Apple stock (AAPL) is currently up 8.31% after their 2007 macworld announcement of a multi-venture iPhone, while Blackberry manufacturer RIM (RIMM) is down 7.84%. Palm (PALM) is also down 5.69% and Motorola (MOT) another 1.83%:
That makes the spread of “buy apple for their iPhone announcement and short other handset manufacturers” at least 23.67%. I’m sure some savvy traders made a killing today, or at least very good profits.
|This entry was posted on Wednesday, January 10th, 2007 at 1:14 am and is tagged with apple iphone, savvy traders, apple stock, aapl, iphone, handset manufacturers, rimm, macworld, slams, rim, blackberry, profits, motorola, palm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback.|