Apple (AAPL) Rebound

Sometimes its pays to fade the news. Find out why APPLE offered a low risk entry point on the opening on Tuesday, July 22nd.

This from Associated Press

Apple 3Q profit jumps 31 percent but stock drops

Macintosh and iPod sales helped boost Apple Inc.'s fiscal third-quarter earnings 31 percent, beating Wall Street's expectations Monday, but investors pummeled the stock after Apple issued soft guidance for the current quarter. Steve Jobs, Apple's chief executive, did not join the conference call with investors. Earlier in the day, the New York Post cited unnamed financial sources expressing ongoing concerns about Jobs' health. Jobs has survived pancreatic cancer.

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