Finally Getting Away From Apple
Curiously enough, the question of the day in my inbox was not about Apple (AAPL). Rather, it seemed that folks finally woke up to the energy sector that I have been harping about for a few weeks now. You've heard of the Oil for Food Program? Well Monday was Oils for Apple.
I grant you, the selling in Apple could have been some end-of-the-month positioning, but I noted last week that Apple was at $600 a few weeks before earnings and was still $600 after earnings -- that is, the stock is essentially trading where it was six weeks ago. So, once again, I would reiterate that there are plenty of other stocks in this market. Apple has a habit of trading in a sideways range for months on end. Just look at last year: five months in a 75-point point range. Considering the stock is trading 200 higher now, the range will probably be greater....302 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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