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Post by terps530 on Nov 26, 2012 11:09:28 GMT -8
its tempting to split up such an underwater spread. 10 pt spread that is worth nothing this AM--> sell the bear position--> hold the bull position, sell it a few hours later today--> Make more than the full value of the spread, on what was a near definite full loss.
Tempting, but the risk of it going the wrong way once i tried it (which would happen of course), scared me away from such a move. Boy it would sure get my on my feet again though and free up a bunch of fresh cash to reload into 6+month out spreads.
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Post by wolverine on Nov 26, 2012 11:13:23 GMT -8
Percentages are how most of us make money, but if you are happy with say 1% of $1,000,000, rather than 40%, so be it. My "job" here is to be a force for balance. Huh? $800 is a 37% rise over today's $580. You're assumption is wrong, that all of us holding at $705 didn't average cost down. Huh? You can play with timing and numbers all you wish for your personal situation, but the overall percentage gain on the stock that I stated still remains true. If AAPL is at $800 in September 2013, it will be a dramatic loss of momentum for the stock and most of us will be a bit disappointed with the result.
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Deleted
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Post by Deleted on Nov 26, 2012 11:22:28 GMT -8
Huh? $800 is a 37% rise over today's $580. You're assumption is wrong, that all of us holding at $705 didn't average cost down. Huh? You can play with timing and numbers all you wish for your personal situation, but the overall percentage gain on the stock that I stated still remains true. If AAPL is at $800 in September 2013, it will be a dramatic loss of momentum for the stock and most of us will be a bit disappointed with the result. Play the numbers? I think that's you. Those holding at $700 will realize another 14% if Apple breaks $800. And I personally think we'll go higher than $800 but I'm mindful of putting the bears like you at risk of a stroke.
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Post by wolverine on Nov 26, 2012 11:24:43 GMT -8
Huh? You can play with timing and numbers all you wish for your personal situation, but the overall percentage gain on the stock that I stated still remains true. If AAPL is at $800 in September 2013, it will be a dramatic loss of momentum for the stock and most of us will be a bit disappointed with the result. Play the numbers? I think that's you. Those holding at $700 will realize another 14% if Apple breaks $800. And I personally think we'll go higher than $800 but I'm mindful of putting the bears like you at risk of a stroke. You don't lose an argument gracefully, do you?
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Deleted
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Post by Deleted on Nov 26, 2012 11:26:26 GMT -8
Mercel, I will lure you over to the Dark Side one of these days... Resist all you want... Mav's case study shows me IT CAN BE DONE! Muahahahahaha <------ evil laugh Ha! Not likely. But if we break $592 and proceed to ATH I'll give it some reconsideration. ;D You'll have to agree that Avi's skin is thinner than lamb skin, which isn't confidence-inspiring.
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Deleted
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Post by Deleted on Nov 26, 2012 11:26:59 GMT -8
Play the numbers? I think that's you. Those holding at $700 will realize another 14% if Apple breaks $800. And I personally think we'll go higher than $800 but I'm mindful of putting the bears like you at risk of a stroke. You don't lose an argument gracefully, do you? You're wrong...read!
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Post by wolverine on Nov 26, 2012 11:33:17 GMT -8
You don't lose an argument gracefully, do you? You're wrong...read! Wrong about what? This is just a silly argument with you, because you will never exit gracefully by simply agreeing with me that Apple at $800 in September 2013 will be a bit of a disappointment to many of us, because it will not be much of a rise over the ATH over the course of about a year. From here, yes (as in, well duh). BTW, I am not a "bear" on AAPL (as you stated), I just like to think independently from many in this forum and am extremely skeptical of unfounded enthusiam. I have held AAPL since 1998 and have realized a tremendous value in the gains I've made. I have also experienced dramatic losses; most of all, I realize that AAPL cannot rise exponentially. The question is when to lighten up or step off the bus.
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Deleted
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Post by Deleted on Nov 26, 2012 11:33:24 GMT -8
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Post by artman1033 on Nov 26, 2012 11:34:47 GMT -8
I noticed the ads are back.
Does the page count (for ad free) include "guests" or just members?
As far as I can tell, when I viewed these pages as a guest, there were ads.
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Post by Red Shirted Ensign on Nov 26, 2012 11:35:06 GMT -8
Mercel, I will lure you over to the Dark Side one of these days... Resist all you want... Mav's case study shows me IT CAN BE DONE! Muahahahahaha <------ evil laugh Work on that evil laugh....it's not convincing. An excellent day. The tea leaves from Thanksgivinig weekend and cyber monday showed Apple as hitting home runs on every metric....devices uses, devices bought, devices sought (but out of stock!). But availability of everything is better
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Post by Deleted on Nov 26, 2012 11:36:31 GMT -8
Wrong about what? This is just a silly argument with you, because you will never exit gracefully by simply agreeing with me that Apple at $800 in September 2013 will be a bit of a disappointment to many of us, because it will not be much of a rise over the ATH over the course of about a year. From here, yes (as in, well duh). Nice try, Redge, or whoever. I'm now using the virtual "ignore" button. The only other member who served with such distinction was Nate, and he's gone. Have a nice day!
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Post by doublerainbow on Nov 26, 2012 11:37:47 GMT -8
bought shares on Friday, finally got it right this time lol. still half cash. planning to buy more at $590 then nibble along the way up to $650 by end of year (just a feeling) then await the extravaganza in January (whee)
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Post by wolverine on Nov 26, 2012 11:39:49 GMT -8
Wrong about what? This is just a silly argument with you, because you will never exit gracefully by simply agreeing with me that Apple at $800 in September 2013 will be a bit of a disappointment to many of us, because it will not be much of a rise over the ATH over the course of about a year. From here, yes (as in, well duh). . Nice try, Redge, or whoever. I'm now using the virtual "ignore" button. The only other member who served with such distinction was Nate, and he's gone. Have a nice day! Ignore me if you wish; but if you go back over the record of our conversation this morning, I said NOTHING that should ignite such utter hatred. What is wrong with you?
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Post by lovemyipad on Nov 26, 2012 11:41:23 GMT -8
You'll have to agree that Avi's skin is thinner than lamb skin, which isn't confidence-inspiring. No way, Jose! Avi's my EW teacher -- wouldn't trust anyone else! I loooooooove him!!!!!
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Post by lovemyipad on Nov 26, 2012 11:54:06 GMT -8
AAPL DAILY CHART:
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Deleted
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Post by Deleted on Nov 26, 2012 11:55:57 GMT -8
You'll have to agree that Avi's skin is thinner than lamb skin, which isn't confidence-inspiring. No way, Jose! Avi's my EW teacher -- wouldn't trust anyone else! I loooooooove him!!!!! Have you read the comments Lovey at the bottom of his article? Well, at least he's now on record at Seeking Alpha, unlike his fall prediction. So let's break $592 and get on with ATH.
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4aapl
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Post by 4aapl on Nov 26, 2012 12:00:09 GMT -8
Here AAPL is up 18 points, and I'm just thinking "another 3 to 5 to clearly break 590 sure would be nice"
Someone's thinking greedy. But this is fine, especially on a mostly flat day for the market. Some upside over the rest of the week would be nice too, maybe getting AAPL back above 600.
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Post by lovemyipad on Nov 26, 2012 12:12:25 GMT -8
Have you read the comments Lovey at the bottom of his article? Well, at least he's now on record at Seeking Alpha, unlike his fall prediction. So let's break $592 and get on with ATH. Haven't read SA yet...not a fan of that publication. Avi writes more for Market Watch and Real Money Pro. I actually "found" him through a Market Watch article than Adam Thompson linked -- how that for irony? Avi was the first EW pro whose AAPL analyses passed my sniff test -- IMHO, every other EW pro sucks at AAPL. Avi is direction neutral -- he always has IF/THEN with bull and bear targets -- and he rocks.
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Post by wolverine on Nov 26, 2012 12:23:59 GMT -8
What a great day for AAPL!
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Post by rob_london on Nov 26, 2012 12:27:20 GMT -8
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Ted
fire starter
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Post by Ted on Nov 26, 2012 12:28:29 GMT -8
. Nice try, Redge, or whoever. I'm now using the virtual "ignore" button. The only other member who served with such distinction was Nate, and he's gone. Have a nice day! Ignore me if you wish; but if you go back over the record of our conversation this morning, I said NOTHING that should ignite such utter hatred. What is wrong with you? Jeez, Wolverine, you've made me crawl out of my cave to comment: Your overly-dramatic posts as the self-proclaimed "force for balance" here are not advancing the discussion. While it's of course fine to have opposing views and fine to question the general enthusiasm level here - even on a day like this - it's totally lame and inappropriate to proclaim yourself the "winner" in any exchange of posts, much less to claim "hatred" is being directed at you when it clearly wasn't. This is a great forum usually bereft of petty BS. Let's keep it that way, huh? And now back to our regularly scheduled Weeeeeeeeeee!
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Post by huskerrx on Nov 26, 2012 12:38:58 GMT -8
15:28 EST - New mini options, option contracts tied to 10 shares of stock rather than the standard 100 shares, will begin trading March 18, the International Securities Exchange announced Monday. At the launch, mini options will be available on five high-priced stocks, including Apple (AAPL), Amazon ( AMZN), Google (GOOG), the SPDR Gold Trust (GLD) and SPDR S&P 500 ETF (SPY). " This exciting new product will make trading options on popular, high-priced names like Google and Apple more affordable and more flexible for the retail segment of the market," said ISE President and CEO Gary Katz. The minis will be available for all expiration dates, including weekly options.
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Post by Red Shirted Ensign on Nov 26, 2012 12:42:35 GMT -8
15:28 EST - New mini options, option contracts tied to 10 shares of stock rather than the standard 100 shares, will begin trading March 18, the International Securities Exchange announced Monday. At the launch, mini options will be available on five high-priced stocks, including Apple (AAPL), Amazon ( AMZN), Google (GOOG), the SPDR Gold Trust (GLD) and SPDR S&P 500 ETF (SPY). " This exciting new product will make trading options on popular, high-priced names like Google and Apple more affordable and more flexible for the retail segment of the market," said ISE President and CEO Gary Katz. The minis will be available for all expiration dates, including weekly options. Will this decrease or increase volitility? Have to think this through....but if it makes shares (or their equivilent) more affordable for investors, that is a good thing....
