Monday, October 22, 2007

Why isn't This Guy Happy?

Poor Bill! He thought he buried Apple 10 years ago. Now, he has them to worry about them all over again in addition to Google. Well, not really (I just loved the photo). What is good for Apple is pretty good for all technology at the moment.

So tonight's story is that Apple once again hit the cover off the ball. Who said the consumer was dead? With revenue of $6.22 billion vs. the expected $6.06 billion; earnings of $1.01 vs. the expected $0.86; and 2.2 million Macs, 10.2 million ipods, and over 1.1+ million iphones sold in the latest quarter, you just have take you hat off and give a little bow.

Wow. The company is on-fire and the stock is up another $6 after hours. They will take the headlines and the Nasdaq should open well. This is the news the market needed to keep today's snap back action from being a dead cat bounce.

I must admit that I lightened up on my AAPL options after a good open this morning (kept my January calls). It is definitely not worth risking everything on earnings. I can always add at the next dip. I also lightened up on my GRMN calls a little to raise cash in case we go down again.

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