To stay the least, I love the Apple toys, iPhone, MacBook, iPod. As a matter of fact, I want to have anything that has Apple produces. Now, we will have the iTablet, which will be unveiled to the world to see at 1 PM (EST). There is an old Wall Street adage that goes like this: "Buy the Rumor and Sell the News."
AAPL has had a great price run since March 2009, going from $78 to over $200. But, IMHO, I think the party is over. The following chart depicts the various cyclical phases for AAPL, just like GS. The stock has definitely been going through distribution, and it appears that the distribution phase could conclude today with the unveiling of the iTablet. The next phase, declining, could take us back to the mid-$80s. Sorry Apple, but I still love your products.
Note: To enlarge, double-click inside of it.
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