Disputing Apple's 'Large' Short Position

I estimate that since Tuesday the market has given back about half the increase associated with the iPhone introduction ($99 in late Tuesday trading to $89 this morning), so thus far my analysis seems to have been respectable.

In my three-part series I also acknowledged my limited knowledge of technology so I used a number of professional sources as a source for my analysis, which I find to be more rigorous than unsupported blanket statements of opinion.

This morning I wanted to pass on a comprehensive and negative assessment of the iPhone product by Computerworld, "How Steve Jobs Blew His iPhone Keynote."

This are the six main points presented by Mike Elgan, Computerworld's technology writer.

1. Jobs raised buyer expectations too high.
2. Jobs raised Wall Street expectations too high.
3. Jobs gave competitors a head start.
4. Jobs undermined Apple TV hype.
5. Jobs put iPod sales at risk.
6. Jobs wrecked Cisco talks.

No positions in stock mentioned