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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (10329)	10/1/2000 5:31:23 PM
From: KM	Read Replies (1) \| Respond to of 18137

Hey - how come AAPL wasn't on the power spike or hole in the wall?

To: TraderAlan who wrote (10329)	10/1/2000 6:23:57 PM
From: Dotty	Read Replies (1) \| Respond to of 18137

Hmmmmm...AAPL...THEY over at iw.thomsoninvest.net were scooping up bushels of AAPL all day & buying the other boxmakers as well on the cheap...I've gotten quite addicted to watching what THEY are buying, often pre-market for a quick flip/sell later into buying by the plebs later by 11am...

To: TraderAlan who wrote (10329)	10/2/2000 1:24:17 AM
From: -	Read Replies (2) \| Respond to of 18137

Hey Alan, Sorry to hear that AAPL was one of your investments... all of us that hold stocks get caught in those once in a while (the stock traders/investors that don't, are probably candidates for the "liars" category :). You know, I am a bit dubious about the overall "downbeatness" of AAPL's pre-announcement ("business was weak across all geographies") considering the way they've gamed the street fairly fairly recently, in similar circumstances... remember that last grim APPL pre-announce (approx 1-1.5 yrs ago)? When the actual earnings numbers came in, the stock recovered sharply, because the bad news turned out to have been overstated by AAPL. I can't imagine things have actually gone that sour so quickly -- especially considering that with Jobs at the helm, they are unlikely to be so quick to admit it. On the other hand... maybe business is that bad (they do have major supply/inventory problems, I know that). I would either use a buy stop-limit order 5-10 pts up (if you wanted to increase the size of the investment), or go long some calls/leaps at those levels (less risky than adding stock). By waiting for a confirmed rally, it reduces the risk of taking a larger position. Having a buy stop limit parked up there is nice, since if there is any good news, it would gap up so you'd miss getting hurt with an outrageous fill on a gap. In the interim (better!), I would also be selling short-term calls against the stock, which is a pretty slick technique (the CBOE calls it "stock repair")... worst-case you get called away and a new tax deduction in the bag to offset your gains. I have some pals who are pretty deadly stock pickers, that think this thing is going to $15, where it was trading in 98' (check out the weekly chart)... I really don't have an opinion myself but I'd hate to be that Sheik over in Saudi Arabia who bought a zillion shares :) I'm sure you've already thought of all that, just my two cents on AAPL. Best regards, Steve