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

To: Panos Nikoulis who wrote (13743)	5/18/1998 1:21:00 PM
From: Phillip C. Lee	Respond to of 213182

<<After the earnings in mid-April, May 30s looked like a sure bet, especially with new products and WWDC coming, but this didn't happen (of course you could have made some money in the meantime).>> Usually WWDC is not the event as big as quarterly reports, hence I wouldn't bet May 30s after earning, instead, I would place at 27.5. Another to remember is that you always have to sell in the rally and not wait until near the expiration. <<For now, I think one needs to go out to at least October in 30s in order to bet on July's MacWorld. It's just too much of a gamble to expect a perfect run-up (or spike) just a few days before July's expiration.>> The reason to place July 30 is due to: - the price is not difficult to reach 30's before MacWorld; - the closer the expiration date you bet, the higher percentage of gain you will have; - Q3 seems to be better than expectations, and iMac will be available in August, the stock should be well above 30's should the overall tech market is on the uptrend. - Summer rally will arrive during July-August. I think we should have no exception this year; - Remember to sell in the rally before or after Q3 reports. Phil