EOD +$80

First off, HAPPY NEW YEAR!  There, now that that’s out of the way… Ya, this profit is a sad thing to have to post.  Making $80 in profit is better than anything in losses, but still nothing that would make for a good bar story.  So what does someone in my current paper loss situation do when looking at AAPL?

Well, I’m going to hold onto the AAPL puts until the next trading day, which will be Wednesday January 2nd, 2008.  It’s going to be hard for me to get use to writing 2008 or ‘08 on documents and checks and typing it out.  Thankfully most of the dates I type are auto entered after the first few characters are entered.

Oh ya, for AAPL I’m expecting a big drop.  Not predicting it, not hoping for it, expecting it.  Should my expectations be hit, around the third week of January, around January 14, 2007 2008, AAPL should hit a nice $170’s area.  This will be my escape, for whatever the current puts value is, as it might be my last escape chance.

So what’s with MER anyway?  I should probably add it to my list of calls that could be a day play.

I’m also going to add JBLU onto my list of stocks to watch, it ended today down (though a majority of the markets stocks did) but I think there is going to be some action in this stock soon.  Along with the other airline stocks.

People, I think that in a year’s time we will be looking back, talking about the recession that we were in and didn’t even know it at the time.

Here’s a glimpse of market movers, after hours today: