Beware Apple's iPhone Froth

From Forbes

Some investors are no doubt looking at the recent pullback in the equity markets as an opportunity to bargain hunt. Given the 10% drop since mid-January, shares of Apple may look particularly attractive, especially with the highly anticipated launch of the iPhone expected in June.

The product has already received its share of accolades. Indeed, the technological innovations it seems to offer in terms of design and functionality have many betting it will become the next big moneymaker for Apple.

Yet buying the stock now solely on the faith of this new product could come back to haunt your portfolio later in the year.

(Shawn's Comment: Interesting comments from Forbes. Read the article - do you think Apple may be overreaching itself with the iPhone #'s?)

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