Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Sept 1, 2020 2:00:29 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Sept 1, 2020 2:13:39 GMT -8
Premarket: Apple is greenCongratulations to all of those that are invested in Tesla. Sadly I sold my small position about a year ago after making a good profit, fear can be a bad driver.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Sept 1, 2020 3:30:08 GMT -8
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Post by playultimate on Sept 1, 2020 3:58:44 GMT -8
Agree with the comments. I suspect each of us feel the same way at times. It's just another form of "Coulda, Woulda"
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Post by Lstream on Sept 1, 2020 5:40:49 GMT -8
This part resonates. That is the exact reason I bought. Was in a meeting one day in Silicon Valley. Really smart engineer brings in the iPod, packaging and all, and is beyond enthusiastic. I could not recall seeing such passion for a consumer product. Never acted for a few months, but finally decided to take a flyer due to that passion.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Sept 1, 2020 5:56:02 GMT -8
Own it, don't trade it. The number of fund managers who pose as if they can outsmart and time stocks and the market are a majority, not a minority. Which is why they rarely beat the S&P 500. Many of us here have been long AAPL long enough just to shake our heads and wonder why these hedgies are always quoted as if they know something. They didn't get rich by beating the Dow. They got rich by taking exorbitant fees from affluent people for mediocre returns. But I'll take JPM's $150 target. Always remember,
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Post by artman1033 on Sept 1, 2020 6:11:10 GMT -8
AAPL ALL TIME HIGH!$134.80All Time Highest TODAY intraday 148,930,258
shares traded today +$2.299 TRILLION
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4aapl
Moderator
Posts: 3,630
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Post by 4aapl on Sept 1, 2020 6:19:27 GMT -8
Crazy market for AAPL.
I'm writing covered calls that only get called based on 50% annualized returns. Wow! It's been ages since I was that optimistic, and yet AAPL's recent past makes that look plausible to some.
Thanks Apple!
(EDIT: Slow going to write a bunch of calls at the edge of reasonableness that is thinly traded. But eventually I wrote all the Sept '22 250 calls I wanted to today, at $10.15-$10.20.)
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Sept 1, 2020 6:25:53 GMT -8
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Sept 1, 2020 8:04:25 GMT -8
Advisor Perspectives ( ) has Not the Apple of My Eye. We knew such articles were inevitable, and it’s hard to disagree with much of the logic...but we’ll see, and I am certainly not concerned about this short term. "Not the Apple of my Eye" has some relevant and accurate information, unfortunately, the information that is relevant is not accurate and the information that is accurate is not relevant. As I read it, the author is saying that an expectation of 8% growth is not attainable. As far as I can tell, he is referring to growth in "valuation" which I assume to mean market cap. Since all major metrics are > 10% over 10 years, I am not sure what he bases this on. Look here: www.gurufocus.com/financials/AAPL the second argument seems to be that the P/E is higher than it has been in the past. Those of us who have lived through Apple being valued as a steel mill going out of business, do not see this as a current problem, but rather as a recognition of the lack of respect Apple got during the FUD wars. His third point, where he advises against short selling (sanctimonious prick) is that Tim Cook, whom he praises in the third paragraph, will surely do something to create doubts and cause another 30% decline. Frankly, this reads like another Bullshit Seeking Alpha article by a Canadian who is pissed that Apple destroyed Blackberry, a source of national pride. No offense, eh
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Post by aaplcrazie on Sept 1, 2020 9:04:49 GMT -8
Advisor Perspectives ( ) has Not the Apple of My Eye. We knew such articles were inevitable, and it’s hard to disagree with much of the logic...but we’ll see, and I am certainly not concerned about this short term. "Not the Apple of my Eye" has some relevant and accurate information, unfortunately, the information that is relevant is not accurate and the information that is accurate is not relevant. As I read it, the author is saying that an expectation of 8% growth is not attainable. As far as I can tell, he is referring to growth in "valuation" which I assume to mean market cap. Since all major metrics are > 10% over 10 years, I am not sure what he bases this on. Look here: www.gurufocus.com/financials/AAPL the second argument seems to be that the P/E is higher than it has been in the past. Those of us who have lived through Apple being valued as a steel mill going out of business, do not see this as a current problem, but rather as a recognition of the lack of respect Apple got during the FUD wars. His third point, where he advises against short selling (sanctimonious prick) is that Tim Cook, whom he praises in the third paragraph, will surely do something to create doubts and cause another 30% decline. Frankly, this reads like another Bullshit Seeking Alpha article by a Canadian who is pissed that Apple destroyed Blackberry, a source of national pride. No offense, eh Bud your descriptive prose re the Author of the above reminds me of a Line From Broadway Danny Rose: "I don't wanna badmouth the kid, but he's a horrible, dishonest, immoral louse. And I say that with all due respect."
