This is more of a quick rant that on a quiet news day Gizmodo decide to publish an article about the Stevemeister’s health from a reliable source which when put out proceeds to send Apple’s share price down.
Even though Gizmodo stated that they were treating this as a rumour it had the desired effect of temporarily panicking Apple investors.
We then have a counter article appearing later from CNBC’s Jim Goldman who as before stated that if Apple have something to say about their CEO’s health, they will do so. This seems to have relatively stabilised Apple’s share price but ironically it’s still down even though the Dow is up approx 184 pts at time of writing.
Once & for all, I believe all rumours related to this area should be discounted until Apple makes an official statement. If they have been lying about this to support the share price,then the SEC should go at them with full force. Correspondingly, they should also go after anyone starting these rumours who could gain financially from shorting Apple’s stock.
The fundamentals of the company are good with excellent cash flow & enough cash to get through the global downturn. They also have a highly-regarded management team that share the CEO’s vision.
I’m going to try to ignore any further “health” rumours like this personally till I hear from the horse’s mouth.