chinacat
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Post by chinacat on Nov 21, 2019 6:42:07 GMT -8
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Post by firestorm on Nov 21, 2019 7:04:43 GMT -8
Careful: that last one may get you in trouble with the true believers.
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Nov 21, 2019 7:27:37 GMT -8
Careful: that last one may get you in trouble with the true believers. Just passing along info from Mr. DeWitt.
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Post by macster on Nov 21, 2019 7:32:36 GMT -8
Careful: that last one may get you in trouble with the true believers. Non-political post. The defense must cross examine. Anyone with a brain firestorm, knows what he meant unless there is a room in your gray matter to color it the way you want others to see it.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Nov 21, 2019 7:42:26 GMT -8
Careful: that last one may get you in trouble with the true believers. Non-political post. The defense must cross examine. Anyone with a brain firestorm, knows what he meant unless there is a room in your gray matter to color it the way you want others to see it.
it's not political, but it is insulting of a forum member and troll-y... 'anyone with a brain' implies exactly what you meant by it...
i know it's testy times (for your dear leader in wh) but there's other threads to relieve your urge... thanks
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Nov 21, 2019 7:44:12 GMT -8
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Nov 21, 2019 7:58:10 GMT -8
tim cook is an amazing ceo... and a defender of shareholder interests
who woulda thunk out of all those posers in the business council meeting (remember elon musk in the room? and like 20 other people) tim cook would be the one to set aside his disagreements and work with trump
one very happy shareholder and trader here, up 3x on my main positions ytd...
thank you Tim and thank you apple!
edit: removed gentle ribbing of the president that might trigger people... yadda-yadda-yadda
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Nov 21, 2019 8:35:54 GMT -8
tim cook would be the one to set aside his disagreements and work with the devil greatest president in history on behalf of shareholders? While fun ribbing works with some, especially if everyone is reading it with the same fun kidding around attitude, it gets others worked up quickly. Do we really need the sided adjectives? Though I am tempted to move a few posts today elsewhere, I don't want to bother. I'm sure, with little extra effort, that we can avoid the slanted comments, or save them for the Dungeon. It looks active over there. I'm happy Tim is on good terms with the President, and working with him where he can, while continuing to give pushback on areas that they disagree. That's the ideal that you would expect, from any CEO, with any President. But Tim stepped up and is actually doing it...even if there is some showboating, as seems to be more often the case in politics, since forever.
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4aapl
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Posts: 3,632
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Post by 4aapl on Nov 21, 2019 8:47:44 GMT -8
Qualcomm President: By 2020 'all major carriers will have 5G' "the successor to our current 4G LTE wireless networks will be up and running in all metropolitan areas by next year". But reading on, 4G is not yet in some rural places, and 5G requires a higher density of towers, especially for the highest data speeds. Personally, we still have some dead spots, both out on the trails and within Raleys, and a call with my wife was dropped yesterday while we were both here in town. As an aside, I have a friend that works for SpaceX, where one of their projects is low orbit mini-sattelites for high speed internet. It's pricey so far, so their mainly looking at small companies and such (say construction in a rural area) and some big players like airlines. The antennae is small and light, on the order of an empty pizza box in 2d size and weight. Latency is low, in his words, saying the gaming still worked well. Anyways, it's just good to keep on top of what is out there.
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Post by dreamRaj on Nov 21, 2019 8:57:18 GMT -8
Is it time to BTFD?
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Post by gtrplyr on Nov 21, 2019 8:59:48 GMT -8
Careful: that last one may get you in trouble with the true believers. Non-political post. The defense must cross examine. Anyone with a brain firestorm, knows what he meant unless there is a room in your gray matter to color it the way you want others to see it. What he meant was crystal clear. After Trump departed the factory, he tweeted, “Today I opened a major Apple Manufacturing plant in Texas that will bring high paying jobs back" It's totally disingenuous and misleading as he had nothing to do with the "opening" of the plant. Apple enthusiasts know this but most people do not and therefore the statement can be taken only one way. Cheers to the longs.
