Saturday, November 17, 2012

AAPL: Did Apple Bottom Friday?

Did Apple Bottom Friday?
by Bret Jensen

"It's the man who waits for his ship to come in who's always missing the boat." - Anonymous
Readers of my columns know I have not been positive on Apple's (AAPL) short term prospects recently even as I hold a longer term position on the stock in the form of a long term bull put spread. The sentiment has been lousy on this equity for the last two months as the stock has dropped some 35%. However, I think the stock hit an inflection point on Friday and if we did not put in a bottom we are within shouting distance of doing so. read more »

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