AAPL plans
Ok, so I sold calls on Tuesday and made a bunch of money. If I had held until today, I would have made a bunch more. I am ok with that. So, what does the future hold.
In terms of AAPL, I think it is bright. Don't know how bright, don't know for sure it when will shine brightly. Here is what I have done and plan to do.
Plowed some of the proceeds of the calls into CHK and that alternative energy fund. AAPL is now 36% of our combined IRA's, which are relatively small, rolled over from some other retirement assets and not a major part of our overall retirement planning, but not insignificant either.
I plan to keep all the long AAPL shares we have and let them ride all year. There will be fairly loose trailing stop loss orders on those shares. We'll see how it goes. I expect Apple to have another good year. I agree with Runkle - I think the product pipeline has stuff that is ready or near ready and that there will be multiple introductions throughout the year in addition to rounding out the Mactels.
I am somewhat unsure how the transition year will go in terms of CPU sales. I expect a bump in MacBook numbers, comapared to PowerBooks YoY, but until some in-depth reviews show up we really won't know how enthusiastically they will be received. We also do not know how Rosetta will do with pro apps, maybe especially 3rd party ones.
I know this iMac G5 I am typing on is a wonderful machine, I do know that.
So the themes for now are Apple, precious metals, natural gas, alternate energy Adaptec, large cap Mexico and Brasil, and PIXR, with cash in both accouts to do stuff with.
So far, in the short time we have had this year, those portfolios are up 23.19%. I have never had a start like this before. Maybe by midyear some of these things will take a flight to safety :)