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ems
Member
Posts: 97
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Post by ems on Nov 21, 2019 9:09:22 GMT -8
Everyone in general knows to take nothing from drumpf @ face value, since it's almost all lies. Tim is playing the long con, good for him and us and the stock, and very diplomatic about it. He's holding his nose and getting the job done.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Nov 21, 2019 9:20:10 GMT -8
While fun ribbing works with some, especially if everyone is reading it with the same fun kidding around attitude, it gets others worked up quickly. Do we really need the sided adjectives? ok fair enough i edited the post... that said... again getting a creeping feeling recently of this place becoming a one-sided echo chamber... but fine, AAPL escaped the shackles of trade war's depressive effect on equities in the recent months, so can't bother to argue
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Post by macster on Nov 21, 2019 9:41:05 GMT -8
Non-political post. The defense must cross examine. Anyone with a brain firestorm, knows what he meant unless there is a room in your gray matter to color it the way you want others to see it. What he meant was crystal clear. After Trump departed the factory, he tweeted, “Today I opened a major Apple Manufacturing plant in Texas that will bring high paying jobs back" It's totally disingenuous and misleading as he had nothing to do with the "opening" of the plant. Apple enthusiasts know this but most people do not and therefore the statement can be taken only one way. Cheers to the longs. He relaxed or eliminated tariffs on foreign parts to assemble those Macs per request from Tm Apple. Remember Apple did threaten to move production elsewhere. Let’s be fair minded. He did have a hand in that factory. Again “I opened” meaning today as President I. I. Had opened. Announced. Helped. With that plant. And yes Mr Trump you shouldn’t have riled up the left. Saying I. I opened it.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Nov 21, 2019 10:05:03 GMT -8
that said... again getting a creeping feeling recently of this place becoming a one-sided echo chamber... but fine, AAPL escaped the shackles of trade war's depressive effect on equities in the recent months, so can't bother to argue Is the worry about being a one-sided echo chamber for a non-AAPL political preference? I thought we had all done a good job of minimizing politics in the daily thread for the last month+. OTOH, a political forum or echo chamber is not what I am worried about, nor why I come here. Instead, I'd be worried about the potential of a one-sided echo chamber on AAPL, specifically the Bullish side. There are many times in the past where "we", being AAPL investors in general, have been blindsided by a 10-50% downturn. Personally, I don't want that to happen to me again, even if I choose to keep most of my bullish positions. When I checked just now, after a few pullback days, AAPL's RSI (at 262.04) was 66.66. So it's pulled back from touching the 80's. And SPY has backed off a bit, now at 67. One scenario I could see is things digesting a bit this week, then another week to 3 weeks of positiveness, depending on the black friday numbers. And then a small pullback to end the year, unless consumer sales are huge or a big trade war resolution is made. It probably won't happen quite like that, but sometimes it's good to have some stories in mind, even if not making big bets or adjustments based on them.
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Post by gtrplyr on Nov 21, 2019 10:38:13 GMT -8
What he meant was crystal clear. After Trump departed the factory, he tweeted, “Today I opened a major Apple Manufacturing plant in Texas that will bring high paying jobs back" It's totally disingenuous and misleading as he had nothing to do with the "opening" of the plant. Apple enthusiasts know this but most people do not and therefore the statement can be taken only one way. Cheers to the longs. He relaxed or eliminated tariffs on foreign parts to assemble those Macs per request from Tm Apple. Remember Apple did threaten to move production elsewhere. Let’s be fair minded. He did have a hand in that factory. Again “I opened” meaning today as President I. I. Had opened. Announced. Helped. With that plant. And yes Mr Trump you shouldn’t have riled up the left. Saying I. I opened it. Stop defending the lie. .... pretty please ... with sugar on top
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Post by Luckychoices on Nov 21, 2019 10:52:23 GMT -8
He relaxed or eliminated tariffs on foreign parts to assemble those Macs per request from Tm Apple. Remember Apple did threaten to move production elsewhere. Let’s be fair minded. He did have a hand in that factory. Again “I opened” meaning today as President I. I. Had opened. Announced. Helped. With that plant. And yes Mr Trump you shouldn’t have riled up the left. Saying I. I opened it. Stop defending the lie. .... pretty please ... with sugar on top Not my words, macster...sorry...straight from Apple News: Trump is lying about the ‘new’ ‘Apple’ factory It is neither new nor an Apple factory
Read in The Verge: Trump is lying about the ‘new’ ‘Apple’ factoryIn advance of Trump’s factory tour today, I took a look at the strange relationship that’s developed between Tim Cook and Donald Trump over the past three years. One of the things that popped up was one specific story that Trump would tell about Apple, in rally after rally and meeting after meeting. The idea was that Trump had somehow induced the company to build a new factory in the US, through some combination of tax cuts and trade policy, which was both very politically useful and also very much not true.
