Apple Inc. / up 4716% since January 2003
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Posted: Thursday Feb 9 3:23:18PM 2012
Today Apple shares closed at $493.17. Shares have now risen 7654% since April 2003. Momentum players appear to have taken control. While the broader market ended essentially flat to slightly higher today, volatility increased significantly in the options market indicating that markets may be finally ready for a good swift pullback before markets continue higher.
Posted: Thursday Jan 26 3:33:29AM 2012
Yesterday Apple shares closed at $446.66. Apple is $2/share away from surpassing Exxon Mobil as the largest publicly traded company in the U.S. As late as April 2003 shares traded as low as $6.36. So since mid-April 2003 shares in Apple have risen 6923%. And contrary to what the average investor believes, Apple, with a P/E ratio today of 12.72 and growth rate that continues to impress is currently less expensive now than it was 9 years ago. The seasoned trader knows that as long as the average investor continues to believe Apple is expensive, Apple shares will likely continue to rise.