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Apple is down due to Big Cap Tech bearishness, following GOOG, EBAY, MSFT news. But, just look at the lines for those waiting to buy the 3G iPhone??? Stephen Jobs is a marketing genius, Apple is as much a tech stock as a consumer stock. If we're in a "recession"....why are hord of consumers lining up to pay $199 & more for a phone???
In addtion, Intel said that lap top chips are up and above desk top....hello??? iMacs.
Apple is a bargain here and has held up well, they will blow away earnings estimates on Monday when the report and you'll be sorry if you didn't get in here!
Be a contrarian....and PROFIT!
The January $220 call Leaps APVAY look attractive at $5.00.
Why?
If you had to buy Apple on margin it would cost about $8 per share over 6 months, Granted the $220 is out of the money...but I see it as doable in the next few months and the call could easily hit $10...a double!
bottom line BUY!
Not having a crystal ball, we'll just have to wait and see.