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Six Reasons Why Apple's Still a Buy

I am also concerned to see the stock going down so much so fast, but we've been there before with Apple.

What I find reassuring most of the time at conferences like today, is how much better, if incrementally so, the products get. The new iPods look great, just tried the new iTunes and it's once again a nice upgrade, genius sidebar is fast and informative and new visualizer needs to be seen. The new headphones look like a huge seller these holidays as well. Looking forward to the iPhone bug fix update on Friday.

I would have liked to see new laptops or some new products and updates of everything, but all in due time, I'm sure.

As far as the hedge fund comment, Goldman said Jobs mentioned that he thought some hedge fund was short AAPL in JUNE and was spreading rumors that his cancer returned. The minute it hit the air, the stock, already in decline, nosedived. So yes, I'm sure shorts are working this stock and they will continue to question Jobs' health and emphasize negatives and publish obituaries and feed FUD to the media. Bear market, economy, no uptick rule and no enforcement make the environment ideal for short-sellers. I do wish however that he would not make these comments without calling names.

I have no idea when the stock will turn is this vicious bear market, but it's obvious that Jobs is not getting worse and is enthusiastic as ever. He assures that he is in good health. This product refresh tells me that people at Apple are having fun and the product ecosystem keeps expanding. I will look forward to new products and another great quarter and the year.