iPhone 3G me this, iPhone 3G me that, who’s afraid of the big black truth? Over the next 48 hours, as you’re forced to digest thousands upon thousands of articles and blog posts about Apple Inc (Nasdaq: AAPL) Steve Jobs’ keynote today and the introduction of this much anticipated new product, the stock trader in you has to realize this has proven itself to be a non-event.
Sure, you could’ve scalped it for a few dollars either way—the stock was volatile—but the big breakout/breakdown didn’t occur. As I wrote a few weeks ago, during a time when no/few journalists were covering the potential/probable stock reaction—which just goes to show you how little talent these breaking-news-dependent-original-idea-and-anticipatory-skill-lacking-journalists actually possess—hence why you must learn to discard their opinions as if they were drunken sailors in a bar—unless AAPL broke $203, its all-time high, I wouldn’t be interested in buying this behemoth of cheerled stock. And since, this product just might be a giant success, aka AAPl isn’t a spammer, I wouldn’t short it here either.
Hence, 3G introduction is a non-event.
Wannabe/talentless/dependent-on-page-views financial writers—not the geeks of course, always gonna be a need to understand new technology—feel free to move about the internet dispensing your near meaningless opinions. Investors/traders, listen/care at your own risk.
