In previous run ups the pattern has been that a certain amount of lag time passes before a clear market reaction occurrs. The 12% run up appears to be uncharacteristic to my limited experience. Today (UK Today) will be interesting.
Additionally, the UK response and news flashes only mention the BAE element of the news. What happens when the pundits join up the dots and work out the significance of Tony Blevin as a member of our development committee.
COULD EVERYONE PLEASE SHOUT THE FOLLOWING:
Yes Tony is a VP of operations for APPLE, Yes he still works for APPLE. No the company is not going to join the dots for you they are under an NDA.
Surely the company has to assume they are addressing an intelligent professional group of news hounds, please don't prove them wrong guy, or is the Joel effect widespread amongst news hounds in the IC reporting world or what?
sula
