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(AAPL) As American As Apple Pie

I can't say that I am surprised by Apple's breakout above $280 (see my previous posts).  It had to happen at some point just to keep up with the analysts ramping up their target prices.  As far as I am concerned Apple is still the most undervalued Technology stock when comparing its EPS growth rate and P/E ratio.  Here is the irony...the analysts are the only ones who seem to understand the value of this stock; the market doesn't understand (yet)...which is why it is still cheap. 

Disclosure: Long AAPL