By: Technical Tim, Fri , April 13, 2012
I am amazed at all of the news this stock has absorbed, but the headlines simply have to alert long term holders to unload shares to satisfy all of the buyers.
"When the ducks quack, feed them." This is a famous aphorism to explain how to behave properly in the markets. I've read this from a variety of the most famous stock traders of all time and it is one of the most difficult ways to trade because you have to stand against the crowd.
The bold and brash longs in AAPL haven't been tested in this entire rally, from a price perspective, from $380. If you look at it as a $38 stock going to $64, then it doesn't seem as thrilling, but it is the same %. I imagine it may be easier to find comparable bull moves than I had implied.
It would be interesting to assemble a page of the biggest, greatest bubble stocks of all time: S&P500 1987, MSFT into 2000, KO into 1998, DELL, CSCO, NASDAQ, NIKKEI into 1989, CRUDE OIL at $140, etc...