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


To: Travis who wrote (14079)5/27/1998 1:25:00 AM
From: soup  Respond to of 213177
 
Travis: >All Hail Soup!!! :)<

Your quite welcome Travis.

And for my next trick, I'll make the Asian markets go up. :@

--------------------------

Steven Hu: >Are you bullish or bearish on AAPL?<

Not for next few days I'm not.

The stock's cheap, balance sheet strong, strong product line, earnings should still surprise on the upside, etc. But the street doesn't yet trust AAPL and Mr. Market's punishing *everything* that has *anything* to do with Asia. AAPL's got about 12% exposure to Japan and 8% to rest of Asia.

Hang on boys, it's going to be a bumpy ride.

------------------------------------

soup: >Purchased 1/01 $30 Calls at the open for $10.<

BTW, even though buying Jan 2001 $30 LEAPS on 5/20 for $10 when the stock was 29+ was absolutely *rotten* timing, the option's time value is cushioning some of the downside. It's currently 7 1/2-3/4 while the Jan 2001 $35 LEAPS are still valued at $6 1/8- 3/8!

Hey, I'll take all the comfort I can get.

soup