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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting -- Ignore unavailable to you. Want to Upgrade?

To: WebDrone who wrote (464)1/5/1999 10:34:00 AM
From: David Semoreson  Respond to of 692
 
I bought April 37.5's when the stock was down in the low-30's last month ... I've sold some to recoup my investment, but I'll be holding these for at least a month.

Last week I bought Jan 42.5's (I think the same day Drone bought his 40's) to play the MacWorld game. These will be sold very soon ... at $5 I hope (ie: stock around $46.75)

Last year I lost an incredible amount of money with Jan 20's when the stock failed to move up on the news of profit, etc. (to add insult AAPL ended up at 19.75, and the options worthless)

The moral of the story is that you can NEVER be sure with options as the clock ticks and the Street is slow when you need them to be fast.

Drone, enjoy the positive adrenaline rush!

Good luck to all,

** David



To: WebDrone who wrote (464)1/5/1999 12:00:00 PM
From: jeffjl  Respond to of 692
 
I have Jan 40s (Macworld play) and Feb 40 and Apr 40s (earnings play). The temptation to hold the Jan 40s until right before earnings is huge, but I've learned my (expensive) lesson before. If the news is good enough today, I may exercise some of the calls for stock (ideally using only profits from the Jan 40s :) -- let's hope it's a good keynote!) as I have a hunch that this new Apple is going to be a good long-term buy-and-hold.

5 minutes to broadcast....


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