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Post by aaplsauce on Mar 10, 2022 22:53:37 GMT -8
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Ted
fire starter
Posts: 892
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Post by Ted on Mar 11, 2022 6:28:37 GMT -8
Tim is full of BS on this and so are many others. Because it never stopped at gay rights. The left pushed for more sexual freedom introducing gender changes for kids under 12 sponsored by teacher unions and school boards., in many cases without parental notification. Publishing school books that put sexual thoughts in young kids minds, wtf! What’s next? Threesome Orgies and same sex gay trysts in the K-8 classrooms? Probably so. It’s got to stop and I support efforts to keep Sex-Ed in high school. "The same Florida parents who take their families to Disney also support parental rights in education, because they do not want their children exposed to inappropriate content about sex and gender theory at school," the DeSantis spokesperson said. I agree. Let kids be kids without them getting horney before their time. While this post may apply to AAPL and Tim Cook, it’s more just an excuse to discuss politics and express conservative beliefs. That isn’t supposed to be allowed here. If it were, our forum would quickly devolve into the partisan bickering board. Either there are rules here that apply to all or it’s a free for all. Likewise, in JD’s case, you can’t have someone flaunt the rules and then say, hey, you can just block me if you don’t like my posts. The rules apply to what is posted. Allowing someone to consistently break the rules and then hide behind his own self-exonerating construct doesn’t cut it. Posters: either abide by the rules or form your own group… Mods: either enforce the rules and put non-conforming posts in the dungeon or don’t be a moderator. Or am I missing something?
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Post by Lstream on Mar 11, 2022 7:14:01 GMT -8
Tim is full of BS on this and so are many others. Because it never stopped at gay rights. The left pushed for more sexual freedom introducing gender changes for kids under 12 sponsored by teacher unions and school boards., in many cases without parental notification. Publishing school books that put sexual thoughts in young kids minds, wtf! What’s next? Threesome Orgies and same sex gay trysts in the K-8 classrooms? Probably so. It’s got to stop and I support efforts to keep Sex-Ed in high school. "The same Florida parents who take their families to Disney also support parental rights in education, because they do not want their children exposed to inappropriate content about sex and gender theory at school," the DeSantis spokesperson said. I agree. Let kids be kids without them getting horney before their time. While this post may apply to AAPL and Tim Cook, it’s more just an excuse to discuss politics and express conservative beliefs. That isn’t supposed to be allowed here. If it were, our forum would quickly devolve into the partisan bickering board. Either there are rules here that apply to all or it’s a free for all. Likewise, in JD’s case, you can’t have someone flaunt the rules and then say, hey, you can just block me if you don’t like my posts. The rules apply to what is posted. Allowing someone to consistently break the rules and then hide behind his own self-exonerating construct doesn’t cut it. Posters: either abide by the rules or form your own group… Mods: either enforce the rules and put non-conforming posts in the dungeon or don’t be a moderator. Or am I missing something?Exactly - thank you. Seems kind of strange which post ended up in the dungeon, and which one was left alone.
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Post by Odd-Lot Richard on Mar 11, 2022 7:27:37 GMT -8
Or am I missing something? Macster was responding to political bait in aaplsauce’s original post. Why did macster’s post get moved to the dungeon or blasted and aaplsauce’s remain? As you say, mods should be consistent.
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Post by Lstream on Mar 11, 2022 7:33:41 GMT -8
Or am I missing something? Macster was responding to political bait in aaplsauce’s original post. Why did macster’s post get moved to the dungeon or blasted and aaplsauce’s remain? As you say, mods should be consistent. That was pretty minor league bait. And certainly does not warrant a rant about threesomes in classrooms and so on. And AppleSauce does this place a favor by starting the daily thread. Unlike certain posters who almost exclusively go political and contribute virtually nothing on topic here.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Mar 11, 2022 7:46:31 GMT -8
Ted, I understand your feelings, believe me. But if you or anyone else thinks that being a mod is easy, then please contact 4aapl and offer your services.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Mar 11, 2022 8:11:45 GMT -8
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Mar 11, 2022 8:14:20 GMT -8
Ted, I understand your feelings, believe me. But if you or anyone else thinks that being a mod is easy, then please contact 4aapl and offer your services. As tempting as it is to just move all of these posts to the Dungeon, we're trying to walk the fine line of sticking to on-topic discussion while also keeping people around. Our baseline is the years we had of only self-moderation. Since84's guidance to the current moderators is that light moderation is a step up from that, and we agree. Just like during the political cycle, there's a lot of stressors around right now, and it's hard to know with certainty how this will play out in the short and medium terms on the economy, the market, and on AAPL. Let's keep it on topic here.
