Is the whole marketing drive for the iPhone merely a candy bar campaign that rests on paper mache flooring. No parachute for longs? Naaah. The numbers are compelling once again for AAPL, and though it traded as low as $129 after being halted in the after-hours market, buyers are aplenty. The stock is bouncing up and is at $135 now on the broad strength of today's earnings report.
The iPhone numbers will bear out, not just yet, but with a full quarter in place. Apple still maintains that 1 million units is a solid expectation for the most widely-recognized new product in technology. Whatever the short-term fluctuations, who doesn't think AAPL will trade at $200 by Christmas time?
More importantly, why the hell did I sell at $92?
Disclaimer: Pupule Paul, who loves his aging PowerBook, has a very small slice of sweet Apple pie.
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