Investors a Little Jumpy about Apple

[Jeff Campbell]

<div class='os_post_top_link'><a href='http://news.cnet.com/8301-13579_3-10143000-37.html' target='_blank'>http://news.cnet.com/8301-13579_3-10143000-37.html</a><br /><br /></div><p><em>"Apple shares plunged 10.8 percent a share in after-hours trading Wednesday, after the company announced CEO Steve Jobs would take a medical leave until June."</em></p><p><em><img src="http://images.thoughtsmedia.com/resizer/thumbs/size/600/at/auto/1231997300.usr105634.jpg" /></em></p><p>I guess this was to be expected, coming on the heels of Steve Jobs announcement, but from everything I've read regarding this, pundits and "investment experts" still believe Apple is a buy and a great investment. This type of news would be alarming if it weren't about a company like Apple, in my opinion, since they seem to have been prepping for the eventual passing of the torch for some time. Good companies prepare for all kinds of contingencies, and while I hope Steve Jobs is going to be with the company for years to come, it sounds as if Apple has set the groundwork. At least that is what the "experts" believe.&nbsp;</p>

[doogald]

Real investors ignore short-term market moves. The last time Steve took time off the stock dropped off as well, but was back up to the original price by the time he came back.

I'd think that the more important thing to watch is how the stock moves after the quarterly results are announced next week, as investors will be reacting to something real - past results and the company's indications of future results.