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As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

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'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch

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Apple opens at record high $321

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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November 9, 2010, 11:18 AM ET
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The stock has climbed nearly 65% in the past 12 months

Having closed at an all-time record $318.62 Monday, Apple (AAPL) picked up Tuesday morning where it left off.

It opened at $321 — itself a record high — and quickly rose to a new intraday high of $321.30.

In fact, Apple has spent much of the past two months in record territory, thanks to a strong product lineup and a string of impressive quarterly earnings reports.

According to Terry Gregory, a regular at Investor Village’s AAPL Sanity board who tracks these things at AAPLinvestors.net, all 20 of Apple’s highest closing prices were registered in October or November. Seven of those closes were, at the time, all-time highs.

See his chart below the fold.

UPDATE: Apple was dragged down with the rest of the market and closed at 316.08, down $2.54 (0.80%) for the day — nearly $5 off its opening price.



Source: AAPLinvestors.net

[Follow Philip Elmer-DeWitt on Twitter @philiped]

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By Philip Elmer-DeWitt
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