Preparing to Bite Into Apple

We are certainly beasts who crave a story to latch on to and mock or overdramatize. Everyone's focus yesterday was on the halt in the Nasdaq. But I didn't hear one mention of it last night from my friends who are not traders. I know several traders who were expecting craziness when trading reopened but nada. It was a real yawner, the same as just about every other high drama story of the last several years.

Few stocks have been higher on the drama scale than Apple (AAPL). There are definitely a few on par with it, but not many. I happen to like the charts right now and not because Carl Icahn likes it -- although a "Carl Icahn put" doesn't hurt. In fact, between that and the chart, I think it does create somewhat of a temporary bottom. This scenario makes for an attractive opportunity in put spreads or put combinations....521 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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