Wu finally drinks the AAPL kool-aid.
May 7th, 2008
What did I tell you?
Apple investors and those they associate with are bat-shit insane. That includes me.
All this after reading the news from CNNMoney.com today. More specifically, it’s that Shaw Wu of American Technology Research that’s driving the crazy bus to Looneyville. Turns out, AAPL stock may be worth purchasing after all. To wit:
In a research note, Wu said he may have jumped the gun in cutting his rating on Apple’s (AAPL) stock just one day before it delivered its second-quarter earnings results…Wu added that Apple’s stock is likely to remain “extremely volatile despite being universally loved,” by investors.
Universally loved by those that actually buy from and use Apple’s product line; extremely volatile by one-man bullhorns like Wu.
“May have” jumped the gun? These people have way too much power. When has this stuff been remotely predictable? Okay, maybe sometimes. But still.
While I’m glad to see AAPL sitting at $180+ after this winter’s skydive, all the stress that comes with these peaks and valleys is enough to make one consider a drinking habit. There’s no sense or order to this business news racket. Jesus, even Fox has a business network now. What does that tell yoU?
This experiment has its consequences. I’ve got to come to grips with that fact. Even Einstein said, “Uh, maybe The Bomb wasn’t such a good idea.”
Too late. Poobah Wu says a product “vacuum” in Apple’s lineup could still suck us all under its collective madness. He even adopts his prognosticator garb to mention “a radical redesign” of Macbooks and Macbook Pros since, you know, we’re due any day now.
Maybe this is a lesson in the fallacy of objectivity; for me, it’s been like riding piggy-back on a manic-depressive yet excitable hunchback. I’m holding on, but I’m wondering about the wisdom of the prospect. My goal is to make it to WWDC in June.
After that, all bets are off.