mark
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Posts: 1,552
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Post by mark on Nov 29, 2012 13:55:11 GMT -8
Microsoft rumoured to have reduced Surface RT production from a previous 4 million order this year to just 2 million. 2 million? The ipad mini likely sold more than that in its first weekend. Can you imagine the R&D costs averaged per surface device at present? I smell a big write off at some point in the next 18 months. Zune. Kin. Surface. Microsofts device history is mainly a scrapyard of costly failed projects (even the Xbox, a big seller, has lost billions over its lifetime). I've been saying it all along - if Microsoft wants the Surface to "succeed", they will have to subsidize it for a while like they did with Xbox.
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Post by roni on Nov 29, 2012 13:57:49 GMT -8
Pelosi waiting till after the bell to speak - she probably has a massive personal portfolio and cares more about that than any decisions she and her fellow politicians need to get done. WHY aren't they locked in a room? WHY do they keep coming out and posturing? IDIOTS - OFF WITH THEIR HEADS! ;D Kidnapping is against the law So is decapitation
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Post by greedynoob on Nov 29, 2012 13:59:37 GMT -8
Kidnapping is against the law I'm pretty sure it was against the law both times that J.P. Morgan did it, but nobody complained ;-)
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4aapl
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Post by 4aapl on Nov 29, 2012 14:07:29 GMT -8
Went ahead and wrote a few weekly 600 calls for .84 against stock I bought a couple weeks ago at 585. Nothing too much, but today's weekly volume looks like the stock will pin at 590 tomorrow. I think any short or pin trades are relatively dangerous nowadays. Because at any time, we might get news of a [fake] Greece resolution, or a resolution to the fiscal cliff. And those have got to be wroth a few hundred Dow points easy (and perhaps a few tens of Apple dollars too). Depends on what you consider dangerous. While I was planning on holding those extra shares until 630, selling them at 600 would still be a 2.5% gain in a couple weeks, while paying 1.5% per year on the margin. I can think of worse things. But I'm not doing this on the majority of the shares I hold, both for tax reasons (straddle rules) and because my conviction in Max Pain doing it's thing isn't 100%.
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Post by wheeles on Nov 29, 2012 14:20:09 GMT -8
Any follow up on this? Was this the reason we seemed to be kept under 590 at the close? It really wasn't tested yet. Like mbeauch said, AAPL was just forming a base today. As someone who is happy to trade AAPL long and short, I feel I should point out that when a base is being built, what is actually happening is a churn in the shareholding. When you have a bullish bias, you always feel that this churn will occur prior to a move up as the ownership moves from the patsies to the pros. However, when there is a bearish bias, it can actually work the other way. Ownership can move from the pros to the patsies prior to a move down. So, just because you see a period of churn, do not automatically think that it is prior to a move higher. Over the last 10 years it was a good bet to think that it will resolve to the upside, but there will come a time (perhaps it has already arrived) when the "base-building" is just as likely to occur prior to a move down as it is up.
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Post by mbeauch on Nov 29, 2012 14:24:48 GMT -8
Down in AH due to the talks I am sure. Someone had posted that Jason (Who I hold in high regard) was talking about the Fri/Mon pattern coming back. I think it is way to early to call a pattern and tomorrow will test his theory. I just want to get back above 600. The longer we are down here in Mudville (below the 200) the harder it will be to escape.
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Post by mbeauch on Nov 29, 2012 14:33:43 GMT -8
Almost forgot. I was in Victoria's Secret today and they are giving away iphone covers (4/5) with $65 purchase. Not galaxy covers, not Droid covers, not Moto covers, iphone covers. This is a hoot, i went in with some cards, walked out with merchandise and cash. Now that was a good shopping trip.
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Post by Tetrachloride on Nov 29, 2012 14:37:27 GMT -8
Somebody get the tape.
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Post by mbeauch on Nov 29, 2012 14:39:13 GMT -8
So, just because you see a period of churn, do not automatically think that it is prior to a move higher. Over the last 10 years it was a good bet to think that it will resolve to the upside, but there will come a time (perhaps it has already arrived) when the "base-building" is just as likely to occur prior to a move down as it is up. Wise words big bird. Personally I think the same shares were passed back and forth today. The gap being filled was comforting. I think we are at a crossroads and will know direction within 2 days. I will not be surprised with either direction. I am rooting for the good guys though.
