iPad Mini Puts Apple in Sweet Spot: Pros

Apple has again sent the blogosphere into a tailspin, after reports suggested a new mini iPad could launch by the end of summer.

The latest chatter was triggered by Topeka analyst Brian White who is convinced a September launch is in the cards after a recent trip to Taiwan.

“The launch could be setting up Apple for a new high,” says trader Guy Adami.

Adami, Najarian and the other Fast pros think the new gadget could put Apple in the sweet spot if it launches, as expected, at a lower price point than the current iPad.

“This mini is an interesting product,” muses Pete Najarian. “I can see it really being popular with students. It's light and easy to carry. And parents will really like the pricing,” he says. “It says to me that Apple is continuing to innovate.”

Trader Stephen Weiss agrees. “It’s worth holding Apple as a core position,” he says.

And despite the market uncertainty, all three traders think at current levels it’s ok to pull the trigger. “I think the stock is poised to go higher,” says Adami. “This sell-off is an opportunity.”

“I love the way Apple trades,” adds Pete Najarian. “It gets down around $555 and bounces. You've got to love that."

And if you need to conserve capital, Najarian suggests playing the thesis with with options and buying upside calls.


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* You can find our Apple conversation about 3 minutes into the video above.

Posted by CNBC's Lee Brodie

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Trader disclosure: On June 5, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long WFC CALLS; Pete Najarian is long MS CALLS; Pete Najarian is long INTC; Pete Najarian is long JOYG CALLS; Pete Najarian is long SBUX; Pete Najarian is long COP; Pete Najarian is long PEP; Pete Najarian is long FB; Stephen Weiss is long AIG; Stephen Weiss is long QCOM; Stephen Weiss is long AMTG; Stephen Weiss is long VZ; Stephen Weiss is long T; Stephen Weiss is short MT; Stephen Weiss is short JCP; 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; Steve Cortes is long QQQ; Steve Cortes is long SVU; Steve Cortes is long SBUX; Steve Cortes is long EURO/BRITISH POUND CROSS

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Mike Murphy is long LEN

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