AAPL, A Revel In My Victory

“Apple said its current-quarter earnings would be well below Wall Street targets, sending shares in the maker of Macintosh computers and iPod music players down nearly 9 percent in after-hours trading.

While Apple has a reputation for giving conservative financial forecasts, its view for the fiscal fourth quarter undercut analyst expectations to a deeper degree than in past quarters, prompting investors to seek more details.”

-CNBC

I am short AAPL (currently AAPL is down 16.59 points, and it is 1AM, we will have to see what the morning brings)

~ by Falcor on July 22, 2008.