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Post by moltenfire on Nov 29, 2012 15:48:10 GMT -8
Almost forgot. I was in Victoria's Secret today and they are giving away iphone covers (4/5) with $65 purchase. Not galaxy covers, not Droid covers, not Moto covers, iphone covers. This is a hoot, i went in with some cards, walked out with merchandise and cash. Now that was a good shopping trip. Any trip to Victoria's Secret is a good trip But a trip to VS returning with "merchandise"? Now that's a great trip ;D
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Deleted
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Post by Deleted on Nov 29, 2012 15:57:46 GMT -8
Fixed
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Post by mbeauch on Nov 29, 2012 16:21:03 GMT -8
Any trip to Victoria's Secret is a good trip But a trip to VS returning with "merchandise"? Now that's a great trip ;D Ha, they actually gave me cash to take the stuff. I had 2 promo cards that I had gotten yesterday that had a secret value. Seriously, I walked in and and out with no money out of pocket, $15 in cash and two sexy items. Yum Yum. ;D
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JDSoCal
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Post by JDSoCal on Nov 29, 2012 16:32:58 GMT -8
Any trip to Victoria's Secret is a good trip But a trip to VS returning with "merchandise"? Now that's a great trip ;D Ha, they actually gave me cash to take the stuff. I had 2 promo cards that I had gotten yesterday that had a secret value. Seriously, I walked in and and out with no money out of pocket, $15 in cash and two sexy items. Yum Yum. ;D Mark, I'm glad you got some good deals, but please, for the love of God, do not refer to (let alone post any pics of) any sexy items you may have bought yourself. I mean, I'm a Libertarian, but Jesus, TMI! TMI! TMI!
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mark
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Post by mark on Nov 29, 2012 16:38:27 GMT -8
while paying 1.5% per year on the margin. Wow! How do you manage that?
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Post by Red Shirted Ensign on Nov 29, 2012 16:42:40 GMT -8
Any trip to Victoria's Secret is a good trip But a trip to VS returning with "merchandise"? Now that's a great trip ;D Ha, they actually gave me cash to take the stuff. I had 2 promo cards that I had gotten yesterday that had a secret value. Seriously, I walked in and and out with no money out of pocket, $15 in cash and two sexy items. Yum Yum. ;D What sizes do you wear? Just askin'
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Post by rosie on Nov 29, 2012 17:05:29 GMT -8
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Post by chasmac on Nov 29, 2012 17:32:42 GMT -8
Ha, they actually gave me cash to take the stuff. I had 2 promo cards that I had gotten yesterday that had a secret value. Seriously, I walked in and and out with no money out of pocket, $15 in cash and two sexy items. Yum Yum. ;D What sizes do you wear? Just askin' There was so many things to say but I'll just leave them unsaid! Agree with MB, nice base forming I think. Mark, there was a donkey in the hotel room but it was being ridden by Max. Very upsetting...
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JDSoCal
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Post by JDSoCal on Nov 29, 2012 17:58:34 GMT -8
I know it's a bit off-topic, but the preposterousness of AMZN's zero-(or less)-margin business model, and the sad irony of WS rewarding it, is a regular meme here. And this little gem just freaking boggles the mind: Testing the Limits of Amazon PrimeI've been wanting a gun safe. I should buy through Amazon just to spite them.
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Deleted
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Post by Deleted on Nov 29, 2012 18:23:46 GMT -8
I know it's a bit off-topic, but the preposterousness of AMZN's zero-(or less)-margin business model, and the sad irony of WS rewarding it, is a regular meme here. And this little gem just freaking boggles the mind: Testing the Limits of Amazon PrimeI've been wanting a gun safe. I should buy through Amazon just to spite them. F that, buy a piano. I would myself, but I already own two. Thanks for the tip. I'm going to shop for something heavy now.
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Post by chasmac on Nov 29, 2012 18:28:19 GMT -8
I know it's a bit off-topic, but the preposterousness of AMZN's zero-(or less)-margin business model, and the sad irony of WS rewarding it, is a regular meme here. And this little gem just freaking boggles the mind: Testing the Limits of Amazon PrimeI've been wanting a gun safe. I should buy through Amazon just to spite them. F that, buy a piano. I would myself, but I already own two. Thanks for the tip. I'm going to shop for something heavy now. That's what Apple should do with the spare cash, buy a bunch of crap and send it back! Or better yet, buy their loss leading Kindles and go SJobs/Newton on them and bulldoze them into a landfill.
