Out Fox The $treet

Hudson Squares Boosting of it's Apple (AAPL) price target to $500 this morning is all the rage. Clearly nobody was paying attention during the financial crisis when we reported back in 2009 a Minyanville.com article that predicted AAPL would hit $1,000 [ Apple to $1,000? ]. High price targets were ignored back then but now they are all the rage. AAPL clearly remains cheap and getting to $500 doesn't seem beyond the realm of possibility especially in a strong market. As Barron's points out, at $500 AAPL becomes a $450B company. It will be difficult to grow from there, but history has shown that you should stay with companies until the momentum runs out not when they hit magical market caps. Like Microsoft (MSFT) in 2000. When the music stopped back then, it was time to abandon Mr. Softee. It's almost impossible to turn momentum once it stops mainly because the markets they dominate hit saturation points. Then once growth slows, multiples compress. Oddly though, AAPL h...

Kevin Landis is one of the well known Portfolio Managers still around from the dot com error. He was well respected in the investment world up until the crash. His funds also highlight the issues with being a sector driven PM. Nice when your sector is soaring but horrible when the boom turns too bust. Barons did a nice write up on him and his funds. Lately Landis has put up some impressive results and based on history it's worth reviewing his picks. He is well known for investing in leading edge technologies. Unfortunately if you aren't careful such investments can quickly turn into bleeding edge. Those investment tend to bleed you dry before paying out.The combination of the valuations in some tech stocks and the fact that he is starting to get press makes me wonder about a topping action in tech. Unlikely yet, but worth watching. Landis has easily outperformed the sector and SP500 over the last 1, 3, and 5 years, but once you go back 10 years his record runs into the 200...