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Post by podboy on Dec 18, 2012 12:17:30 GMT -8
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Post by terps530 on Dec 18, 2012 12:19:29 GMT -8
ya know what they say- Better safe than terps530, i mean sorry
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Post by bribery on Dec 18, 2012 12:54:35 GMT -8
love this smooth action and closing on HOD
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Post by tuffett on Dec 18, 2012 12:56:57 GMT -8
Samsung is certainly not offering a truce. They probably just realize they don't have a legal leg to stand on and would rather spend the money on even more advertising, which seems to be working well for them.
Their smartphone business line (thanks to Apple) is by far their most profitable. Absolutely no way they give it up just to save some relatively low margin supply contracts with Apple.
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Post by appledoc on Dec 18, 2012 12:57:15 GMT -8
Being so close, I'm just going to wait until we cross 555 to buy more. If we fail, I'm buying puts.
I'm encouraged though.
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Mav
Member
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Post by Mav on Dec 18, 2012 13:00:15 GMT -8
So close to buying. Decided to wait it out though. I'll just stick with existing stuff on the table.
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Post by appledoc on Dec 18, 2012 13:01:27 GMT -8
Hello 534.00.
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Post by appledoc on Dec 18, 2012 13:02:18 GMT -8
So close to buying. Decided to wait it out though. I'll just stick with existing stuff on the table. We're about 4% below 555. May as well wait and see. You won't be missing much at this point if we do run.
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Post by terps530 on Dec 18, 2012 13:06:35 GMT -8
back to back days of making new highs in the last 5min of trading is sweet sassy molassy. My guess is we will likely gap up again tomorrow, unless macro fiscal cliff issue comes up.
I don't want to jinx it, but I'm excited for the possibility of a green day tomorrow, and what would be our first 3 green candles in a row since Sept 19th.
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Post by podboy on Dec 18, 2012 13:13:27 GMT -8
I thought we saw 3 green days in a row on the run up to 590.
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Post by lovemyipad on Dec 18, 2012 13:21:54 GMT -8
Cautiously optimistic, whispered whheeeeeee!
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Post by moltenfire on Dec 18, 2012 13:23:19 GMT -8
Just traded my JAN15 850 calls for JAN15 700 calls; taking a loss for tax purposes.
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Post by Red Shirted Ensign on Dec 18, 2012 13:40:14 GMT -8
Cautiously optimistic, whispered whheeeeeee! I live for those wheeeees
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Post by terps530 on Dec 18, 2012 13:47:14 GMT -8
I thought we saw 3 green days in a row on the run up to 590. i'm looking at it, and now I am confused. I think you are right. I think, the first day it gapped up, then closed lower than the open, but was still positive on the day (from previous close). But a chart doesn't show this, or does it? so schwab and TD, which i use when trading, show it red, but stockcharts shows it green, filled in. I never thought about this before, but you can have red candles even on a positive day because of a gap up? Anyone know why they show it in different ways? Is there a 'correct' way?
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Post by lovemyipad on Dec 18, 2012 13:52:46 GMT -8
Just traded my JAN15 850 calls for JAN15 700 calls; taking a loss for tax purposes. Wash sale?
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Post by lovemyipad on Dec 18, 2012 13:58:34 GMT -8
Anyone know why they show it in different ways? Is there a 'correct' way? There should be an option for your candlestick settings: "open versus close" or "net change." I have "open versus close" because it's bearish to close lower than you open (bullish to close higher than you open), even if it's a net gain (loss) from the previous day. Kinda like saying to the day's victor: don't let the net gain (loss) go to your head; you're skating on thin ice.
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Post by terps530 on Dec 18, 2012 14:11:30 GMT -8
Anyone know why they show it in different ways? Is there a 'correct' way? There should be an option for your candlestick settings: "open versus close" or "net change." I have "open versus close" because it's bearish to close lower than you open (bullish to close higher than you open), even if it's a net gain (loss) from the previous day. Kinda like saying to the day's victor: don't let the net gain (loss) go to your head; you're skating on thin ice. ahh ok thanks. I never even thought about or realized the difference till I looked at those charts side-by-side.
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Mav
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Post by Mav on Dec 18, 2012 14:16:32 GMT -8
Well, looking just at today, the price action at least was pretty sweet. The tape suggests more follow-through tomorrow (530 reclaimed very nicely), but in this high-volatility environment I'm looking for a better setup (for myself, which may actually be a miserable setup ) The good news from Apple helped but the valuation is really helping AAPL hang in there IMHO.
