This time around I will focus on the greatest of the great Apple Inc. This the company with the largest Market Cap $740B and a stock most investors has to take into consideration.
Here you can see Apple’s performance since my first Apple blog back in October 2010. Apple been a great performer since the 90’s when I started following the co.
In 2010 I was impressed by Apple’s products and saw the positive trend and the momentum. I started my coverage. The stock soared till mid 2012, and many started questioning the company’s product developments, I was one of those.
The stock tanked. Me and many others got lucky and saw support around the $60 level, then Carl Icahn took a long position, the stock performed again. If i remember it right this was around when Apple came with bigger and renewed Iphone models.
The stock soared all the way to the $135 level and then got a correction. This till it found support at the $90 level, the Oracle of Omaha Warren Buffett took a long position. Buffett timed it great and has now a hugh return on his investment. When legends like Buffett invest it may be a wise time to follow and buy in.
Seems like both Icahn and Buffett done a great job with their Apple investments. Apple still with great products and Warren Buffett still with a position. A stock with a 50% return since last summer. Apple the greatest of the great.