Long on AAPL might be a good play, but I suspect it'll have to be long for a LONG time. I think there are way better returns to make in the same amount of time with other companies, even though it might be "cheap" right now.
I posted this elsewhere, but consider this one:
http://finance.yahoo.com/q?s=YHQBE.X
I'm absolutely kicking myself for missing this play. Dammit. A $600 investment for 200 contracts Thursday would have been worth $64,000 on Friday. Oh well. I'll get the next one. I hope.