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Post by Deleted on Apr 29, 2013 16:56:47 GMT -8
O.K.....When Mace, AppleDoc, Mav and Lovey all declare: The Bottom Is In.......  I'm going out and parrrrty.......... Mercel, I know a place.......  I'll request the same table dancer waitress. Watch out for Facebook tomorrow -- study just released (AH?) says it lost 6M U.S. visitors in just ONE month. I just want FB to go away -- I'm tired of all the gatekeeping I see that FB is attempting across the internet and the hubris of the Zuck. MySpace redux? |
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Post by appledoc on Apr 29, 2013 17:20:35 GMT -8
Facebook out the gate was much better than MySpace ever was. Still like Twitter's potential more than FB though.
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Post by prazan on Apr 29, 2013 17:21:21 GMT -8
Lovemyipad, thanks for the charts. They're enlightening. I'll be happy when we make a series of higher lows.
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Post by terps530 on Apr 29, 2013 18:33:13 GMT -8
O.K.....When Mace, AppleDoc, Mav and Lovey all declare: The Bottom Is In....... I'm going out and parrrrty.......... Mercel, I know a place....... AND Melissa Lee joined twitter and her first tweet 4 hours ago was to declare that she does not hate aapl. Is this just coincidence, or is this the ultimate sign of a bottom?! hahaha twitter.com/MelissaLeeCNBC |
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Post by Deleted on Apr 29, 2013 19:10:02 GMT -8
O.K.....When Mace, AppleDoc, Mav and Lovey all declare: The Bottom Is In....... I'm going out and parrrrty.......... Mercel, I know a place....... AND Melissa Lee joined twitter and her first tweet 4 hours ago was to declare that she does not hate aapl. Is this just coincidence, or is this the ultimate sign of a bottom?! hahaha twitter.com/MelissaLeeCNBCShe doesn't have to hate Apple to be uniformly skeptical, cynical and negative with her coverage. Her reporting is unbalanced and biased. Period. |
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Post by Deleted on Apr 29, 2013 19:36:07 GMT -8
O.K.....When Mace, AppleDoc, Mav and Lovey all declare: The Bottom Is In....... I'm going out and parrrrty.......... Mercel, I know a place....... AND Melissa Lee joined twitter and her first tweet 4 hours ago was to declare that she does not hate aapl. Is this just coincidence, or is this the ultimate sign of a bottom?! hahaha twitter.com/MelissaLeeCNBChmmm, first tweet, and she's defending her reporting of Apple. Must be a message in there somewhere. |
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Mav
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Post by Mav on Apr 29, 2013 19:37:36 GMT -8
Surrre anti-Apple pundits, bloggers and reporters don't hate Apple. Surrrrrrre. We're not out of the woods yet (ever?), but things are looking up. I'm happy my OTM butterflies are doing some decent work so far. If key levels _hold_ I may finally, FINALLY start adding - though given how beat up I've been, either despite or IN spite of me trying to pick up technicals  , it'll be a little cautious by my standards. |
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Post by Deleted on Apr 29, 2013 19:42:42 GMT -8
Up $13.00 I don't think anyone will argue but that AAPL was in "Strength" mode today.
On today's Selling on Strength list, AAPL was missing in action. Yippee.
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Post by Deleted on Apr 29, 2013 20:20:02 GMT -8
AAPL is UP $45 (more than 10% off bottom) since dropping to $385 just 7 trading days ago.
With today's trading action (UP another $13), and I was a Short knowing that Apple is buying its own shares, I'd be covering those shorts - NOW.
With a little time to think through the possibilities (rereading the conference call transcript helps) i'm feeling much more confident about AAPL recovering significant lost ground, despite June quarter guidance.
Think about, TC went out of his way to speak positively about post June quarter potential extending through 2014, and then you have the specter of the dividend and buyback increase. Investors buy the FUTURE.
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Post by mace on Apr 29, 2013 23:06:03 GMT -8
lovemyipad, Recall I mentioned certain structured products based on AAPL shares, below is a good explanation how this products had affected AAPL over the past few months: The large june straddle position may well be a delta neutral, long volatility position. There may not be any directional bias exposure. June could be a very volatile month for aapl. WWDC, September Qtr speculations, etc. also, there are OTC structured synthetic bonds that were issued when the stock was around 500 a year ago. Basically a CD bundled with a short put position for higher coupon. Banks offered their high net worth individuals a high yield CD unless Aapl share fell below 500, then you start losing principal. With stock at 410, these positions are deep underwater, the investment Banks who sold these to investors, may have decided to unwind the short gamma/volatility position by buying back the short gamma. The size of the trade seems inline with the size of these structured synthetic bonds issued. MS, GS, and UBS all did this last year when the stock was flying and the coupons were free money. If I had to speculate, I'd say someone unwund the position. These type of hidden short puts don't always show up on the exchange OI because they are over the counter and nonstandard. They can create "death spiral" for the stock, the more the stock falls, the more aapl they have to short to hedge, I.e, negative gamma. I believe some of the extreme aapl volatility last few months was because of these synthetic bonds hedging. If these are indeed unwund, maybe aapl trading would be a little calmer. Remember, when you sell puts or sell calls, you are helping creating volatilities. The extra yield you are getting is the reward for taking on this volatility risk. Many of Those high net worth individuals got run over by the train for a few percentage of extra coupon. |
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Mav
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Post by Mav on Apr 29, 2013 23:31:35 GMT -8
Lovemyipad, thanks for the charts. They're enlightening. I'll be happy when we make a series of higher lows. Have you been paying attention? ;D |
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, it'll be a little cautious by my standards.