I thought Steve Jobs looked energetic when I sat down with him, reveals New York Times reporter David Pogue on Fast Money. Seeing Steve Jobs back on stage was just a big relief.
The New Stuff
Jobs started off by announcing a new version of Apple's popular online media store, iTunes, and updated software for the iPhone.
He then unveiled new iPod features and colors, including adding a video camera to the iPod nano, as well as price cuts for other models, ahead of the crucial holiday season.
There’s no question that all of this goes to show the power of Apple and we’re just seeing it perform in spades, muses CNBC’s Jim Goldman.
What’s the trade?
The trade on Apple was to cut down your position on the return of Steve Jobs, muses Joe Terranova. I think investors will be able to buy this stock around $160 within the next two weeks.
There was no gadget surprise at their event, adds Tim Seymour, and that was part of the disappointment. But I wouldn’t be a seller. Just because the excitement is slowing down doesn’t mean the stock can’t go to $190. And Apple also announced price cuts, he adds. I think that's long-term bullish.
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Trader disclosure: On Sept. 9th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (WFT), (SU); Terranova Owns December Gold Futures; Terranova Is Short Dec. Copper Futures; Terranova Owns Oil Futures; Terranova Is Short (CCL); Terranova Works For (VRTS); Najarian Owns (AAPL) & Short (AAPL) Calls; Najarian Owns (BAC) & Short (BAC) Calls; Najarian Owns (C) Calls; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (DFS) Calls; Najarian Owns (FCX), Owns (FCX) Put, Is Short (FCX) Calls; Najarian Owns (JPM) & Is Short (JPM) Calls; Najarian Owns (JOYG) & Short (JOYG) Calls; Najarian Owns (MS) And Is Short (MS) Call; Najarian Owns (MSFT) And Is Short (MSFT) Call; Najarian Owns (PALM) Calls; Najarian Owns (TEVA); Najarian Owns (V) & Short (V) Calls; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Calls; Seymour Owns (AAPL), (BAC), (DIS), (EEM), (FXI), (RIG); Seymour's Firm is Short (GFI)
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