Kids can have Christmas. Apple longs are having theirs right ... about ... now!
Shares of AAPL have blown up bears in after-hours trading. Since Apple announced typical world-beating numbers today, the stock bottomed at $129 on silly fears over iPhone numbers, then made a sprint to $150.
The move gives AAPL its all-time high and a very similar performance to Amazon's stock yesterday, which ran from $69 at the close to $84 at the end of extended hours.
Today, AAPL still has more than 2 more hours to make noise, kill bears and stomp out remaining doubters. Not that I'm a genius by any means. I sold at $92. Ouch.
Crocs are also putting a bite on bears. The polarizing stock and Co is trading at $49.90 in after hours, up from yesterday's close of $47.85. With earnings out tomorrow, the run-up from last week's low of $44 isn't entirely surprising. All the fears relating to insider selling in the past quarter have been worked in, and then out of the stock, apparently.
Amazon continued to trade up today after yesterday's eye-popping performance. The stock is up to $87.03 in after hours. For the day, more than 59 million shares traded in AMZN, nearly surpassed only by AAPL's 54 million.
SanDisk bumped up again and is at $58.70 in extended hours. And Nintendo? SuperMario is hopping with joy. Shares of NTDOY.PK closed at $60.40, a gain of 7.8% thanks to a robust earnings report before the market. Were there any doubters? When grandma and auntie are buying their first-ever console, you know it's a Wii.
If all our grandmas and aunties buy Wiis and I buy more NTDOY, it's a win-win and we're all gonna be happy.
Disclaimer: Pupule Paul is long AAPL and NTDOY.PK in miniscule fashion.
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