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Thursday, August 12, 2010

some trades... IBM, AAPL

IBM - If IBM is down tomorrow, I will add. If it goes to 125-126, I will add more.

(I added heavy after they reported, and have been slowly unloading as it approached 132. Still very much exposed, and now will begin to add.)

AAPL - I added today in the AM with the declining market. Its trailing PE is still in the 18s. Have people forgotten that they still will unveil the iPhone for Verizon? That is a growth driver. Regardless of VZ, anyone expecting the iPhone growth to mature anytime soon, just do a channel check. You still need to go on a wait list to get the thing! (Not gonna post a chart on AAPL, don't think its relevant right now, but the weekly is nice.

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