Picking an Apple Trade

Apple (AAPL) goes from loved to hated quicker than just about any stock in the market. The stock looked poised to push for $600 on a close over $575, but never got that close. In fact, it never got a close above $570. The stock has had many closes in the $560s along with a test of $575 (on an intraday basis on Dec. 5). Since then, it has been churning and grinding lower.

Jabil Circuit's (JBL) report last night is weighing here on Apple today and pushing the shares down more than 2%. Granted, Jabil's guidance was downright awful, I'm not sure it is worth the 2-plus% we are seeing this morning. Doug Kass made some very good points on this earlier this morning....235 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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