Apple, Inc.

Jan 06, 2016
Commentary by Stephen Downes

This is a bit of a mea culpa but it's important to be responsible for the things one says. And so, on September 20, 2012, as Apple stocks nudged over the 100 mark for the first time, I boldly predicted that Apple stocks "will never be higher than they are right now. Never." I reiterated it a month later. In this case, 'never' turned out to be about two years, as the stock climbed back to the 100 mark August 22, 2014. And they've mostly been above the 100 mark ever since. Though I find it interesting that they're back to the 100 mark they were sitting at back in 2012 when I made my bold prediction. Would I make the same prediction today? Well, no, that would be too rash. But I don't think I'm wrong in my overall sentiment.

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