Apple: Insanely Great Stock
Sheez. Apple shares have just hit a new high: 166 a share, up 5 bucks today alone for absolutely no reason I can discern (is Dave Winer responsible?). I can’t even remember exactly when I bought some shares, but it was back when it was a bad idea.
It could be Leopard just around the corner or holiday sales of new Apple gear (even the rumored refresh to the Apple TV or Mac Mini) or plain bubblicious hype … but I’ll say there’s a mainstream awareness of Apple that hasn’t existed since the 80s. I have retired relatives asking if they should buy an iPod or an iPhone.
Then we have Google nearing $600 and there was even some ridiculous talk of it reaching $2000 a share. I’m wondering if there’s some deliberate attempts to pump up this bubble and cash out while the getting is still good. I still can’t quite forget the billions of dollars worth of mortgage resets coming… very soon now.
But my request is still the same as a few months ago: please split the Apple stock.