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Technology Stocks : Apple Inc.

AAPL 267.26

-1.4%

3:59 PM EST

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To: Andrew Danielson who wrote (16793)	8/17/1998 3:11:00 PM
From: Sam Scrutchins	of 213178

At the risk of putting my foot in my mouth, I get the sense that today might be AAPL's blow-off top that we'll be striving to get back over weeks from now. Andrew, I feel the same way you do. I obviously sold about a 1/2 point too early today, and Apple is still showing surprisingly low volatility with this move up, a bullish sign in my opinion. Nevertheless, I even became more agressive when Apple hit 42 1/2 and bought the Aug 42 1/2 puts at 1 1/8. First time I have played puts on this stock. I may get burned here, but I willing to go for a small downside profit at this point either today or over the next several days. Good luck, Sam

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