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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (9575)	1/2/1998 5:43:00 PM
From: hcirteg	Respond to of 13456

Epics- I bought to close my 10 feb 12.5's...too much volume and up move in the entire sector. This is 3 days in a row where WDC made a nice move. If it moves higher again on Monday, then I think we may have seen the bottom for all the drives (including APM)...so much for seeing "hat sizes (I hope!) " Technically for APM, there better be some serious follow through buying early next week or she is definately headed for the hat sizes. There are a lot of people still out there who were spooked beyond repair with this last collapse and I suspect there will be plenty of people happy to get out at $12. I on the other hand have a 1000 shares cost averaged at $19. So, as long term holder, I concern myself with writing covered calls. When I saw the whole sector jump today, I bought WDC calls and closed my APM's. I may write more covered calls on Monday because the 10% one day move with high volume is going to affect the premium in a big way for the better. Anyway, let's just enjoy this 10%+ move UP (that's right, I said up) today. Have a good weekend. HC