is AAPL $1000 per share for Real?

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With aaple hovering at an all time high many people are wondering: "is this for real?".  Shaking off the loss of a founder and rampaging forward like a viagra fueled bull in a cow field, Apple Inc has become one of the brightest stars on the Nasdaq.

With resistance at the 600-610 level, aapl is consolodating for another breakout for the first time since it broke $550.  There was a very brief single day correction on March 15th when aaple opened at 599.61 and closed below $11 below the previous days close, but that hardly counts as a solid correction. 

I'd be looking long at a close above 610 or a pull back to 550 as the bears are on the run here and will have to break though strong support at 550 with all the buyers who missed out on the first break, assuming of course they can keep this thing from its next breakout run through 610 and on to 700.

 

 

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