Is Apple’s Rotten Run Over?

Tuesday, 5 Feb 2013 | 5:29 PM ET
Is Apple's Rotten Run Over?
Here's how to look at Apple stock, according to "Fast Money" pros Guy Adami and Tim Seymour.

Apple stock gained on Tuesday, but does that mean it's time to get back into the trade?

StockMonster's Guy Adami didn't think so. "Maybe above $485," he said, adding that the stock was "still in no-man's land."

Apple closed at $457.84 per share, up 3.5 percent.

On "Fast Money," Adami reiterated his preference for another tech play.

"I've said all along Qualcomm was a better play," he said.

EmergingMoney.com's Tim Seymour saw shares of Apple in a positive light.

(Read More: Apple 'Worth a Lot More': Damodaran)

"I would rather be long Apple against the S&P here," he said.

Seymour also liked Apple over one of its leading competitors in the smartphone space.

"I'd also rather be long against Samsung, which I think is a better company, because on a risk-reward basis, again, look at where the S&P is, look at where Apple is on a valuation basis," he said. "This is, to me, totally a reversion-to-the-mean trade, and this is nothing more than a nine-month look."

"If Apple is not working, Samsung is not going to work either, and I would also look at that side of the trade," he added.

Trader disclosure: On Feb. 5, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long F; Tim Seymour is long GM; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Dan Nathan is long FB MARCH 34 CALLS; Dan Nathan is long SPY FEB 149 PUTS; Dan Nathan is long SDS.

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