Title: Is Apple A Buy Or Sell
Category: Other
Blog Entry: I noticed that the shares of Apple is not far from its 52 week high of $97.80. The last I checked, it was at $96.63. Technically, it still looks very strong. Breaking the new highs often signal that the stock will go higher.
From a fundamental point of view, I have trouble with it.
The stock is trading at over 40 times P/E. I don't know if a cell phone priced over $500 will take off. I will hold off for now to see what my next move will be.
If it fails to break its 52 week high, I might buy some puts against it.
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