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Post by Odd-Lot Richard on Mar 11, 2022 8:19:18 GMT -8
That was pretty minor league bait. And certainly does not warrant a rant about threesomes in classrooms and so on. And AppleSauce does this place a favor by starting the daily thread. Unlike certain posters who almost exclusively go political and contribute virtually nothing on topic here. They are taking advantage of a privileged position in the thread to break the rules and get away with it. You see it but you ignore it because you agree with them. Macster used this as license to escalate. I’m just going to point out the hypocrisy. If that makes this comment political, or me a solely political poster, so be it.
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Post by Lstream on Mar 11, 2022 8:23:07 GMT -8
That was pretty minor league bait. And certainly does not warrant a rant about threesomes in classrooms and so on. And AppleSauce does this place a favor by starting the daily thread. Unlike certain posters who almost exclusively go political and contribute virtually nothing on topic here. They are taking advantage of a privileged position in the thread to break the rules and get away with it. You see it but you ignore it because you agree with them. Macster used this as license to escalate. I’m just going to point out the hypocrisy. If that makes this comment political, or me a solely political poster, so be it. I don’t consider you to be a solely political poster. That was not my intent in making that comment. And I don’t consider starting the daily to be any sort of “privileged” position. It is done by volunteers, and it is not somehow anointed. Attempting to equate that one comment to the litany of political rants and posts from others is unfair in my opinion when that individual is contributing their time for nothing in return.
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Post by Odd-Lot Richard on Mar 11, 2022 8:42:09 GMT -8
And I don’t consider starting the daily to be any sort of “privileged” position. It is done by volunteers, and it is not somehow anointed. Attempting to equate that one comment to the litany of political rants and posts from others is unfair in my opinion when that individual is contributing their time for nothing in return. Starting the daily is not a privileged position, I agree—I haven’t done it, but searching for relevant threads and writing them up is almost certainly a chore. But the daily opening thread *is* a privileged thread. If it gets moved to the dungeon or moderated out, we don’t have a thread to discuss. As an Asian man of a certain generation, I hesitate to call it a microaggression, but you can’t respond sensibly to it as one who disagrees without getting kicked.
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Post by archibaldtuttle on Mar 11, 2022 8:52:13 GMT -8
Back to the topic: is AAPL melting down?
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Post by hledgard on Mar 11, 2022 8:54:14 GMT -8
Ted, I understand your feelings, believe me. But if you or anyone else thinks that being a mod is easy, then please contact 4aapl and offer your services. As tempting as it is to just move all of these posts to the Dungeon, we're trying to walk the fine line of sticking to on-topic discussion while also keeping people around. Our baseline is the years we had of only self-moderation. Since84's guidance to the current moderators is that light moderation is a step up from that, and we agree. Just like during the political cycle, there's a lot of stressors around right now, and it's hard to know with certainty how this will play out in the short and medium terms on the economy, the market, and on AAPL. Let's keep it on topic here. Very insightful post 4aapl. Not critical, but wise, and helpful. Thanks !
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Post by Lstream on Mar 11, 2022 9:01:42 GMT -8
And I don’t consider starting the daily to be any sort of “privileged” position. It is done by volunteers, and it is not somehow anointed. Attempting to equate that one comment to the litany of political rants and posts from others is unfair in my opinion when that individual is contributing their time for nothing in return. Starting the daily is not a privileged position, I agree—I haven’t done it, but searching for relevant threads and writing them up is almost certainly a chore. But the daily opening thread *is* a privileged thread. If it gets moved to the dungeon or moderated out, we don’t have a thread to discuss. As an Asian man of a certain generation, I hesitate to call it a microaggression, but you can’t respond sensibly to it as one who disagrees without getting kicked. Well we lose daily thread starters frequently here. Usually starting with them being attacked.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Mar 11, 2022 9:32:35 GMT -8
Back to the topic: is AAPL melting down? Just a reminder that AAPL’s 52 week low is $118.86. Just sayin’. I can only guess at where the point of capitulation is at, but I don’t think that we are there yet.
