I drew in these regression trends a little different from normal as I wanted to show how AAPL was showing some strength by connecting the highest high down to another swing high prior to the lowest low.
I do like how AAPL handled today's scolding by the press about how they handle legal tax reduction strategies. Perhaps the US Government will start to make our tax laws similar to those of our competitors. Most likely we will have to wait until the next Republican President who understands that we need to stimulate investment, not just "spending".
Here's to getting a slice of the AAPL on the cheap. A nice return from here into year-end looks likely. I would also think that pre-selling AAPL at 500 in December or January by way of selling call options to take in 16+/share in premiums is a logical play. That's another nearly 4% yield on AAPL , but only for patient, long term investors.
Tim 2:20PM EST Tuesday, May 21, 2013