'Longer Term, Everyone Thinks Apple Is Going Higher'

| About: Apple Inc. (AAPL)

"Longer term, everyone thinks Apple is going higher...Apple is a long-term buy...I don't think anyone is going to argue that."

On yesterday's Fast Money show on CNBC, Steve Grasso made the above comments. If only investing was that easy. When we start hearing things like this, it's probably time to lighten up on the position. If investors begin to think a stock can't go down, it's usually about to start going down. From it's low in January, Apple (NASDAQ:AAPL) has doubled from $78 to $156. The comments come 8 minutes and 40 seconds into the video below: