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Daily Archives: May 8, 2009

Another Bite of the Apple (AAPL)

May 8, 2009
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Another Bite of the Apple (AAPL)

I once bought Apple (AAPL) on a pullback just before it reported earnings.  It was a stupid move, but it paid off because nobody had anticipated just how many iPods Apple was selling. One of our rules for evaluating growth stocks is that the leaders of a previous bull market are seldom the leaders of the next one.  In fact, the odds are about four-to-one against it. But Apple is apparently beating those odds.  The stock, which peaked at 203 during the last days of 2007 and completed a kind of double top at 192 about a year ago...

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