Well, in the short run perhapes. Apple has earnings early next week and many eyes will be on it. First off, this is a great company and that is most likely an understatement. Secondly, I am still of the belief this stock will easily trade much higher by years end. I think that if earnings are a blow out, the stock could trade up on the news where its high then would see selling pressure come in. In addition, the VIX on AAPL is appearing as if this would be a good place to fade if there is one last jump. Now, i never trade what I don't know, I react to market moves. In this such case, waiting for earnings to be released and monitoring the markets reaction will give a better clue where it will go next.
Q1 FY12 Earnings Release Apple plans to conduct a conference call to discuss financial results of its first fiscal quarter on Tuesday, January, 2012 at 2:00 p.m. PT. Listen to the Audio Webcast
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