AAPL goes on a roller-coaster ride

Wall Street, like everybody else, expected the iPad to start at $800-$1000 with an AT&T subsidy. Instead, the base $500 price is within reach of people who would otherwise be considering an e-waste-ready netbook.

Bad news for the shorters. They had their shot last Friday, when AAPL dropped 10+ points for no good reason. But after Monday's earnings report and today's iPad announcement, the shorties are going to need some serious anti-Apple spin by all those analysts with short positions.

Just remember: every so-called analyst has an agenda. And they're as predictable as lemmings. Those who spread FUD have short positions on a stock and want it to drop. Those who hype a company have long positions and want it to go up. It's that simple.

I'm sure some Hedge Fund managers will be buying solid gold toilets tomorrow.

Just crossed 56million trades today - Up ~0.5-0.8% on the day following a slump -1% drop is hardly a roller coaster.

As Sam said, the P/E ratio for Aapl isn't pretty. This isn't a long term hold and although they aren't going to be folding anytime soon unless they up earnings to $100+billion next quarter a correction is due. Fortunately many diehard Macheads will never sell so it won't be a horrific correction. Its conservatively valued at $150 last time I checked.

Then we can talk about roller coasters.

You guys are right, though I think it's still interesting to note the trends during the live event.

I wouldn't necessarily call a couple percent a "wild roller-coaster ride." If you stretch the Y axis enough, any change looks drastic. But if you look at it over a one-year period, it's hardly a blip.

With a PPE of 25.4 aapl is still dangerously overpriced. While I did play it this morning in hopes the pricing would pay off, I am happy to have finished up the morning not holding and Apple. Hopefully shorting this afternoon will be as profitable as this morning was - We'll see tomorrow.

My position in AAPL is long-term. I bought at $55 and again at $75, so these minor fluctuations don't really phase me. I don't plan on getting rid of my stock any time soon, so i try not to even look at it very much.

if it goes below $150 at any time, then i'd think about selling some shares.