Considering there are far fewer stocks today worth investing in, than back in 2000, and we have the same on-slaught of internet bubble like companies being IPO'd (Linked-in, FB, Groupon, etc.), I expect Apple to probably have a higher relative peak than Mr. Softy did. And surely its parabolic rise has been much steeper the past 18 months.
Microsoft went parabolic before the crash in 2000
Started by
nimblebear
, Mar 02 2012 02:35 PM
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#1
nimblebear
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- Traders-Talk User
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Welcome to the Dark Side !
Posted 02 March 2012 - 02:35 PM
Apple has gone more parabolic, with people now talking the stock going to $1000.
If history has any precedent, you can pretty much rest assured with nearly every hedge fund on the planet having a not too insignificant stake in this stock, and Jobs now passed, the upside here has about the same prospects as Microsoft did back in the year 2000.
I can remember similar headlines about them, and thinking why don't I own that stock ?
I thought about Apple this past week. Why don't I own that stock ?
Now I know why. For the record, I exited all stocks in 2000 right about the time, I thought about Mr. Softy.
Time to sit back and watch the show. Should be quite entertaining. Wonder how many fools will buy Apple this go around, and how far it will go, before they finally decide to exit ?
Considering there are far fewer stocks today worth investing in, than back in 2000, and we have the same on-slaught of internet bubble like companies being IPO'd (Linked-in, FB, Groupon, etc.), I expect Apple to probably have a higher relative peak than Mr. Softy did. And surely its parabolic rise has been much steeper the past 18 months.
Considering there are far fewer stocks today worth investing in, than back in 2000, and we have the same on-slaught of internet bubble like companies being IPO'd (Linked-in, FB, Groupon, etc.), I expect Apple to probably have a higher relative peak than Mr. Softy did. And surely its parabolic rise has been much steeper the past 18 months.
OTIS.
