This week at Mac World, Steve Jobs announced the company's latest product, the Macbook Air. I have to admit, it is pretty cool. I'm actually in the market for a new laptop and I'm leaning toward getting a mac (despite my dark Microsoft days). In case you haven't heard yet, here is a video showing the Macbook Air.
Now the problem is that it starts around $1800 and goes up from there all the way up to $3000. It's a little bit more than I want to spend.On a related note, boy am I glad I didn't buy Apple when I was looking at it.The stock looked poised for weakness there and boy was I right. Rick urged me to buy at $195, but I resisted. The stock closed just under $160 today, down 6%, I would have taken a huge haircut on that trade (although I would have gotten out way before now) Maybe I should ask Rick for advice, and then do the exact opposite. I might make my double then!
Actually, my advice would be to short Apple at this point. The market is looking ugly, and the former leaders like Apple are going to get whacked. Short the market as a whole (sds) or short some of the stocks that have been great like Apple or Monsanto.