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"FORTUNE: Bullish Cross&amp;#8216; Andy Zaky, never shy about tooting his own horn, has asked me to remind readers that on Thursday, with Apple \n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tAAPL\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t trading just over $530, he announced that the share price was at or near a bottom and was about to bounce.\n&amp;#8220;Those who have been waiting for a correction in Apple to buy the stock,&amp;#8221; he wrote,&amp;#8221; now have that opportunity to do so.&amp;#8221;\nOn Monday, as predicted, the stock rose $30.90 to close at $561.28. It was the second largest dollar gain in Apple&amp;#8217;s history, according to AAPLInvestors.net.\n(In percentage terms that was nowhere near the record 33.22% gain the stock registered on Aug. 6, 1996, when it rose $6.56 to close at $26.31.\u00A0Those were the days.)\nIn a weekend update, Zaky wrote that the selling pressure that brought the stock down from its record intraday high of $644 on April 9 was unlikely to have dissipated completely.\n&amp;#8220;We will likely see a second and maybe even third leg down in this correction,&amp;#8221; he wrote. &amp;#8220;But between this first leg down and the next leg down, there will be a major rebound. A rebound that could take both Apple and the indices significantly higher.&amp;#8221;\nZaky was particularly pleased to see the stock perform as predicted Monday because his buy recommendation post had been rejected last week by the editors at\u00A0Seeking Alpha.\n&amp;#8220;The technical part of your reason for the buy rating seems to go counter to a bunch of very good momentum studies that have been done in recent years,&amp;#8221; they wrote. &amp;#8220;Please flesh it out further \u2013 the market clearly knows Apple\u2019s P/E and has decided to continue selling anyway.\u201D\n&amp;#8220;That,&amp;#8221; Zaky says, &amp;#8220;is why financial editors shouldn\u2019t try and edit for content.&amp;#8221;"^^<http://www.w3.org/2001/XMLSchema#string>
<http://fortune.com/2012/05/21/just-for-the-record-apple-bounced-on-monday/?section=money_technology>