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Technology Stocks : Apple Inc.
AAPL 269.06-0.5%Nov 3 3:59 PM EST

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To: Doren who wrote (124486)1/25/2012 12:58:25 AM
From: spitsong1 Recommendation  Read Replies (1) of 213172
 
Doren re: WE ARE SMART

Doren (in mid-November) re: Anyone have any idea why Apple is out performing the Nasdaq, by a wide margin, [yester]day?

Me (in mid-November): An equally good question would have been why AAPL had been dropping the week before. There's a fair amount of speculation about AAPL these days, post-Steve. Any close observer of Apple knows that some great products are in the pipeline and all bear the stamp of Steve. But the market doesn't know that now, if it ever did. And with Steve gone, so is market certainty. It's like the good old days when AAPL board members knew Apple had some great stuff coming but not many others did. And we were all complaining about AAPL's low valuation. And those of us who bought and held made bushels of money. "They just don't get AAPL", we used to say. Now that's become a cliché used for other stocks.

Message 27903816

AAPL traded between $384 and $391 that day. It's up almost 20% since then, if AH today is included. And we have room to run yet.
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