By Ravi Bala:
It is a given that the iPhone will have a “major” upgrade and that new products will be unveiled. One thing people will attempt is to profit quickly from the event. Let’s be realistic. The only thing you will gain is huge volatility and a stomach ache should the price blip in a direction you were not expecting in a futile attempt to make a quick buck.
From 2001, until now, every Apple (NASDAQ:AAPL) event has done one thing to the price: absolutely nothing. A recent Yahoo article, claimed that if the event is a big hit the stock will surge through the end of the year. Announcements can’t and will not cause a stock price to soar for extended periods of time. It just creates, unfortunately, unnecessary speculative behavior and volatility for a short period of time. Considering the event as a make it or break it for