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Post by wheeles on Dec 7, 2012 11:55:44 GMT -8
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Post by nathanstevens on Dec 7, 2012 12:09:11 GMT -8
Now you just need the stomach to sell the car you've enjoyed for the past few months for the opportunity to upgrade it.
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Post by mbeauch on Dec 7, 2012 12:14:38 GMT -8
I remember those days, needless to say the bar was much lower. Dec 2007 brings back bad memories.
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Post by bribery on Dec 7, 2012 12:18:18 GMT -8
Again, why nobody comments on iPad Mini release in China?
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Post by Zeke on Dec 7, 2012 12:19:16 GMT -8
You are the second person to point this out. It is irrelevant. You are conveniently picking the year as the measuring stick. Most people measure account value and do not go back to Jan1 to make themselves feel better. Besides the obvious drop from Sept, it is also down from April. I really do wish you guys would quit with this. If you are all shares, good for you, the rest of us have not been so fortunate. BTW, Avi is now looking for much lower. I am that second person, and stand by what I say. My trading portfolio is down about 80% since this started, and it could easily go to 100%, but I think it is pointless to get on here and post endlessly about how much I am upset by it, or all the supposed conspiracies behind the pull back. There is no value in that. For me at least. I know I am in the minority on this point of view, and most everyone else must think there is great value in this endless stream of "woe is me" stuff. I just don't get it though. I agree. Yes, it's painful even for those of us that are all common shares, and I really feel for those who are on margin or in under water options. I have the luxury of simply riding it out as I did in 2008. I wish everyone else well. Apple will see better days if we can survive the current madness.
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Post by Tetrachloride on Dec 7, 2012 12:24:50 GMT -8
Again, why nobody comments on iPad Mini release in China? ... if the revenue had the heavy duty influence of the iPhone, but alas no.
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Post by ibuyer on Dec 7, 2012 12:29:23 GMT -8
Down 9 out of last 11 weeks.
Worst week since May 2010.
let's see how it closes...
WOW. VIX below 16! VXAPL above 42.
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Post by Deleted on Dec 7, 2012 12:35:30 GMT -8
Again, why nobody comments on iPad Mini release in China? What's there to say? No way to tell sales numbers unless apple announces them. Apple uses a lottery system for orders in china to avoid the chaos that struck the iPhone releases of previous years.
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Post by nathanstevens on Dec 7, 2012 12:38:02 GMT -8
Again, why nobody comments on iPad Mini release in China? ... if the revenue had the heavy duty influence of the iPhone, but alas no. I see the iPad mini filling the role of a first "pc" for a large portion of the world population that currently use Internet cafes or their phone. I think it is a big deal despite the lower profit per device.
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Post by sponge on Dec 7, 2012 12:43:10 GMT -8
That is not what it says. It says "Limit your purchases in Apple when it is under a 13.5 PE ratio. Never buy Apple when it is over a 14 PE ratio. Have the patience to wait for a pull back." So if everyone (or a substantial portion of AAPL buyers) listens to Nick, there'll be no buyers above 13.5 PE. Smart money only buys below 13.5. Smart money starts to sell after 15.
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Post by appledoc on Dec 7, 2012 12:50:15 GMT -8
Sold my July spreads at a minimal loss. Sold some more commons that i bought at 322.50 to have more cash on hand.
I'm listening to Avi. If he says 473-500 next, then I believe him.
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Post by fas550 on Dec 7, 2012 12:52:09 GMT -8
could this be a rise into the close? Right now I'd just be happy not to close at LOD
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Mav
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Post by Mav on Dec 7, 2012 12:53:41 GMT -8
Minimal loss? Whatcha buy at? All BCSes are getting hammered right now.
Self-education is best. Helps assess opinions of others. Subscribe if you like, but never rely.
And really, if 518 fails some will test bearish bets, and even moreso if 505 fails. You don't need an expert to give you that.
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Post by fas550 on Dec 7, 2012 12:54:09 GMT -8
Sold my July spreads at a minimal loss. Sold some more commons that i bought at 322.50 to have more cash on hand. I'm listening to Avi. If he says 473-500 next, then I believe him. Crap that isn't what he's saying is he? What's the IF?
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Post by bribery on Dec 7, 2012 12:54:40 GMT -8
OK, I got rid of everything, my Jan '14 600 calls, Apr 595 calls and Jan '13 bull spreads. I was 60% up last week. Left at 5% up. Will buy everything back in about a week. This was driving me crazy and there are other things to do.
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Mav
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Post by Mav on Dec 7, 2012 12:57:45 GMT -8
Hm.
530 may hold, so point of reference for Monday.
I hate quick-resolution whipsaw trading. Have been waiting since I sold my common this week. Need to work on the speed bag and click/tap finger this weekend...
