|
Post by aaplsauce on Jan 17, 2022 22:44:10 GMT -8
|
|
|
Post by CdnPhoto on Jan 18, 2022 4:55:58 GMT -8
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
|
Post by chinacat on Jan 18, 2022 6:09:24 GMT -8
|
|
|
Post by archibaldtuttle on Jan 18, 2022 9:59:58 GMT -8
Market is teetering at the edge of a cliff, taking AAPL with it...
|
|
|
Post by duckpins on Jan 18, 2022 10:39:00 GMT -8
GS and all love this volatility. They make tons. It will pass. Question for the smart. I tripped the breaker of my comcast modem. That turned off the cable, internet and wifi modem. But the iPhone should still work. Yet it was unable to get the internet on Safari and could not make calls? WTF happened? That is dangerous to loose the cell phone connection if the electricity is off. I read that if this happens you turn airplane mode on and toggle off the phone. Wait 30 seconds and it works. I have not tried this as it seems nuts. Any ideas?
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,241
|
Post by JDSoCal on Jan 18, 2022 10:53:25 GMT -8
GS and all love this volatility. They make tons. It will pass. Question for the smart. I tripped the breaker of my comcast modem. That turned off the cable, internet and wifi modem. But the iPhone should still work. Yet it was unable to get the internet on Safari and could not make calls? WTF happened? That is dangerous to loose the cell phone connection if the electricity is off. I read that if this happens you turn airplane mode on and toggle off the phone. Wait 30 seconds and it works. I have not tried this as it seems nuts. Any ideas? I can't tell if you mean all power is off, or just the power to the cable modem. If your cable modem is off, but the router (wifi) is still on, your iPhone will might still connect to wifi instead of using cellular data (does your iPhone have the wifi icon active?). If so, turn off the wifi in iPhone settings and the cellular data should take over.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,241
|
Post by JDSoCal on Jan 18, 2022 13:37:35 GMT -8
PED picked up on the CNBC's man on the street shtick: Caller has 62% of his portfolio in Apple. CNBC hosts freak. (video)I was actually watching this live last week. Well, those guys are really going to freak about AAPL's weight in my portfolio! I wonder how many of them freak when people have 99% of their wealth in their homes? I also wonder, if AAPL started out as like 5% of my portfolio, and it turned into 99% of my portfolio just by growing so high over 30 years, and my cost basis is like 15 cents, does that warrant the same "oMg DiVeRsIfY!" panic as some guy who buys into AAPL today with 100% of his investment funds? 🤔
What a strange notion: This stock has done too well, get rid of most of it!
|
|
4aapl
Moderator
Posts: 3,867
|
Post by 4aapl on Jan 18, 2022 16:43:05 GMT -8
Bought the dip. It might not be the low, but I figured I'd start here, and buy more for every $5-10 down it if it drops further.
I'm liking $200 as a fairly reasonable 1 year target at this point in the economic cycle. I'm giving it a 70% chance of making it there inside of 12 months, and maybe 50% chance of being above there in 12 months. That leaves a 20% chance of somewhere between here and there, and 10% of this being the top. Mostly all macro based, as Apple should do as well or better than in the past, on it's own.
That would be a little over an 18% gain from here, when including the dividends. Sounds nice, and not too greedy.
This was the first time I've made a purchase on my iPhone. Today it was from the ski lift, at $169.70. Fun times.
FWIW, you can also request free at-home covid tests, starting a day early, today. Normally we don't have that great of a need, especially since my wife ordered a bunch 10 days ago. But one of my kids just had it last week, and another might have it now. Both are fully vaccinated, but without a booster yet. Luckily most in that situation have relatively minor cases.
|
|
4aapl
Moderator
Posts: 3,867
|
Post by 4aapl on Jan 18, 2022 16:53:16 GMT -8
PED picked up on the CNBC's man on the street shtick: Caller has 62% of his portfolio in Apple. CNBC hosts freak. (video)I was actually watching this live last week. Well, those guys are really going to freak about AAPL's weight in my portfolio! I wonder how many of them freak when people have 99% of their wealth in their homes? I also wonder, if AAPL started out as like 5% of my portfolio, and it turned into 99% of my portfolio just by growing so high over 30 years, and my cost basis is like 15 cents, does that warrant the same "oMg DiVeRsIfY!" panic as some guy who buys into AAPL today with 100% of his investment funds? 🤔 What a strange notion: This stock has done too well, get rid of most of it! We talked about this on the weekend edition. Here's my lengthy response, which includes the 4 typical responses, yours included: aaplfinance.proboards.com/post/126205/threadFWIW, IMO it all comes down to risk/reward, while identifying your own biases and needs. That said, I bought a non-trivial amount today. We talk about diversifying more, and we will be via coverage for covered calls later this week. At the same time, the "but I know AAPL really well, better than other things" reasoning comes into play, and I can throw more money into AAPL if there is a good price, even while also moving funds into a boring index.
