an tSionna {03.19.12}

Apple Computer {AAPL} announced today that it would begin to pay a $2.65 a quarter dividend and buyback 10 billion dollars worth of its stock.  At closing prices on Friday, the dividend carries about a 1.8% yield.  One of the best indirect ways for investors to own AAPL is to own the Nasdaq 100 composite ETF {QQQ} as AAPL makes up around 20% of that index.  Above is my review of the QQQ over the past two years.  Notice the similarity between the moves in 2010-2011 and the current advance. 

*Long AAPL in certain client accounts.  Long QQQ in client accounts.