Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 28, 2015 2:28:34 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 28, 2015 2:34:32 GMT -8
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Post by rickag on Aug 28, 2015 5:09:39 GMT -8
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Post by nagrani on Aug 28, 2015 5:25:00 GMT -8
Smells like a bear trap. Let's see how today plays out
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 28, 2015 5:50:20 GMT -8
Hope you're right Nagrani.
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Post by gtrplyr on Aug 28, 2015 5:51:04 GMT -8
With the Shanghi up that much I'm not sure I would want to be short this market.
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Post by rickag on Aug 28, 2015 5:52:35 GMT -8
Well I sold 316 shares of the 350 I bought, so ended up with an extra 34 shares basically for free.
Chickened out, to bring my cash back up for any downturn in the overall market. I fully expect a significant downturn in the market in the next few months.
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Post by Red Shirted Ensign on Aug 28, 2015 7:29:53 GMT -8
We are Green.....and moving along. Twenty-one million shares in teh first two hours seems almost paltry after this week...but lets see sellers hold out for higher prices and move this price upward in a nice orderly manner.
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Post by rickag on Aug 28, 2015 7:32:44 GMT -8
We are Green.....and moving along. Twenty-one million shares in teh first two hours seems almost paltry after this week...but lets see sellers hold out for higher prices and move this price upward in a nice orderly manner. You can thank me later, seems like my selling spurred the evil overlords to screw me. I swear it is an international conspiracy, and I forgot to wear my tinfoil hat.
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Post by rickag on Aug 28, 2015 10:09:54 GMT -8
Where is everybody?
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Post by Lstream on Aug 28, 2015 10:19:46 GMT -8
If they are like me, fading away due to the never ending political posts.
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Post by rickag on Aug 28, 2015 10:38:10 GMT -8
If they are like me, fading away due to the never ending political posts. I guess. A simple ," meet me in the dungeon" response might work.
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Aug 28, 2015 10:38:48 GMT -8
Bing bing bong bong bing bing bing
#trolling
AAPL holding in impressively well from 92 lows. heheh. I know nothing, but chart is sloooowly catching up to the fundamentals. Bears currently in fear of any reversal patterns, in part because of the exaggerated selloff to 92 creating a TON of potential energy.
OTOH, this looks like it's worth keeping an eye on, if for no other reason than self-fulfilling prophecy technicals bullcrap. (If I had to guess, the horizontal-ish orange line is more "important")
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Post by Red Shirted Ensign on Aug 28, 2015 10:43:49 GMT -8
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Post by mace on Aug 28, 2015 11:33:10 GMT -8
Well I sold 316 shares of the 350 I bought, so ended up with an extra 34 shares basically for free. Chickened out, to bring my cash back up for any downturn in the overall market. I fully expect a significant downturn in the market in the next few months. Few months is eternity.
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4aapl
Moderator
Posts: 3,649
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Post by 4aapl on Aug 28, 2015 11:53:57 GMT -8
Well I sold 316 shares of the 350 I bought, so ended up with an extra 34 shares basically for free. Chickened out, to bring my cash back up for any downturn in the overall market. I fully expect a significant downturn in the market in the next few months. Few months is eternity. I wasn't there, but a friend on Tuesday was saying how he got at least partly out of the market a month ago. Then another said his advisors got him out a year ago. A year ago? I don't know what they were in, but (using the S&P500 index) if the one who sold a month ago got in today, he'd be about 6% ahead. It's unlikely he got back in earlier this week, and I wouldn't be surprised to hear him wait another month for things to settle down, which would likely make that a 3% to 0% "gain". That can still be a good thing if it helps you sleep at night. Or if you were borrowing a lot, and thus it even kept you from getting a margin call and being forced out at the bottom. Those are both great reasons, among a lot of others. But in general, the money is going to lose value if just sitting idle. And on the year, it all depends on what that means. But if we go with partway back from the dip 10 months ago, maybe they sold out at 1950, vs 1977 today. So negative, and even moreso if their cash sat idle while inflation continued. Personally I'm more of the mindset of keeping it all invested. Moving things around can make it more or less risky, but on average over time the markets have gone up. But maybe I just read one too many of TMF's "20 best investing days" ages ago. So make small changes, which I think is that Rickag is doing. Or another way to do it is go slightly into cash vs slightly into margin for your "risk off vs risk on" type thing. But all the way into cash....I just don't get that unless you're really focused and will get back in before too much recovery happens. BTW, anyone have a preferred S&P500 index to buy options in? I used spy before, but it's a US type so the short side on a spread can be called away early....and it was. CBOE lists a few (http://www.cboe.com/micro/spx/introduction.aspx) like SPX that is European exercise, though Yahoo wasn't liking to pull up quotes for it. On several others it looked like the bid/ask spread was high. And OI is tiny when used to AAPL. larger OI should make those spreads smaller. Does anyone have a suggestion of one they have used? Thanks!
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Post by nagrani on Aug 28, 2015 12:01:23 GMT -8
Please join me in saying have a great weekend to the Bears!!!
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Post by Red Shirted Ensign on Aug 28, 2015 12:01:53 GMT -8
Nice close....I guess its o.k. to hold this stock over the weekend and into a "quiet" last week of summer....
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 28, 2015 12:17:56 GMT -8
I'l take a GREEN close any day.
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Post by rickag on Aug 28, 2015 13:19:17 GMT -8
Well I sold 316 shares of the 350 I bought, so ended up with an extra 34 shares basically for free. Chickened out, to bring my cash back up for any downturn in the overall market. I fully expect a significant downturn in the market in the next few months. Few months is eternity. I didn'tt explain very well. I am not a trader. Maybe one day I'll start trading, not yet though. I had about 6% cash in my retirement account for what I expect to be a large down draft in the market that has yet to occur. I suspect AAPL will be affected but not to the extent the rest of the market. I used a portion of that on the silly crash in AAPL. I was/am overweight AAPL already but couldn't resist adding. Ultimately, I took profits from this silliness to add 34 freebies to my core AAPL holdings and brought my cash back to 6%.
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4aapl
Moderator
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Post by 4aapl on Aug 28, 2015 13:34:13 GMT -8
I had about 6% cash in my retirement account for what I expect to be a large down draft in the market that has yet to occur. I suspect AAPL will be affected but not to the extent the rest of the market. I used a portion of that on the silly crash in AAPL. I was/am overweight AAPL already but couldn't resist adding. Ultimately, I took profits from this silliness to add 34 freebies to my core AAPL holdings and brought my cash back to 6%. Yep, that's what I thought you did. Good job! Those freebies are similar to the straight calls to spreads that some people used to get into. Say instead of buying a 110-120 now, they'd just buy the 110 on a dip. And then, if things went in their favor, they could write the 120 against it at a future date, for the same price they paid. Their total cost was now $0, and they had a pretty good chance of making their $10 each at expiration. There's downsides. But when it works, it's hard to argue with......especially coming from where I was this week, just sitting on my hands. 34 "free" shares is a whole lot better than that
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Post by rickag on Aug 28, 2015 14:24:22 GMT -8
Mace & 4aapl
Thank you for your responses.
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