Apple stock remains attractive, even as it soared past the $500-per-share mark Wednesday, Kevin Landis of First Hand Technology Funds said.
"It's great for the tape, and if you're a short-term trader this gives you a good chance to take profits, but I think that's a temptation to be resisted because this is a great company with a lot of growth ahead of it," he said.
"We're not in any rush to take profits here."
On CNBC's "Fast Money," Landis said that Apple stock was still reasonably priced.
"It's funny," he added. "There are some great growth stories out there, like LinkedIn or Netflix or Salesforce, that are horrendously expensive. And then there are other companies out there that are great bargains that just aren't growing.
"For me, as a tech investor, I like to pay a reasonable price for something that's growing. There aren't too many companies that fit that narrow definition. Apple's one of them," Landis said. "I'd rather hold my nose and pay up for growth than buy something that's just been, I guess, becalmed or has plateaued and really isn't going anywhere."