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So why is it languishing at the level it occupied when it came public? First, we know the misery that social and mobile Internet stocks have visited on shareholders. Second, 64 million shares will be freed from a lock-up on Sept. 25. Given that there are only 73 million shares outstanding, you know people have to be worried about this, potentially the mother of all expirations.
Just Bite Into Apple Already Posted at 3:24 p.m. EDT on Wednesday, Sept. 12 Oh, for heaven's sake, stop trading Apple (AAPL) and start owning Apple. People are trading the stock as if it were a movie and sending it up and down based on the latest review. Look, I get the importance of the iPhone to Apple: It accounts for 70% of the company's earnings. I understand that some people are always going to be disappointed that it doesn't have this feature or that gizmo. But the important thing is that so many people have hung back and waited for this new iteration as a way to take advantage of the new rollout of 4G that it might just sell well anyway. And given that Sprint (S) is ready to go to war with Verizon (VZ) and AT&T (T) to give it to you, the subsidies will be heavy and the demand excellent.