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January 17th, 2011, 08:28 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
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So here is AAPL before the Steve Jobs medical leave.
[img]https://nexusfi.com/v/neg76r.png[/img]
What happens now? I would say a sell off of 10% would be my best guess, down to around 310-320. Then we'll probably see a lot of buyers stepping in saying "it's on sale".
Mike
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
January 17th, 2011, 09:29 PM
Ill.
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They're probably hoping for all the sellers to come in BEFORE their earnings announcement later this week - that way they can get the dip now, then prices will rebound off the release... instead of releasing waiting till after to announce Jobs' health status.
January 27th, 2011, 11:24 AM
West Coast of Florida
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Alternate ways to trade AAPL. See the charts.
WK
August 24th, 2011, 07:21 PM
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Steve Jobs has resigned as Apple's CEO.
News Headlines
He wants to be named Chairman instead.
Mike
August 24th, 2011, 07:32 PM
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Steve Jobs Resigns as CEO of Apple - Yahoo! Finance
Quoting
CUPERTINO, Calif.--(BUSINESS WIRE)-- Apple’s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple’s Chief Operating Officer, as the company’s new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.
“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company,” said Art Levinson, Chairman of Genentech, on behalf of Apple's Board. “Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.”
“The Board has complete confidence that Tim is the right person to be our next CEO,” added Levinson. “Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.”
Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.
As COO, Cook was previously responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries. He also headed Apple’s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the future of mobile media and computing devices.
NOTE TO EDITORS: For additional information visit Apple’s PR website (
Apple - Press Info ), or call Apple’s Media Helpline at (408) 974-2042.
© 2011 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
Mike
August 24th, 2011, 07:33 PM
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Quoting
Letter from Steve Jobs
August 24, 2011–To the Apple Board of Directors and the Apple Community:
I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.
I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.
As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.
I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.
I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.
Mike
August 24th, 2011, 07:34 PM
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Mike
August 24th, 2011, 07:35 PM
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Big Mike
Steve Jobs has resigned as Apple's CEO.
Yeah, it'll be interesting to see how AAPL trades tomorrow. Implied Vol on the options should be pretty pumped up, especially with the weeklies expiring on Friday. Many have said the "Jobs premium " in the stock is about $20-$70 per share. We'll see how the market feels about that.
August 24th, 2011, 07:37 PM
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shodson
Yeah, it'll be interesting to see how AAPL trades tomorrow. Should be interesting. Implied
Vol on the options should be pretty pumped up, especially with the weeklies expiring on Friday. Many have said the "Jobs
premium " in the stock is about $20-$70 per share. We'll see how the market feels about that.
My gut feeling is we'll see a run down to just below $300, before it turns around and continues its move higher as Q4 results are posted and the new products launched, holiday sales, etc.
Mike
August 24th, 2011, 07:43 PM
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If we do see a dip, which seems rather likely, it should be a solid case of BTFD if there ever was one.
Mike
Last Updated on August 2, 2018