Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways To Play: Can Apple Stay Fresh?

By

Strengthen your portfolio in good times and bad.

PrintPRINT
Bloomberg reports Apple (AAPL) unveiled today a new line of thinner iPod media players and cut the price on its touch screen model by 23%.

CEO Steve Jobs presented the new 8-gigabyte Touch, which will sell for $229, down from its previous price point of $299. Jobs also introduced iPod Nanos that will offer twice the capacity as current models.

A new 16-gigabyte version of the iPod Touch was also displayed. It uses the same color touch-screen as the iPhone and is priced at $299, down from $399 last year. Analysts believe the company may cut the price of this model to match the cost of the new iPhone 3G.

Apple shares fell during the presentation as the news failed to impress investors. The stock settled -3.65% to $151.91.

From the Bull Pen: Apple suffered through a big "sell-the-news" reaction today and may have momentum to continue the move lower. Bulls can consider the upside if it approaches $140.

From the Bear Cave: Bears looking for a downside tech play might consider IBM (IBM). The stock was mentioned on the Buzz as a short candidate today. Is the stock basing for a next leg lower? Buy stops can be set above $118
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE