Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 30, 2017 5:32:49 GMT -8
Good morning everyone.
No power this morning. Unfortunately posting links from the iPhone is tedious.
Have a great day. Let’s make money.
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Post by artman1033 on Oct 30, 2017 5:35:05 GMT -8
Daughter posts DAD's iPhone X on youtube Dad gets fired by
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Post by dmiller on Oct 30, 2017 5:48:17 GMT -8
Spiking past 165.
Too early for wheeee?
(No)
WHEEEEE.
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Post by CdnPhoto on Oct 30, 2017 5:51:33 GMT -8
Spiking past 165. Too early for wheeee? (No) WHEEEEE. New ATH!! Wheeeeee
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Post by dreamRaj on Oct 30, 2017 5:55:10 GMT -8
166.35 is the new ATH. Boy, AAPL is roaring and galloping!
All the BTFDs of the past few weeks are paying off NICELY!!
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Post by dreamRaj on Oct 30, 2017 6:00:15 GMT -8
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Post by dmiller on Oct 30, 2017 6:20:33 GMT -8
Whoops, did I say $165?. I meant $167.
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Post by artman1033 on Oct 30, 2017 6:25:03 GMT -8
AAPL ALL TIME HIGH! $168.07 All Time Highest TODAY intraday
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coma
Member
Posts: 523
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Post by coma on Oct 30, 2017 6:26:44 GMT -8
Whoops, did I say $165?. I meant $167. No soup for you . . .
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Post by dreamRaj on Oct 30, 2017 6:36:50 GMT -8
Whoops, did I say $165?. I meant $167. Typo again! You meant 168
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Post by dreamRaj on Oct 30, 2017 7:04:04 GMT -8
If this momentum even sustains here, I see us at 169 by Thursday evening. Then it's either 185 or 160. If it's the latter, it'll be short-lived because everybody and their mama knows the X will rule all of 2018.
Unless, of course, FaceID-gate or some other gate.
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Post by CdnPhoto on Oct 30, 2017 7:10:17 GMT -8
Unless, of course, FaceID-gate or some other gate. There will be some kind of "gate". There always is. The media & analysts love to attack Apple.
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Post by dreamRaj on Oct 30, 2017 8:10:07 GMT -8
Unless, of course, FaceID-gate or some other gate. There will be some kind of "gate". There always is. The media & analysts love to attack Apple. Speaking of media attacking Apple... Apple Is Facing a Double StandardWhat's in the article is not something we AAPLers don't know but we can only wish that other companies also get judged by the same high standard as Apple. Or at least that Apple gets criticized less.
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Post by dreamRaj on Oct 30, 2017 8:21:08 GMT -8
Speed bumps courtesy of Dow!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,433
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Post by chinacat on Oct 30, 2017 9:34:15 GMT -8
Today's move by AAPL is particularly impressive given what the rest of the market is doing, presumably driven by the Manafort indictment and concerns about what comes next.
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ono
Member
compensation
Posts: 552
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Post by ono on Oct 30, 2017 11:11:01 GMT -8
An All Time High, and now this... What a day!
The new iOS 11.2 beta, addresses a Calculator animation issue
In all versions of iOS 11 prior to iOS 11.2, a calculator animation causes some symbols to be ignored when entered in rapid succession. As an example, if you tap 1+2+3 and then hit the equals sign quickly, animation lag is likely to case the result to be 24 instead of 6.
With the iOS 11.2 beta, Apple has removed the animations from the calculator app, so calculations can be conducted rapidly with no need to pause between entering numbers to obtain the correct result.
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Post by macster on Oct 30, 2017 11:33:24 GMT -8
Today's move by AAPL is particularly impressive given what the rest of the market is doing, presumably driven by the Manafort indictment and concerns about what comes next. Actually its been reported that the market more likely is reacting to the newest Tax bill rumor that corporate tax cuts may be implemented in stages over years instead of off the bat (baseball lingo). We all know that Manafort's short tenure as a Campaign mgr for 5 months till August 2016 overseeing electors has nothing to do with his alleged crimes from 2005 to 2015.
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Post by Luckychoices on Oct 30, 2017 12:00:54 GMT -8
Today's move by AAPL is particularly impressive given what the rest of the market is doing, presumably driven by the Manafort indictment and concerns about *what comes next*. *We all know* that Manafort's short tenure as a Campaign mgr for 5 months till August 2016 overseeing electors has nothing to do with his alleged crimes from 2005 to 2015. Hmm. Interesting phrase and commentary. Perhaps, as chinacat posted, the market is only concerned about "what comes next".
