One high flying momentum stock can make your paper profit portfolio look good. If only I had learned that lesson when SUNW soared into PEG land of 3 and 4 and the naz P/E was 74. That was the dot.com bubble. I failed to take profits.
Owning Apple ($AAPL) can make your portfolio look brilliant all the way to the next paradigm shift. For sure, it’s bigger than any of the evil oil companies and no one is hating on AAPL yet. Kind of like when MSFT could do no wrong back in those dot.com days.
I’m a geek technical fan boy, just like I was when SUNW ruled the pundit space. I loved their technology at the right time, price wise and I invested near the bottom.
Is the $AAPL p/e too high? No. Is the ‘growth’ part of peg mis-calulated? Don’t know. Knowing when to sell a momentum stock at the top is mystical knowledge. They don’t teach that at the buy and hold 401K employee seminars.
