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Technology Stocks : Apple Inc.
AAPL 258.19-0.7%3:59 PM EST
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To: Linda Kaplan who wrote (17264)8/25/1998 9:53:00 PM
From: Lee Nelson  Read Replies (1) of 213182
 
To All: Opinions please...

I have a small loss on OCT 45 calls that I bought
when stock was a 43.

I am strong believer in the "story" and am convinced
that the loss will be erased around sept 1. What
do you guys think of the idea of trading OCT 40 calls
in this range to try to make up the loss short term?

If the stock holds below 41 on the open tomorrow, it
would seem to be an ideal time to pick up some OCT 40s,
with the intent of selling on a 1/2 to 2 point gain.

Any opinions on this strategy?

Thanks,

Lee Nelson
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