Friday, October 03, 2008

Rumor Mongering


Unconfirmed Steve Jobs rumors flitting around, so keeping an eye on AAPL here. Volatility lifting, but not enormously so. Volume is pretty high though for this time of day.

....OK, it's on the internets now.

"Citizen journalism" gets its first real test. A story of major consequence that, thus far, no one else has reported.

CNN's iReport:

Steve Jobs was rushed to the ER just a few hours ago after suffering a major heart attack. I have an insider who tells me that paramedics were called after Steve claimed to be suffering from severe chest pains and shortness of breath. My source has opted to remain anonymous, but he is quite reliable. I haven't seen anything about this anywhere else yet, and as of right now, I have no further information, so I thought this would be a good place to start. If anyone else has more information, please share it.


We're making calls, but as yet we have no idea whether it's true. Nor does anyone on Twitter, which is buzzing about it.


Volatility has officially picked up now, up 10 points or so in the Octs.

.....and now it's denied.

"Citizen journalism" apparently just failed its its first significant test. A CNN iReport poster reported this morning that Steve Jobs had been rushed to the ER after a severe heart attack. Fortunately, it appears the story was false. An Apple spokeswoman categorically denies the report


...And volatility back to whence it came. Or something like. Octs in the 90's again, which is new normal for AAPL.
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