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AAPL: Watch The Gap

July 21, 2008 11:50 PM

apple.jpgAAPL is likely to make a huge gap down. If you are long the stock, watch the gap “reaction” off the early high to see if you are in big trouble. As I have mentioned more times than I have fingers or toes, being long or short these type of stocks into earnings is gambling, IMO. If they had not warned, the stock may have moved the other direction as they soundly beat. But warn they did. If there was no earnings, the stock would be a short anyhow as I said before, it had to hold $164, IMO. It didn’t.

Probably a bigger issue for AAPL is the health of Jobs. He is Apple. Until that issue is clarified, there will be doubts surrounding the stock. I had totally forgot that he had cancer years ago. Without Jobs, I have no idea how low the stock could go as people (myself included) consider him a man with vision.

I do not own AAPL, and have no vested interest in the outcome of the stock, but I sincerely wish him the best. He seems like a good dude to me. There are certain people that I hear speak and just think, he is a good guy. Like the CEO of Starbucks. He seems like a genuinely good guy that cares about both the company and his Starbucks employees. Anyhow, if there are issues with Jobs health, and these are just pure speculation based upon his past health issue, my prayers are with him.

Written by Tom@StockBlade.com · Filed Under AAPL 

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