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Technology Stocks : Apple Inc.

AAPL 274.47

+0.1%

Dec 16 3:59 PM EST

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To: David Semoreson who wrote (10993)	4/8/1998 10:47:00 PM
From: Russ	Read Replies (1) of 213176

If you are confident with the earnings results (and not everyone is), and want to take a shot, look to buy April 25's on Monday for 1/8 or 1/16. Worth $4 by Thursday ? That's how I figured I was going to play it. I built up a stock position last year at an average of 18 1/2. I sold 1/3 6 weeks ago at 22, and another 1/3 last week at 27. I've had some April 25's for a few weeks. I expect the stock will be lower Monday, and maybe Tuesday and Wed too, but I expect a nice pop on Wed, so if the options are cheap enough I'll grab a bunch. If the market overall is much lower next week, I may move out to the May options. I may also buy some more stock. I was reading the Apple Recon pages last night, and I seem to remember him saying that earnings were going to be quite good, with a chance of year over year revenue increase. Did anyone else catch that? -Russ

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