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

To: Linda Kaplan who wrote (22533)	1/15/1999 11:14:00 AM
From: X-Ray Man	Read Replies (2) \| Respond to of 213173

Linda, nothing different than what some others have noted here about AAPLs behavior for previous MacWorld's and earnings reports. We see an anticipatory rise prior to the event, and a selloff just before or just after. What is hard if you are an Apple enthusiast (which I must admit I am) is that you accept that the players are going to take their profit on the news, even though you and I know there is even more good news down the road, and the overall slope is up. If you are going to time a stock, then long-term thinking doesn't apply. I have also stopped using options for this short-term stuff, and I am sticking to directly trading the stock long and short on margin. Options on AAPL were a deal when its historic volatility was low and the options were priced as such and you could make money on more recent volatility. Options seem more dear now because the past years volatility is priced in. JMO For today, I took a little position, and I have another buy limit order in at 40. Good luck.