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Post by kpas1 on Mar 11, 2022 10:19:11 GMT -8
Back to the topic: is AAPL melting down? Just a reminder that AAPL’s 52 week low is $118.86. Just sayin’. I can only guess at where the point of capitulation is at, but I don’t think that we are there yet. Strange action. I guess we've seen it before. Looked good pre-market but more selling today, again underperforming the markets. Been thinking this week that the low 150s were the buy point, and 155 has held so far. Did not expect to be back here though when we are at 180 a couple of months ago.
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Post by aaplsauce on Mar 11, 2022 10:54:07 GMT -8
I’d like to make a few comments on todays activity:
Hard to imagine anyone would call opening the thread a “privileged position”. About a year ago, the position opened up, and no members indicated much interest. After several weeks, I filled the position, because I enjoy this board and wanted to contribute.
I am on the west coast, so I spend at least an hour each weekday searching for relevant news stories about Apple and compose the opening post before I hit the sack. My goal is to stimulate a lively discussion and hopefully engage more members.
Most days however, no comments are made on the news stories contained in the opening thread. And I really don’t see an increase in participation. Opening the thread has been a thankless task. I think about half a dozen members have expressed appreciation over the past year. And I thank those members, it was nice to hear from you.
The Reuters news link and my brief comment in todays opening thread, may have resulted in the most activity of any news story in my opening thread in the past year. What does that say about this board? What is the outrage about? Tim Cooks concerns about equality? My support of his support of equality? Which comment of mine was so inflammatory, “A voice of reason.”, and/or “Proud to be an shareholder.”.
If you are not “Proud to be an shareholder”, why are you holding shares?
What if a CEO said last night “I support Russia” ? Would that comment have made the newsfeeds? Would the comment be worthy of discussion? Would you still hold on to the company shares?
Tim Cooks’ comment made all the news services last night, and I thought it was relevant, so I included it.
Where was the outrage when misogynist, hateful comments were posted on this board?
I told myself I would open the daily thread for one year. I enjoyed contributing to the board and the experience. I will end this task on Friday, May 13, so that other board members can participate.
I would also be willing to be a moderator if a position is open.
I would really like to see this board grow in a healthy way, and I do appreciate those members that contribute thoughtful, relevant posts about everything Apple.
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Post by duckpins on Mar 11, 2022 11:03:28 GMT -8
Melt down? The entire Chinese market is melting away. Now WS is saying they will delist 245 Chinese companies. Like this announcement wasn't known by insiders months ago. Apple hasn't hit the 200 day MA since the Covid crash. Also the 250 MA. Sitting right at the 200 today. If the shorts are holding off because they fear a resolution of Ukraine over the weekend they will be back in force Monday. Could see a real melt down Monday.
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Post by duckpins on Mar 11, 2022 11:13:45 GMT -8
The other problem is the QQQ and AAPL are not oversold on the RSIs. The sharp up days in a bear market reset the indicators and pave the highway for lower lows. Ironically the economy in the US is near full employment. Plenty of millennials are 6 figure 2 income families in the Bay Area. They are pushing housing costs through the roof. But I own a house so...keep it up Jr.s! The only negative on rents and prices is the crime which will end the Democrats control of CA, sorry for the politics but I think the corporate friendly Repubs. may be good for the Silicon Valley, QQQ. Google and Apple especially. I have sold my profitable spreads for 2022 and am thinking of closing the 2023 ones as well. For conservatives the DIA and QQQ get more attractive by the day. Berkshire Hathaway as a tech hedge is looking good. For gunslingers, simply UDOW, TQQQ and UPro. If you like gambling CWEB. China can't go down forever.
