03-01-2012, 09:18 PM
What breand said. Apple ISN'T trading like a growth stock, it's trading like it has no growth. Look at the P/E ratios of something like amazon, which has far lower growth.
The reason Apple has been going up every day is that the price is still catching up with the last earnings blowout. And if/when they blowout numbers again, the same will be true. This has been happening for 10 years, and all along the way people have said "this growth is not sustainable". I'm sure it's not forever, but there is nothing pointing to it slowing anytime soon.
If you think it's too risky, buy way out of the money options.
The reason Apple has been going up every day is that the price is still catching up with the last earnings blowout. And if/when they blowout numbers again, the same will be true. This has been happening for 10 years, and all along the way people have said "this growth is not sustainable". I'm sure it's not forever, but there is nothing pointing to it slowing anytime soon.
If you think it's too risky, buy way out of the money options.
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Currently PvPing in the stock market
Currently PvPing in the stock market