If you think Apple announcing that the batteries would last longer is the reason Apple's stock closed at over $125/share you must be smoking the last of the crack. Professional mutual fund managers largely drive the price of stock. These people are paid to analyze a company down to the quality of the toilet paper in the handicapped stalls. Their decisions are made on numerous technical and non-technical factors.
Non-technical reasons that Apple may be trading at a gawdawful high price:
- The landscaping at 1 Infinite Loop is really nice.
- Glass. Not plastic.
- A lot of fund managers have iPods.
- A lot of fund managers want iPhones.
- Apple's stock needed to go up a few bucks so that when the selling frenzy comes, nobody loses too much money.
- Fund manager at The Corner Bistro with a mouthful of french fries, shouting into his Blackberry: "What do you mean you're not buying Apple? Everybody is buying frigging Apple."
- Fund manager to fund-family manager: "Okay! I'll buy some more fucking Apple. Get off my ass!"
- Fund managers are lemmings.
- The Advance/Decline Line
- Linear Regression
- Showalter Stability Index
- The Aroon Oscillator
- Cant Strips
- The TD Moving Average
- The Heisenberg Uncertainty Principle
- Five Sigma
- Synoptic Scale
- Total Mixed Ration
- Quasi-Stationary Front
- Poincaré and Kelvin waves
- The melting point of Gadolinium
Okay. Who hid the Rolaids®?