As soon as Apple gets over $400 again, I think we will easily test the 408 level, and probably test the 412 level. Personally in this time frame I think we will also test 415 as well as we approach earnings. Now in time to put that play on I think...not the week before earnings. Especially if you are purchasing any calls like I have. I think though that one of the important things here is to keep greed in check, and take some profits in the period leading up to earnings....the company is going to get some critical looks this time around.
Oh...and so the thought is that by this quarter, $120/share of the stock price is in the company's cash alone. There will also of course be chatter and talk about a special dividend.