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Oct 30, 2017 12:05:19 GMT -8
Weeeee! And dad should have been fired just for subjecting us to his snowflake's music. I'm ordering a X very soon.
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Post by artman1033 on Oct 30, 2017 12:07:46 GMT -8
AAPL ALL TIME HIGH!$168.07All Time Highest TODAY intraday! $166.72All Time Highest Close TODAY! 43,986,355 shares traded today AAPL CLOSES AT ALL TIME HIGH CLOSE $166.72aaplinvestors.net/stats/rank/AAPL market CAP. 860.94 BILLION AAPL ALL TIME HIGH market CAP. 869.94 BILLION INTRADAY TODAY
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Post by macster on Oct 30, 2017 12:29:54 GMT -8
*We all know* that Manafort's short tenure as a Campaign mgr for 5 months till August 2016 overseeing electors has nothing to do with his alleged crimes from 2005 to 2015. Hmm. Interesting phrase and commentary. Perhaps, as chinacat posted, the market is only concerned about "what comes next". Yes I understand but the object is "presumably"and the subject in "Manafort" (correction: or vice versa... duh) in the sentence that chinacat posted... and *you should know* that Manafort's short tenure as a Campaign mgr for 5 months till August 2016 overseeing electors his crimes have nothing to do with the Trump Campaign and its true that corporate Tax cuts may be phased in against the wishes of the President. This is a big deal to the market somewhat.
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Post by macster on Oct 30, 2017 13:00:17 GMT -8
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Post by dreamRaj on Oct 30, 2017 13:20:06 GMT -8
Hopefully a few nice pro reviews of the X come out tomorrow.
Also, chatter in the rumor sites is that the lines at Apple stores should be starting tomorrow or the day after.
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4aapl
Moderator
Posts: 3,679
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Post by 4aapl on Oct 30, 2017 13:22:32 GMT -8
Crazy covered call options thoughts, continuing from Bud on Friday:
First off, there's 100k of open interest on Jan 170 calls right now, and more in the strikes above that. That looks like the big mark. Just mentioning it, because if it sticks around, I could see that being enough to cause things to make the stock move, around then.
Looking back at the 5 year history, AAPL was at 83 in Nov 2012 (all from Yahoo's charts). That's a double in 5 years, or roughly 15% annualized gains.
If you pick and choose instead, the 4 years ago mark was 79, giving a 20% annualized gain. While I expect AAPL to continue having some years better than others, I'd expect the next 5 years to also average out to 15% annualized gains. So for a covered call strategy that is priced about right, where you might sell off some of your potential gains, but likely do about right, I'd look at strikes that are 15-20% annualized above the current price.
Looking at Jan 2019, that would be a strike of 200, which currently has an ask of 7.50. Annualized, that premium is 3.5% from today's ~167. Add in a ~1.5% dividend, and you're looking at a 5% annualized gain. If the stock gets to or above 200, that's another 15% annualized, for an annualized return of 20%. Not bad at all....and doubling your money every 4 years, pre-tax.
Looking 2.25 years out, for Jan 2020, that would be a strike of 230. Bid/ask spreads get larger that far out, but let's call that $8...not much more than that $7.50. Annualized that's 2.1%, so 3.65% once adding in the dividend. Not bad, but If holding out for that I'd really want that 15% expected annualized hike in the value of the stock, too. But even just the premium more than doubles your income. I can understand liking that.
I'm looking at a similar thing, in a manner to lower my margin and lower my overall percentage in AAPL to 50% (while attempting to keep taxes lower and continue to get some gains from AAPL) over the next few years...ideally before the next end of cycle. I'll likely look at 20-25% annualized returns for deciding on strikes, but may consider lower if I feel the stock is near a relative high at the time. Like Ken Fisher recently said, I'm currently thinking this cycle should last at least another 3 years.
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Post by dreamRaj on Oct 30, 2017 13:22:51 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,433
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Post by chinacat on Oct 30, 2017 13:28:22 GMT -8
An All Time High, and now this... What a day! The new iOS 11.2 beta, addresses a Calculator animation issue In all versions of iOS 11 prior to iOS 11.2, a calculator animation causes some symbols to be ignored when entered in rapid succession. As an example, if you tap 1+2+3 and then hit the equals sign quickly, animation lag is likely to case the result to be 24 instead of 6. With the iOS 11.2 beta, Apple has removed the animations from the calculator app, so calculations can be conducted rapidly with no need to pause between entering numbers to obtain the correct result. Good news for tuffet!
