Apple still sweet

Yesterday, I tagged AAPL, one of my favorite stocks, as a 'strong buy.' For whatever reasons, the market had lagged in AAPL, up a mere 9% off its recent low of 111. Meanwhile, tigers like RIMM and CROX were skyrocketing up over their moving averages.

The market finally came back to Apple today. The stock went from an early low of 121 and closed at 127.57. The stock is still in a healthy position, now trading at its 13- and 50-day moving averages. One of Apple's most fervent bulls, Georges Yared, offered his perspective on the stock over the weekend.

Yared: Apple (AAPL): The psychology of trading the stock

The psychology Yared refers to has everything to do with the way fund managers handle losses and profits. AAPL the stock was the big boys' punching bag, used and abused while retail longs wondered what the hell was going on. Smart longs didn't give the roller-coaster ride a second thought. Traders and investors took advantage of the big-time dip to 111. Now the big boys are parading back in, just my guess.

No complaining here. But Yared is right. The street does what it wants when it wants. And Apple is still a great company, mortgage massacre be damned.