Now that we’ve all forgotten the name of that former derivatives trader from Goldman who enjoyed his 15 minutes of “de-fame”, we can now all re-focus on the brand that’s causing people to line up once again for their latest product offering: Apple Inc.

According to ETF Research Center, 91 ETFs have AAPL in their baskets. The heavy-weighters with more than 10% of assets holding this “iMonster” include IYW (19%), FTQ (17.7%), XLK (17%), QQQ (17%), VGT (16.5%), IXN (15%), JKE (14.8%), ROI (11.5%), ONEQ (10.9%) and IGM (10.2%).

If you don’t own Apple shares, you know someone who does, and if you or someone in your household doesn’t own an Apple device, you might be living in China, where a mere 40 million iPads were sold in 2011, which represented a sliver (11%) of the 350 million PCs, desktops and laptops sold there last year.

Because a household member owns both AAPL stock (purchased at $380 only 4 months ago) and several Apple devices–this blogger doesn’t want to be biased insofar as any buy/sell recommendations (but, if you’re a holder, I’d absolutely recommend layering your positions with a smart option strategy courtesy of a smart option trader.) Instead, we invite you to read a very good, and very objective piece that appeared in the WSJ today, and written by old-friend and former hedge fund trader Andy Kessler.

You’ll want to click “more” for the full article. For those with short attention spans, Kessler concluded with: “One thing I’ve learned from my bruising time on Wall Street is to never get in the way of a freight train. Stocks with momentum keep momentum as mutual funds and index funds load up. They never seem expensive—until at some point the fundamentals subtly shift for the worse. Momentum works in both directions. Pull up the charts for General Motors, Xerox or Kodak on your iPhone.” Continue reading →