Saturday, March 21, 2009
If your average tech stock joined a gym and went every day at 5:30 am, it would be so it could look like this chart right over here --->. That's an Apple 2-year.
Pretty triple bottom.
The only thing that would make that chart nicer would be if the stock were already higher, but then the stock would already be higher.
People who know seem to think that this market is overbought short-term. We're down so far I don't think it matters. Apple is coming off a couple of tough Mac quarters, but that's nothing that a good global virus couldn't reverse. If you want to own tech, Apple is a decent place to be.