There have been plenty of warnings about Apple's stock lately. Anything that continues to rise in this manner, so say the pundits, has to come crashing back down to earth. This is true of most stocks and there are plenty of charts we could use as examples; nevertheless, those who are issuing a "sell" on AAPL are only playing the odds here. That sounds simple enough, but one has to wonder if those saying AAPL has run its course are backing their convictions by shorting the stock.
There was a "log scale" chart presented by someone the other day, which I have re-created below. The rationale was that AAPL was going to hit the trend line and must surely stop going higher once it was hit.
Time will tell.
I've never been a fan of log scale charts. While those who use them claim otherwise, I have found they distort charts and often lead to incorrect decisions.
The one thing "distorting" the charts right now is Apple, itself. Trying to get a handle on the Q's has become very difficult ... there is a monster residing within.
