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

To: Slugger who wrote (17595)	9/4/1998 5:08:00 PM
From: HerbVic	Read Replies (1) \| Respond to of 213172

Go get 'em Slugger! HerbVic

To: Slugger who wrote (17595)	9/4/1998 8:56:00 PM
From: Sam Scrutchins	Respond to of 213172

I'm back in at 34 11/16 this afternoon. I got back in this afternoon as well. I've become a big believer in Hi Grade's predictions, and I am currently reading his recommended book, Trading Chaos, by Bill Williams. A Great read. Hi Grader had predicted with his software that Apple would fall to around 33 1/2, maybe a little lower. If we get a big tank early next week, the stock may achieve this low. However, it came down to 34 twice in the past two days, then broke to 33 3/4. It has consistently rallied strongly off these lows, and I don't want to miss the upswing, even if it costs me a little. Therefore, I sold the Sep 35 puts while the stock was below 34, breaking about even (I had established the position a little too soon after the retracement from the 30 5/8 low and did not have sense enough to average down when the stock went to 37. I also bought calls, the Oct 35's and the Oct 37 1/2's, to supplement my Oct 40 position. It's time for this stock to soar. Good luck to all the longs. May God have mercy on the shorts. Sam