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Post by rickag on Dec 18, 2012 14:30:36 GMT -8
Being so close, I'm just going to wait until we cross 555 to buy more. If we fail, I'm buying puts. I'm encouraged though. Why $555?
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Post by nkmho on Dec 18, 2012 14:33:50 GMT -8
Just traded my JAN15 850 calls for JAN15 700 calls; taking a loss for tax purposes. Wash sale? Yeah, that sounds like a wash sale to me as well, as it doesn't matter if you're changing expiration/strikes, underlying is still the same.
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Mav
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Post by Mav on Dec 18, 2012 14:37:16 GMT -8
rickag, iPad addressed that in the EW thread.
I somehow missed that not only did AAPL fill the gap up (IIRC), it filled the gap to 530. "Clean" trading. So far, so good, so far.
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Post by chasmac on Dec 18, 2012 14:38:57 GMT -8
Being so close, I'm just going to wait until we cross 555 to buy more. If we fail, I'm buying puts. I'm encouraged though. Why $555? 666 is taken ;D Cautiously optimistic. All in for now with shares bot with remaining cash. $502, $508 and $526. Might amp up the exposure after Jan. 1.
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Post by artman1033 on Dec 18, 2012 15:05:50 GMT -8
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Post by moltenfire on Dec 18, 2012 15:28:47 GMT -8
Yeah, that sounds like a wash sale to me as well, as it doesn't matter if you're changing expiration/strikes, underlying is still the same. I'm Canadian; do we have the same prohibitions against wash sales in our Income Tax Act?
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Post by kloot on Dec 18, 2012 15:33:17 GMT -8
Yeah, that sounds like a wash sale to me as well, as it doesn't matter if you're changing expiration/strikes, underlying is still the same. I haven't found anyone that can definitively answer it one way or the other.
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Post by lovemyipad on Dec 18, 2012 15:51:11 GMT -8
(...)I took the proceeds from that sale and used some other leftover cash to fund some of the January 14 800/850 Bull Call Spreads at $3.50. Hopefully after earnings I can unload half of them at a double and let the rest ride...at least in an ideal world that's how it goes Like it. And look, you're up 7% already.
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Post by moltenfire on Dec 18, 2012 15:52:37 GMT -8
Yeah, that sounds like a wash sale to me as well, as it doesn't matter if you're changing expiration/strikes, underlying is still the same. I haven't found anyone that can definitively answer it one way or the other. Just did some research. For us Canadians s. 54 of the ITA defines a “superficial lossâ€, which is substantially the same thing as the US wash sale. The loss is denied for this year but the cost basis is adjusted; thereby carrying the loss forward. Damn, I gotta pay more tax this year
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Post by lovemyipad on Dec 18, 2012 15:59:40 GMT -8
Agree. Amazon's weakness is that it is easy to replicate - you can clone a rival with a huge capital investment, and no patents or talent required, and no deep brand loyalty to contend with. Capital (at this level, with these stakes) is the lowest barrier to entry. As soon as Amazon increases its margins, physical shops, resellers, and massively funded clones will all take back revenue. It's still a great company, just a stupidly priced share. Amazon's massive consumer database wouldn't be easy to replicate -- they know quite a lot about their customers based on what they read, non-book purchases, etc.
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Post by lovemyipad on Dec 18, 2012 16:10:21 GMT -8
So....one of those pesky gap up opens. C'mon, gap 'n' go! .25c now that just makes me very mad. (...) Pissed me off too. .25 more, and I wouldn't have to contemplate finding a good therapist for my paranoia should we race to 700+ without filling that %^&$!# gap. Not all gaps are filled. Not all gaps are filled. Not all gaps are filled. (Just practicing.)
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Post by Red Shirted Ensign on Dec 18, 2012 16:15:42 GMT -8
.25c now that just makes me very mad. (...) Pissed me off too. .25 more, and I wouldn't have to contemplate find a good therapist for my paranoia should we race to 700+ without filling that %^&$!# gap. Not all gaps are filled. Not all gaps are filled. Not all gaps are filled. (Just practicing.) Yes...that gap back at 426 or so will NEVER be filled.....
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