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Post by bernard on Nov 15, 2012 11:19:05 GMT -8
This is like the five stages of death:
1. Denial 2. Anger 3. Bargaining 4. Depression/Grief 5. Acceptance
Probem is I cannot figure out which one I am in.
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Deleted
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Post by Deleted on Nov 15, 2012 11:24:01 GMT -8
OK, so TC talked about it several weeks ago, but my real issue is with Kass who tries to manipulate the stock market to support his own trades. He talks it down when he's short, and talks it up when he's long. Honestly, the guy needs to be in jail with a cellmate called Bubba for his blatant attempts at manipulating the market for his own personal gain. I'm very tempted to write the SEC about this, as I too am frustrated that a CNBC guest can pound the table for and against AAPL to support his trades (he was short QQQ when he released his anti-AAPL manifesto in September and being negative on CNBC thereafter). It's total B.S. and cellmate Bubba would be too good for this creep.
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Post by frqntflr on Nov 15, 2012 11:32:03 GMT -8
I agree with Mercel. Katy the conservative just rang the gong, telling everyone that the supply chain is roaring and demand is huge......This is Katy who has been the closest ot the pin (no pun intended option players) on the most recent couple of earnings WAGS. My neighborhood Apple stores are buried in interested buyers, not gawkers. My Ipad mini gets two or three people a day who say, "gotta get one of those by Christmas". We are beyond irrational here. My dividend just got reinvested and I realized again this company pays me every quarter to own this potential of 58 billion in sales and $15.00 in earnings in a few weeks time.... right now no one's looking at good news ... everyone's focusing on the bad ... with the overall market not feeling well, that just adds to the downtrend in AAPL ... and as of right now, it looks like today will continue with the trend
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Post by cambrose on Nov 15, 2012 11:36:28 GMT -8
I was wrong the other day. I can set up spreads in my RRSP account. Just traded my first ever BCS. A few JAN 14 700/800 at $12. Good test and use of my divvy payment Who is your broker? Everything I read says RRSPS can not have any short side. Are you sure it's RRSP? I want your broker!! Yes, it is my RSP account on RBC Direct Investing. Trades have filled so it looks like everything has gone through. My intraday holdings show 3 AAPL 011814 700 C and -3 AAPL 011814 800 C.
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Post by frqntflr on Nov 15, 2012 11:36:34 GMT -8
in spite of yet another gloomy day, banks are holding up pretty well
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4aapl
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Post by 4aapl on Nov 15, 2012 11:40:09 GMT -8
Glad to be fixing the roof today instead of staring at the stock. We haven't yet seen the rebound from touching the mid 520's that I would have liked to see.
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Post by podboy on Nov 15, 2012 11:46:58 GMT -8
What do you guys think of the Oct 13 515 - 520 BCS? Thinking of selling my remaining 100 common and opening up that spread. 133% ROI. Any drawbacks with such a small spread (5pts)?
THANKS!
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mark
fire starter
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Post by mark on Nov 15, 2012 11:48:21 GMT -8
i'm so sick of this. put in a stop order at 530 to sell half my common at least to get some tax benefits out of this if nothing at all. will repurchase after wash sale period. There is no wash sale period when you are taking a gain. That only applies if you are taking a loss. So it depends on what you mean by "tax benefits".
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Post by lance on Nov 15, 2012 11:52:21 GMT -8
Food for thought:
AAPL currently only up approximately 65% from Fall 2010. The EPS then was 15.15 - EPS now is 44.16. This is basically a 191% hahahahaha. Based on this relationship AAPL has to grow 2.9% to grow the stock a single %. That is terrible. If AAPL only grows say 20% this year and if it uses this approximate ratio AAPL would only grow 6% (neglecting dividend) and the rest goes to P/E compression. This stock has been on WFT sale for last few years not just the last couple months.
