We’ve always liked Apple stock as a buy-and-hold investment, but this rally is getting a bit silly, isn’t it? So much for being one of the few companies in America that appears to be doing just about everything right. It is therefore a must-own for all institutional pmanagers, although even Big Money must regret that it is only rarely that the stock can be shaken down to relative bargain levels. (Another flash crash, anyone?) From a technical standpoint, the stock’s turbocharged thrust past a 590.02 target has put another at 707.69 in play. In this case, whatever the most egregious, hype-mongering analysts on Wall Street are forecasting for the stock, they’ll probably be right.
