SPOOZ Inc (SPZI)

[~MulaGreen~]

1M worth to read!!!Lose a Million in 30 Minutes

By Tim Beyers July 11, 2007


Pity Engadget. A good blog most days, the editors blew it on May 16 by suggesting that both Apple's (Nasdaq: AAPL) highly successful iPhone and forthcoming Leopard operating system would be delayed. From the original report:

This one doesn't bode well for Mac fans and the iPhone-hopeful: we have it on authority that as of today, the iPhone launch is being pushed back from June to ... October (!), and Leopard is again seeing a delay, this time being pushed all the way back to January of 2008.

Apple's stock plunged 2.2% on the rumor, which was debunked within 30 minutes.

Fortunately, the Mac maker recovered most of that loss in afternoon trading. Yet statistics from Yahoo! Finance show that 40.2 million shares changed hands that day. Odds are, someone lost a lot -- perhaps millions -- on this mistake.

Sell the rumor, sell the news
That's unfortunate ... but don't blame Engadget.

Think about it. If you're one of those who decided to sell Apple based on a Nicole Richie-thin assertion published by an admitted rumor site, then you're not an investor. But you might be a moron.

I don't say that easily. It's just that investors need some tough love right now, and I happen to be within hugging distance. I also know how it feels. Once, I needlessly allowed a 20-bagger in Sun Microsystems (Nasdaq: SUNW) to become a zero-bagger.


(DD is a good friend and trading teacher..imho)