For any of our readers who viewed this blog yesterday you will see that we advised you to buy APPLE early this morning. Sometimes with the glut of raw data in our arena, and in a time when 24 hour financial news is available at the push of a remote control, sometimes it all come down to good old fashion common sense. In this case that is what happened.
Apple's stock frequently experiences high volatility, however that is not odd for the technology sector. When Steve Jobs announced that they would cut the price of the wildly popular, iPhone, the markets reacted unfavorably. How quickly we forget, Apple announced today that it has sold 1,000,000 iPhones, more than one month ahead of analyst predictions. Based on that news the bulls came out to run through Silicon Valley.
All signs indicate that Apple will continue to rise, the prices have fallen and customer demand is creeping upward, in spite of hard financial times for many. This is a stock that you can get in for the short term, but it will pay off in the long term as well.
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