AAPL Apple: An Assault on $400

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	David Sachdev
	Washington, DC User since Dec 2009	37
Covers MCP SINA GLUU SODA BAC AAPL TIBX and 3 other stocks - Go to Blog
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An Assault on $400

As soon as Apple gets over $400 again, I think we will easily test the 408 level, and probably test the 412 level. Personally in this time frame I think we will also test 415 as well as we approach earnings. Now in time to put that play on I think...not the week before earnings. Especially if you are purchasing any calls like I have. I think though that one of the important things here is to keep greed in check, and take some profits in the period leading up to earnings....the company is going to get some critical looks this time around.

Oh...and so the thought is that by this quarter, $120/share of the stock price is in the company's cash alone. There will also of course be chatter and talk about a special dividend.

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What People Are Saying...

Mike Barkett said at 12/25/11 9:51 PM Price action was $403.33 4.78 (+1.2%)

Would like to see more ambition here but yea if you just want your 1-2% for a week then it's a good bet.

David Sachdev said at 12/25/11 10:35 PM Price action was $403.33 4.78 (+1.2%)

The ambition is in the options play. Shooting for about 100% return. At about 30% as of yet.

Mike Barkett said at 12/26/11 1:09 AM Price action was $403.33 4.78 (+1.2%)

Which strike gives you that kind of juice? Or are you in well below the coverage price?

Ginger Gal said at 12/27/11 12:52 PM Price action was $407.47 4.14 (+1.0%)

I agree on the $415 target and the special dividend as a possibility. Just wondering when it approaches the $426 high again. Xmas sales should be good but probably will not be too much above analyst estimates. Will keep a watch.

David Sachdev said at 12/27/11 5:42 PM Price action was $406.53 3.20 (+0.8%)

I am in for the January 425 Calls, and I made my purchase when I commented on the previous AAPL coverage a few days before this one...and added to it. Was close to 100% today. Will likely sell those options sometime this week.

David Sachdev said at 12/27/11 5:45 PM Price action was $406.53 3.20 (+0.8%)

Accidentally put down earnings as Feb instead of Jan, but:

David Sachdev said at 12/22/11 1:24 PM [Price action was $398.95 2.51 (+0.6%)] pencil
I have been buying AAPL calls ahead of AAPL 400 and earnings in February. Plan is to sell some ahead of earnings...but will see as we approach.

David Sachdev said at 1/3/12 4:27 AM Price action was $405.00 -0.12 (0.0%)

Hoping this trend continues for the day...
After Hours: 411.00 N/A (N/A) 4:05AM EST

David Sachdev said at 1/4/12 11:08 AM Price action was $410.19 -1.04 (-0.3%)

And finally off to the races today. Already got my double here, just need to make sure not to get to greedy as time decay comes into play.

David Sachdev said at 1/5/12 1:38 PM Price action was $416.38 2.94 (+0.7%)

Look at her go!

David Sachdev said at 1/9/12 11:33 AM Price action was $425.18 2.78 (+0.7%)

New All Time Highs Today!

David Sachdev said at 1/10/12 3:12 PM Price action was $423.14 1.41 (+0.3%)

RTQ: 423.79