Carl Ican's announcement today may have been the reason Apple was up almost 5% today, but it wasn't the only reason. Apple has been undergoing accumulation for months as it built a base similar to 2008-09. Today was merely the breakout. If its chart follows a similar path set in 2009, Apple could pass $1000 quite easily. With a P/E < 10, it is one of the most undervalued technology companies in the NASDAQ 100.
