Thursday, May 6, 2010

panic

with the selling lunacy occurring yet again today, i added more aapl and am at about 98% aapl; it's down 25 points from its high = 272 to 246; this is absolutely crazy = aapl's peg is easily between .35x and .50x - or better......and, oh by the way, the ipad looks to be another billion dollar a quarter business; and then iAds is coming; and then china iphone sales are accelerating; and then, oh that's right, the iphone's coming to vz........etc., etc. now aapl's down over 12 (almost 5%); why? because of greek cds spreads? cds spreads on portugal's debt? on ireland's debt? are you kidding me? now down 14.49.....now down 15.26......now down 16.32.....now down 17.01.....pure fear, pure panic...........

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