Yoon Kim

Google, Apple on 9-Day Winning Streaks

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.