It's time to "back up the truck" on Apple (AAPL -1.7%), says Oracle Investment's Laurence...

|About: Apple Inc. (AAPL)|By:, SA News Editor

It's time to "back up the truck" on Apple (AAPL -1.7%), says Oracle Investment's Laurence Balter, who's reiterating a Strong Buy and $670 PT. Balter notes Apple money flows are down $1.56B over the last 30 days, something he considers a sign of retail capitulation, and believes block trade activity indicates heavy institutional buying. He ignited a firestorm in August by downgrading Apple to Hold (shares then traded at $659), but has made multiple upgrades since. (iPhone estimate cuts)