The AAPL thing...
Well, now ain't just a crazy day?!
They've announced so much news this morning,
you'd think they just bought MSFT or something...
Anyway, GM is right, AAPL can lose $150 million in
a matter of days. But the significant thing is that the
board -- those old stodgy, rigid, crumudgeons resigned
this morning. Bye Markula, hello fresh blood in the form of
Intuit's Bill Campbell, of course Oracle's Ellison...Jerry
York, an associate from Gerstner's IBM...a total of six new
ones in all
Now that's a mighty big room full of business smarts! I
hope they can check their egos at the door and actually
work together -- it is quite a powerhouse.
Seems like everybody is rallying behind AAPL now...even
the theives:
sjmercury.com
"WHEN it comes to Apple, even thieves get sentimental.
Some of those who know the company best -- computer hackers --
are urging one another not to download free copies of the
company's latest operating system, Mac OS 8..."
Did anybody else notice this tidbit buried deeeep under the
news: "... APPL will bundle the Microsoft Internet Explorer
browser with the Mac OS, making it the default browser in
future operating system software releases..." Should that
make NSCP nervous? Maybe not in actual sales volume numbers,
but the image it projects isn't in the best light.
That volume is simply amazing -- 30 mil so far (on a daily
average of 1.5 or 2). The range has been tight cosidering
it's close yesterday of 19 'n change... the intraday range
has stuck between 25 and 27 3/4...I don't know if it's
unusual for this type of situation -- actually, this type
of situation is just plain unusual. Anyway, I think it's
interesting When Ice did the 'AAPL one day' a few
weeks ago, I wasn't too sure (and in the end I was proven
wrong). The short?
If the board hadn't resigned, but we still got all the other
news today -- the patent fees and licensing with MSFT, Ellison
as board (older news) -- then I would say 'Great Short!'
But with the significant management changes -- which was
AAPL's real problem (superior products/bad management/poor
marketing) then all I can say, is 'Good Luck, Best Wishes'.
Frankly, I wouldn't invest in situations like the AAPL at
13 or AAPL at 26 scenarios. They are such an out of the blue
surprise, how does one rationally call them? I go for stuff
that's quiet but more of a sure deal. Forget the fireworks,
I'll take money, thank you. But Ice, I think gets some
exhiliration just from the risk; the excitement of wondering
which way it's going to turn...sort of like horses or Vegas
I suppose. That in itself has an intrisic reward just knowing
you made the right call in a risky situation. So hats off
to you, Ice for having the guts!
I'm too poor to 'buy the thrill' -- so I go for the low-profile
guys that are beating up their competition. ADPT, is $47 today
$35 two months ago on my entry. NICEY, my little early sell
blunder just poked it's head into 40 territory. My entrance
and exit, 20 5/8; 27 respectively in 4 months. IOM, in April,
17 5/8, my exit at 23 a few days ago. I'm a quiet kind o' guy.
-MrB |
