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Mr Apple You're Sued



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Jan 11 2007
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A day after Steve Jobs received thunderous applause for releasing the much-hype iPhone at MacWorld, Cisco smile at the face of Steve and said “Steve, your iPhone is very excisting but Steve, your Apple is SUED”.

My previous blog mentioned how I thought Apple Computer’s (Nasdaq : AAPL, stock) should have talked and come to some sort of agreement behind the curtain with Cisco (which obtained the iPhone trademark in 2000 after acquiring Infogear which owned and had sold iPhones for several years) in using the trademark iPhone, or else Apple would have use another name. But with this new development, it seems Apple lawyers had not signed and returned the final contract (according to Cisco), if it’s true both parties have been at negotiation table for years and agreed in principal. So I think the lawyers should get fired first before settle out-of-court with Cisco System Inc (Nasdaq : CSCO, stock) with a cup of Starbucks Corporation (Nasdaq : SBUX, stock) coffee.
Talk about my investment on Apple Call Option, I mentioned iPhone Definitely Make Me Money and I might take-profit yesterday but I didn’t. Reason being the behavior of the stock during the first 45 minutes – sellers were well absorbed when the stock price went higher than the highest of the 45-minuts. This is how I gauge the emotion of the stock market. It was very bullish the whole day with profit-taking emerge along the line every now and then. Since the stock went so wild, the sentiment from the market-place is the $100 level. So I set my limit-order to something between $98 and $100 but it never get triggered. We’ll see how it goes when the market open today.

What will be this new law-suit affect Apple stock price? If the chart of Apple share after yesterday closing were to take into consideration, I would say it’s non-issue as investors seems to ignore this news completely. After trading hours shows the stock price is down about 40 cents (at the time of this writing) only.

# TIP: The first 45-minutes is crucial and can be a good indicator to the market emotion. Always apply limit-oder instead of market-price to maximize your profit.

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