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Post by archibaldtuttle on Sept 1, 2020 9:09:49 GMT -8
I first bought AAPL in 2000 when Final Cut Pro was introduced. I thought it was a revolutionary product that would disrupt the video industry. My investment thesis didn't exactly hold water... Final Cut was solid, and it served to sell a lot of computers to video professionals... but of course AAPL rocketed higher for other reasons. But my timing was great!
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Post by dc930 on Sept 1, 2020 9:31:42 GMT -8
Crazy market for AAPL. I'm writing covered calls that only get called based on 50% annualized returns. Wow! It's been ages since I was that optimistic, and yet AAPL's recent past makes that look plausible to some. Thanks Apple! (EDIT: Slow going to write a bunch of calls at the edge of reasonableness that is thinly traded. But eventually I wrote all the Sept '22 250 calls I wanted to today, at $10.15-$10.20.) My Weekly $130 covered calls appear to have been a bit misguided. Alas, it was a small hedge. Onwards and upwards!
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Post by BillH on Sept 1, 2020 9:35:48 GMT -8
I first bought AAPL in 2000 when Final Cut Pro was introduced. I thought it was a revolutionary product that would disrupt the video industry. My investment thesis didn't exactly hold water... Final Cut was solid, and it served to sell a lot of computers to video professionals... but of course AAPL rocketed higher for other reasons. But my timing was great! Similar story. Had the original iPod but the significance really hit home when I started unhooking the 5 disc changers at the home and cabin. The expectation of growth came from the iPod but the security of the investment came from OS X.
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4aapl
Moderator
Posts: 3,630
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Post by 4aapl on Sept 1, 2020 10:13:48 GMT -8
Crazy market for AAPL. I'm writing covered calls that only get called based on 50% annualized returns. Wow! It's been ages since I was that optimistic, and yet AAPL's recent past makes that look plausible to some. Thanks Apple! (EDIT: Slow going to write a bunch of calls at the edge of reasonableness that is thinly traded. But eventually I wrote all the Sept '22 250 calls I wanted to today, at $10.15-$10.20.) My Weekly $130 covered calls appear to have been a bit misguided. Alas, it was a small hedge. Onwards and upwards! Yep, those 495's I wrote a week and a half ago, and then got called away, were a little tough in retrospect. We've talked about diversifying a bit, but I was ready for 5-10%, not 20-25% of our AAPL positions. But with far-out options the way they currently are, in addition to writing these where strikes are at 50% annualized rates (geez, a couple week ago I was thinking 20% annualized), I might rebuy a few shares in my ROTH and write covered calls on them. The ones based off 30-40% annualized returns are likely paying $15+, so the net would be buying shares below that $495 price. Still, $250/$1k gets me dreaming of that number. Time to start picking out islands to buy. I think Ellison still owns at least part of a nice one.
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4aapl
Moderator
Posts: 3,630
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Post by 4aapl on Sept 1, 2020 10:26:58 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Sept 1, 2020 13:54:06 GMT -8
Yeah I heard that Wamsi Mohan on CNBC today. What a dope. Yet another guy who thinks he's smarter than the market. Typically I feel good when AAPL is going up, another six-figure day, only to tune into CNBC to find out what a moron I am for owning Apple. Nothing to see here, just a mere $5 gain, nothing major. By the by, our old friend Gene has an article today, Apple Is the Cornerstone of a New Digital Transformation
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Post by therealmercel on Sept 1, 2020 16:48:48 GMT -8
Let the profits run. A $5 move is $20 pre-split. Watching maximum pain this week (it was worth monitoring last Friday).
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Sept 1, 2020 19:37:43 GMT -8
Let the profits run. A $5 move is $20 pre-split. Watching maximum pain this week (it was worth monitoring last Friday). Nothing to see here. Just a little $5 bump.
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Sept 1, 2020 23:46:07 GMT -8
Let the profits run. A $5 move is $20 pre-split. Watching maximum pain this week (it was worth monitoring last Friday). Nothing to see here. Just a little $5 bump. Nothing to see here. Just a little $5 bump $5 bump $5 bump $5 bump cha-CHING!.... I can't work in the new metric yet - always converting back, sometimes to 2000.
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