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Post by dreamRaj on Oct 30, 2017 13:30:27 GMT -8
Crazy covered call options thoughts, continuing from Bud on Friday: First off, there's 100k of open interest on Jan 170 calls right now, and more in the strikes above that. That looks like the big mark. Just mentioning it, because if it sticks around, I could see that being enough to cause things to make the stock move, around then. Looking back at the 5 year history, AAPL was at 83 in Nov 2012 (all from Yahoo's charts). That's a double in 5 years, or roughly 15% annualized gains. If you pick and choose instead, the 4 years ago mark was 79, giving a 20% annualized gain. While I expect AAPL to continue having some years better than others, I'd expect the next 5 years to also average out to 15% annualized gains. So for a covered call strategy that is priced about right, where you might sell off some of your potential gains, but likely do about right, I'd look at strikes that are 15-20% annualized above the current price. Looking at Jan 2019, that would be a strike of 200, which currently has an ask of 7.50. Annualized, that premium is 3.5% from today's ~167. Add in a ~1.5% dividend, and you're looking at a 5% annualized gain. If the stock gets to or above 200, that's another 15% annualized, for an annualized return of 20%. Not bad at all....and doubling your money every 4 years, pre-tax. Looking 2.25 years out, for Jan 2020, that would be a strike of 230. Bid/ask spreads get larger that far out, but let's call that $8...not much more than that $7.50. Annualized that's 2.1%, so 3.65% once adding in the dividend. Not bad, but If holding out for that I'd really want that 15% expected annualized hike in the value of the stock, too. But even just the premium more than doubles your income. I can understand liking that. I'm looking at a similar thing, in a manner to lower my margin and lower my overall percentage in AAPL to 50% (while attempting to keep taxes lower and continue to get some gains from AAPL) over the next few years...ideally before the next end of cycle. I'll likely look at 20-25% annualized returns for deciding on strikes, but may consider lower if I feel the stock is near a relative high at the time. Like Ken Fisher recently said, I'm currently thinking this cycle should last at least another 3 years. Thanks for the insight. I have my eye on Jan 2019 200 and Jan 2020 240 leaps. I missed the chance on both last week. They came close to my limit price and now... BOOM!
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Post by tuffett on Oct 30, 2017 13:51:16 GMT -8
An All Time High, and now this... What a day! The new iOS 11.2 beta, addresses a Calculator animation issue In all versions of iOS 11 prior to iOS 11.2, a calculator animation causes some symbols to be ignored when entered in rapid succession. As an example, if you tap 1+2+3 and then hit the equals sign quickly, animation lag is likely to case the result to be 24 instead of 6. With the iOS 11.2 beta, Apple has removed the animations from the calculator app, so calculations can be conducted rapidly with no need to pause between entering numbers to obtain the correct result. Good news for tuffet! It really is. I use my phone calculator a lot during meetings to run some quick numbers. It might sound like a petty issue, but when a calculator doesn’t work it’s a pretty big deal. Having to think about you typing speed while using it means it doesn’t work. Petty issue for some, pretty important to others.
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mark
fire starter
Posts: 1,575
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Post by mark on Oct 30, 2017 15:30:38 GMT -8
Today's move by AAPL is particularly impressive given what the rest of the market is doing, presumably driven by the Manafort indictment and concerns about what comes next. I read that the selloff was primarily because of the corporate tax changes being phased in over 5 years (many people believe that means it won't happen, or will never fully phase in, because in a year we have a new congress and in 3 a new president).
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Post by Luckychoices on Oct 30, 2017 20:56:09 GMT -8
From the Weekend thread: Kudos to those who drove the recent discussions about various trading strategies, but it certainly made me grateful that Apple has made my lazy buy-and-hold strategy so profitable. My head was spinning after reading them. I have to agree with chinacat. I enjoy reading about all the different ways that members are investing and trading AAPL, but I have no interest at all in doing anything other than continuing to be an AAPL Long. I have no gambling genes in my DNA, whatsoever, so holding this stock and collecting the ever-increasing quarterly dividends suits me to a T. That said, today I came across this series of comments on Seeking Alpha, under an article titled, " Apple: Sell Into Strength": Commenter #1: Long $AAPL don’t sell
Commenter #2: The buy-and-hold investors almost always outperforms the traders.
Commenter #3: You are right. Almost. Done it both ways. Trading is a lot more fun. Always thought buy and hold is like being on welfare. Getting money for doing absolutely nothing. I decided to pass on that. I prefer working for my bread.
Trading is a lot more *fun*? Do any traders on this board feel like they're having "a lot more fun"? Buy and hold is like being on welfare? Do any of the AAPL Longs feel like they're "on welfare"? I retired at 66 after working my entire adult life and I must confess that I've *never* felt guilty about "Getting money for doing absolutely nothing". In fact, I love it! Who are these people?
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