mark
fire starter
Posts: 1,555
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Post by mark on Jun 8, 2017 6:53:11 GMT -8
It's another day and it looks like we are down a bit this morning. I just love when people publish strategies with "little risk". Always remember, when someone says that, they really mean "I don't fully understand the risk." If you assume that the person on the other side of the trade is rational (and you MUST always assume this because, for every trade, someday YOU will be on the other side) then the transaction by definition includes an agreed upon payment for the risk assumed (or risk assigned, as the case may be). seekingalpha.com/article/4079737-make-money-apple-skeptics
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mark
fire starter
Posts: 1,555
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Post by mark on Jun 8, 2017 7:04:43 GMT -8
27 million. That's pretty impressive. You remember how we used to talk about Apple buying Netflix? Well, maybe instead of buying Netflix (for a huge premium over a fundamentally already inflated price), they can compete with them? It's not a far stretch to provide streaming video services in addition to streaming audio services. It's also not a huge deal to pay producers for original content (especially when you essentially have "unlimited" cash to throw at it), see my comment on yesterday's thread about this. investorplace.com/2017/06/apple-inc-s-aapl-apple-music-hits-27-million-paid-subscribers/#.WTlmh8aZP_Q
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Post by tuffett on Jun 8, 2017 7:32:57 GMT -8
The whole point of investing is finding opportunities that present little risk for the potential reward. Apple in the $90s last year is a great example.
The market is not efficient, so these opportunities always exist.
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Jun 8, 2017 8:12:09 GMT -8
The whole point of investing is finding opportunities that present little risk for the potential reward. Apple in the $90s last year is a great example. The market is not efficient, so these opportunities always exist. That's funny I don't recall very many people *cough* on this board proclaiming what a great opportunity AAPL was last year in the low 90s. In fact, I'd say the opposite was largely true. Doom and gloom ruled the day and Apple was all washed up. In fairness it's easy to get caught up in despair (or euphoria) and lose sight of the original reason you invested. I think most of us are guilty at one time or another. It takes some real confidence and fortitude to buck the popular narrative of the day.
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mark
fire starter
Posts: 1,555
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Post by mark on Jun 8, 2017 8:56:15 GMT -8
The whole point of investing is finding opportunities that present little risk for the potential reward. Apple in the $90s last year is a great example. The market is not efficient, so these opportunities always exist. This is not true regarding the options markets (which is what the article discussed). Options really are a zero-sum market, every penny you gain on an option comes from the person/people on the other side of that trade. This ("zero sum") is obviously not the case for stock markets.
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Post by phoebear611 on Jun 8, 2017 13:07:40 GMT -8
Is it ok to speak about UK politics? Looks like the Conservatives do not have the majority - the British Pound is getting whacked.
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Post by tuffett on Jun 8, 2017 13:33:34 GMT -8
The whole point of investing is finding opportunities that present little risk for the potential reward. Apple in the $90s last year is a great example. The market is not efficient, so these opportunities always exist. This is not true regarding the options markets (which is what the article discussed). Options really are a zero-sum market, every penny you gain on an option comes from the person/people on the other side of that trade. This ("zero sum") is obviously not the case for stock markets. Zero sum and efficiency are not the same thing. Markets can be zero sum and inefficient.
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Post by sponge on Jun 8, 2017 15:00:28 GMT -8
The whole point of investing is finding opportunities that present little risk for the potential reward. Apple in the $90s last year is a great example. The market is not efficient, so these opportunities always exist. That's funny I don't recall very many people *cough* on this board proclaiming what a great opportunity AAPL was last year in the low 90s. In fact, I'd say the opposite was largely true. Doom and gloom ruled the day and Apple was all washed up. In fairness it's easy to get caught up in despair (or euphoria) and lose sight of the original reason you invested. I think most of us are guilty at one time or another. It takes some real confidence and fortitude to buck the popular narrative of the day. I too recall many throwing in the towel and selling the stock. The departure of many on this board is a sign of lost confidence in the company. The future has never been brighter and the stock price today is still cheap. Personally despite loosing lots of money because of bad option trades, margin, and ignoring of TA signs, I never lost hope and confidence in Apple. I am coming out stronger and wiser from the ups and downs of the past 5 years. Apple and its stock will give many more opportunities for those to come back and invest. I am up 300% since Dec when I finally learned to recognize the signs. Had I had the money I had in 2012, I would be quite wealthy. But will get there in the next 3 years. The Apple Car and Apple TV and Apple Pay will make this a 2+ trillion company in the next decade.
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Post by phoebear611 on Jun 8, 2017 16:17:42 GMT -8
Per CNBC...wish they would really disrupt all of healthcare:
"Apple just hired the star of Stanford's digital health efforts Sumbul Desai is joining Apple's growing health team in a senior role. Desai is the executive director of Stanford's center for digital health. This is the latest signal that Apple is taking its health business seriously."
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Post by tuffett on Jun 8, 2017 16:26:16 GMT -8
The whole point of investing is finding opportunities that present little risk for the potential reward. Apple in the $90s last year is a great example. The market is not efficient, so these opportunities always exist. That's funny I don't recall very many people *cough* on this board proclaiming what a great opportunity AAPL was last year in the low 90s. In fact, I'd say the opposite was largely true. Doom and gloom ruled the day and Apple was all washed up. In fairness it's easy to get caught up in despair (or euphoria) and lose sight of the original reason you invested. I think most of us are guilty at one time or another. It takes some real confidence and fortitude to buck the popular narrative of the day. That's exactly my point. Emotional decisions create inefficiencies and opportunities. I was definitely not happy and feeling quite uncomfortable, but no way in hell was I selling my shares at $90. And if I wasn't already invested heavily I'd have been backing up the truck at that valuation.
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mark
fire starter
Posts: 1,555
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Post by mark on Jun 8, 2017 19:22:14 GMT -8
This is not true regarding the options markets (which is what the article discussed). Options really are a zero-sum market, every penny you gain on an option comes from the person/people on the other side of that trade. This ("zero sum") is obviously not the case for stock markets. Zero sum and efficiency are not the same thing. Markets can be zero sum and inefficient. The options markets are very efficient, almost entirely so. That's because the second (millisecond) any price gets out of whack, there is a definite trade that can be made immediately to bring it back into equilibrium. One example of this is why some of us get assigned on our short leg portion of our spreads periodically (and usually right before ex-dividend because that is what often causes it to be out of whack).
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