Title: Take profit on Apple
Category: Other
Blog Entry: According to to preliminary reports issued Wednesday by Gartner and IDC. Acer has as a result overtaken Apple (AAPL) in both U.S. and worldwide computer sales. According to Gartner, the Mac now has 6.1 percent of the U.S. market; according to IDC it's 5.7 percent. There is no question that Apple is hitting on all cylinders.
The stock is trading over 40 X trailing P/Es and forward 25 times. In light of an economic slowdown in the U.S. and likely the rest of the world, it would be prudent to take some profits on Apple. The stock is priced for perfection. If it can hold at $150, look to re-establish there.
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