Apple bears are enjoying a rare celebration in pre-market trading today.
The news from AT&T that only 146,000 iPhones were activated during those two days at the end of the second quarter. Apple's stock dropped $6 in pre-market to $137.66 just 15 minutes before the opening bell.
However bears spin the numbers, Apple bulls believe that iPhone sales were robust during that first week. If anything, this pullback could be a buying opportunity for AAPL longs who took their profits when the stock hit $145 last week. More than 3 million shares traded pre-market.
Nintendo, bearer of the other category killer — the Wii — traded above $56 before the bell, marking another meteoric high.
Several former high flyers are down in pre-market. Google is at $508, down $4 from yesterday. RIMM is down $3 to $226, while Amazon is down slightly to $70.80.
Baidu's volatility continues to wrench the guts of longs. BIDU is down $3 to $177.11 in pre-market.
SanDisk (SNDK), heavily touted by Jim Cramer yesterday, is down fractionally in pre-market to $56.80.
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