There's something to be said about buying winners. Winners continue to win, and in the case of stocks, they keep making new highs. I know that AAPL is a favorite holding of Howard and his hedge fund's strategy of finding and investing select stocks making new
52 week all time highs is a smart. The trick is to buy the right company making a the high.
It's safe to say that Apple is the right company, its emerged as an innovative powerhouse once again. Steve Jobs and company sure have been busy, first the iPod (and iTunes), a new generation of desktop computers running on Intel chips, and now the iPhone (out soon). People are loving it and buying like crazy.
APPL made another 52 week high yesterday.
Good company + Good Products + Strong trends = Strong Price Appreciation.