Wang’s Happy Trading

Apple, Inc. (AAPL) reached over $100 billion in market cap with today’s 3.87% gain! Since April 25, 2007, when it was trading around 95, AAPL has risen 25%, which led to today’s close of nearly 120 (trading above 119 in AH)!

Remember back in April, April 1st, to be exact, we were pondering whether AAPL will again double this year? The premise was that an article from SeekingAlpha was calling for AAPL 200 in 2007, and I presented this chart:

This chart shows that AAPL has been doubling every year since 2003. If someone had invested $10,000 and bought 1,000 shares of AAPL in 2003, and had held on to it until today, he/she would be holding almost $120,000 from that orignial investment today!!

Who knows if we’ll see AAPL 200 in 2007, but, AAPL sure does have lots of new products, from iPod to iPhone to iTV to i”This” and i”That”, and, it just got the nod to replace MEDI in SP100!
And, no one can say for sure how AAPL will perform for the rest of the year. But, if 160 pretty much means AAPL doubling, again, in 2007, 40 points more in the next 7 months is not that difficult to imagine!!