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Post by tradermac on Nov 15, 2012 15:15:05 GMT -8
I rolled my jan 650/700 to some April 650/660 today. Put whatever I had left about 13k into it around 526ish. Pretty much a Hail Mary play. By the close my balance showed 3,800!!! UGH damn spread pricing is so whack.
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jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 162
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Post by jz on Nov 15, 2012 15:21:43 GMT -8
If broadcasting you went long to all and sundry doesn't work, then just start pushing out unsubstantiated bullish rumors. Not really a rumor Wheeles. I have read over the CC several times and there is a part in there where TC does talk about an accelerated repurchase. I am sure people would get out of the way if the big Apple started buying. Any chance they could use offshore cash and buy shares back off US soil? Would seem to me like a possible avenue to repatriate without tax penalties. Probably not possible.
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jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 162
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Post by jz on Nov 15, 2012 15:24:22 GMT -8
Not really a rumor Wheeles. I have read over the CC several times and there is a part in there where TC does talk about an accelerated repurchase. I am sure people would get out of the way if the big Apple started buying. OK, so TC talked about it several weeks ago, but my real issue is with Kass who tries to manipulate the stock market to support his own trades. He talks it down when he's short, and talks it up when he's long. Honestly, the guy needs to be in jail with a cellmate called Bubba for his blatant attempts at manipulating the market for his own personal gain. +1
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Post by appledoc on Nov 15, 2012 15:33:33 GMT -8
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Post by david on Nov 15, 2012 15:37:16 GMT -8
Not really a rumor Wheeles. I have read over the CC several times and there is a part in there where TC does talk about an accelerated repurchase. I am sure people would get out of the way if the big Apple started buying. Any chance they could use offshore cash and buy shares back off US soil? Would seem to me like a possible avenue to repatriate without tax penalties. Probably not possible. Are you suggesting that Apple buy back shares on the foreign exchanges? Possibly a very good idea.
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Post by lance on Nov 15, 2012 15:52:54 GMT -8
I think Apple should cancel the dividend at the next earnings call, which I know they wont and start buying back shares with the dividend money. The dividend IHMO has not benefited the stock at all and is so small in comparison to the daily 20 dollars swings whats the point. What is the point in a 2.65 payout when you are down 200 dollars haha. That isn't a safe value play. AAPL will never be a value stock its earnings are too volatile and dependant on a very small product base. Really AAPL is mainly a two product business iphone and ipad. I love apple and believe the company can be successful for many years, but if the iphone and ipad become unpopular so to does AAPL. This is not what I would consider a value investment it is growth and risk based investment. I am sure a lot people here think the dividend brings a lot of dividend/value investors, but it hasn't provided any stability in the stock price, so why do it? Why not buy back shares on dips?
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jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 162
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Post by jz on Nov 15, 2012 16:03:11 GMT -8
Any chance they could use offshore cash and buy shares back off US soil? Would seem to me like a possible avenue to repatriate without tax penalties. Probably not possible. Are you suggesting that Apple buy back shares on the foreign exchanges? Possibly a very good idea. Yes. In whatever country/market the cash resides. I have no idea how or if they could do this... But, it would seem at first glance to be very good for AAPL, very good for shareholders. A better use of AAPL's cash than where it now sits. (If you had mega cash earning nominal interest right now wouldn't you love to put it in AAPL??? Dumb question.... of course you don't because if you had, you already put in at 650 then 620, then 600, 550... You are not really an APPLE BULL now if you have any spare coin left...
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Nov 15, 2012 16:08:37 GMT -8
Too absolutist a statement. That disqualifies more AFBers than you think, including iPad.
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Post by trespif on Nov 15, 2012 16:16:33 GMT -8
This is brutal. Apple may get a little bit of one-day relief tomorrow from an usually high number of in-the-money puts closing.
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Post by phoebear611 on Nov 15, 2012 16:19:44 GMT -8
Don't forget that Obama speaks at 1:30 on the fiscal cliff again tomorrow -- it's moved markets in the past so we'll see.
