Apple 2.0

Covering the business that Steve Jobs built

Apple poised to pop on Monday

June 21, 2010: 7:22 AM ET

The stock was up more than 1.8% in pre-market trading

If you were thinking of selling Apple (AAPL) short, this might not be a good week to do it, what with analysts raising their share price targets and a big product launch set for Thursday.

After hitting $275 in intraday trading Friday and closing at $274.07 -- its second record high in as many days -- the stock was on the rise again in pre-market trading Monday.

Apple opened on the Frankfurt exchange at $279.76, up 1.81%. It hit a intraday high of 279.01 in New York before skidding south. It closed Monday at $270.17, down 1.5% for the day.

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[Follow Philip Elmer-DeWitt on Twitter @philiped]

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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