Apple Poised For A Strong December
by Bret Jensen
"Uncertainty is caused by a lack of knowledge. Hesitation is the product of fear." - Anonymous
Judging from the market sell-off and increased volatility over the last few days, the politicians must be back in town. Oh well, it was nice while they were away for the Thanksgiving break and not on TV in campaign mode instead of meeting to resolve the "fiscal cliff". Looking for silver linings, Apple (AAPL) sure has had a nice run since its predicted bottom on November 16%. The stock has gone from $506 intra-day on the 16th to over $590 before its recent pullback to around $575 in this latest market downdraft and we should expect volatile trading sessions until the politicians decide to behave like adults and reach a deal. For those that did not pull the trigger or add to their position when Apple approached $500, this could be another nice entry point. read more »
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