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Apple stock reaches all-time high

By NewsJunkie     Nov 21, 2006 in Business
Shares of AAPL hit a high of $87.95 before falling back slightly in the afternoon.
Apple is doubtless a great company with innovative products. Apple stock, however, seems highly speculative. Shares of AAPL often soar near the holiday shopping season and before MacWorld Expo when announcements of new products are highly anticipated.
Of course, Apple does sell millions of iPods every quarter and continue to hold on to a big chunk of the portable music player market. Its notebooks are selling well, too. Is it a good investment to buy its shares? Ask your financial advisor. :-)
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