Today, perhaps not surprisingly, he told the lie again.
“We’re seeing the beginning of a very powerful and important plant,” Trump said at the factory. “Anybody that followed my campaign, I would always talk about Apple, that I want to see Apple building plants in the United States. And that’s what’s happening.”
This is not true for a couple reasons — one of them nitpicky and one of them a lot more serious. The nitpicky problem is that Apple isn’t actually building a manufacturing plant. The company is building a new campus in Austin, but it’s miles away from the factory and the jobs are going to be very similar to the kind of white-collar design and engineering work that Apple does in Cupertino. Apple doesn’t do its own manufacturing, and the plant Trump is standing in belongs to a contractor called Flex Ltd (formerly Flextronics).
THE FACTORY TRUMP CLAIMS HE “OPENED” WAS OPENED UNDER OBAMA But the bigger problem is that what Flex is doing isn’t anything new. This particular factory has been manufacturing Mac Pros since 2013, when Cook first announced it would assemble them in the United States. That’s before Trump took office. So the idea that we’re seeing the beginning of something, or that Trump has done something during his presidency to bring about this particular instance of US manufacturing, just doesn’t hold water.
Trump is talking as if Apple has created a brand-new factory in Texas to build Mac Pros. If all you saw was a five-second clip on the news, that’s probably the impression you would get — but it just isn’t true.
People often get very worked up about whether a politician is technically “lying” when they say something that isn’t true, or if they’ve just stumbled into falsehood as if accidentally falling off a chair. But when you say the same false thing over and over again for a year and a half, it’s hard to call it anything else.
Speaking of which, Trump just aired the lie on Twitter as well:
Donald J. Trump ✔ @realdonaldtrump Today I opened a major Apple Manufacturing plant in Texas that will bring high paying jobs back to America. Today Nancy Pelosi closed Congress because she doesn’t care about American Workers!
125K 3:18 PM - Nov 20, 2019 Twitter Ads info and privacy 69.9K people are talking about this
Things actually get worse if you keep watching. Later in the video, Trump takes back the mic for a quick aside on how his tariff policy has benefited the factory.
“The nice part is, he doesn’t have to worry about tariffs,” Trump says. “When you build it here, you don’t have to worry about tariffs.”
This is also not true.
APPLE DOESN’T PAY TARIFFS ON IPHONES AND MACBOOKS ASSEMBLED IN CHINA — BUT IT DOES ON MACS BUILT IN THE US In fact, Apple is currently paying tariffs on a number of Mac Pro parts, which must be imported from China to Texas before the final device can be assembled. (Ten of Apple’s requested tariff exemptions were issued earlier this year, but five others were denied, including taxes on the cooling system, charging cable, and various circuit boards.) Because Trump’s current array of tariffs are levied on components but not finished devices, Apple actually doesn’t pay tariffs on the iPhones and MacBooks that are assembled in China.
The net effect is a tax on electronics assembled in the US. It’s more expensive to assemble Mac Pros in the US, not just because of labor and production costs, but explicitly because of the tariffs Trump has placed on intermediary goods. Apple even briefly flirted with moving Mac Pro production back to China, as a way of driving home the cost of those tariffs, although the company ultimately backed down.
The structure of those taxes could change in the future, and a tariff on phones and other electronics has already been formally proposed, although it keeps getting delayed. On the other hand, talks with China could be so productive that earlier rounds of tariffs are lifted completely. With that much uncertainty, it’s hard for anyone to be sure about the best way to arrange a supply chain.
But the result is an alarming level of falsehood even by Trump standards. He claimed to have brought Apple manufacturing to the United States while standing in a factory that had already been building Apple products for six years, and one that had nearly lost the gig — not benefited — because of Trump’s trade policy.
