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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (54691)	7/19/2006 10:21:11 PM
From: Done, gone.	Read Replies (2) \| Respond to of 213182

P&F chats signal Low Pole Reversals. The (shorter term) Percentage chart hit its Bearish Price Objective and needs about $57 to turn Bullish: stockcharts.com The (longer term) Traditional one needs about $60 to turn Bullish: stockcharts.com

To: Henry J Costanzo who wrote (54691)	7/19/2006 10:33:51 PM
From: aaplfan	Read Replies (1) \| Respond to of 213182

Starting tomorrow, I plan to begin removing the hedge (selling puts). I also took a small bet today on the earnings report with a purchase of calls. I may expand call pirchases over time, as I did through much of the last few years....buying relatively short-dated calls, and rolling forward as they expire. Since I was looking into using options to go long in AAPL until recently, I'm curious as to your rationale for buying calls. Assuming that downward risk for AAPL is minimal and given the recent increase in the volatility premium for AAPL options and the downward pressure on the market, I was thinking that a put-selling and share buying strategy made more sense but I'm always looking for new ideas.