Apple Goes Parabolic

AAPL is up another 3%, more or less, as I write. Which is about par for the course, every  day. It’s called going parabolic, but it really isn’t a parabola, y=x^2. Those who stayed awake in high school math will recognize a geometric progression, y=1.03^x in this case.  I just discussed this with my HP-12C and it explained that anyone – yes, anyone – with $585 to buy  a single share will be a billionaire in just 486 trading days, a little less than two years. How cool is that? Anyone can be a billionaire by buying a share of AAPL, and since there are nearly a billion shares outstanding, there are more than enough shares to go around. Assuming, of course, that this behavior of 3% a day continues. The company would be worth $10^18 roughly, a billion billion – a quintillion – dollars.

Not going to happen. These “parabolic” moves always reverse hard. Jeff Gundlach was quoted  as saying that Apple was the short of a lifetime. He’s probably right. He usually is.

Edit: You gotta write fast, these days. Apple is now up 4.5% on the day. No moron left behind, that’s the boyz’ motto. On the other hand, no-one wants Treasuries, it seems. Well, I’ll do my public service and pick up some of the unwanted paper. Just to help out, y’know.

Both comments and trackbacks are currently closed.
%d bloggers like this: