AAPL spikes $3 on iPhone battery news

Talk about your irrational exuberance: Apple's stock shot up over $3 this morning on the announcement of better-than-expected battery life for the iPhone. This pogo-stick fluctuation of the stock price on every snippet of iPhone news is a mite stressful even for those of us (like myself) who are long + buy-and-hold on AAPL, and I can only imagine the volume of Maalox that's being consumed by more active traders.

I suppose it's too much to ask, when reputable mags like Business Week are picking up the price expectations of $160 a share from slightly rabid analysts, that everyone take a deep breath and try to be patient until the phone actually ends up in the hands of customers. Really, though.

Disclosure: I own AAPL stock.
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