Sunday 19 August 2012

Contrarian Apple indicator

$aapl made another all time high on Friday.  The below headline is currently showing on CNBC website.




"why Apple will soar 40% to $900".   Putting aside any fundamential views, anyone trading tech stocks in the late 90 will know this sort of hype was typical towards the end of the bull move.  This time may be different, but from a contarian investing perspective this sort of headline should worry the $aapl bulls.