News, info, and opinion by Mac users, for Mac users.

November 25, 2006

money

Apple’s stock breaks through the roof because of…rumors?

Posted Nov. 25, ’06, 5:18 PM PT by Aaron Freedman
Category | Money

Picture 3 Apple’s stock has had a pretty interesting ride this year. It peaked in January at around $85, and then tanked to about $50 in July before starting on the rise again. And now, it’s still going up, Apple has hit not one, not two, but three all time highs this week. But why? Apple hasn’t had any major product releases since September, so why is the stock doing so well now? Surprisingly, rumors. Yes, mere speculation on the iPhone, iTV, widescreen iPod and more have caused Apple to close at no less than $91.63 this week. It’s a little strange for me that rumors have been a main factor in causing such a stock surge, even though some big iPhone information was released this month. But hey, the more the better, as I am an Apple share holder (if only for a measly 10 shares).

[via digg]


1 Comments

iPodG5 said:

Buy on rumour, sell on fact.

Furthermore, much more relevant news this week is the predictions of iPod sales for this quarter.

November 26, 2006 4:40 AM

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