JamesRennie

How long can this stock growth remain irrational.

Short
NASDAQ:AAPL   Apple Inc
The candles on monthly chart clearly show parabolic rise. A reduction in trading volume. With 50 month MA at about 165 reversion to me could mean 50% correction. Very over bought on RSI. Rapid increase in P/E ratio is showing that this crazy growth is not a result of a massive earnings growth. Likely there will be more FOMO by dumb money. There seems to be a lack of understanding of value. A company does not have to be bad to be over priced.

This company is great with it's cash positions and margins. It's stock price have over compensated for the positives.

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