Apple shares set new 52-week high to close at $29.81

Shares of Apple Computer (AAPL) closed up $1.03, or 3.58%, at $29.81 in NASDAQ trading today on 5,142,823 share volume to set a new 52-week high after Chief Executive Steve Jobs demonstrated the company’s new AirPort Express at an industry conference in San Diego. AAPL’s previous 52-week high was $29.58 set at market close on 04/15/2004.

NASDAQ AAPL quote here.

17 Comments

  1. This can only mean one thing. The beginning of the end for Apple.

    I predict they’ll be out of business sometime after Longhorn is released. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

    -B

  2. BEBBLE BROX – WHAT A FSCKIN IDIOT!

    This is very good news!

    IM AFFRAID APPLE WILL BE AROUND LONG AFTER MICROSHIT HAS GONE – NOW FSCKOFF AND GO BACK TO YOUR SHEEP PEN WITH ALL THE OTHER PC WEENIE SHEEP THAT HAVE NO BRAIN AND CANT THINK FOR THEMSELVES!

  3. PC users must be saying to themselves: “this phenomenom is proving the Law of ‘Supply and Demand’ to be wrong”.
    My advise: buy stock before Apple’s market share reaches .01%!!!!

  4. Let’s give Pete a break. His heart was in the right place.

    Had it said what he thought it said…I would want him on my team any day of the week!

  5. Nah -I think we should execute Pete. It’s reasons like him that PC people hate us Mac loyalists – can never take a joke.

    ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  6. Hey Beeb, you hooked a live one * chuckle *

    Looks like we could have a double dip on this stock — the late buyers might just overcome the sellers-on-the-news. This could happen if the WWDC brings out many unexpected announcements. Given the recent ones, looks like Jobs is making room for something else or setting up for massive RDF — I can feel the waves tuggin’ at me already. Now, if the RDF hits the early sellers after their move and they buy right back, this puppy could breach some institutional trigger and lead to an extended-duration rally. Whatever happens, we’re in for some volatile patterns. My advice: sell, buy, sell, buy, sell, buy, sell the car, buy, sell the house, buy, sell the Mac, buy, grab the kid’s iBook and take off for Arizona without tellin’ the family.

    Got that?

    * chuckle *

  7. <disclaimer> The following is NOT sarcasm </disclaimer>

    APPL is an extremely undervalued stock IMHO. Many stocks, especially on the NASDAQ, are over-valued yet still do well. APPL, though a shining star of tech stocks, rarely gets its due and thus, its valuation closely matches its earnings. This is good because it makes the stock less volatile.

    Because Apple earnings closely track its actual stock valuation, Apple stock is, IMO, a good bet these days. This is especially true as Steve continues to roll out new products like clockwork.

    I firmly believe that Apple has hit its stride. New consumer products, ever more powerful computing hardware at lower prices, new respect in the enterprise with much more to come, continuing cross polination with Linux and UNIX developers, more and more acceptance by the open source community, a solid line of pro media apps, a ever maturing OS, and I could go on.

    In summary, look for continuing good news on the stock price of APPL.

    -B

    Note: Of course, I could be wrong, in which case please refer to my first post in this thread ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  8. APPL vs AAPL — I do it all the time.

    > and I could go on.
    Not to mention the projected doubling of sales coursed directly through Apple Stores nor mindshare of Windoze users approaching critical mass. (Takes ten thousand tons of W_user brains to come up with enough gray matter to trigger a mass switch.)

    > Note: Of course, I could be wrong, in which case…
    We’ll hear from Pete Burrows again.

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