Business Magazine

The Thrill is Gone Thursday – RIP Steve Jobs

Posted on the 06 October 2011 by Phil's Stock World @philstockworld

I’m reporting from Las Vegas this morning so I’ll keep this brief as I’m a bit behind already.  We have a couple of good articles to mark his passing on the main page so I won’t make this another one – I’ll just repeat what I said to Members last night:  He was our Willie Wonka of gadgets – showing us new and wondrous things that he clearly made for his own enjoyment but was kind enough to share with us and smart enough to make a fortune doing it

As to AAPL’s stock.  Steve’s death is long priced in and the stock would be at least $500 if he were still alive and healthy.  If Tim Cook can prove that AAPL remains on track this quarter and next, we will see AAPL move that way this year.  I would say buy on the dip but, looking at the pre-market movement – I don’t think there will be a dip past the one we’re already seeing. 

 

IN PROGRESS

 



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