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Post by jumar on Nov 15, 2012 16:23:38 GMT -8
Who is your broker? Everything I read says RRSPS can not have any short side. Are you sure it's RRSP? I want your broker!! Yes, it is my RSP account on RBC Direct Investing. Trades have filled so it looks like everything has gone through. My intraday holdings show 3 AAPL 011814 700 C and -3 AAPL 011814 800 C. I am also with RBC. Do you happen to have 300 AAPL shares in that account? If so, that explains why they allowed this. Otherwise, you shouldn't be allowed spreads in an RRSP or TFSA. Unless something has changed *very* recently since I spoke to them.
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mark
fire starter
Posts: 1,552
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Post by mark on Nov 15, 2012 16:32:30 GMT -8
Mac doesn't really matter, though it does.Smartphones and tablets are where the growth is. Same with AAPL's price appreciation. No one's expecting even Apple to grow Mac by much more than 10% YOY these days, if even that. The Post-PC era is in full force. This is so true. And the bolded sentence above really says it all. As long as alternate devices are robbing share from PCs AND as long as Mac sales are growing a bit, there is a kind of long-term stability for Apple. I only wish Mac sales were a bigger portion of total revenue (those darn iPhone sales just keep growing too fast ;D) and we would see even more long-term stability.
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Post by cambrose on Nov 15, 2012 16:39:10 GMT -8
Yes, it is my RSP account on RBC Direct Investing. Trades have filled so it looks like everything has gone through. My intraday holdings show 3 AAPL 011814 700 C and -3 AAPL 011814 800 C. I am also with RBC. Do you happen to have 300 AAPL shares in that account? If so, that explains why they allowed this. Otherwise, you shouldn't be allowed spreads in an RRSP or TFSA. Unless something has changed *very* recently since I spoke to them. Yes, I still have shares in that account as well. That would be disappointing. Will have to call the brokerage for clarity.
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Deleted
Deleted Member
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Post by Deleted on Nov 15, 2012 16:50:04 GMT -8
totally weak article. quote: We believe this potentially suggests an imminent launch of the Apple TV, a positive development for ARRIS, who is directly exposed to data traffic growth from incremental IP video streams on cable networks. totally vague: no news of such a thing just that apple is still in discussions with cable providers and that they have estimated how much bandwidth they would need for the device. 100% conjecture. The posts on this site are at least 90% conjecture, so what? ;D
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Post by Luckychoices on Nov 15, 2012 16:52:23 GMT -8
How is he down 500K based on 1600 shares at an average cost of $530? Either my math is off or the good news is he's down nowhere near 500K. Either way the stock will return to $700 in the near future and more and all wil be good for those that can weather this temporary storm. Thanks for the perspective. Hope your friend stays in. Yes, you're correct, zzmac. I know he has more than 1600 shares but I'm sure he does't have 2800 shares. Don't know how he arrived at that figure but I know he's calculating the drop from 700 and not considering his average share price. This is an e-mail I got from him this morning: "Well it is being sold faster than I can buy. It is at 529.17. I think some waited till the dividends were paid then bailed. I know you have been through this before. Makes one wonder if we should have bailed at 700?" Bailing at the ATH? Gee, wouldn't that have been a good idea. Why didn't I think of that?
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Post by mbeauch on Nov 15, 2012 17:28:25 GMT -8
Yeah, someone called this Mark Beauch guy a lame brain who never pays attention and we always have to repeat shit for him. Fortunately, the admin deleted it. I hate I missed that. I will have to ask the administrator to not delete a post that involves me.
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Post by lovemyipad on Nov 15, 2012 17:58:52 GMT -8
I hate Fidelity. HATE them. I have this one tiny little IRA Rollover account from back when I was in my 20s...needless to say, it's now tinier. Well, it's so much tinier that the devalued spreads have triggered a margin liquidation call. IT'S AN IRA ACCOUNT!!! There's no f'ing margin!!! No other brokerage has such stupid restrictions -- this is just ONE of whole bunch of other screwy things they do that no one else does. I have been saying forever that I'm transferring all of our accounts out of there one of these days... That day has arrived.
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Post by phoebear611 on Nov 15, 2012 18:00:16 GMT -8
I have pretty thick skin but I really don't enjoy when people make jokes about traders or investors who are involved in a stock that may be hurting. What's the point of mocking? I never understood.
