Stupid Headline of the Week
I might have to start the equivalent of the razzies for investing. Today's topic, courtesy of CBSmarketwatch, looked funnier online because the the headline was in huge bold print. Crossing a $100 is a big deal you know because, you couldnt, for example, do a reverse stock split to accomplish the same thing...
April 26, 2007 11:01 A.M.ET
BULLETIN
Apple tops the century mark
Shares to top $100 as earnings surge and 10.5 million iPod units are sold in quarter. Sales overall grow 25% to $5.26 billion.•
SELECTED APPLE MILESTONES
• 1976: Apple founded• 1984: Mac introduced• 1985: Jobs ousted• 1997: Jobs returns• 1998: iMac introduced
• 2001: 1st Apple Store• 2001: iPod announced• 2006: Intel conversion• 1/9/07: iPhone unveiled• 4/26/07: Stock at $100
April 26, 2007 11:01 A.M.ET
BULLETIN
Apple tops the century mark
Shares to top $100 as earnings surge and 10.5 million iPod units are sold in quarter. Sales overall grow 25% to $5.26 billion.•
SELECTED APPLE MILESTONES
• 1976: Apple founded• 1984: Mac introduced• 1985: Jobs ousted• 1997: Jobs returns• 1998: iMac introduced
• 2001: 1st Apple Store• 2001: iPod announced• 2006: Intel conversion• 1/9/07: iPhone unveiled• 4/26/07: Stock at $100
posted by Odoacer at
10:04 AM
2 Comments:
Well, I haven't studied it and have no plans to do so, but I would bet that once a stock is over $100 there are more small trading errors because there's an extra digit to enter and hence more opportunity for error.
All I got.... :-)
You guys all have jobs? How'd the portfolios do this year?
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