It doesn’t matter what the market is: real estate, tulip bulbs, stocks, bonds or baseball cards when the price move becomes parabolic the ending is never far way nor is it pretty. A parabolic move in the price of Apple is a warning sign that must be heeded. Its impossible to say when the run will end, MSNBC is breathless in their reporting but parabolic moves are unsustainable and a sign that the buying has gotten out of hand.
I have great admiration for Apple and the legacy of Steve Jobs and today my gorgeous wife finally got her Ipad. My guess is we have 9 Apple products in our home (does the Jobs bio count?) and love them to bits but being a consumer and owning the stock are two different things.