|
|
mark
fire starter
Posts: 1,632
|
Post by mark on Jan 18, 2022 18:44:59 GMT -8
Bought the dip. It might not be the low, but I figured I'd start here, and buy more for every $5-10 down it if it drops further. Don't you need to buy some anyway to deliver on those 135 calls in a few weeks? Now's as good a time as any I suppose. Funny. Today I made two trades (not $AAPL) on my iPhone, not my first time on the phone, but a very rare occurrence. I prefer using my laptop to trade. For anyone curious, I sold all my $T, I've had it with them and their stupid media mistake transactions. It was a small position anyway, and now I don't have to see it in my portfolio anymore. I also bought a little $VTI which I've slowly begun accumulating. I just checked, and my $VTI position is worth less than 1% of my $AAPL position. LOL, why bother? I suppose for fun. I ordered them as well. If anyone wants to order, the website is - special.usps.com/testkits
|
|
|
Post by hledgard on Jan 18, 2022 19:37:53 GMT -8
PED picked up on the CNBC's man on the street shtick: Caller has 62% of his portfolio in Apple. CNBC hosts freak. (video)I was actually watching this live last week. Well, those guys are really going to freak about AAPL's weight in my portfolio! I wonder how many of them freak when people have 99% of their wealth in their homes? I also wonder, if AAPL started out as like 5% of my portfolio, and it turned into 99% of my portfolio just by growing so high over 30 years, and my cost basis is like 15 cents, does that warrant the same "oMg DiVeRsIfY!" panic as some guy who buys into AAPL today with 100% of his investment funds? 🤔 What a strange notion: This stock has done too well, get rid of most of it! I am in the sane situation as JD. AAPL is 99% of my portfolio, same 15 cents cost basis. Over the years, many have advised me to shake it up. Luckily, I passed.
|
|
4aapl
Moderator
Posts: 3,867
|
Post by 4aapl on Jan 18, 2022 20:46:33 GMT -8
Bought the dip. It might not be the low, but I figured I'd start here, and buy more for every $5-10 down it if it drops further. Don't you need to buy some anyway to deliver on those 135 calls in a few weeks? Now's as good a time as any I suppose. That's what I figured. While I will be net up a decent amount of shares next week, compared to 1.5 years ago when I wrote the covered calls, I just think there is a pretty good chance of seeing $200 in the next 12 months, even if it's just temporary. I don't really see a need to give absolute numbers, as it shouldn't matter if I bought 5 shares today, or 5,000,000. But as a ratio, I wrote 2 covered calls with a strike at 135 (January's, so this Friday) 1.5 years ago, bought a net total (also ratio) of 390 shares since then, and just bought another 50. So next week, post-expiration but pre-earnings, I'll have 240 more shares than 1.5 years ago. The 440 shares have an average price somewhere in the 125-130 price range. I haven't decided exactly which ones I'll have called away, but sticking with the average price, it will still be a net gain. More importantly, if/when the stock hits $200, the remaining 240 shares will be up more than 50%. Nothing is a sure thing. But the odds are looking favorable. OTOH, the odds aren't looking great for the Sept '22 250's I wrote to end in the money, but I'll be happy if those get called away too. Wishful thinking?
|
|
|
Post by aaplcrazie on Jan 18, 2022 21:04:17 GMT -8
GS and all love this volatility. They make tons. It will pass. Question for the smart. I tripped the breaker of my comcast modem. That turned off the cable, internet and wifi modem. But the iPhone should still work. Yet it was unable to get the internet on Safari and could not make calls? WTF happened? That is dangerous to loose the cell phone connection if the electricity is off. I read that if this happens you turn airplane mode on and toggle off the phone. Wait 30 seconds and it works. I have not tried this as it seems nuts. Any ideas? Hey Duckpins, What JD Socal said about turning off Wifi in control center should force your iPhone to revert to LTE. Also try a forced re start has been known to cure all ills On mine briefly hold down the volume up button then down button then hold the right hand hold switch until the power off option appears keep holding the button down and the power off will disappear keep holding until you get a white logo in the middle of the screen Then let go the side button your screen will stay all black while it does internal housekeeping. after a 5 min or so check your screen and iPhone should have re-booted.
|
|
mark
fire starter
Posts: 1,632
|
Post by mark on Jan 18, 2022 22:01:17 GMT -8
OTOH, the odds aren't looking great for the Sept '22 250's I wrote to end in the money, but I'll be happy if those get called away too. Wishful thinking? I did more or less the opposite. I sold Sep '22 puts in the hopes of snapping up some cheap shares at a discount during the inevitable downturn ... but that downturn hasn't happened. They are strike price 100 and I received over $7 each, so the idea was to pay a net of under $93 a share if they were exercised. The odds also aren't looking good for that to happen. I also sold some Sep '23, and Jan '24 puts, all at prices I would be more than glad to buy some more shares.
|
|