Apple's breakout was driven by news, mean reversion expected.
The stock has experienced a triple boost recently:
- Extensive media coverage from Warren Buffet's Berkshire Hathaway purchasing 5% of Apple.
- Extensive media coverage from Apple being the first company to hit trillion dollar valuation in US history.
- Stock Buyback artificially inflated earning-per-share, PE growth was the only driving force of price boost.
- Extensive media coverage from Warren Buffet's Berkshire Hathaway purchasing 5% of Apple.
- Extensive media coverage from Apple being the first company to hit trillion dollar valuation in US history.
- Stock Buyback artificially inflated earning-per-share, PE growth was the only driving force of price boost.
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