Wednesday, May 19, 2010

Defiance of Gravity

Apple stock has corrected about 10%--right now it's $245--from its all-time high. One analyst says that the market is underestimating the greatness of the stock.
The P will be racing to keep up with the E in the P/E ratio. The most amazing thing about Apple is that its growth is still accelerating. The next 18 month’s of earnings look primed to propel Apple to become the largest market cap stock in the world.
Isaac Newton would never have come up with his theories if he watched this Apple's defiance of gravity. (Is my sarcasm coming through?) I was content to maintain my AAPL holding but commentary like this makes me want to lighten up.

No comments: