AAPL – Apple Computer (Last:213.04)

Apple topped yesterday within a whisker of a 213.58 Hidden Pivot, but the 231.00 target of larger pattern looms not far above.   We can use it as a minimum upside target, buying two January 230 calls  (AJLAY) for 1.00 or better to speculate on the possibility of an explosive rally at the start of the New Year.   If one is coming, Apple (and GOOG) will surely lead the way.  This is not an exhortation to buy a hundred call options — just a whimsical, nickel-and-dime play that offers much better odds than a lottery ticket. _______ UPDATE We bought two calls for 1.00 as the stock was detumescing following a short-squeeze on the opening that lasted for all of about 90 seconds.  DaBoyz have since manipulated the calls much lower to cover them, so let’s bid 0.52 for two more, and 0.42 for another two, good for the rest of the week.