Apple doubles

Apple closed at $284 Monday, the latest in a string of all-time highs. This one was special.

Iapple doubles 284t’s been nearly a year since Apple warned investors that its 2018 holiday quarter was going to come in roughly $5 billion short. The next day, shares closed at $142, down 10%.

On Monday, Apple closed at $284, up an even 100% from its 52-week low.

The chart below, courtesy of AAPLInvestors’ Terry Gregory, ranks the top thirty all-time high closing price per share of AAPL. Dates in green indicate closing price was an all-time high at that time.

Click to enlarge. 

My take: Merry Christmas.

16 Comments

  1. Gregg Thurman said:
    Why are you nervous, you don’t have any capital at risk?

    0
    December 24, 2019
  2. Scott Davis said:
    What a year! Count your blessings, which are many.
    Peace.
    -Dr. Scott

    6
    December 24, 2019
  3. Jerry Doyle said:
    Joyeux Noël et Bonnes Fêtes, et que les LSU Tigers l’emportent!

    Geaux ! Geaux !

    0
    December 24, 2019
    • David Drinkwater said:
      Hey, Jerry, knock off the LSU Tigers bullshit: it’s not relevant to Apple.

      1
      December 24, 2019
  4. Michael Thompson said:
    Every equity asset manager must be asked this simple question, especially those that have underperformed (most), ‘why didn’t you buy as much Apple as you could when Apple was at 142 or 152 or 162 or 172 last year’? Buffett? “Smart Money” hedge funds? College Endowments? Pension Funds? Why? There was no easier or more assured winning bet in the market.

    Those that have been smart enough to be in an Apple dominant portfolio especially a leveraged Apple dominant portfolio have destroyed the market this year.

    1
    December 24, 2019
  5. John Konopka said:
    Merry Christmas everyone.

    1
    December 24, 2019
  6. Alan Birnbaum said:
    Happy Chanukah & a Happy and Healthy New Year !!!

    2
    December 24, 2019
  7. Gregg Thurman said:
    It would appear that all the traders have gone home for the holidays, and most likely won’t be back in volume until after the New Year.

    With that in mind, I bought JAN 3 $277.50/$280 Call Spreads this morning at $2.00. Yield, if successful, will be 23.50%.

    0
    December 24, 2019
  8. Gregg Thurman said:
    Cherry-picking comparison numbers don’t count.

    Intraday high on Dec 24, 1998, was $151.55

    Today’s intraday high was $284.89.

    That’s a gain of 87.98% YoY no matter what happened in between, and THAT is spectacular.

    0
    December 24, 2019
  9. Larry Fritzlan said:
    Someone smarter than me will have to verify this for accuracy but it seems, ballpark, that Apple Stock has almost doubled every couple of years since 2004.

    2004: From 2 to 4: 6 months
    2004: From 4 to 8: 12 months
    2005: From 8 to 16: 42 months
    2009: From 16 to 32: 12 months
    2010: From 32 to 64: 41 months
    2013: From 62 to 128: 20 months
    11-19 138 to 256 34 months
    256 to 512 ? (Probably not a question of if, but when.)

    Happy, long-term holder…

    3
    December 24, 2019

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