Apple stock has surged to its absolute highest level closing level at $102.50. There are some who could see the stock going as high as $115.
The surge though is built on this pent-up demand for the iPhone 6. This has been described as a Tsunami building and soon to happen.
Investors should be cautious though in that there could be a possible pull back as many capitalize on their gains and the Tsunami blows over. Much of course depends on many other factors as people are forgetting Apple is not a one trick pony.
Apple’s PE earnings ratio is currently 18.