I'm more of an investor than a trader. However, Apple is coming out with some products in June (supposedly) which makes this a perfect opportunity for a hedge-trade. Back about 5 months ago, Palm announced they were developing the Pre and the stock shot-up through the roof. I believe that Apple could have the same interest after their product announcements, especially up towards their announcements. I would not recommend building a very large position in Apple, something in the realm of 10-15% of your portfolio should be fine. Nor would I recommend holding Apple for months on end. I put a price target of $155 in a month for this baby, simply treating this stock as a "glorified" CD.
$133.42 (05/28/09)
