A couple of weeks ago I linked to Albert Wenger’s bearish case on Apple.
Today I came across a bullish case for Apple, calling for it to be $1000 within the next 12 months.
I own some $AAPL. It has retraced about $60 off its highs from last month. I bought some shares Monday and I bought more today, both around $638. I plan on picking up some more if we head lower.
As Howard Lindzon wrote recently: the trend won’t last forever. But I do like it for now.