Apple's Easy Money Run Has Begun
The trading range of 2011 that limited Apple's upside because of the Steve Jobs uncertainty, the European sovereign debt crisis and trepidation because of the delayed iPhone 4S -- all are long gone. From Jan. 1, 2010 until Nov. 25, 2011 Apple investors suffered through 10 corrections that sold off an average of $42 each time. Those trading ranges have been replaced with the kind of action we haven't witnessed since 2007.
In 2007, Apple experienced a dramatic 135% nine-month rise from $84 to $198. During that run Apple only had seven corrections that exceeded $5. Excluding the typical August low, the average selloff lasted seven days and the stock corrected an average of $8.40.