Why It’s Time To Short Apple

Friday, March 16, 2012

Apple (AAPL) did it. It hit $600. Next stop $750, on the way to $1,000 – $1,500.

Apple is officially in runaway, fad mode. Where it stops, who knows? But there are two strong reasons to believe the run is over. The first is what’s happening below the surface: Weak buying and potential selling (as yet, unleashed). The second is a mind-boggling graph showing that Apple sits atop the same peak as the Nasdaq did on March 15, 2000.

This article is posted on SeekingAlpha.com


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