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November 30, 2012 at 09:26 AM EST
How to Play Apple as Earnings Approach
MINYANVILLE ORIGINAL We wanted to update readers on our long Apple (NASDAQ:AAPL) trade. For readers that have been following ChartLabPro.com's articles and bought Apple on November 19 based on our Approaching Oversold alert (see below) you should be up roughly 12.5%.  For those of you who have a shorter-duration time horizon we would look to take off exposure in this trade.  We are looking to lighten up on exposure as we approach earnings.  We are looking for a $610 level to exit this trade ultimately resulting in a 16% return.  This was nothing more than a reversion to the mean ...
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