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The Chartman

Even at Fresh Highs, Apple is Still a Good Buy

Like a moth to flame, not a week goes by that we can’t avoid being drawn to Apple (AAPL).  Of course, I remember times like this in the past, where an “it” stock captured 99% of the public’s attention. Not many years ago it was Dell (DELL) and yet today they’re about as relevant as a dinosaur.  

In any event, the real question is whether to own the stock. Or keep owning it, since many of you already have it.

And, as much as I’d like to tilt against the wind, everything still looks bullish and yes, the stock should tack on higher highs.

On the flip side is the sad state of Research in Motion (RIMM).  Hey, it used to be an “it” stock also, but those days are long gone.

Finally, Bank of America (BAC) was in the news again, this time laying off a bunch of folks. So, it’s getting leaner, but is this boosting the stock’s future?

Maybe, and I’d look to buy if it breaks above resistance.

That’s all for this week. Back next with other stocks besides Apple!

Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."