Well in 2009 when he took a sick leave it was the capitulation bottom for Apple. I saw it trade at $76 in afterhours. That was the lowest print. After that, Apple rallied straight up to $200 a share. But this obviously was largely due to the market bottoming as well. But yea, it was a capitulation on Apple last time.
Now I can't remember what happened he last took a sick leave. I think it was in 2004. But can't remember for sure. What I can tell you is this. For him to wait on earnings day to report a sick leave, it means that Apple will probably have very very strong earnings and are probably hoping that the impact of his sick leave will be dampened by strong earnings results.
By the way, Apple is going to beat top-line revenue expectations by $2 billion this quarter. That is the widest margin in the company's history. Its a massive beat on expectations. Last quarter I was off by $0.01 in EPS. I'm positive I have a really good handle on the company's financials. See here:
Now you can see my track record here:
Ranked 2nd out of 40 analysts.
So yeah. Last time Jobs took a sick leave it bottomed Apple. Maybe this time it might top the stock for the near-term? I don't know, but I think this is some sort of a top.
On Jan 17, 2011, at 10:04 AM, Peter Pan wrote:
Can you check what happened whenever Jobs took a sick leave? Thanks.
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