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Post by Luckychoices on Nov 21, 2019 11:04:16 GMT -8
What he meant was crystal clear. After Trump departed the factory, he tweeted, “Today I opened a major Apple Manufacturing plant in Texas that will bring high paying jobs back" It's totally disingenuous and misleading as he had nothing to do with the "opening" of the plant. Apple enthusiasts know this but most people do not and therefore the statement can be taken only one way. Cheers to the longs. He relaxed or eliminated tariffs on foreign parts to assemble those Macs per request from Tm Apple. Remember Apple did threaten to move production elsewhere. Let’s be fair minded. He did have a hand in that factory. Again “I opened” meaning today as President I. I. Had opened. Announced. Helped. With that plant. And yes Mr Trump you shouldn’t have riled up the left. Saying I. I opened it. Absolutely not true. None of it. Trump is lying about the ‘new’ ‘Apple’ factory
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Nov 21, 2019 11:33:56 GMT -8
Non-political post. The defense must cross examine. Anyone with a brain firestorm, knows what he meant unless there is a room in your gray matter to color it the way you want others to see it. What he meant was crystal clear. After Trump departed the factory, he tweeted, “Today I opened a major Apple Manufacturing plant in Texas that will bring high paying jobs back" It's totally disingenuous and misleading as he had nothing to do with the "opening" of the plant. Apple enthusiasts know this but most people do not and therefore the statement can be taken only one way. 🐂💩. Tim wouldn’t have had him there if there was zero nexus. It’s not like liberal Austin Apple employees are thrilled to have the President there. So why would Tim invite him? DJT has been pressuring Apple to build and hire in the US if they want special exemptions from the tariffs. This was Tim saying, “see, we still hire US workers like you have been pressuring us to do.” To suggest that this Austin expansion was done for purely financial reasons is ludicrous. I view it in the same light as their housing initiative, ie, it was done for optics and goodwill. You libs are such haters you just can’t be happy that Apple’s CEO has a good relationship with the sitting President. Half the country voted for him, and a lot of those people aren’t thrilled with Apple’s politics. Seeing Trump walking around an Apple factory can only help with those millions of potential customers, not to mention tariffs and antitrust. And it shows that DJT is at least open-minded to what Tim has to say, unlike Obama, who told Apple and tech 🖕🏼 on foreign taxes for 8 years. I would have liked to have seen Obama touring an Apple factory, but of course his side of the aisle traffics in the gospel of envy and class warfare and tearing down corporate America and success. The President is using the bully pulpit to appeal to corporate America to do the right thing, just as TR did. If DJT’s tweet was unartful, we’ll just put it in the category of rhetoric, like, for instance, “you didn’t build that.” 😂 And the Verge is the one lying here. Do any of you even read headlines posted here, let alone the stories? “Apple says a new plant it will build in Austin, Texas, initially will house 5,000 employees, later growing to 15,000. The facility is expected to open in 2022” They are adding 15,000 jobs. That’s new. But Orange Man Bad so let’s attack even good news if Trump has any involvement. You should all be kissing Trump’s ring on bended knee for the BILLIONS of our money that Apple can now repatriate thanks to him signing the tax reform bill.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Nov 21, 2019 11:48:45 GMT -8
Is the worry about being a one-sided echo chamber for a non-AAPL political preference? I thought we had all done a good job of minimizing politics in the daily thread for the last month+. OTOH, a political forum or echo chamber is not what I am worried about, nor why I come here. Instead, I'd be worried about the potential of a one-sided echo chamber on AAPL, specifically the Bullish side. There are many times in the past where "we", being AAPL investors in general, have been blindsided by a 10-50% downturn. Personally, I don't want that to happen to me again, even if I choose to keep most of my bullish positions. With all due respect, I believe that we need to recognize that the outlooks of longs vs. traders here are quite different. The traders can benefit from movement in either direction, and may at times be hoping for a drop in AAPL, if only temporarily. Longs never benefit from a drop, other than as it may serve as “the pause that refreshes” or a buying opportunity. Neither group is intrinsically more deserving, but it is certainly understandable that their reactions in the short term may be quite different. I don’t expect that many of the traders here desire a long term drop, but neither should the joy that longs find in solid gains be repressed.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Nov 21, 2019 11:51:40 GMT -8
that said... again getting a creeping feeling recently of this place becoming a one-sided echo chamber... but fine, AAPL escaped the shackles of trade war's depressive effect on equities in the recent months, so can't bother to argue Is the worry about being a one-sided echo chamber for a non-AAPL political preference? I thought we had all done a good job of minimizing politics in the daily thread for the last month+. OTOH, a political forum or echo chamber is not what I am worried about, nor why I come here.
