Apple at $135: Low Hanging Fruit

From Seeking Alpha
Apple Inc. has enjoyed being a cornerstone of the bull market of recent history. Between July 2006 and the end of 2007, AAPL shares experienced dramatic and impressive price appreciation from about $50 to nearly $200. However, as is true of the market in general, 2008 has not been kind to Apple. At present, Apple is trading just above $130, an almost 35% drop in just over 3 weeks. This selloff has brought Apple shares back into an attractive enough level that it is now on Ockham’s buy list.

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