Trading 3/18/2013

There was a lot to consider and think about during today's market open, Ill call it a fake out panic. I did not like the price action on APP so I sold all my shares at $1.91 and plan to get back in between $1.80 and $1.87 because the stock is loosely traded and can move to those levels with relative ease. Still long CRAY. I got long another AAPL Jan 2015 $500 leap contract at $49.00 and one more at $49.50. Total of 3 contracts long. For you new investors there are 100 options in one contract so you have to multiply the price of an option times 100 to realize the contract cost. This small idea has turned into an investment of over $15,000 and could easily double as Apple rebounds even as Europe continues to report crisis after crisis. Samsung is trying to sell the Galaxy4 with some eye scrolling technology, sounds like the potential for a massive amount of frustration and simply an irrelevant technology. Blackberry will appeal to some business professionals but will not really materialize into anything Apple investors should fear, BBRY is too small and threw everything possible into one device. Basically as these semi-competitors fail to innovate Apple is rebounding. Based on this it seems to me the best investment with the least risk are these AAPL leaps, AAPL equity downside is less than $50 where the upside is around $150. This is a great trade as AAPL will announce an increased dividend and is developing more new technology that Samsung will copy next year. Keep innovating Apple.