“Growing fears of a Greek default sent both the S&P and Dow tumbling on Monday as investors fled the market with abandon,” Lee Brodie reports for CNBC.
“However, on the very same day shares of Apple made another new high,” Brodie reports. “‘Forget gold and Treasuries, the safe haven has become Apple,’ says an enthusiastic Fast Money trader Pete Najarian.”
Brodie reports, “And according to Najarian it seems likely that even more money is about flow into this stock. Looking at the weekly call options he sees strong volume in the 405, 410 and 415 calls. ‘That suggests options traders expect Apple to go higher very soon.’ And he doesn’t think Apple is just a momentum trade. Najarian believes the fundamentals also support the thesis. ‘They own the tablet market. They own the phone market. And they’ve got all that cash,’ he says. ‘All cylinders are firing.'”
Read more in the full article here.
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Yes, with more cylinders added the more it will speed up Apple to a Trillion company !!!
Like a Runaway Locomotive. Boo Ya……
Up up and Awaaaaaaaaaaay..
Too much greed. Pigs get fat, hogs get slaughtered.
“Pigs get fat, hogs get slaughtered.” Yep, the very thing my brother said when he sold his AAPL at $123, almost three years ago.
Such wisdom, such wisdom!
Yep, who’s laughing now?
Odd, Apple grows at 20% to over 100% in different markets and all the iKillers are stepping out of the game or are iRoadKill now. Greed? Why so little growth in the stock is the real question.
We (AAPL) should do better than last year. It rose 13.9% from $283.25 on 9/20/10 to $322.56 at the end of 2010. So, 13.9% on today’s $411.63 would be $468.76. I think it will go even higher this year. Apple is in more places and more carriers with fewer speed bumps in the way.
I am looking at $475 to $500 at year’s end. Hang on and enjoy the ride!
Thank god, Erin Burnett moved on from CNBC to CNN, she used to bash Apple any chance she could get, always trying to get interviewees to say Apple was in a stock price bubble.
People are finally getting AAPL. Stock split is with a year since we have new management team! 4,6,10 to 1?? Better buy more now.
AAPL in 2012 will be $523 easily!
” As the competition faulters, they are making AAPL look even better yet Apple does not need them because sales numbers are doing it with tight expense management.”
Go AAPL.
Yes, I’ve said for a while that AAPL would act as a “safe haven” and THE destination in a flight to quality, in a downward or flat market. After all, even if Apple’s ongoing business was suddenly valued at $0, AAPL is worth more than $80 a share because of the cash.
The one thing keeping AAPL down was the “Steve Jobs health discount.” And that concern is steadily evaporating. I think the current rise can be mostly attributed to putting AAPL’s price where it should have been already, based on “fundamentals.” And it will go up from there, in the near-term, due to upcoming releases (new iPhone, iCloud, and iOS 5) and record-breaking financial results from this quarter and next quarter.