Wednesday, April 23, 2008

AAPL update Wed.

The last three days AAPL has traded between $158 and $168. As I write, we are right in between at $163.

I bought some puts for protection clear down at the $145 level. It will take a clear miss to move this stock down substantially. We may see very little change after hours. This is still a net long proposition for me. Should the stock move south without going under $145 before expiration, it will be a small loss for me.

good luck

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