This just appeared on Twitter feeds: Bruce Springsteen, Jon Bon Jovi, Alicia Keys, John Mellencamp join forces in all-star benefit concert for Apple shareholders.
"I'll sell some $AAPL when it gets back to where I bought it" - 96 million people
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Deleted
Deleted Member
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Post by Deleted on Nov 15, 2012 18:01:11 GMT -8
I tried Fidelity TWICE in the past year and pulled the plug for good almost a year ago. Their mobile trading app is the suckiest piece of software I've ever used.
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Post by johng on Nov 15, 2012 18:03:04 GMT -8
Saying BGR isn't very reliable wound be an understatement.
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Deleted
Deleted Member
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Post by Deleted on Nov 15, 2012 18:05:12 GMT -8
I have pretty thick skin but I really don't enjoy when people make jokes about traders or investors who are involved in a stock that may be hurting. What's the point of mocking? I never understood. This just appeared on Twitter feeds: Bruce Springsteen, Jon Bon Jovi, Alicia Keys, John Mellencamp join forces in all-star benefit concert for Apple shareholders. "I'll sell some $AAPL when it gets back to where I bought it" - 96 million people And I'll buy music from them if and when they make something worth listening to...I mean, their music has so much mold on it they could make their own penicillin.
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Deleted
Deleted Member
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Post by Deleted on Nov 15, 2012 18:06:10 GMT -8
Saying BGR isn't very reliable wound be an understatement. Just write it off to entertainment value. BGR is a blackberry site anyway...
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Post by mbeauch on Nov 15, 2012 18:12:07 GMT -8
It is BS. Just some ridiculous retweet.
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Post by mbeauch on Nov 15, 2012 18:13:17 GMT -8
I hate Fidelity. HATE them. I have this one tiny little IRA Rollover account from back when I was in my 20s... Was that last year? ;D
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Post by nkmho on Nov 15, 2012 18:16:45 GMT -8
I tried Fidelity TWICE in the past year and pulled the plug for good almost a year ago. Their mobile trading app is the suckiest piece of software I've ever used. I pulled the plug on them in the middle of last year. Been loving the freedom w/my other brokers ever since.
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Post by mbeauch on Nov 15, 2012 18:25:36 GMT -8
After looking over DELLS miserable quarter it is no wonder AAPL is down in AH. PC sales are slowing down because of tablets and this impacts DELL substantially. Geeee, I wonder who would benefit from this? DELL has crap for a balance sheet compared to Apple, but here is the real killer. DELL had $13billion in revenue, their net profit was under 500 million. 4% net, time for a merger or they will go BK in 3 years. I imagine he money that they have been borrowing just got a little more expensive. Michael Dell is in real trouble now.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Nov 15, 2012 18:31:39 GMT -8
I hate Fidelity. HATE them. I have this one tiny little IRA Rollover account from back when I was in my 20s...needless to say, it's now tinier. Well, it's so much tinier that the devalued spreads have triggered a margin liquidation call. IT'S AN IRA ACCOUNT!!! There's no f'ing margin!!! No other brokerage has such stupid restrictions -- this is just ONE of whole bunch of other screwy things they do that no one else does. I have been saying forever that I'm transferring all of our accounts out of there one of these days... That day has arrived. I agree. Pleasant folks to talk to, but every time I try to do something it takes a month or more to set up the paperwork. I don't know why I am still with them. God help me if I ever ask for more than level 1
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Post by rosie on Nov 15, 2012 18:56:41 GMT -8
What's that kid's book ...you know the one ...."goin' on a bear hunt, gonna get a BIG one" check out Nick tonight. nanseninvestments.com
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Post by mbeauch on Nov 15, 2012 19:02:13 GMT -8
Rosie, that is more like it. Not sure I agree with him, but good to see he has gotten his swag back.
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Deleted
Deleted Member
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Post by Deleted on Nov 15, 2012 19:09:17 GMT -8
Thanks for the perspective. Hope your friend stays in. How is he down 500K based on 1600 shares at an average cost of $530? Either my math is off or the good news is he's down nowhere near 500K. Either way the stock will return to $700 in the near future and more and all wil be good for those that can weather this temporary storm. just correcting the quotes
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