Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 2, 2016 3:25:32 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 2, 2016 4:27:56 GMT -8
Ted Olson, Apple's outside lawyer, will be on Bloomberg at 9:30.
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Post by incorrigible on Mar 2, 2016 5:40:30 GMT -8
That's like saying: "We don't want the key to your house, just disable the alarm so we can break in ourselves." :/ As always, thanks for your efforts Since84. Much appreciate the morning threads.
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Post by rickag on Mar 2, 2016 6:04:45 GMT -8
AG Lynch is lying and she knows it. Uploading new firmware so a new IOS can be uploaded is by definition "BREAKING INTO THE PHONE". She is deliberately obfuscating the issue, the more the FBI & DOJ say the less I trust them.
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Post by artman1033 on Mar 2, 2016 6:50:33 GMT -8
Over 5 hours of testimony from vs. FBI yesterday.
My observations:
1) NOTHING that an iPhone owner stores in the cloud is SAFE.
2) the NSA knows how to remove encryption. ONE needs to copy the hard drive of the iPhone to make 100s to 1000s of copies. Then the NSA will try different passwords until successful. BUT the NSA will not share this technique with the FBI and other law enforcement because the technique would become KNOWN in court.
3) encryption available "overseas" is much harder to remove.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 2, 2016 9:03:52 GMT -8
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Post by rickag on Mar 2, 2016 10:28:14 GMT -8
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Post by ericinaustin on Mar 2, 2016 11:37:23 GMT -8
The issue is coming to a head now I think because of something apple is doing with recent and upcoming updates. I believe within the next 6 months or so Apple will be finalizing encryption on both ends so that even if Apple wanted to , they could not update with a hacked operating system to disable the data wipe after so many failed log in attempts. What apple is saying is that shortly they will have no way to see inside a persons phone with out the owners password. This will change everything and is understandably making our government and foreign governments nervous. Ultimately , the decision that we need to make as a country revolves around risk benefit issues. Do we allow people to be able to buy and use unbreakable encryption. No police force, intelligence , agency, or judicial branch will be able to get into a persons encryption unless that person gives permission or is legally compelled.
I happen to come down on the Tim Cook , Apple side of the argument in that I feel that the benefits of secure encryption for everyone greatly outweigh the increased security risks that we will be asked to bare. It is a subtle argument to make and difficult to make it when the examples that the government uses to make their case scare people or at least concern people as much as terrorists do. I love my country and generally trust my government but this sets a precedent for the future. The governments that may come when I am gone and my kids and their children are here may not be nearly so trustworthy. This was an decision that we were going to have to face soon anyway and Im glad Apple has decided to push it to the forefront.
Not to make a political statement ( in fact it just happens to be republican here but the democrats generally came down on the same side.) but we had a taste of this issue with the torture of 9/11 conspirators . Can we justify torture of a human being ( waterboarding being torture without question) if it might help catch terrorists? If we allow this then we become a different kind of society that is ultimately less safe and just. We just have to decide how safe we want to be and how many freedoms we are willing to permanently give away to get it.
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Post by mrentropy on Mar 2, 2016 13:47:13 GMT -8
Back to investing: we held 100. I think a WV pattern is in play. I've seen technicians looking for 105 in the short term. I picked up a few front month calls to see where this goes.
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Post by macwire on Mar 2, 2016 15:27:43 GMT -8
hello, daily aapl chart here nice rounding action here (cup) now I would like to see it flag here or slightly higher...room to R2 possible R3 then needs a breather before it attempts to take out the downtrend since July high which should also coincide with the 200MA... Will need general market to cooperate Take note - the 50/200MA are still sloping DOWN...so the medium and longer term trend is STILL DOWN. Trade carefully. Stop at the 50MA. Trade em well. General market may NOT let the 200MA test happen...we will see...market (spx, comp...)needs back and through the 200ma and a hold and flag over to possibly put the bear market thesis on ice with a stake through its heart. Price will reveal the way.
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Post by phoebear611 on Mar 2, 2016 16:21:12 GMT -8
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Post by Zeke on Mar 2, 2016 18:57:47 GMT -8
Is that an inverted head and shoulders I see on the chart today? I missed a bunch of Jan 2017 $130 calls yesterday at $1.46 because I set my limit price too low. AAPL opened above me and those $130 LEAPs jumped to $1.70. Regrouping now.
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mark
fire starter
Posts: 1,552
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Post by mark on Mar 2, 2016 21:38:20 GMT -8
I picked up a few more Jan '18 calls to add to my positions today.
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