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JDSoCal
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Post by JDSoCal on Nov 29, 2012 18:31:48 GMT -8
I know it's a bit off-topic, but the preposterousness of AMZN's zero-(or less)-margin business model, and the sad irony of WS rewarding it, is a regular meme here. And this little gem just freaking boggles the mind: Testing the Limits of Amazon PrimeI've been wanting a gun safe. I should buy through Amazon just to spite them. F that, buy a piano. I would myself, but I already own two. Thanks for the tip. I'm going to shop for something heavy -- can I search for that? Ha, that ties in to your LOL comment on AAPL being $100 away from the car talk thread. I'm wondering if the new C7 Corvette, to be announced on 1/13, can be bought on Amazon. Only ~3,200 lbs.
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Deleted
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Post by Deleted on Nov 29, 2012 18:41:09 GMT -8
That's what Apple should do with the spare cash, buy a bunch of crap and send it back! Or better yet, buy their loss leading Kindles and go SJobs/Newton on them and bulldoze them into a landfill. I like the way you think. I'm keepin' an eye on you....
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Post by phoebear611 on Nov 29, 2012 18:44:00 GMT -8
F that, buy a piano. I would myself, but I already own two. Thanks for the tip. I'm going to shop for something heavy now. That's what Apple should do with the spare cash, buy a bunch of crap and send it back! Or better yet, buy their loss leading Kindles and go SJobs/Newton on them and bulldoze them into a landfill. BRILLIANT!
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Deleted
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Post by Deleted on Nov 29, 2012 18:44:58 GMT -8
Ha, that ties in to your LOL comment on AAPL being $100 away from the car talk thread. I'm wondering if the new C7 Corvette, to be announced on 1/13, can be bought on Amazon. Only ~3,200 lbs. Yeah, except shipping is less than you think for a car hauler. I'm eyeballing exercise gear, as in heavy weights. Of course, I'll need to be able to return if I'm not deliriously happy with my purchase... ;D
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JDSoCal
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Post by JDSoCal on Nov 29, 2012 18:53:33 GMT -8
Ha, that ties in to your LOL comment on AAPL being $100 away from the car talk thread. I'm wondering if the new C7 Corvette, to be announced on 1/13, can be bought on Amazon. Only ~3,200 lbs. Yeah, except shipping is less than you think for a car hauler. I'm eyeballing exercise gear, as in heavy weights. Of course, I'll need to be able to return if I'm not deliriously happy with my purchase... ;D Well, shipping my Vette from New Hampshire to LA in enclosed transport cost just south of $2K. And that took like 9 days, not Prime 2-day shipping.
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icam
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Post by icam on Nov 29, 2012 19:03:41 GMT -8
Pelosi waiting till after the bell to speak - she probably has a massive personal portfolio and cares more about that than any decisions she and her fellow politicians need to get done. WHY aren't they locked in a room? WHY do they keep coming out and posturing? IDIOTS - OFF WITH THEIR HEADS! ;D The last time I saw Pelosi's net worth published it was in the $65 million neighborhood. But, that was at least a year ago, so I'm sure it's a different number today.
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JDSoCal
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Post by JDSoCal on Nov 29, 2012 19:23:03 GMT -8
Stk Calls Puts 575 6,152 9,618 580 8,295 9,945 585 10,029 9,460 590 12,917 6,124 595 10,044 2,339 600 15,730 1,389 605 10,056 434
Range up $5 from yesterday. 585's very close to tied.
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Post by lance on Nov 29, 2012 19:51:17 GMT -8
AAPL is having a convergence of daily SMA's where the 50 day and 100 day now are sloping downward towards the 200 day which is fractionally rising towards 600 dollars a share. The stock price is slowly approaching all 3 key averages. Once the averages converge closer, it could lead aapl with a couple up days to leap all 3 averages, which sets up aapl for a huge bull run assuming no horrible macro news/political crap.
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Post by madmaxroi on Nov 29, 2012 20:22:04 GMT -8
What sizes do you wear? Just askin' There was so many things to say but I'll just leave them unsaid! Agree with MB, nice base forming I think. Mark, there was a donkey in the hotel room but it was being ridden by Max. Very upsetting... No, that was Mr. Ed to you and shipped in by Amazon prime BTW.. Seriously, the only other living being that knew about this was the donkey. Chas, who knew? ;D
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Post by mbeauch on Nov 29, 2012 20:41:50 GMT -8
Well, shipping my Vette from New Hampshire to LA in enclosed transport cost just south of $2K. And that took like 9 days, not Prime 2-day shipping. Corvettes are made in Kentucky, whats up with NH?
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