[quote=moneymaker]I do think interest rates could rise in the near term. However my play today was swapping HPQ for some AAPL, anybody think that was good/bad call?[/quote]
Tough to say. There’s nothing technical about AAPL that suggests a bottom here but you never know. AAPL was an over owned growth momentum stock. It will probably overshoot to the downside even though it looks undervalued. Look at long term charts of some other high flyers like MSFT, CSCO or KO. They went parabolic and when the parabolic run ended they got chopped in half and performed terribly. That’s probably where AAPL is right now, it’s run is likely done although it will take awhile until we believe it.
The 30 year is @ 3.20 now I think it will be @ 3.75 by years end. AAPL is paying 2.50% @ today price, not as high as I think it should be but then they don’t really need anybody’s cash now do they. I’m hoping it will pop a little when they announce the iPhone 5s in a few weeks.
