NEW YORK (ETF Expert) -- On Oct. 8, I served up the question, "Will Apple Nibble Away At Your ETF Portfolio?"

At that time, the i-Everything producer had dropped 9% from its $702.10 closing price, while

iShares DJ Technology

(IYW) - Get Report

had slipped 4.3%.

Then came an inauspicious earnings report. Later, an executive shake-up gave investors indigestion. By the close of business on Friday, the mighty


(AAPL) - Get Report

found itself down 17.8%.

And that's not all. For the first time in nearly 12 months, the price of one share of the largest company in the world by market capitalization had fallen below its long-term, 200-day moving average.

Put another way, the last time the exceptionally popular device maker breached its 200-day, shares traded at $365. Raise your hand if you wished you had been confident enough to take a bigger bite... anyone? After all, a 92.3% unrealized gain in less than a year is not too shabby.

At roughly $575, it may be a stretch to project AAPL hitting $1,105 by next November. Then again, scores of analysts have already gone on record with the $1,000 per share call by year-end 2013.

In other words, it may not be entirely crazy to show some love. (You know you wish you had on the previous go-around.)

Keep in mind, AAPL fell 16% in the May-June gloom of this year. That correction turned out to be a fairly decent opportunity for traders. What's more, if you're looking for a healthy helping, you could look to IYW with its 24% weighting in the corporation.

Granted, IYW is close to correction levels itself, having plummeted 9.8% since September. It has also breached the 200-day trendline.

Nevertheless, you can choose to buy the dips on a fund that holds mega-brands like


(ORCL) - Get Report

TST Recommends


International Business Machines

(IBM) - Get Report



(GOOG) - Get Report


Simply employ a stop-limit loss order to protect against the possibility that the pullback in tech morphs into a bear market mauling.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Disclosure Statement: ETF Expert is a website that makes the world of ETFs easier to understand. Gary Gordon, Pacific Park Financial and/or its clients may hold positions in ETFs, mutual funds and investment assets mentioned. The commentary does not constitute individualized investment advice. The opinions offered are not personalized recommendations to buy, sell or hold securities. At times, issuers of exchange-traded products compensate Pacific Park Financial or its subsidiaries for advertising at the ETF Expert website. ETF Expert content is created independently of any advertising relationships. You may review additional ETF Expert at the site.

Gary Gordon reads:

Real Clear Markets

Jeff Miller


Charles Kirk

On Twitter, Gary Gordon follows:

Jonathan Hoenig

Doug Kass

Hard Assets Investor