The Apple victory dance
From Investor Village‘s AAPL Sanity board:
I don’t know about the rest of you, everyone has their own stories, but I personally feel 100% vindicated today for all the hundreds of posts I’ve made on Seeking Alpha and everywhere else, fighting the good fight on behalf of Apple and the truth. I don’t care if someone is bearish on AAPL, but there have been so many lies told, so many spurious headlines, so much unethical behavior on the parts of competitors, the media (both professional and amateur), the analysts (both professional and amateur) and the bloggers and message board trolls. I hereby declare victory against all of them. I was right. Apple came all the way back. All. The. Frickin. Way.” — relayer75
Tuesday was not only the day Apple set a new closing high. It was also the 10th anniversary of Google’s (GOOG) initial public offering.
According to the Wall Street Journal‘s Steven Russolillo, $10,000 invested in Apple 10 years ago would be worth $456,347.03 today. For comparison’s purposes only, see the attached chart. (Click here for full size.)