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

To: David Semoreson who wrote (10993)	4/8/1998 10:07:00 PM
From: rhet0ric	Respond to of 213176

If you are confident with the earnings results (and not everyone is), and want to take a shot, look to buy April 25's on Monday for 1/8 or 1/16. Thanks for the tip. I'll watch the options prices closely over the next few days. Could be a great opportunity. rhet0ric

To: David Semoreson who wrote (10993)	4/8/1998 10:44:00 PM
From: Linda Kaplan	Respond to of 213176

Interesting idea to buy more April calls on Monday. Linda

To: David Semoreson who wrote (10993)	4/8/1998 10:47:00 PM
From: Russ	Read Replies (1) \| Respond to of 213176

If you are confident with the earnings results (and not everyone is), and want to take a shot, look to buy April 25's on Monday for 1/8 or 1/16. Worth $4 by Thursday ? That's how I figured I was going to play it. I built up a stock position last year at an average of 18 1/2. I sold 1/3 6 weeks ago at 22, and another 1/3 last week at 27. I've had some April 25's for a few weeks. I expect the stock will be lower Monday, and maybe Tuesday and Wed too, but I expect a nice pop on Wed, so if the options are cheap enough I'll grab a bunch. If the market overall is much lower next week, I may move out to the May options. I may also buy some more stock. I was reading the Apple Recon pages last night, and I seem to remember him saying that earnings were going to be quite good, with a chance of year over year revenue increase. Did anyone else catch that? -Russ

To: David Semoreson who wrote (10993)	4/8/1998 11:19:00 PM
From: Phillip C. Lee	Respond to of 213176

Concern will mount and the price will continue to drop; 23 1/2 by Monday 13th. But after earnings, a quick move to $29. I don't think the price will drop to that low before reports, but nobody knows. After reviewing proxy tonight, I believe all the six proxy questions can be approved. One big one - 17m shares dedicated to CEO's, which exercise option price will be the price on the date of approval. Hmm..., I don't know if Jobs wants lower or higher price for his big option. Besides, I also don't understand why 17m? It should be based on Job's performance. The medium compensation of S&P 500 CEO's is around $3m (including salary, stock option, etc.) based on today's CNBC report. If 17m is given to Jobs and exercise price is $25, then when the price reaches to $30, he will make 85m bucks, which will be the top 10 CEO's compensations. It makes me believe Q2 got to be excellent since 17m shares option worth is not a trivial payment. I will see how the game will continue. Phil