“Forget the ‘fascination’ with buying the bottom in Apple stock, OptionMonster’s Pete Najarian said Friday,” Bruno J. Navarro reports for CNBC. “‘Everybody’s had this fascination that they want to buy the bottom in Apple,’ he said. ‘That’s not necessarily how you should be approaching this right now. ‘On CNBC’s ‘Fast Money,’ he said that there were other stocks with more potential.”
“While Najarian said that he expected Apple to post a positive quarterly earnings report next week, it was not enough to get him into the trade,” Navarro reports. “‘I think their earnings are going to be extremely strong, but then what?’ he said. ‘I think you’ve got to look a little further out and say, ‘This is going to be a second-half-of-the-year story for Apple.'”
Read more and watch the video in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]