AAPL – Apple Computer (Last:149.80)

AAPL partly recouped heavy overnight losses so effortlessly on Friday that one can barely discern a swoon on the daily chart. Every selloff for the last nearly 13 years has turned out to have been a buying opportunity, so why should this one be any different? Punk earnings, or even the lowering of expectations, haven’t had much impact on the stock, other than to shake out widows and pensioners. Look for AAPL to spend the early part of the week digesting Thursday’s uninspiring report before making a run for the all-time high at 157.26 recorded on September 7.