March 7th, 2012 Market Recap & Hello iPad 3

The market rebounded today, albeit on lower volume, as it filled yesterdays gap range then settled close to its intraday highs.

Markets aside, the talk of the day was the new 3rd generation iPad, which Apple did not introduce with a formal title. So is it the iPad 3, the iPad HD, or just the New iPad? Regardless of its title,  it boasts some pretty slick improvements including a 2048×1536 Retina display,  a faster processor, more memory, better graphics, 1080p video recording, dictation support, and 4G LTE connectivity.

Needless to say, as soon as the Apple store re-opened to take pre-orders, I immediately began a quest to get one which was quite an experience. The store crashed constantly as it was overrun with customers. After 30 minutes and several hundred browser refreshes though I accomplished my goal, successfully pre-ordering a White 32 GB iPad with a March 16th delivery date.

Updated market charts below included a current look at Apple stock.  Stay frosty out there and I will see you back here tomorrow!

Interesting Reads:

  • iPad 3 Revealed (Gizmodo)
  • Movement to bring awareness and stop Warlord Kony (TechCrunch)
  • 31% of FHA loans are in a negative equity position (CalculatedRisk)
  • The student debt bubble continues to grow at a record rate (ZeroHedge)

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Comments

  1. manish says

    blain, just tell me about TSCO after hours trade 1,84,000 at same price(87.50) what this suggest? who buy..who sell ?

  2. C$INR says

    That Kony story is somthing else. Technology is a double edge sowrd. This side is good.

    And I must say that iPad looks cool!

  3. says

    Hey Manish, definitely must have been an institutional order. As far as whether it was at the ask or bid, I am not sure. Do you know if $87.50 was the ask at the time?

    C$INR, agree with the double edge sword viewpoint. iPad FTW (for the win)! :)