Tuesday, July 3, 2012

Apple crunch?

Weird mix of good and bad news for AAPL as the market was generally flat in a low-volume, pre-holiday, half-day session. I got back in AAPL yesterday afterhours at slightly below 593. Shares hit 600 today and closed above 599. I'm holding the position over the holiday.

Whatever weirdness came out on AAPL, this just came out several minutes ago: a 7-inch iPad will be (reportedly) released this year. Good news? I own no iPad, no iPhone, not even an iPod. But this sounds good for AAPL longs.

Business Insider (via Bloomberg): Apple will launch smaller, cheaper iPad this year (July 3)

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