Morning, folks,
Clem Chambers gives us the news today, and as usual doles out great observations, assessments and advice on the high flying adored Apple stock. Read on and decide if you're brave enough to ride this wave!
Moving' On Up
Apple is selling millions of iPads and a visit to US stores will often leave would-be buyers empty handed.
iPad is a huge success and so is Apple's share price. It wouldn't take a big rally to put Apple at the top of the charts as the US's most valuable company.
Leading the Big Dogs?
This last fact is really the hurdle in imagining Apple having a big rally. If it was to double in value (something it's done many times in the last few years) it would be worth nearly half a trillion dollars and be far and away the biggest company on any American stock exchange.
At some point the sky IS the limit because you are in the stratosphere: Apple is in the stratosphere.
Should You Stay or Should You Go?
When stocks go ballistic, investors are often only left to look at the stock chart of the price history of the company to get a feel of what has happened and what might happen next. Often it's just a matter of putting one's investment finger in the air and guessing a direction. Yet right now Apple's share price has been see-sawing $20-25 in wild swings of manic depression. Not once or twice but six times since May.
This sort of action is strictly for fun-loving speculators. Anyone with vast profits and no portfolio diversification should think of selling down their position. Of course anyone brave enough to ride Apple from zero to hero is not about to listen to any naysayer, they have $300 in their sights.
The golden rule of investing is: no one should ever risk what they can't afford to lose. Meanwhile the golden rule of gambling is: leave the table while you're ahead.
Staying or selling? Tell us on Twitter!
Till Monday, Newsies...
Clem Chambers is CEO of stocks and investment website ADVFN. For free real-time stock prices go to: www.advfn.com
