Nice call was with ya, covered in am. With regard to aapl, I have stated repeatedly although in different genre. In that it is not just a play with it but an overall long term price raid. In arbitrage it is called a price raid and in steve jobs case a venture one. In this market's mo, though with what the banks HAVE to have to complete derivatives contracts it is especially so, and that term applies to what has happened to aapl to serve these contracts. A huge one was probably put into place to drive down the stock, take out the money from the holders and transfer it over to the others that actually pay for the calls on the ndx. This would also come into play when the funds were needed to buy back the index. Presto, there you have it, a consistently under performing most widely held stock and an overall market hitting new highs. The is how most people are getting screwed in owning stocks that are underperforming the indexes while the few leaders are not in their portfolios. If asked people are ALWAYS told that stock is not on our LIST and we won't buy it for you.