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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes
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To: DavidCG who wrote (14891)5/6/1998 9:31:00 AM
From: Dave Gore  Read Replies (1) of 34592
 
IMPORTANT! THOSE BUYING APPLE MAY 30 CALLS..Do a "STRADDLE" to protect yourself if you like. An SI member pointed this out.

You could buy some May 30 puts at about 1-1/4, so that if for some reason the stock goes down (again, I am strictly guessing that 27 is about the low), you could protect yourself and make money that way.

I may only do that if the stock rises in anticipation right before the announcement as the puts will be cheaper then.

NOTE: Apple broke thru the 15 day moving avg. 3 days ago, and 28.10 or so, is where it would break back through it. But of course the breakout once thru 30 is huge...could run a long ways over the next few days.
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