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

To: Chaz who wrote (57908)	10/14/2006 5:08:15 PM
From: David Bogdanoff	Respond to of 213182

I have previously on how the price of this stock is controlled; others posting on this thread have noted that 75 is a barrier. the control of the stock price gets broken at earnings announcements and product announcements. bogtalk

To: Chaz who wrote (57908)	10/14/2006 5:26:53 PM
From: aaplfan	Respond to of 213182

It's just that I have close to $20K invested and if it doesn't pop by earnings, I'm out $20K. I might just sell half and hope for the best. I just feel that the MM are going to do everything to keep this puppy as close to $75 as possible until the 20th, after that, if the earnings are even just OK, this thing will be over $90 quickly. Agreed that the stock is pinned in the 70's for now but the only thing that is likely to change that is earnings. If Apple significantly beats estimates, that's when we'll see a near-term move at least to the high 70's (if earnings are in-line, hello 60's?). However, Oct 80 might be a tough nut to crack and I understand your concern esp. since I'm sitting on some (currently) marginal calls and looking at increasing my position and taking on a semi-straddle position next week just in case.

To: Chaz who wrote (57908)	10/14/2006 11:12:31 PM
From: jbn3	Read Replies (1) \| Respond to of 213182

Hi Chaz, Noted your post that you had ~$20K invested in AAPL calls. From what you said, it appears you are holding QAAJO's. AAPL announces on Wednesday 10/18. I do not know whether they announce pre, during or after market close. However posters on the thread should be able to provide that info. If after close, you will have two days for the stock to move. I am reasonably sure that if AAPL fails to meet, meets, or barely exceeds expectations that the price will fall. I have no idea of how much it would have to exceed in order for the stock to move up significantly. Zach's reports that the concensus is for $0.50. From reading the concrete contributors to the thread, I think that AAPL will exceed, but that is purely MHO, and you would be foolish to base any of your investment decisions on that. You did not provide any details on your options, either how many you hold or what premium you paid for them. So, although you have ~$20K at risk, we have no idea whether you're currently flying, swimming or underwater. I suspect that Paul may be correct, that normally the price is fairly closely controlled, and that only at earning's announcements is the stock able to shake the reins. Primarily because that is the only logical rationale I can see for AAPL's descent to the 50 level recently. Good luck on your decision--I hope you make a mint. jbn3