Updated since 11:41 am EDT with a late day stock price.CUPERTINO, Calif. ( TheStreet) -- Apple ( AAPL) has adoring fans, but its investors are far harder to impress. The iPhone maker will post its fiscal second quarter results after the bell Tuesday and Wall Street wants nothing short of a bottom line blowout. But even that may not be enough, as we saw in January.
A good example of what to do with lofty Apple shares might be to look at the actions of Apple operations chief Tim Cook. When 300,000 shares of his restricted stock award vested on March 24, Cook didn't buy and hold -- he cashed out for $68 million. Apple shares were down less than a percentage point, to $245.55 toward the end of regular trading Tuesday. Investors might heed the whispers, but it's the roar of the sellers they need to gauge. --Written by Scott Moritz in New York.