Wang’s Happy Trading

Think you’re seeing double?

I first posted this chart on April 1 this year:

It showed that since 2003, Apple, Inc. (AAPL) shares has been doubling every year. I visited it again, on May 31, with a Seeking Alpha article, when AAPL’s market cap topped $100 billion.

Today, AAPL made a new all-time high of $157.41, with a newly raised target of $175! 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 about $157,000 from that original investment! That’s a 1470% increase!!

AAPL is only a blink-of-an-eye away from $160. Doubling again in 2007 for these AAPL shares doesn’t seem too far a target at all now!

Good night and HappyTrading! ™