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Looking at the Yahoo chart linked in the article http://finance.yahoo.com/q/bc?s=AAPL+Basic+Chart&t=2y it looks like stagnation from about January 2011 onwards. That really nailed it for me.

From that chart you could have said the same thing in Sep '10, Feb '10, or anytime between Oct '07 and Mar '09, and each time you'd be wrong.