Wednesday, September 9, 2009
APPLE & the SPY
Steve Jobs, CEO of Apple Inc. appeared on stage at a media event in San Francisco Wednesday in his first public appearance since returning to the company from a medical leave earlier this year. Jobs underwent a liver transplant and was away from the company for the first six months of the year. He returned to active duty at the end of June. His appearance was part of a company-sponsored media event to update its line of iPods and other music offerings. First of all, investing aside, I'm very happy to see Mr. Jobs is back and wish him good health and happiness. He is an inspiration to young entrepreneurs in America and his genius has created what I consider the leading innovative technology company in the world.
This market has been driven by technology and could today with his appearance mark a nearterm top? The stock hit a 52-week high of $174.47 when he took stage...but we need to see what new products Apple bring in the coming weeks. Rumor has been on the "Beatle's" deal will or will it happen? I don't see it because they don't want to step on the sales of the remasterd CD's. If a deal is made...Apple will skyrocket! The suspense builds. AAPL stock is part of the Itz Pix Portfolio recommended @ $141 up now +23.5%.
*click on chart to expand image