Originally Posted by AaronJ
So, closed the day at $589.58, +$21.48.
But I do agree with those who say it is still undervalued, because it is.
Amazing, isn't it.
As far as AAPL Stock price, it'll keep soaring as long as Apple company keeps soaring. Simple really. To me, out of allllllll the amazing and existing upside that can push this Stock to double its value+ in record timing, and out of all the "doomed!" fear speculation, there are two things that can hurt AAPL, that I will watch and that would tell me that it's hypothetically sell time: "Cool/Want factor", i.e Sales and public desire to have the products, noted especially in how brand new models do within their first weeks/months. And Earnings, of course. Do they need to shatter with 80%+ growth to keep this Investor happy? Absolutely not, but it sure is awesome. Just keep the ship moving, and don't lose the plot. If the P/E ratio ever moves UP after an Earnings call, that's when you might start to have some valid sell-reasons. However, we are in such an opposite end of the spectrum from that right now, with Apple's Earnings so great, the P/E just compresses so greatly after each call, there's too much more room for the Stock to go up before people get near "it's getting too high".
I'm so happy with the performance of this Stock, but fundamentally, every day I see it get nearer to $600, I just think "finally playing a little catch up, but you're still way behind, keep moving up and then we'll talk".