Apple up 7.2% since Jobs resigned

JonniKuest, in actuality very few pundits expected Apple's stock to do more than a very temporary dip. Everyone expected it would be exactly what it was: a short dip, followed by strong performance.

I know I know, everyone loves to think of Apple as some kind of little Cinderella story that bucks all expectations. But the reality is that they're the biggest company in the world (depending on the day) that's been wildly successful for years. The pundits aren't dumb enough to overlook the fact that Apple still has the world's best selling tech products for sale, with our without Jobs.

Wow. No one is offering investment advise here. Just simply making an opinion backed by a bit of research. Yes the entire sector is up, but considering the fact that most pundits assumed the stock would tank as soon as Steve left, and it hasn't, seems good enough for me for someone at the Unofficial APPLE Weblog to write up a quick post. It's not like he wrote a three page article...
And as of my current writing, the NASDAQ is down 1%, the rest of The icons on my stocks.app are red and only AAPL is up, 2.5% at 410.58. Eat that. (disclaimer, owner of very nice chunk of AAPL purchased in 2008 when everything artificially went "downhill")

This article takes on a different meaning when you consider that the NASDAQ rose 8.3% in the same time frame.

The author's conclusion is extremely suspect. The perceived correlation between Steve's announcement and share price may be entirely a coincidence. Even if it isn't, it only goes to show that shareholders are no smarter than the rest of the general population—that is to say, not smart at all. They'd rather have a CEO who makes them feel safe and secure than one who changes the world. Screw the shareholders. They've already gotten much, much more than they deserve.

Lesson: Don't take your investment advice from a tech blogger.