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Post by appledoc on Dec 7, 2012 13:00:28 GMT -8
Minimal loss? Whatcha buy at? All BCSes are getting hammered right now. Self-education is best. Helps validate opinions. Subscribe if you like, but never rely. And really, if 518 fails some will test bearish bets, and even moreso if 505 fails. You don't need an expert to give you that. I bought on the bounce off 505 around 530. They were Jul 700/710. Paid 1.21. Sold for 1.06. Commissions included. Should have sold when we kept hitting our head on 592. Stupid me. I'm still holding January, April and October spreads. I'm trying not to get too cutesy and time everything, because I do still believe I will make money on all of these. I just felt the July's coupled with the commons was my best move at generating more cash.
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Post by mbeauch on Dec 7, 2012 13:01:32 GMT -8
Crap that isn't what he's saying is he? What's the IF? Yes, he is talking lower. I do not even see an if pertaining to anything up, all the talk is down. That group is so bearish after the dramatic failure this morning that I thought I had stumbled into Zerohedge for a second. Then I realized, everybody has lost confidence in AAPL. here were a couple of bull holdouts until it got below 538, then they all started buying puts.
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Post by ibuyer on Dec 7, 2012 13:01:40 GMT -8
OK, I got rid of everything, my Jan '14 600 calls, Apr 595 calls and Jan '13 bull spreads. I was 60% up last week. Left at 5% up. Will buy everything back in about a week. This was driving me crazy and there are other things to do. TC tells us that they are laser focused on product and to hell with dying shareholders on the roadside...
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Mav
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Post by Mav on Dec 7, 2012 13:02:34 GMT -8
Rough week. Have a good weekend, everybody.
Recharge with family, friends and hopefully fun stuff and study up a bit for what'll probably be another interesting week.
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Post by rosie on Dec 7, 2012 13:03:26 GMT -8
"Nick has changed his position 100% from two months ago. If you listened to him over the past two months you would be loosing BIG. Back then he was telling all to buy Jan14 700-800 spreads."
+1
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Post by appledoc on Dec 7, 2012 13:03:35 GMT -8
Sold my July spreads at a minimal loss. Sold some more commons that i bought at 322.50 to have more cash on hand. I'm listening to Avi. If he says 473-500 next, then I believe him. Crap that isn't what he's saying is he? What's the IF? The IF was making it above 575. The then was 473-500. After that, new ATH. If there's a potential for another 60 points down, I need to capitalize on that the best I can. I've been saying for the past three weeks that I'm going to trade off what Avi says. Well now I'm finally doing it. Better late than never.
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Mav
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Post by Mav on Dec 7, 2012 13:03:39 GMT -8
I wonder what everyone said at AAPL 530 in April or May btw (first big downwave).
Perspective does matter.
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Post by fas550 on Dec 7, 2012 13:04:44 GMT -8
Crap that isn't what he's saying is he? What's the IF? Yes, he is talking lower. I do not even see an if pertaining to anything up, all the talk is down. That group is so bearish after the dramatic failure this morning that I thought I had stumbled into Zerohedge for a second. Then I realized, everybody has lost confidence in AAPL. here were a couple of bull holdouts until it got below 538, then they all started buying puts. Thanks.
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Mav
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Post by Mav on Dec 7, 2012 13:05:12 GMT -8
"Nick has changed his position 100% from two months ago. If you listened to him over the past two months you would be loosing BIG. Back then he was telling all to buy Jan14 700-800 spreads." +1 Subscribe/follow if you like (hey, lots do, including iPad, and I follow Redler), but NEVER rely. Whatever the expert's call.
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Post by mbeauch on Dec 7, 2012 13:05:57 GMT -8
Rough week. Have a good weekend, everybody. Recharge with family, friends and hopefully fun stuff and study up a bit for what'll probably be another interesting week. DOW pushes up into the close as AAPL flails, sickening. No studying for me, mentally exhausted.
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Mav
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Post by Mav on Dec 7, 2012 13:06:50 GMT -8
Take a break MB. The weekend helps us all focus on the stuff that's important.
Best of luck to all. I'm suffering right along with you if it, uh, helps.
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Post by fas550 on Dec 7, 2012 13:11:51 GMT -8
Crap that isn't what he's saying is he? What's the IF? The IF was making it above 575. The then was 473-500. After that, new ATH. If there's a potential for another 60 points down, I need to capitalize on that the best I can. I've been saying for the past three weeks that I'm going to trade off what Avi says. Well now I'm finally doing it. Better late than never. Any talk of Bear Call Spreads? Just wondered if anyone thinks the inverse of the successful strategy is a good mover or not? Maybe too optimistic right now but the reasons to sell are running out and good macro news (like an effing FC agreement) could change the direction pretty quick. I know odds are no but it's certainly more risky now to bet against than last week
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Post by Big Al on Dec 7, 2012 13:13:07 GMT -8
OK, I got rid of everything, my Jan '14 600 calls, Apr 595 calls and Jan '13 bull spreads. I was 60% up last week. Left at 5% up. Will buy everything back in about a week. This was driving me crazy and there are other things to do. TC tells us that they are laser focused on product and to hell with dying shareholders on the roadside... Quite honestly, better this way than the other way round...
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Post by archibaldtuttle on Dec 7, 2012 13:14:18 GMT -8
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