Friday, December 01, 2006

Apple Computer, Inc. (AAPL) - Investment 12-1-06

Bought some Apple Shares today. While in the middle of a pretty big down day Apple was only down a little bit. That shows it has the strength to ride out the bears, this one will be on the rise through December/January.

Update: aapl has been on a small roller coaster lately, I have been buying it pretty heavily these last few days on it's way down. Today's low of mid 85 looks to be the bottom. Look for aapl to start its journey upward.

Update: Apple has been getting hammered in the last few days, so I have been buying as it gets hit. I have brought my cost basis down 9 points!! I am in the low low low 81's now. All this pain has given me the opportunity to get in the black, or very close atleast.

UPDATE 5-21-07: In the post where I sold an apple covered call I gave them the right to buy my apple shares at $100 per share. Well I got "called out". Meaning they exersized their option.(they opted to buy my share from me at $100) So I had to sell them! This trade made a 26% profit.

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