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

To: John O'Neill who wrote (16160)	8/2/1998 10:35:00 PM
From: soup	Read Replies (1) \| Respond to of 213182

Keeping my options open ... literally. I've used the recent weakness to establish my long-term position in 2001 $30 leaps. The nature of these instruments encourages long-term thinking. My expectation is that, near-mid term market weakness notwithstanding, I expect AAPL stock to reach $60 by expiration. Also, since the principal values of these instruments is not "intrinsic" but "time", they are considerably less volatile than shorter-term options or even the stock itself. Ie; easier to hold in a downturn. I had expected to hold my 1999 $20 calls and exercise a portion with funds from those I sold, but, with the purchase of the 2001s, I can now sell them all. The thing about these deep-in-the-money calls is that they are geared 2-to-1 as AAPL stock so they're twice as volatile. And with their appreciation (average purchase was when AAPL was in the mid-teens), they're kind of whipping my portfolio around (1 7/8 drop on Friday!) Yikes! Still I hate to sell them now because I already paid for the time value and, since my 6 month assessment is that Apple stock will still make progress even in market headwind, I'll try to enjoy the leveraged "sweet spot". My best case for the market is that Japan will begin to chip away at its monstrous bad debt problem and hold its market steady; that emerging economies will get no worse and their markets may even appreciate as they anticipate a 1999 and 2000 turnaround; that Europe will finish the year somewhat up from now and that the US market will rotate away from big-caps to small and mid-size companies -- like AAPL!

To: John O'Neill who wrote (16160)	8/3/1998 8:15:00 AM
From: smartInvestor	Read Replies (1) \| Respond to of 213182

Can you imagine a company switching it's network system just to accomodate McIntosh products?? What kind of response were you hoping for with this? In fact, incorporating Macs into a corporate network is relatively easy and even more so since Ethernet is already included. I work in a Fortune 50 mixed environment and even with our PC-centric IT group, we have very little problem with network integration. Unfortunately, this isn't even relevant since Apple is not specifically going after large, new corporate installations at this point. BTW, it's M-A-C-I-N-T-O-S-H.

To: John O'Neill who wrote (16160)	8/3/1998 12:27:00 PM
From: Robert Mayo	Respond to of 213182

"...the sales will not carry far enough into the mainstream to make it fly long term,...I think iMac has a stron niche market, % sales will be strong at first, but I'm still a buyer of LEAP Jan 2000 puts." One of your underlying assumptions seems to be that the iMac is the only arrow in Apples quiver. Wrong. More consumer products are on the way (see: macnn.com, not to mention a thoroughly upgraded Pro line this fall. As for the iMac, you seem to think that it will only sell to the faithful. You're wrong about that too. Bob