Google, Apple on 9-Day Winning Streaks

Google (GOOG) and Apple (AAPL) were up once again today and have now been up for nine consecutive trading days! Apple has only had six prior nine-day winning streaks in its history, while Google has now had three since it IPOd in 2004. So how have these stocks done on day ten following prior nine-day winning streaks? Apple has gone up on day 10 four out of six times for an average one-day change of 1.21%. Google was up on day ten once and down once for an average gain of 0.49%.

Comments

[herbert hoover:]

I know. I sold off my AAPL shares today at 3:50. No sense risking 20% returns in one two week period. 123.30 to 144.60 in 10 days

Jun 05 08:27 PM

[Yoon Kim:]

I believe rise in AAPL in recent weeks have been driven by the following:
1) Rise of general market including QQQQ which is up ~10%
2) Media hype/ PR pumping prior to annual Apple party WWDC on day 10, 6/8/2009
3) Expectation of Steve Jobs returning in June/July

Investor excitement sure beats fundamentals these days, but we could very well have a "sell on the news" day early next week.

Jun 05 08:59 PM

[Crude Oil T...:]

The Nasdaq is sharing "leader" roles with the transports [DJT] and it appears the commercials aren't taking this lightly.

Check out this great video from Adam Hewison "What Now For Apple" > tinyurl.com/pgm8ne


stock-market-club.blog...

Jun 06 12:05 PM

[BerkeleyBob:]

Nothing wrong with taking profits on a sudden spike, but I am letting my gains ride...

Jun 06 04:44 PM

[hook:]

sell the news seems to cute IMO. I think any selloff is a gift to rebuy or buy more depending on your position and risk preferences. shares don't rise 20 percent on anticipated news. this is a real move based on fundamentals

Jun 06 08:39 PM