umm... yes, in fact, 4aapl... that's exactly the feeling (i wouldn't call it a 'worry' - just a sad reflection on the state of this board)
just today you have one post (from macster) basically outright insulting another forum member ('anoyone with a brain') followed by a diatrabe by jd complete with donkey shit and middle finger emoji... along with 'you libs' 🙄
...but when it's teasing 'greatest president on earth' (sarcastically) - oh noooooo, might trigger poor trump supporters here 🙄
anyway, like i said, can't be bothered... though maybe i should start posting those golden toilet seat pictures again... to restore balance in the force, y'know 🤷♂️
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Post by firestorm on Nov 21, 2019 11:55:25 GMT -8
What he meant was crystal clear. After Trump departed the factory, he tweeted, “Today I opened a major Apple Manufacturing plant in Texas that will bring high paying jobs back" It's totally disingenuous and misleading as he had nothing to do with the "opening" of the plant. Apple enthusiasts know this but most people do not and therefore the statement can be taken only one way. 🐂💩. Tim wouldn’t have had him there if there was zero nexus. It’s not like liberal Austin Apple employees are thrilled to have the President there. So why would Tim invite him? DJT has been pressuring Apple to build and hire in the US if they want special exemptions from the tariffs. This was Tim saying, “see, we still hire US workers like you have been pressuring us to do.” To suggest that this Austin expansion was done for purely financial reasons is ludicrous. I view it in the same light as their housing initiative, ie, it was done for optics and goodwill. You libs are such haters you just can’t be happy that Apple’s CEO has a good relationship with the sitting President. Half the country voted for him, and a lot of those people aren’t thrilled with Apple’s politics. Seeing Trump walking around an Apple factory can only help with those millions of potential customers, not to mention tariffs and antitrust. And it shows that DJT is at least open-minded to what Tim has to say, unlike Obama, who told Apple and tech 🖕🏼 on foreign taxes for 8 years. I would have liked to have seen Obama touring an Apple factory, but of course his side of the aisle traffics in the gospel of envy and class warfare and tearing down corporate America and success. The President is using the bully pulpit to appeal to corporate America to do the right thing, just as TR did. If DJT’s tweet was unartful, we’ll just put it in the category of rhetoric, like, for instance, “you didn’t build that.” 😂 And the Verge is the one lying here. Do any of you even read headlines posted here, let alone the stories? “Apple says a new plant it will build in Austin, Texas, initially will house 5,000 employees, later growing to 15,000. The facility is expected to open in 2022” They are adding 15,000 jobs. That’s new. But Orange Man Bad so let’s attack even good news if Trump has any involvement. You should all be kissing Trump’s ring on bended knee for the BILLIONS of our money that Apple can now repatriate thanks to him signing the tax reform bill. You will, of course, support anything that Orange Man Good says, but the 5,000 person office building in Austin is not a plant (unless Amazon's offices in Seattle are considered plants). Do you partake of the now-legal "plant" in California?
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Post by hyci004 on Nov 21, 2019 12:00:17 GMT -8
“Apple says a new plant it will build in Austin, Texas, initially will house 5,000 employees, later growing to 15,000. The facility is expected to open in 2022” They are adding 15,000 jobs. That’s new. But Orange Man Bad so let’s attack even good news if Trump has any involvement. You should all be kissing Trump’s ring on bended knee for the BILLIONS of our money that Apple can now repatriate thanks to him signing the tax reform bill. That’s not new. From last year. “Cupertino, California and Austin, Texas — Apple today announced a major expansion of its operations in Austin, including an investment of $1 billion to build a new campus in North Austin. As announced in January, the company is on track to create 20,000 jobs in the US by 2023.“ www.apple.com/newsroom/2018/12/apple-to-build-new-campus-in-austin-and-add-jobs-across-the-us/So far, Apple hasn’t repatriate any foreign profit. They will keep on issuing bonds instead of repatriating money back to the U.S.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Nov 21, 2019 12:08:09 GMT -8
probably no...
...for one, this close to ATH you should only BTFD is you sold higher... that's, like, the definition of the 'dip'
...so then it depends where you last sold... if you were skillful/lucky enough to catch $267-268 is one thing... i last trimmed at 265 so drop to 262 is not a meaningful 'dip'
...even if sold at 267... the 5-buck drop is less than 2%... noise in the large scheme of things! remember may through august when aapl would sometimes drop 5% in a day on a couple tweets from trump?
so ideally you'd be doing something like this with your trading positions: ...say you sold $x at 220, $y at 240 and $z at $260 ...if AAPL drops back to 240-245, buy $z back and wait for $260 to sell again ...if AAPL drops to 220-225, buy back $y as well... sell $y at $240 again and $z at 260 ...you shouldn't really buy back $x unless AAPL falls materially lower or your fundamental view became much more bullish
i've used something like the above successfully this year with multiple swing trades, but the past 3 months have been basically straight up... so there have been no btfd for me, just trimming at increasing prices.
