It looks like Apple is getting ready to announce the iPhone 5 and perhaps the mini-ipad on Wednesday (9/12/12). Once a year since 2007 Apple has dazzled the crowd with a "newish" phone and it is that time to do it again. So as traders where does that leave us?
Let’s take a quick look at the past announcements:
iPhone (Jan 9, 2007) Opened at 86.45 and in a couple of days ran to 97.8
iPhone 3G (June 9, 2008) Opened at 184.93 and in a couple of days dropped to 165.31
iPhone 3Gs (June 8, 2009) Opened at 143.82 and in a couple of days dropped to 134.89
iPhone 4 (June 7, 2010) Opened at 258.29 and in a couple of days dropped to 242.49
iPhone 4s (Oct 4, 2011) Opened at 374.57 and in a couple of days ran to 426.70
iPhone 5 (Sept. 12, 2012)