Steve Jobs takes a leave of absence

As reported by the Wall Street Journal, Steve Jobs is taking a medical leave until the end of June due to worsening health issues. Mr. Jobs said in an email to employees that he would be handing over the reins of the company temporarily to Tim Cook, Apple's chief operating officer, who filled in for Mr. Jobs when he took a leave in 2004 to battle pancreatic cancer.

We wish him well! As the market reacts and continues to drag the shares price, looks like Apple shares will be a bargain buy at $80's range.

Going to be buying (more of) it at $81.16.