Friday, January 04, 2008

Apple Fall Far from the Tree...?

maybe not...a nice rebound to 186.33 and then to 192ish should be pretty quick and tidy as soon as all this regressionary hoopla wears off...if it wears off...otherwise...go the movies...

eventually it has to take out 203.3 and then it's off to the races for a while...

some are recommending call spreads here on AAPL-

sell a far out (time & money)covered call on apple and use the proceeds to purchase near the money near term call...

sounds like a good idea...