Apple: Four all-time highs in as many trading days

Is it time yet for the market to take a breather?

Below: The top 30 all-time high closings, courtesy of Dates in green indicate closing price was an all-time high at that time.

four all-time highs
Click to enlarge.

My take: If I owned Apple, I wouldn’t sell it. But what do I know?


  1. Richard Wanderman said:

    If I owned Apple, I wouldn’t sell it. But what do I know?

    More than most. Agreed.

    August 7, 2018
  2. Today will be the last all-time high until the week of August 31.

    I see the next all-time high after that occurring the week before October earnings (save damaging macro events).

    I note that Ming Chi Kuo and Nikkei Asian Review have been very quiet since their March/April statements proved so terribly wrong.

    August 7, 2018
    • Michael Thompson said:

      If this prediction turns out correct, I’ll consider your market prescience to be unassailable.

      August 7, 2018
  3. Fred Stein said:

    Apple’s forward P/E is 15.5, which is high by historical measures. But..

    Since Apple and Buffett took 30% of the shares off the table, the composition of the AAPL owners is quite different. As well, tax changes means that past and future overseas earning are now worth about 60% more than they were a year ago.

    With the caveat that short term stock price is always at the mercy of emotion, hype, and external events, AAPL easily merits a forward P/E up to about 20.

    August 7, 2018
  4. Michael Thompson said:

    We hit a new intraday high today and up until that point, every single person or institution that ever sold a share of Apple, did so too cheaply.

    My shares will be owned throughout the entirety of my life.

    The stock will be way higher one day. More good news will be released in one week. By reverse engineering Berkshire Hathaway’s 10q, it appears that Buffett bought another 10-15 million shares of Apple in the 2nd quarter.

    August 7, 2018

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