Apple Stock Sinks Despite Robust Profits. A good example of buying after the rush. Despite higher earnings, it is going to be hard for Apple to match the PE. It hit a high of $45 and is now at $36. Another reminder the key to making money is finding things that no one else knows about.
The iPod was a great story two years ago.
Still, UBS Investment Research analyst Ben Reitzes ratcheted up his
expectations for Tiger performance, exemplifying the lofty expectations
that Wall Street has for all Apple products in wake of the iPod.