Apple is a great company and if you've owned stock for any reasonable amount of time, you are a happy investor. ?We can learn a lot about investing looking at Apple. ?We can learn plenty about Wall Street at the same time.Apple was just about $100 in 2009 and has been $700 recently. ?Wow. ?Nice win. ?Pretty much every mutual fund owns it and certainly most every hedge fund has owned it at some time and if it continues higher, they will all own it at the end of the year to make themselves look good on paper.
Lesson One - good stocks continue to go higher, looking at a chart, its pretty much a 45' angle with some pullbacks.
Lesson Two - even super great well performing stocks have significant pullbacks which is usually when supposed long term investors sell (and later wish they hadn't).
Lesson Three - eventually all growth companies and their stocks become too large to grow at the fantastic levels of the recent past and level out, Intel is a wonderful example, Microsoft too.
Lesson Four - you probably don't own it because if you did, your stockbroker or financial advisor probably sold it just as quickly because of commissions.
Lesson Five - Wall Street will get it wrong again. ?Over forty brokerage firms cover Apple and only one has a hold rating, no sells and plenty of buys and strong buys. ?REALLY? ?It is?reminiscent?of the tech bubble when almost no analysts would dare tell investors to sell anything.
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