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February 3rd, 2012 Question by mythbuster9: Will apple stock jump with the release of iPhone5 on Friday?
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Answer by The Bald Cajun
The iPhone 5 is not coming out til perhaps next year. The iPhone 4S is coming out on Friday and it has the IOS5 software update.
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i doubt it, apple has done it’s jumping already and many analysts are saying be vary of this recently rally. Remember, the market is moving ONLY based on HOPE out of Europe. The most important day that SHOULD tell you about the future forecast of Europe is on November 3rd. Germany will give you a good idea of whether or not Europe is safe from default. I think at MOST Apple will go up maybe another $ 10 or so but don’t expect much. If you wanted to buy stocks last week was a great buying opportunity and might i add Apple was at around $ 360 last Tuesday.
Wouldn’t it be great to just read a piece of news on the front page of Yahoo, have weeks to plan for it, and then know the stock was going to go up? Alas, it’s harder to make money than that..
If you own it already, that’s a good enough reason to hold on,..but not reason to buy it at full price of around $ 400