APMP (formerly APM) Message Board

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Strategies & Market Trends : APMP (formerly APM)

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To: tom pope who wrote (10078)	2/19/1998 9:45:00 AM
From: Bald Eagle	Read Replies (1) of 13456

<<but I'd love to get some input from you guys.>> Every thing is, of course, just my humble opinion, not investment advice. I don't expect to see APM stray too far away from 12 1/2 until after options expiration on Friday. After that, I agree, that from a technical point of view, APM might break either up or down. The recent action has shown APM trying to break above 13 and stay there, but it keeps getting pulled back below 13. Personally, I think we will see upward movement next week, and who knows, maybe finish at about 15 for the March options? I am long APM (yes, really!), but sold Feb 12.5 covered calls, so I hope we close about 12 1/2 or below on Friday. Then I can keep my shares and sell some March 15 calls, when I can get a good price for them. If I can do this often enough, I might even get back the 35 I paid for APM not too long ago.

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