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July 31st

The Rumor Mill Hits Apple

posted in Apple (AAPL) |

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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This entry was posted on Tuesday, July 31st, 2007 at 3:39 pm and is filed under Apple (AAPL). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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MarketMatador.com contains its own opinions, and none of the information contained herein constitutes a recommendation by MarketMatador.com that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You further understand that MarketMatador.com will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information contained at MarketMatador.com may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Disclosure: Long Apple Inc. (AAPL)

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