The level is 507, the highest on Wall Street, so they have an idea the P / E of 44 is AAPL, GOOG 23, C-17
the stock is not going up because of fundamental valuations.
it is going up because MMs have decided to screvv the shorts big time with a temporary 2-3 day spike.
then once all shorts are screvved and forced to cover at the highs, the same MMs may screvv the longs until P/E drops from 507 to 57
yep especially when Icahn cash in his profits. he bought at $60 few weeks ago.