Apple – $300 – so says Blogging Stocks.
Hard to believe that only three years ago, it was trading at $10.
Whether it’s Apple heading to $300 or Google going to $1000, there’s a lusty love affair happening with successful, high-profile tech stocks. But if this reminds you of the dot-com boom, you’re wrong because investors seem to be selective, although they’ve shown unbridled enthusiasm for the names they love.
What we’re seeing now when it comes to Apple is a lot of people realizing later rather than never that the iPod, iMac, iPhone and iSteve are red-hot with no end in sight.
Sure, there will probably be gains to be had but where was everywhere when Apple shares were struggling even though it was sitting on a mountain of cash?
If I had some cash burning a hole in my pocket, I’d sink a pile of it in Apple shares now. Why? It’s a bet on the madness of crowds and a near-guarantee that investors are going to crazy when Apple posts its next quarterly results in the wake of strong holiday sales.
$300 may be a lot closer than you think.
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