Apple Right Back Where It Was Before Product Event

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

Apple Inc,

shares are trading higher by $2,12 at $112,27 in Thursday's session. One day removed from its recent event the issue is right back where it ended Tuesday's at the $112, However, not without some significant gyrations, After reaching its second highest level since the Flash Crash off Wednesday's open ($114.02), the issue drifted lower for the remainder of the session, settling just off the low for the day ($109.77), at $110.15. Off today's open, Apple found support just ahead of Tuesday's low, only reaching $109,90 before rallying all the to $112.71. Since reaching that level it has fallen back $112 level as the Street continues to debate the future direction of the issue.