“One thing I have noticed over the past three months and especially since the successful launch of the new 5S & 5C versions of the iPhone in Mid-September is that the skeptics of Apple (AAPL) seemed to have disappeared into the woodwork,” Bret Jensen writes for Seeking Alpha. “Of course, a stock chart like the one below tends to silence pessimists.”
“I don’t know about most Apple investors, but I kind of miss all the “Has Apple lost its Mojo?”, “Why Apple misses Steve Jobs” and “Is Tim Cook the right man to lead Apple?” stories that were a hallmark of the financial press as the shares fell from a high of $705 a share in September of last year to under $400 a share in late June,” Jensen writes. “The contrarian in me always feels better when a major investment of mine is treated to at least some skepticism. Other than the recent rapid rise in the stock price, the pessimism around the stock has receded for three major reasons.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]