Paul Meyer Buys Houses

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.

peace =-)

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.

2 responses

  1. There’s a good chance the AAPL ones will pay off as breakeven is only 7% or so away. How many QQQQ options did you buy? This one has a much lower chance (as we can see from the option price). It’s something like a 15% gain and Apple has double the beta of QQQQ.

    March 30, 2008 at 9:46 pm

  2. moom. hi! QQQQ’s are heavily weighed by big tech so if tech is at a low so should be qqqq’s. That’s how I figure. AAPL is sure to move into earnings and it is created a U reversal pattern on the daily charts.

    March 31, 2008 at 6:42 pm

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