Thursday morning comes soon.

How will AAPL respond at the opening bell?

RBC Capital has just lowered AAPL to Sector Underperform.  Unbelievable.

R4 93.46
R3 90.88
R2 88.30
R1 86.76
PP 85.72
S1 84.18
S2 83.14
S3 80.56
S4 77.98

AAPL halted again.  news pending

edit: Disregard.  Briefing.com headline posted to streaming headlines on eTrade by some hacker maybe.

macglenn - 15 January 2009 08:04 AM

AAPL halted again.  news pending

edit: Disregard.  Briefing.com headline posted to streaming headlines on eTrade by some hacker maybe.

OK, I just wanted to ask as the Pre-Market value on Google Finance: AAPL is still changing, currently around 79.2

Just in case one didn’t know already…    The two viewpoints that will be contending today:

‘Time to sell Apple’:

But I don’t invest on hope. The health of Steve Jobs is not a private matter, not when he is the soul of Apple. We never had good information since his cancer scare. Jim Cramer says that accounting irregularities mean “sell”. I say that any information irregularities mean “sell”. I am selling at least half of my position on Thursday.

‘Selloff creates golden buying opportunity’:

Let’s face it, everyone is replaceable, even Steve Jobs. Of course he is a genius, but that does not preclude the fact he was a bit overrated. After all, he is just one man. The market is just too fickle, and in a couple of days all this noise will be ancient history.

Healthcare worries abate: Now that Jobs has stepped down, Wall Street’s lingering obsession regarding his health is also gone. The uncertainty has finally vanished, and that is a good thing. As a result, the stock has nowhere to go but up, and if Jobs does return in six months, the share price will get even a bigger bounce.

The bullish blogger closes with the inevitable Buffet quote.

Also: various analysts discuss how much of a premium Jobs is worth in this climate.

Personal disclosure: I am down to 50 shares myself so I haven’t that much ‘skin’ in the game.  I’ll probably wait and watch the rest of the week and see where the ‘new normal’ settles.

Interesting to see AAPL somewhat stable in the mid-$79s this AM. I suspect we will see a strong move one way or another; just totally ignorant as to direction.

FWIW, Initial Jobless claims, as suspected, rose.

EDIT: above $81 now. At this rate, the sell-off may be gone by the open. 

Wow, what’s happening?  Who’s buying?

We might soon be at the price I was anticipating for the end of the week anyway.

Edited: I just hope no one is buying expecting Jobs to return in June.  That just brings us back to where we were (ie uncertainty about leadership).

Winterpool - 15 January 2009 08:53 AM

Wow, what’s happening?  Who’s buying?

We might soon be at the price I was anticipating for the end of the week anyway.

Edited: I just hope no one is buying expecting Jobs to return in June.  That just brings us back to where we were (ie uncertainty about leadership).

Given the current sentiment, I suspect not.  Which may mean people are actually looking at Apple for once. 

Winterpool - 15 January 2009 08:53 AM

That just brings us back to where we were (ie uncertainty about leadership).

According to a Bloomberg article this A.m., Tim Cook has been running the day to day operations of the company for the last five years. Steve’s roll as guru is currently on hold, but the bottom line is secure.

Check out the PM volume. Short covering from those shorting last night?!?

willrob - 15 January 2009 09:08 AM

Winterpool - 15 January 2009 08:53 AM

That just brings us back to where we were (ie uncertainty about leadership).

According to a Bloomberg article this A.m., Tim Cook has been running the day to day operations of the company for the last five years. Steve’s roll as guru is currently on hold, but the bottom line is secure.

Don’t forget that for the longest time, he was CEO at both Apple AND Pixar. He’s probably acted as a visionary/deal maker and less of a daily hands-on guy longer than anyone realizes. That said, he’s still going to be acting as a strategy guy in the interim (if reports are to be believed). Products take a long time to develop. There’s are good chance that several new things are already in the pipeline. Apple will continue to grow for several years even if SJ never comes back. All these analysts blathering about the demise of Apple are shortsighted IMO. They are the same morons yelling Buy at the top of every market.

Short term probably painful but longterm a steal at these prices if the economy ever recovers.

Here we go.

Despite the understandable ‘they lied!’ reactions, otherwise, much of the press coverage overnight has been positive—Apple is a strong company with strong fundamentals, superb products, the best talent, etc etc.  If this were a slightly different place in the economy cycle, I could see plenty of punters taking advantage of the buying opportunities, but considering where we are right now, I dunno.

How’s the volume?

Edited: we going to hit 82?  Bloody hell… colour me surprised.

Some punters out there have a $6 per share profit already since last night.

Winterpool - 15 January 2009 08:53 AM

Wow, what’s happening?  Who’s buying?

We might soon be at the price I was anticipating for the end of the week anyway.

Edited: I just hope no one is buying expecting Jobs to return in June.  That just brings us back to where we were (ie uncertainty about leadership).

People like myself who covered at the bell, flipped long for a trade.

Eric Landstrom - 15 January 2009 09:57 AM

Winterpool - 15 January 2009 08:53 AM

Wow, what’s happening?  Who’s buying?

We might soon be at the price I was anticipating for the end of the week anyway.

Edited: I just hope no one is buying expecting Jobs to return in June.  That just brings us back to where we were (ie uncertainty about leadership).

People like myself who covered at the bell, flipped long for a trade.

Did you get out of BAC? Holy smokes, they’re getting PUMMELED!

C is nearly keeping pace.  Now below $4, close to 3.75.

Edited: 45 minutes after open, and AAPL has come down a bit, but still above $80.

‘Apple shareholders are wusses’

Well, some apparently aren’t?