 Jul 24 01:00 AM

[Toni +:]

@JosephKr

"As I predicted"

AHAHAHAHAHAHAH(crying)...

2008 Jul 28 06:11 PM