AAPL is once again touching ATHs and as of writing is trading with a PE just shy of 29.
It's hard to see AAPL moving much higher from here given the valuation and it's also hard to see the market moving much higher without AAPL.
In March AAPL staged a similar recovery almost making new highs before selling off and making new lows.
AAPL is a great company and while I feel it deserves a slight premium to the market I'm struggling to remain bullish given the current valuation. I'm also concerned that AAPL nearing ATHs could once again be signalling peak market bullishness.
I sold half my position on Friday and I'm curious to hear what others are thinking about this stock and the recent bullishness we've seen in the tech stocks generally.
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