Tuesday, June 19, 2007

Late Day Notes

Apple (AAPL) pulled off the highs on rumors that there are display problems with the iPhone... no confirmation.

GAP (GPS) options very activity on speculation the company will make a major announcement this evening.

I was seriously considering a purchase of puts on Circuit City (CC) following Best Buy's (BBY) lousy results, but have opted to stay on the sidelines there. I'm waiting to see if CC announces anything on the whether they will sell their Intertan unit.

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