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Apple ended the day up $1.50 at $69.66, a 2.20 percent jump in share price. The stock is building on anticipation of new products being released at WWDC. As Grant Robertson points out, all the flying rumors should be taken with a grain of salt. If they're responsible for the flying stock price right now one should consider cooling one's investing heels until after WWDC. That way when the stock dips as products people were hoping would come out don't show up one isn't disappointed as well. That would be a conservative and smart thing to do, but I doubt it will stop eager speculators for now.

Nonetheless, it is nice to see the upward momentum and excitement when four weeks ago dire worries about flash ram and iPod stagnation were the more common news stories.

More news from Apple today includes more auto manufacturers like Mazda, GM, and Ford working with Apple to make iPods work in car stereo systems, hints of Apple stores in Melbourne and France, and tension between Apple and Scandinavia.

Apple after the bell 08/03/2006: share price still gaining as WWDC approaches originally appeared on BloggingStocks on Thu, 03 Aug 2006 17:03:00 EST. Please see our terms for use of feeds.

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