Apple (AAPL) continues its flirtation with the $600 level this morning on more bullish news in the form of a dividend announcement and stock buyback program. Add to that the robust iPad sales & strong technical action and you have the recipe for a surge above the $600 level. With a test and fail at that level last Thursday and again this morning, it appears the stock may just need to rest for awhile before … Read the rest
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Advanced Battery (ABAT) Providing Apple (AAPL) Tablet PC Battery?
Rumors continue to swirl around Advanced Battery (ABAT) providing the battery for the Apple (AAPL) tablet PC. The stock was up about 10% yesterday and is ramping up another 10% this morning in premarket trading. Briefing.com first reported the rumor yesterday around 11AM EST and the stock begin to move up with big volume, closing the day near the highs with record volume. It’s adding to the gains following a breakout from a cup with … Read the rest