When I heard about the CDMA iPhone, I bought QCOM and made a 20% profit. Plus I added to my existing VZ position, now up 25% plus dividends.
If I would have just bought AAPL, I would have watched the stock ramp 100 points/40% since September. It gained $100 billion in market value. Between one earnings reporting season the stock gained $100 billion in market value.
Now I ask you; do you think the new iphone is built-in to 10x perfection? It obviously doesn’t matter because every hedge fund keeps buying day after day. In fact, in just one week, the stock has added about $20 billion in value.
Are these people insane? Maybe it is I who is nuts for not owning it but it will continue to ramp without me. I am almost ready to make a bet that this is the Swan Song of Apple.
Let the flames begin!
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