oops I did it again – bought AAPL MAY 145 Calls & QQQQ MAY 50 Calls
So I was watching the market and felt on these two stocks the timing was right to buy calls. If this rally is fake I will be eating dirt for the rest of the year. Both AAPL and QQQQ had promising technicals, but then again technicals have lied to me in the past so I’m watching my back for any breaks that should not happen. In general GOOG and AAPL are going into earnings in the mid 20’s of April 2008. Last years chart for AAPL started a reversal around now after dropping hard after earnings. PLUS!!!! BIG NEWS BIG STORY on Apple is the new iPhone going to be presented in June 2008. What happened for last years iPhone???? Oh, only the stock went up 100% in about 3 months INTO the iPhone release. So I plan to sell out before earnings then buy Jul 08 calls after earnigs on AAPL. QQQQ is just a less risky play that follows all of the heavy rich tech nasdaq stocks like AAPL and GOOG so if AAPL pushes so should tech and QQQQ’s. That is my thought so “oops I did it again” just lucky a smart choice with a motive behind it.
Btw India business is GREAT!!! I could possibly be semi-retired by 2009 with the choice I made. From what I hear we are helping a telecommunications company and will receive 15% of the profits for the life of the business. I’m pysched. My sailboat is still hurten. I finally finished renovating the front berthing so I actually have a bed now. I wall mounted my computer screen so its a sweet setup now to watch the market laying in bed.
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This entry was posted on March 30, 2008 by Paul Awol. It was filed under liveaboard sailboat, new iphone, qqqq call's, stock story, trading aapl options, trading stocks from my boat and was tagged with aapl, apple's new iphone release june 2008, liveaboard a sailboat, new trades, QQQQ Call options, stock story, trading stocks from my boat.