YMMV/IMHO/GLTA and all that...
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Post by dreamRaj on Nov 21, 2019 12:29:28 GMT -8
probably no... ...for one, this close to ATH you should only BTFD is you sold higher... that's, like, the definition of the 'dip'
... Sorry, I wasn't clear. I was talking strictly with short-term options in mind. I had bought 50 Jan 2020 280 calls at $0.20 a while back. Sold them around $4 for ~ $19,000 profit. Those puppies are at $2.90 right now. If we fall under 260 I'll pick up some. Also want to add more to my Jun 2020 300 position.
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Post by macster on Nov 21, 2019 13:16:37 GMT -8
He relaxed or eliminated tariffs on foreign parts to assemble those Macs per request from Tm Apple. Remember Apple did threaten to move production elsewhere. Let’s be fair minded. He did have a hand in that factory. Again “I opened” meaning today as President I. I. Had opened. Announced. Helped. With that plant. And yes Mr Trump you shouldn’t have riled up the left. Saying I. I opened it. Stop defending the lie. .... pretty please ... with sugar on top I know no human being that would actually think they could get away with it or believe it if he did actually think that he opened it. Okay. It was stupid to say that he opened it, thats obvious. Its you guys or girls bitching on this intraday thread that is also so ridiculous.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Nov 21, 2019 13:26:15 GMT -8
...but when it's teasing 'greatest president on earth' (sarcastically) - oh noooooo, might trigger poor trump supporters here 🙄 Seriously? You keep bringing this up, but at the same time you know that I, Artman, and Chinacat all have different political preferences, based on the things that you have brought up in the past. You can't get much more un-sided politically than that. And yet I feel that all 3 of us have done exceptionally well at keeping our own politics out of it. No one is perfect, nor are we. But with all the crap flung around sometimes, it takes a lot of restraint to not get into it. I'm sorry you feel persecuted, but your post was the easiest one to point out, of being fairly level and on-topic but still having to put a jab in because you didn't feel like showing that same restraint. This site managed to find it's way through years of self-moderation. Numbers have dwindled for quite a while, and frankly I don't feel that actively moderation via pulling posts and banning people is the way to go as it very well pull apart the last of the critical mass we are struggling to hold on to. We, collectively, make the site what it is. But devolving days like today make me wonder why I bother coming back.
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Post by macster on Nov 21, 2019 13:42:55 GMT -8
Ok Im sorry bout my post, I got way ahead of myself. I was wrong but yes the promise of relaxed tariffs, blah blah etc. Refer to JD's post. He clearly is very articulate always.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Nov 21, 2019 14:00:16 GMT -8
probably no... ...for one, this close to ATH you should only BTFD is you sold higher... that's, like, the definition of the 'dip'
... Sorry, I wasn't clear. I was talking strictly with short-term options in mind. I had bought 50 Jan 2020 280 calls at $0.20 a while back. Sold them around $4 for ~ $19,000 profit. Those puppies are at $2.90 right now. If we fall under 260 I'll pick up some. Also want to add more to my Jun 2020 300 position.
i don't fly that high (strike price-wise)... imho the time to be aggressive with otm calls was at 142-160, not 260... the music will play until it stops
adding to an existing otm call position might be a valid strategy, but it's not a BTFD strategy... it's a levering up your long position strategy even then, i'd look at what discount you're getting from ATH, for example the june 300s seem to have topped out just above $8 recently, and now they're $6.80... you decide if a 15% discount is enticing enough on those (it isn't for me, given the total loss if aapl doesn't reach $300 in next 6 months for whatever reason... i'd want a discount of more like 50% to even consider those)
jan 280s were a bold call (pun intended) when you bought them for 20c - congrats! you must'ave bought them in early june looking at the chart - perhaps when AAPL dipped to $175 on trade fears... so it def takes some cohones to make this kind of bet, but you didn't really put much on the table ($1000 looks like)... i like to swing with bigger bets (5 figures, sometimes 6) but lower risk....
different approaches, but we're all winners so far!
s'all good, man! (speaking of which, gotta call my lawyer...)
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Post by hyci004 on Nov 21, 2019 14:06:18 GMT -8
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