Apple's Easy Money Run Has Begun

NEW YORK (TheStreet) -- Apple stock is in bull mode. Make that ultra-bull mode. Since the Nov. 25 low of $363, this stock has risen 56%.

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.