On a day when the NASDAQ fell 5.2%, it's heaviest weighting, Apple (AAPL), fell only 3.7%, finding support at it's 50DMA (50 Day Moving Average). With the iPhone's launch on the world's largest cellphone carrier China Mobile all but imminent (China Mobile Confirms iPhone Rumors), and a new iPhone launching stateside in late Sept., it's hard not to just pull the trigger right here. I'm not buying just yet, but Apple is at the top of the shopping list when we get the "all-clear" signal.
This is not a recommendation to buy or sell any securities. DAK was long AAPL at the time of publication but positions can change at any time.
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