Just like we predicted only a few months ago. Steve Jobs has resigned from his CEO position at Apple Inc. Fears of his health have been driving the stock up and down for the past few years. Watch for a dip tomorrow, followed by a “correction” Friday. The stock is bound to go back up. The question is how long it will take APPL to gain back its 400 level. Makes us wonder who knew, and who had any insider knowledge. We predicted it, but don’t hold us accountable. Still long on NASDAQ:AAPL, use this news and make some money. Sell early, then buy when the stock begins to start bouncing back up tomorrow.

Apple has grown far beyond Steve Jobs, so there really is no fear. Hope the man will get well, hopefully he didn’t jeopardize his health staying for this long.

His letter announcing the news is below.

To the Apple Board of Directors and the Apple Community:

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple”s CEO, I would be the first to let you know. Unfortunately, that day has come.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple”s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.
Steve

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