Apple’s Push to $800
Apple’s (AAPL) stock has been on fire the last couple of weeks, moving from $500 to $600. The product release was as expected, iPad with improvements. Right? The excitement that surrounds new product release events for AAPL is historic dating back to its first release of the Macintosh. So why does the idea of investing in this stock during this move feel like I am chasing?
Even as I am still long AAPL, the idea of hanging on to my bullish position feels like I should be taking profits, yet the stock continues to power higher. The market as a whole feels overbought. The situation in Europe looks to be pacified for now. Right? These types of concerns often plague investors and cause them to make poor investing decisions because they are relying on hunches and feelings to make investment decisions. This is a common mistake, but a costly mistake that many investors starting their investing journey make.

