For the past couple of days I have been on Steve Jobs for ripping off his shareholders by backdating options.
Yesterday Apple announced blow out quarterly numbers (which I have never doubted) and the stock jumped almost 10% after hours. The guy may be kind of a crook, but apparently people like the stuff his company makes.
Long term the high P/E (30 times forward) and the loss of Jobs may crush the stock, but for today, AAPL is a big money maker and I get to eat some fine Spring Crow.
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