Replies to post #819 on Apple Inc (AAPL)

[tomm]

Bought back my Jul 20 CCs, made a dime, but my Jul 17.5 CCs are likely to be called and I'll leave 1.50/share on the table unless there's a pull back. They cost me 14 so I can't moan too loudly. Still, I think Q1 will be a big one for AAPL and I want to be long.

[lbotez]

AAPL's back in the high 19 range

It may take a couple of days for it to stabilize in the 20's...

I don' t have any real strong feelings about this quarter's earnings, but I'm guessing that they won't be stellar. The iTunes money is just a drop in the bucket. I gather they sold a ton of iPods, and some laptops, but the tower sales are pretty stagnant from my observations (plus who would want to buy one when these new hyperbolic G5's are coming out???).

Since we haven't heard any warnings, I'm guessing Apple made the quarter, but perhaps some people might be disallusioned because they always expect too much out of Apple.

So my guess is the stock will bob down a bit. 20 sounds real good to me, I was gonna sell orginally at 18.50....

However, Apple has a good chance to do really well next quarter so I want to be in for that.

[Jim is Jim]

What to do with the cash?

I, like others, am now sitting on a lot of cash from selling stocks and taking..... profits. Right now it is sitting in a money market fund, but that fund's expenses and low performance means that my cash is being nibbled away monthly.

Where in the world can one put cash right now and still be liquid enough to use it to buy stock or whatever?

Or even if one didn't need short term liquidity, is there any place to put cash right now? It's cash I don't need for several years, but would like to be able to buy stocks with it when/if I find good stocks priced right.

Anyone got any clever ideas for storing investment "powder?"

Jim
(is Jim)