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Technology Stocks : American Power Conversion

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To: Woody_Nickels who wrote (1648)7/25/1997 8:31:00 AM
From: Steve Becker   of 2574
 
Don't worry about our thread being quite. We are contemplating our next move and are waiting for market reaction before we post.
Personally, I'm lucky I didn't get the $1 I was trying sell Aug 25 calls on my position Tuesday and last week. And Wednesday afternoon APCC shot up so fast I didn't have time to react, which probably was a good thing.
Last week one of my holdings, DIGI, reported earnings in line with expectation and the following day it peaked 8% higher, where I sold out of the money calls. A few days later it retraced. With any luck APCC will do the same thing today.
If so, I'm ready to sell Sept 30 calls (unless 27 1/2 become available). I can't be too greedy. I've moved in and out of APCC for profits of 110% and 20%, most recent purchase was in May at $16.
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