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Thursday, August 03, 2006

AAPL

This is a good time to buy AAPL. With the WWDC opening on Monday, the stock is bound to go up artificially with Jobs' "reality distortion field" in full effect. You know the drill, Jobs announces new products, says how kickass the previous quarter/year has been, Walt Mossberg gets his hands on new Apple products and says how kickass they are, and the stock goes up. I'll definitely pick up some AAPL tomorrow.

Update: Looks like I spoke to soon. I didn't see the story about earnings restatement and the usual accounting creativity happening at Apple. AAPL will get hammered today, but it might just be temporary because next week will bring good news.

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