First, looks like I sold my apv dk (155 apr call) too early. Apple is suprising me today, on speculation that 3G iphones are just about here. But a profit is a profit and I will not complain anymore about making money!  Apple has rebounded it seems. I never felt the fundamentals pointed to such a sharp drop.  Here is why it dropped (IMO):

 1) Awful market sentiment in general

 2) Hedge funds selling because of margin calls due to soured mortgage backed securities

 3) Jan-Mar seems to be the time that aaple take some shots from analysts, it happened last year just the same.

 Point is, the funamentals never changed! Brand loyalty is strong, college students love apple, the iphone is doing well and macs are doing even better. Margins are great and the fall of flash prices just raises the margins (or allowing for a price cut without loss of net). I used this opportunity to get back into apple and have so far been rewarded greatly for it, both using options and long stock.

I see that I was featured on the TK all-star blog. Cool! Thanks for choosing my investments as a spot of interest. My target price for CEO is not 200, but 165+ (I don't like to set hard tops). I believe that because of poor market sentiment and the falling market in china that CEO has taken an unfair beating (so have several other chinese stocks like another one I own FMCN). Now I'm not in this to day trade, and will hold to a 6-12 month horizon. I think china oil is a winning play and when looking valuation, fundamentals and chinese policy that between PTR, CEO, and SNP I choose CEO. The money in oil is who finds the oil, and that's what CEO does.