CRInvestor

AAPL - dead-cat-bounce into resistance

NASDAQ:AAPL   Apple
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Apple is still a market darling and many are perma-bulls - I however am not one of them. Once we reach the OTE short zone $580 to $620, I for one shall be watching for a trade-able top to come in. Momentum is current very divergent and I am afraid the public is being sucked into another trap. Consider too the simple fact that AAPL is currently trading at more than 3.5 times book value, this is not a cheap stock. Buyer beware!!!!

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