Oh stock market, ye are a fickle mistress
I have to admit I don’t follow the stock market all that much. But I’ve been watching the fad of jumping all over Apple stock after hearing the guys on Mac Break Weekly speculating on where it was headed.
Here’s what I’ve seen:
The iPhone comes out: The stock crosses 130 and heads to 144
AT&T says they only activated ~146k iPhones the first weekend*: The stock falls to 134
Apple releases the Q3 earnings report that they’ve profited 818 Million: Stock soars to 150+ in after hours trading
I think the stock market flinching like that as a whole is funny. But then again.. since I don’t follow it normally perhaps this is status quo.
* Given that it took 36+ hours for AT&T to activate some iPhones their numbers most likely don’t accurately reflect sales figures for the weekend. In my opinion at least.
Update: Apparently during the Apple Earnings Conference call Apple quoted the sales figure at 270k. (See the note at 5:13pm)
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