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Post by ibuyer on Nov 15, 2012 11:56:53 GMT -8
Not really a rumor Wheeles. I have read over the CC several times and there is a part in there where TC does talk about an accelerated repurchase. I am sure people would get out of the way if the big Apple started buying. We're talking accelerated time frame, not an increase in money that could be used to repurchase shares? TC and PO know that they can do the mother of all buybacks. They have not chosen to do so. I hope they are not worrying about something bad that we can't see. But could be as simple as they are worried about the fiscal cliff too and want to keep their powder dry. Remember, fall of 2008 and apple hit 80. The board better be up to speed and ready to act. On the plus side, the board acted before the div. On the minus, they waited until march when the stock was 600 and running up to do so. We are the die hards trying the hold down the fort - few remain and hungry/tired to boot. The cavalry will come but will it be too late? TC better think hard and long. IMHO, I think all it would take is TC and the board to put its money where its mouth is. Hell, the announcement effect could be put the floor in with only spending a little cash. BTW, my memory is fuzzy, does aapl ever comment on thanksgiving weekend sales? Remember, APPL corporate is off ALL of next week! Sorry for the rant.
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Post by terps530 on Nov 15, 2012 11:59:49 GMT -8
dumbo on cnbc talking about apples average drops since 2000 are 30% so thus he said it would go to 490ish.
30% Average drops!? can people just say anything they want!
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Post by Red Shirted Ensign on Nov 15, 2012 12:01:07 GMT -8
MSFT has a P/E of 14.4....Apple 11.9
Both pay a dividend, both are dealing in similar markets...
Which is growing faster? Which is innovative?
Why does Mr. Market seem to think otherwise?
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Post by tuffett on Nov 15, 2012 12:16:24 GMT -8
Aahhhh, right on cue. The final hour meltdown.
Our theme song:
Love is a burning thing and it makes a firery ring bound by wild desire I fell in to a ring of fire...
I fell in to a burning ring of fire I went down,down,down and the flames went higher. And it burns,burns,burns the ring of fire the ring of fire.
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Deleted
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Post by Deleted on Nov 15, 2012 12:18:35 GMT -8
I emailed Tim Cook today, requesting support for AAPL either from a split or stock repurchase.
Doing something is always better than doing nothing watching the stock, including mowing the lawn.
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Post by rob_london on Nov 15, 2012 12:24:07 GMT -8
Apparently AAPL is now only 40 points off its 5 year trend line.
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Post by alice on Nov 15, 2012 12:24:22 GMT -8
Most did not think aapl can fall ths low just a few weeks ago. If you are on margin or close to a margin call, it is wise to lighten up. Do not just assume aapl can not go lower.
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Post by neno on Nov 15, 2012 12:25:05 GMT -8
When is this madness going to stop...?
It seems like there is a huge force just selling endless number of shares, detached from any logic or common sense.
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Mav
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Post by Mav on Nov 15, 2012 12:32:01 GMT -8
I emailed Tim Cook today, requesting support for AAPL either from a split or stock repurchase. Doing something is always better than doing nothing watching the stock, including mowing the lawn. If he responds, let us know. He's probably getting a fair amount of "hate mail" over the stock price right now.
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Post by darrenhd on Nov 15, 2012 12:32:40 GMT -8
When is this madness going to stop...? It seems like there is a huge force just selling endless number of shares, detached from any logic or common sense. I have no idea, but let's assume worst case the $480 level, but at a certain point (and that point will be lightning quick) we will rebound very fast and strong to destroy the remaining shorts. At least, that is what happened in the past...so I hope history repeats itself otherwise many people will be crushed permanently.
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Post by terps530 on Nov 15, 2012 12:34:46 GMT -8
At these prices, we have broken the 'more than 25% off the highs' level. Still shocked, but this drop is hurting less I feel after the sudden 615-->550 drop. One good thing assuming we as investors survive this to trade another day: at least we are building up the stomach to handle such irrational action (and hopefully building up the skills to react and protect/de-risk for the options players). quoting myself. Nevermind drop is now hurting again... I wish I wish I wish I had money to buy here.
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Post by seabiscuit on Nov 15, 2012 12:34:51 GMT -8
I emailed Tim Cook today, requesting support for AAPL either from a split or stock repurchase. Doing something is always better than doing nothing watching the stock, including mowing the lawn. If he responds, let us know. He's probably getting a fair amount of "hate mail" over the stock price right now. Did you go thru investor relations, or do you have TCs e-mail address?
