Buy: Apple (AAPL 91.38) New product release spikes price higher

Rational: Apple (AAPL) new product developments sent the stock to new highs as new releases were displayed by the Honorable Steve Jobs. After sinking for days on option backdating news, AAPL stock prevailed today.

Strategy: If you missed the move, rest assured we could see a pause here in momentum. Two ways to play it. 1) Wait for the fundamental hype to cool off and make measured buys (limit orders) on pullbacks or 2) Place buy stops above today's high (92.75). However, probability suggests we make one more push higher tomorrow morning to test the previous daily high of $93.16 before range bound action occurs.

Target: $109
Stop: $85 (previous base area)