apples and iphones
I have a small portfolio that I trade very aggressively. Most of the trading is based upon technical analysis, but occasionally I take some position based on something fundamental. Yesterday closed out one of the larger of those positions.
I knew that Macworld was going on. I knew the iPhone was going to be announced yesterday. I knew that analysyts were talking about how they expected Apple to sell 2-3 million of the things in the first year, and how Apple had produced 12 million units. I knew that the stock had been languishing for weeks off of a high. It seemed like a good time to be holding Apple calls. :-)
It turned out that I didn't know about the announcement of the deal with Google, and I didn't know about iTV actually being shown or for sale as soon as it turns out that it will be. (Good time to own Tivo puts? :-) ) Anyway... things went really well.
Relatedly... those iPhones look extremely awesome. Apple ususally does a pretty good job. I happen to be a cingular customer, so I should be able to get it when it comes out mid-summer for cheap / free by extending my contract. I suspect my phone is going to run OSX!
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