Time to sell Apple shares?
Sam Adelton
Oct. 20, 2009

Apple shares are rising fast. It posted a 47% quarterly profit jump as consumers continued to snap up its iPhones and Macintosh computers. What does a contrarian think?

Apple sold 7.4 million iPhones in the quarter ended Sept. 26, up 7% from a year ago and 41% more than the previous quarter. That is all good news. Shares of apple are up more than 6% on the news.

But behind the bright light, are some genuine reason to be concerned. Apple shares are showing signs momentum divergence along with the entire tech sector.

Can iPhone revenue keep going at this pace. Any one with commonsense knows that it will slow down. The apps are still maturing. Apple faces a major trouble in the quarters ahead.

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