Apple at the beginning of last week was $179 given iPhone sales over the weekend, the Google earnings miss pulled Apple down to $165… a $14 drop! AAPL closed today at $166.29 and because of lowered guidance (due to a new product roll-out costs) in after-hours sold off $16.59 to $149.70! For the long term investor this is another “gift” as we will open tomorrow well below the 200-day Moving Average.

Remember, Apple (AAPL) is a $130Bn for a company making $5Bn a year, growing at better than 30% even in a poor economy. They have 2 of the hottest consumer products (iPhone/iPod & Mac Computer) in America and is rolling out new retail stores on a weekly basis… While this might look bad today, keep a long term focus and make smart adjustments.

AppleOption member-only discussion of all three portfolios and post-earnings adjustments.

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