On Thu, 24 Apr 2008 00:11:17 +0000, Larry <noone@home.com> wrote:

>Ron <ronclifford@peoplepc.com> wrote in
>news:k6iv04trfhsne0c2c04l0986ohsbjja2c6@4ax.com :
>
>> Apple is always overly conservative in its forward looking projections
>>
>
>What gets me is you'd think the professional investors would know how
>conservative its estimates are and ignore these gloomy outlooks, but they
>don't. As soon as he opened his mouth, the stock tanked...not seriously
>like January, but it still took a dive while it was nicely on its way back
>up.
>
>When it dove from $200 to $120 in January, I'm sure lots of AAPL investors
>didn't sleep well. Man, that's some serious loss of equity.


Well its around $160 today, and still likely to jump up when iPhone 2
is announced.