01/17/2009 05:12 am ET | Updated May 25, 2011

Apple's Planned Macworld Absences Send Stock Down

As Freud said, "Sometimes a cigar is just a cigar". It is not always a symbol for a part of the male anatomy. It is a smoke, a pleasure, something to do outside to get away from the family. Don't read between the lines. Apple investors should learn more from Freud.

Trade shows are a poor place to do business. Most of the attendees drink too much and carry on in other ways. All the exhibits make it too distracting to have long meetings. Moving a big booth to a show and having people to answer questions twelve hours a day can costs hundreds of thousands of dollars.

The Consumer Electronics Show, the largest trade show in the world, will be sparsely attended this year, at least by exhibitors. The recession will be part of that, but the event was always attended by a lot of tourists in Las Vegas who were never going to buy anything.

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