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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (144043)	10/31/2012 9:57:35 AM
From: Trader J	Respond to of 213172

That was quick ... bounced out of them for a quick 6% or so. I want back in but I didn't expect it to pop like that ahead of the 10:00 hour. Maybe I can catch a dip back to $590

To: Trader J who wrote (144043)	10/31/2012 10:05:27 AM
From: Keith Feral	2 Recommendations Read Replies (2) \| Respond to of 213172

I'm in no particular rush to get back into Apple at these levels. However, the yield on Apple is higher than the 10 year Treasury for the first time since the summer around 1.8% vs 1.74% for the 10 year yield. Ideally, I'd like to be buying Apple with at least a 2% yield, but yield that wouldn't develop until the stock gets back to $525. I still think it's too early to be bullish on Apple for another couple weeks once holiday buying starts to develop. Looks to me like Apple is going to take out the 200 dma and take a steeper dive from here.