Wednesday, June 11, 2008
Apple (AAPL) announces new Iphone.
Apple announced on Monday that the new Iphone would be 3G capable. The device will sell for $199, much cheaper than the previous versions. The phone will have built in GPS, faster internet and capability to play many more games than before. The stock has fallen hard since the Apple conference. I originally thought the stock was headed to $200 and had stocked up on shares in my fake portfolios on several sites. I think the shares are going to be sold heavily so people who bought in at the $100 range can take profits. I see shares going to $150. At the $150-$160 range I will be a strong buyer. I will probably buy shares in my real account on www.sogotrade.com.