Computers/Software/Internet
Apple Symbol: AAPL
Rationale: Floyd has been trading Apple for over 15 years, and considers both it as a company, the products they make, and the way they market sheer brilliance.
We invest long in the position, and also buy puts and calls.
Guidance: Do not currently own position. Watching.
Research in Motion Symbol: RIMM
Rationale: Floyd has been trading Blackberry for over 8 years, and considers both it as a company, the products they make, and the way they market sheer brilliance.
We invest long in the position, and also buy puts and calls. RIMM is a small version of Apple, with less invention, but a strong following. They constantly surprise.
We buy this position long, and also play puts and calls on it.
Guidance: Do not currently own position. Watching.
Google Symbol: GOOG
http://www.google.com/finance?q=NASDAQ:GOOG
Rationale: All their money comes from advertising, a scary model, but Google is far ahead on their own version of Microsoft Office, and “Free” services that can attract even a business network. At www.bluechipoptions.com and www.oexoptions.com we often recommend Google email to subscribers having difficulty getting our bulk mail subscriptions. We advertise with this company.
Every part of doing business with this company is good, and it also trades amazingly close to the OEX projections and system. We play long on the stock at times, and often buy puts and calls. One of our traders 5 years ago made over $300,000 on one Google call. It’s one of our favorites.
Guidance: Recent moves at Google have us interested in this stock again. It has another incredible run up in the past year, and we’ll be watching for entry on any good “breakdown” of the stock.
Yahoo Symbol: YHOO
http://finance.yahoo.com/q?d=t&s=YHOO
Rationale: Yahoo is the underdog in the game. They never seem to get it quite right. But they are close, and have a brand name. With the right leadership we continue to believe Yahoo has great merit as an internet stock, and watch/play it long, and buy puts and calls at various times.
Guidance: Do not currently own position
