Long Apple at $134 after the nice pullback from the Year’s high at $145. I believe the Steve Jobs news is overdone, treatment or no treatment it is almost time for Steve Jobs to retire and so I still have plenty of confidence in Apple going forward especially with Tim Cook potentially taking over the realm. Steve Jobs will be coming back by the end of this month and there have been reports that Steve Jobs was seen at the Apple campus yesterday. I think there’s plenty of time for Steve Jobs to train his successor which I believe he is trying to do now.
Stop loss will be placed at $132 with a short term target price of $145.
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