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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Source: http://www.businessweek.com/magazine/content/07_25/b4039054.…

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Talk about your irrational exuberance: Apple's stock shot up over $3 this morning on the announcement of better-than-expected battery life...

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power lory

Verizon is about the only place you can get the authentic RIM product and matching door. Most other sites are out of stock and even when they are in stock they have the black battery door which looks like crap.
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July 02 2007 at 3:21 AM Report abuse Permalink rate up rate down Reply