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Post by terps530 on Nov 26, 2012 12:42:44 GMT -8
15:28 EST - New mini options, option contracts tied to 10 shares of stock rather than the standard 100 shares, will begin trading March 18, the International Securities Exchange announced Monday. At the launch, mini options will be available on five high-priced stocks, including Apple (AAPL), Amazon ( AMZN), Google (GOOG), the SPDR Gold Trust (GLD) and SPDR S&P 500 ETF (SPY). " This exciting new product will make trading options on popular, high-priced names like Google and Apple more affordable and more flexible for the retail segment of the market," said ISE President and CEO Gary Katz. The minis will be available for all expiration dates, including weekly options. wow that is pretty wild it seems. Lot's of volatility I bet. speaking of options, what's up with Jokestore RIMM? I want to take a bearish position soon on them. thinking either 3 or 6 months timeframe for a put spread, but since it's so cheap, id be willing to gamble a bit on their new disaster and stock going back to 7 or less for a sizable return
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Post by jdrizzo89 on Nov 26, 2012 12:43:04 GMT -8
More downward pressure on apples weekly option price!! YAYYYY and if you don't think calls lead to downward pressure, you sir are ignorant. Maybe not to the extent of EO totally controlling it, but there is downward pressure for a myriad of reasons.
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Post by Red Shirted Ensign on Nov 26, 2012 12:44:17 GMT -8
Have you read the comments Lovey at the bottom of his article? Well, at least he's now on record at Seeking Alpha, unlike his fall prediction. So let's break $592 and get on with ATH. Haven't read SA yet...not a fan of that publication. Avi writes more for Market Watch and Real Money Pro. I actually "found" him through a Market Watch article than Adam Thompson linked -- how that for irony? Avi was the first EW pro whose AAPL analyses passed my sniff test -- IMHO, every other EW pro sucks at AAPL. Avi is direction neutral -- he always has IF/THEN with bull and bear targets -- and he rocks. I'm issuing an official "pre-wheeeee" warning. Everybody stand ready for the event. Like a Tsunami warning, the wheeee may or may not occur...but if the eruption, earthquake or price action is large enough, some kind of wheee can be expected to occur...usually around 4:10 P.M. EST
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JDSoCal
Member
Aspiring oligarch
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Post by JDSoCal on Nov 26, 2012 12:47:33 GMT -8
So is reading this crank's column. And for the anon coward constantly smiting my Karma of late, consider being a man and actually replying, or PM-ing. Anyway, weeeeee!
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Post by greedynoob on Nov 26, 2012 12:50:35 GMT -8
Huh? You can play with timing and numbers all you wish for your personal situation, but the overall percentage gain on the stock that I stated still remains true. If AAPL is at $800 in September 2013, it will be a dramatic loss of momentum for the stock and most of us will be a bit disappointed with the result. Do you mean if $800 is the new ATH in Sept? Or do you mean an $800 ATH in or before Sept, but no higher by the end of Sept? Or do you mean $800 any time in Sept, regardless of what happens between now & then in terms of max & min? ...most of all, I realize that AAPL cannot rise exponentially. Well, grow exponentially is exactly what AAPL has done for 7 years now. In fact, exponential growth is a key characteristic of the markets overall. Of course, sometimes the exponent is more positive than others...
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JDSoCal
Member
Aspiring oligarch
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Post by JDSoCal on Nov 26, 2012 12:53:43 GMT -8
15:28 EST - New mini options, option contracts tied to 10 shares of stock rather than the standard 100 shares, will begin trading March 18, the International Securities Exchange announced Monday. At the launch, mini options will be available on five high-priced stocks, including Apple (AAPL), Amazon ( AMZN), Google (GOOG), the SPDR Gold Trust (GLD) and SPDR S&P 500 ETF (SPY). " This exciting new product will make trading options on popular, high-priced names like Google and Apple more affordable and more flexible for the retail segment of the market," said ISE President and CEO Gary Katz. The minis will be available for all expiration dates, including weekly options. Will this decrease or increase volitility? Have to think this through....but if it makes shares (or their equivilent) more affordable for investors, that is a good thing.... Definitely more affordable for contribution-limited IRA's... but options mostly fleece the retail investor, plus pain effect, so a net negative IMO.
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Post by prazan on Nov 26, 2012 12:54:35 GMT -8
Play the numbers? I think that's you. Those holding at $700 will realize another 14% if Apple breaks $800. And I personally think we'll go higher than $800 but I'm mindful of putting the bears like you at risk of a stroke. You don't lose an argument gracefully, do you? If an investor bought on October 15th, 2010 at $315 and sold on October 7th, 2011 at $369, he would have realized a mere 17% annual profit. Had he sold in June, he would have made only 3%. If you cherry-pick dates with a volatile stock, you can cherry-pick the conclusion, too.
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