This market is going into week 5 of a correction. Apple is going to be caught up in it just like most stocks will. Mr. Market is giving you a chance to book a profit. Time to be cautious and not a hero, IMHO.

AAPL has been a steady earner for monthly option trades.  Average time in each trade is about 18 days.  Next possible trade will be 31 days out from Nov 20 or Oct 20 - the day after earnings.  It doesn't matter if it heads higher or lower or sideways - this vehicle is tradeable every month.

AAPL been strong--I have price target 330/370--profit v. risk considering, I am almost ready to book profit.  Market is strong, and I am seeing too many other targets aside from AAPL, IMHO, ;0)

The best way to deal with AAPL is to buy on a pull back ..  have been averaging on each higher pull back since 2003 starting at 7 and change...   Comments this week from Mark Mulholland at CNBC:

AAPL:

Exceptional Co with great Bus. leader Steve Jobs - left AAPL, did great job with PIXAR, came back & did even better job with AAPL

Risk IS DEPENDS ON STEVE JOBS CONTINUE LIVING LONG & PRODUCTIVE LIFE but Steve is more impressive than Michael Jordon who did not make it in Baseball.

Apple 14.5 times next year's earnings of $18 if you take the cash on balance sheet out ($42/ share) (300-42=258/18=14.33)

(1)   AAPL   -- very high hopes about it doing well for quite a while.

APPL is a clear winner with a strong out look... Yeah, I know that is stating the obvious!

Great trading stock, bull put spread has worked well for me as well as a call going into earnings... sold the day of earning to take advantage of upswing in volitility.

Most likely will pull back at some point... but the over all trend will be up for a long time to come.

An interesting website is: http://www.treffis.com which has a limited number of companies that it has analyzed.  The thing they do that IBD doesn't do, is it analyzes companies by how much each part of the company contributes to the value.  According to their figures, the iPhone accounts for half the evaluation. and the iPad for only 7% and that the value of the stock is significantly "below" what it should be.

My feeling is that the iPad has been very explosive product whose contribution to the evaluation hasn't fully kicked in, plus the iPhone (when/if) getting onto Verizon will also provide another kick up.  

The N part of CAN SLIM represents New Products, and what Apple has done with the iPhone and iPad, is to have made a major transformation of  the company.  I think if investors solely focus on the (deservedly) high stock price without understanding it's due to the big positive changes that have come to Apple, they will be unnecessarily be intimidated by that price.  

Competitors are still trying to catch up to the iPhone and iPad.  Until that happens, AAPL will probably have a fairly good run for a while.

AAPL 500 or more. Wade Cook Stock Market Miracle.Or old Edwards and MaGEE; the length of the consolidation matched straight up at the pivot breakout of the consolidatioln. Eyeballing it is about 250 on top of about 250.

William O'Neil, thank you for your recomendations without recommending by comparing the action in the old Xerox to AAPL at the Manhattan Beach Meet Up of May.. And, yes being more fundamental than wookie technical stuff I'm on board with Clem analysis of the "N" factor.

Hi jrltrendr...can you talk a little about that Manhattan beach meetup and the comparison of Aapl with the old Xerox..??  Thanks!