Replies to post #74259 on Apple Inc (AAPL)

[Tex]

reinvesting profits

I took the profits from my Jan 125 calls, which I finished closing yesterday at just over my target exit price of 50, and bought Jan '09 250s. The principal safe in hand, I'm now playing with the House's money.

I picked an option this far out of the money so I could add contracts to magnify the effect of any correctness there may turn out to be in the position.

Here's hoping for those >2m CPU quarters and blowout OS sales and increased iWork revenue and lots of foreign iPhone buyers.

Take care,
--Tex.