WTH is up with that stock? keeps on going up, why? makes me mad since i sold at 110 and it just keeps on rising!!
Agreed. Recent price action is not necessarily based on fundamentals. The stock is just hot. More demand than supply. I'll pull a number out of my ass: 135. And it will reach it by September.
Apple has made fashionable hip technology, which is a fickle market, but until they lose it, Apple stock will continue to rise. Heres a hint, the same people who pay $600 for a cell phone, will pay $2500 for a macbook pro.
People are saying that this stock is due for some correction. I agree with them, but that doesn't mean you should sell now. Just ride the wave, make sure you put the trailing stop, and let your winners pile up your retirement fund