Apple (AAPL) volatility low into 3G iPhone launch, Goldman Adds to Conviction Buy List
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Apple (Nasdaq: AAPL) : AAPL is recently up $3.65 to $180.70 in pre-open trading. Goldman Sachs say's "we are adding AAPL to the Americas Conviction Buy list to capture the catalyst around the 3G iPhone launch next month." AAPL June option implied volatility of 43 is below its 6-month average of 46 according to Track Data, suggesting decreasing price movement. Paul Foster
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