AAPL breaks all-time high ... again

I don't know if anyone else noticed, but shares in Apple, Inc. have reached another all-time high price.
Just minutes ago, AAPL was at US$428.40, although as usual the stock price will probably wobble all over the place before the close. Why is AAPL doing so well? There is mucho speculation that the company will announce record earnings ... again ... on Tuesday, there's a lot of interest in tomorrow's education / textbook announcement, and many related companies (suppliers and mobile carriers are the prime examples) are reporting increased earnings based on sales of Apple products.
At press time, Apple's market capitalization was at $397.97 billion. Yowza.
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Source: http://www.tuaw.com/tag/aapl
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I don't know if anyone else noticed, but shares in Apple, Inc. have reached another all-time high price. Just minutes ago, AAPL was...
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Apple making new highs, really nice. However in the long term, seems like it's starting to flatten out as it follows the 200day ema. I think it should be slow and steady for the next few years. In 2005 it was trading at $40 considering splits up to today.
Absolutely amazing.
Steve, as a financial professional, I would strongly advise you to stick to your expertise, which should be tech (blogging) and to refrain from commenting on stocks or investments. The pattern in your posts is evident. You seem to be the first one to point out an increase in Apple's stock price to the (many!) readers of TUAW, but never point out any downsides or downside risks. Today for example you act ecstatic about a daily increase that in fact lags 30% behind the daily increase in the broader NASDAQ index and behind AAPL's peers. Your stock related posts are nowhere to be found on down days which are numerous due to the stock's popularity and its popularity with options traders and the consequential short squeezes. You likely if not clearly own AAPL shares yourself, yet you do not provide disclosure on that fact - something that your employer at this blog (AOL - a public company itself) should definitely not endorse.
Be wise Steve, stick to what you know and leave financial advice to the pros. I very much enjoy reading TUAW but posts like this make me cringe...
Just wait until tomorrow after (or even during) the presentation: it'll come down. This little bump is due to the expectations of what will be announced.
January 18 2012 at 2:23 PM Report abuse Permalink +3 rate up rate down ReplyHot Apps on TUAW
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