Market is smiling at AAPL today. Three analyst upgrades coupled with credible iPad 3 announcement and it's popped about $19. Incredible. My portfolio runneth over.
I just don't get this at all. Why does a prediction of an iPad 3 make the stock price jump?
Everyone knows there will be an iPad 3. Who are these people who are sitting waiting to buy stock until these predictions are made?
I would sell some off and diversify. Price is going to tumble (not seriously, but still fall) when it comes out with 'just' a dual core A6 when analysts are hoping for a quad core. Even if it's sufficiently fast and powerful enough.
Still worth hanging on. There's no sign that it can't do anything but eventually go up.