MacDailyNews: Apple stock price in advance of next-gen iPhone breaks the mold

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Apple stock price in advance of next-gen iPhone breaks the mold Sep 30th 2011, 18:02 Sep 30, 2011 - 02:12 PM EDT — AAPL: 386.04 (-4.53, -1.16%) | NASDAQ: 2442.90 (-37.86, -1.53%) Friday, September 30, 2011 · 2:02 pm · 2 Comments "Wondering what's going on with Apple's (AAPL) share price with a big iPhone announcement just around corner?" Philip Elmer-DeWitt asks for Fortune. "Andy Zaky has been tracking the trading patterns before and after Apple's special events on his Bullish Cross blog (now behind a paywall) for several years," P.E.D. reports. "He offers these observations (I quote): 'The stock is usually up pretty big in the two weeks ahead of the event. In fact, in the previous 4 iPhone releases, the stock was up between 2.5% and 18.1%. For the iPhone 4, we saw a 3.73% rise over the two week period ahead of the introduction. This time, the stock is down rather dramatically. Almost $17.00 from where it was trading at last Tuesday (2-weeks before the keynote). So maybe that means this time Apple will rally?'" Read more in the full article here. Categories: News Tags: aapl, Andy Zaky, Bullish Cross, finance, iPhone 4S, iPhone 5

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