Well... Reports surface that Apples new iPhone G3-S, pre-order units sold out! But as you know the market is down today. Dont get me wrong i totally want my bear position to get back in play...
I do foresee (like many others), that Apple will open up the iPhone to Verizon at the very least. They have the leverage to prove that the iPhone will retain customers. They can always threaten to remove the phone from any carrier if they dont comply in some way.
Apple also finally dropped prices across the board for their laptops. That gives you a HUGE indication of where they think this economy is going in the next few months/quarters. I hope they do the same for the desktops as well. (I want to buy my wife an iMac and hopefully a cheaper 24 inch will lead to covering the cost of VMware Fusion - *sigh* Windows still required)
Anyway, i have a sleeping put that will expire in July...hopefully it catches fire by then. It acts more as an insurance policy in that portfolio. I still have FAZ sitting around as well in another portfolio. So... thats it...
Europe awaits in about 3 weeks... so who cares what happens to the market while i am away...
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