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Apple stock help drive mutual fund returns

by Scott McNulty Jan 14th 2008 at 10:00AM

I'm not Wall Street wunderkind but it doesn't take Warren Buffet to know that Apple's stock has been performing well. It would seem that, at least according to the New York Times, Apple's performance coupled with Google and RIM has lead to many mutual funds seeing extraordinary growth this year. Many funds are glad they didn't sell all their Apple stock when it seems that it just couldn't go any higher (how high can it go? I have no idea, but since I don't own any Apple stock it really matters little to me).


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I'm not Wall Street wunderkind but it doesn't take Warren Buffet to know that Apple's stock has been performing well. It would seem that,...
 

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Martin

Of course it can go higher, AAPL lost 30$ in the recent weeks.

January 14 2008 at 1:34 PM Report abuse rate up rate down Reply
mjgrothaus

How high can it go?

$300 a share in 12 months.

$600 a share in 24 months.

January 14 2008 at 10:25 AM Report abuse rate up rate down Reply
2 replies to mjgrothaus's comment
Chris

Sure, why not?

But I'm sure the stock will split again before it hits $300 which will make it seem more obtainable to many.

January 14 2008 at 10:29 AM Report abuse rate up rate down Reply
LuminousNerd.com

Not just seem more obtainable, BE more obtainable.

January 14 2008 at 1:17 PM Report abuse rate up rate down Reply
Tyler Morgan

I hope it hits $300.00USD by the end of the year.

January 14 2008 at 10:21 AM Report abuse rate up rate down Reply
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