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Post by seabiscuit on Nov 15, 2012 12:36:41 GMT -8
At these prices, we have broken the 'more than 25% off the highs' level. Still shocked, but this drop is hurting less I feel after the sudden 615-->550 drop. One good thing assuming we as investors survive this to trade another day: at least we are building up the stomach to handle such irrational action (and hopefully building up the skills to react and protect/de-risk for the options players). Not much time to react on this one. One day it seemed to be holding the 200 SMA and then bingo. quoting myself. Nevermind drop is now hurting again... I wish I wish I wish I had money to buy here.
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Deleted
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Post by Deleted on Nov 15, 2012 12:37:50 GMT -8
If he responds, let us know. He's probably getting a fair amount of "hate mail" over the stock price right now. Did you go thru investor relations, or do you have TCs e-mail address? tcook@apple.com I'm sure he has a filter with someone who summarizes email sentiment for him. He's got better things to do than to reply to Apple shareholders. It seems like we're headed for $480 because so many are waiting for it.
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Post by fas550 on Nov 15, 2012 12:39:23 GMT -8
Great volume day.looking for ANOTHER capitulation. No body in the mood to buy anything. Best guess is when the market turns then so will we. Sadly a solid turn may not happen till after blackFriday. Just my .02. Hang in there
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Deleted
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Post by Deleted on Nov 15, 2012 12:39:26 GMT -8
I emailed Tim Cook today, requesting support for AAPL either from a split or stock repurchase. Doing something is always better than doing nothing watching the stock, including mowing the lawn. If he responds, let us know. He's probably getting a fair amount of "hate mail" over the stock price right now. Give me Doug Kass' email and I'll vent my hate with this manipulator. Tim isn't responsible for Wall Street chicanery, the SEC is but they're watching porn...
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Post by valere on Nov 15, 2012 12:40:20 GMT -8
I e mailed Steve , if he responds I am sure to let everyone know
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Post by seabiscuit on Nov 15, 2012 12:41:13 GMT -8
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Post by jamesq on Nov 15, 2012 12:43:33 GMT -8
I emailed Tim Cook today, requesting support for AAPL either from a split or stock repurchase. Doing something is always better than doing nothing watching the stock, including mowing the lawn. Mercel, let me play devil's advocate here. /edit I think I misinterpreted you, thinking that you favored an announcement by TC regarding share buybacks, rather than just support for silently buying back shares. You did not actually state that. I'll let the rest stand, just as food for thought. edit/ By my reading of the last of the last 10-K, the board has already signaled this. In addition to the previously announced "Accellerated Share Repurchase Program", the company "may also purchase its common stock in open market transactions." (2012 10-K page 65). If this is a correct reading of their intent, then the best interests of both Apple (the company) and their stockholders is served by simply making purchases and saying nothing about it until they are required to in the next 10-K. This may seem counter-intuitive, but any long equity holder with a strong opinion on the fundamentals and long holding period should prefer that the stock remain cheap, or even go down in value. This means that the company's efforts to repurchase will shrink share counts by a larger amount and provide more benefit to each share owner. It also allows dividend re-investment at lower basis. I believe that the company has solid fundamentals, will perform well in the future. I am long, and the last 2 months have been painful and frightening to me. (I'm down significantly from the peak). Since I have no intention of selling the majority of my shares in the next 3 years, I stand to do better in the long run by owning a larger share of future cash flows than I currently own. This goal is better served if Tim Cook takes advantage of bargains rather than preventing them.
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Post by rosie on Nov 15, 2012 12:45:23 GMT -8
I emailed Tim Cook today, requesting support for AAPL either from a split or stock repurchase. Doing something is always better than doing nothing watching the stock, including mowing the lawn. a lot of folks over at the AAPL Trading Forum emailed investor relations yesterday asking for some kind of statement about product sales. if you go over to the Trading Forum pls. take note of their appreciation of Lovey's charts! They are completely in awe of her .
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Post by wheeles on Nov 15, 2012 12:45:51 GMT -8
I e mailed Steve , if he responds I am sure to let everyone know Better let the National Enquirer know too.
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