Eighteen degrees in New York City. Line of 10 people for the Verizon iPhone 4. Then again, it's not a brand-new launch/rollout. (Though first-time iPhone owners in cowboy country are going to "crush" stores today.)
People have their phones. It's the switchover to Verizon that is key, and they can do that later today, tomorrow, whenever, if they're willing to pay the $350 or so to end their AT&T contract. (I'm not, so I'll live without an iPhone. Somehow.) They can pick up after noon with a pre-order (yesterday). Numbers will bear this out or not (no pun intended).
Just back from gym, missed the first 20 minutes or so of premarket (retail) trading. In that time, AAPL traded close to 357 and dipped as low as 354.94. Now at 356.32. Not incredibly bad considering futures have been in the red overnight. What's helping Apple, maybe, is chatter about iPad 3 being manufactured.
So is 356 just a stagnant area of consolidation for AAPL? Or is this a buying opportunity?
Update, 3:31 am (Hawaii). Jobs report is positive, according to CNBC. AAPL climbing higher, now 356.70. Premarket. Could mean a lot. Could mean nothing.
They're lining up in other places, apparently, as early as 5 am.
Times-Union: Crowds line up for iPhone at Verizon
Tech News World: Why some Verizonistas refuse to wait for iPhone 5
NBC 2 RSW Florida (TV): Customers line up for Verizon iPhone
Appolicious Advisor: Sub-zero temps don't cool Verizon iPhone seekers
Courier-Journal: Louisville iPhone fans come out early to get Verizon coverage
USA Today: Talking Tech/Ed Baig compares Verizon vs. AT&T (video below)
4:52 am (Hawaii). Alas, it was a buying opportunity. AAPL now 357.44. Buying pressure remains.
5:04 am (Hawaii). AAPL trading within Bollinger band. Trapped. Or dwelling in safety. Market remains red, fractionally down. Tough call whether to stay in or get out, short term. No news/catalyst expected from the Co., really, for awhile.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment