31st
July
2007
The Rumor Mill Hits Apple
Apple (AAPL) stock was down more than $6.00 per share today. Rumors surrounding decreased production levels of either the iPhone or iPod sent shares plummeting. The production decreases in the iPod may be happening, but it should suggest a new iPod, which would be hugely optimistic.
“There are occasional rumors on Apple, often unconfirmed. A lot of them end up being wrong or short-term,” said Shaw Wu, an analyst with American Technology Research.
Apple stock is being unfairly punished on this slow Summer day on Wall Street. Take this opportunity to invest more.
Disclosure: Long Apple Inc. (AAPL)
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