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...
