Apple bulls, Apple bears

This guy says Apple's stock is overdue for a pullback. He bases this on ... uhh ... nothing. Nothing more than the fact that Steve Jobs has no true successor, nobody who will ever fill his unique role. True enough, but that isn't really reason enough to assume a drastic pullback for the stock, which in reality is trading at a reasonable multiple to current earnings and future earnings. My gosh, Apple just sold its 2 millionth freaking iPad last week. Two mil in two months.

It's not Apple's fault they are so damned good. So I don't understand the hate. Maybe some people just can't stop themselves. They need to be contrarian just because. Fine.

I haven't owned AAPL in at least a couple of weeks. I had chances to re-enter in the 230s, the 240s and 250s, but instead of buying when the market is filled with fear, I waited until I started to "feel" more comfortable. Now AAPL is trading above 260 and I may have missed the ride ... or I'm wise to have nothing but dry powder and the patience to get back if and when we get a double dip in the economy.

The big WWDC is a week away, and its almost a foregone conclusion that Apple will unveil the iPhone 4G then. But earlier today, Steve Jobs turned up at All Things Digital (D8). The live bloggers scribed his every word.