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Ted
fire starter
Posts: 892
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Post by Ted on Mar 11, 2022 11:18:06 GMT -8
Ted, I understand your feelings, believe me. But if you or anyone else thinks that being a mod is easy, then please contact 4aapl and offer your services. As tempting as it is to just move all of these posts to the Dungeon, we're trying to walk the fine line of sticking to on-topic discussion while also keeping people around. Our baseline is the years we had of only self-moderation. Since84's guidance to the current moderators is that light moderation is a step up from that, and we agree. Just like during the political cycle, there's a lot of stressors around right now, and it's hard to know with certainty how this will play out in the short and medium terms on the economy, the market, and on AAPL. Let's keep it on topic here. 4aapl, I appreciate the need to keep members here and posting, but if "walking the fine line" means just looking the other way when things get political, then that's a cop out. The world is so full of politics and divisive rhetoric now that I'd prefer (as do most others) that this place be an escape from all that and just be devoted to Apple. If I want political commentary, I know where to find it. And I don't mean to come off as a whiner looking for a board cop. I'd much prefer for people to self-regulate, but, for those that can't, actions should be taken. For example, a moderator editing out an offensive sentence from someone's post should be the price one has to pay for writing something inappropriate. I dig this board and would love to get past this issue. ✌🏼
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Post by Luckychoices on Mar 11, 2022 11:42:12 GMT -8
I’d like to make a few comments on todays activity: Hard to imagine anyone would call opening the thread a “privileged position”. About a year ago, the position opened up, and no members indicated much interest. After several weeks, I filled the position, because I enjoy this board and wanted to contribute. I am on the west coast, so I spend at least an hour each weekday searching for relevant news stories about Apple and compose the opening post before I hit the sack. My goal is to stimulate a lively discussion and hopefully engage more members.Most days however, no comments are made on the news stories contained in the opening thread. And I really don’t see an increase in participation. Opening the thread has been a thankless task. I think about half a dozen members have expressed appreciation over the past year. And I thank those members, it was nice to hear from you. The Reuters news link and my brief comment in todays opening thread, may have resulted in the most activity of any news story in my opening thread in the past year. What does that say about this board? What is the outrage about? Tim Cooks concerns about equality? My support of his support of equality? Which comment of mine was so inflammatory, “A voice of reason.”, and/or “Proud to be an shareholder.”.If you are not “Proud to be an shareholder”, why are you holding shares? What if a CEO said last night “I support Russia” ? Would that comment have made the newsfeeds? Would the comment be worthy of discussion? Would you still hold on to the company shares? Tim Cooks’ comment made all the news services last night, and I thought it was relevant, so I included it.Where was the outrage when misogynist, hateful comments were posted on this board?I told myself I would open the daily thread for one year. I enjoyed contributing to the board and the experience. I will end this task on Friday, May 13, so that other board members can participate. I would also be willing to be a moderator if a position is open. I would really like to see this board grow in a healthy way, and I do appreciate those members that contribute thoughtful, relevant posts about everything Apple.Excellently stated! Now I'm wondering if any AFB member will post a "Yeah, but" reply to your straightforward statements and appropriate questions.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Mar 11, 2022 11:42:14 GMT -8
As tempting as it is to just move all of these posts to the Dungeon, we're trying to walk the fine line of sticking to on-topic discussion while also keeping people around. Our baseline is the years we had of only self-moderation. Since84's guidance to the current moderators is that light moderation is a step up from that, and we agree. Just like during the political cycle, there's a lot of stressors around right now, and it's hard to know with certainty how this will play out in the short and medium terms on the economy, the market, and on AAPL. Let's keep it on topic here. 4aapl, I appreciate the need to keep members here and posting, but if "walking the fine line" means just looking the other way when things get political, then that's a cop out. The world is so full of politics and divisive rhetoric now that I'd prefer (as do most others) that this place be an escape from all that and just be devoted to Apple. If I want political commentary, I know where to find it. And I don't mean to come off as a whiner looking for a board cop. I'd much prefer for people to self-regulate, but, for those that can't, actions should be taken. For example, a moderator editing out an offensive sentence from someone's post should be the price one has to pay for writing something inappropriate. I dig this board and would love to get past this issue. ✌🏼 I understand what you are saying. That is the tough part, when a post is mostly on topic, and really just has one outburst that just doesn't add to the post, whether that is political, a personal attack, or whatever. Like AppleSauce pointed out, especially lately it's been a mostly thankless job, but we've also had a dwindling number of posts. It's infrequent that we have more than 20 posts in a day. And maybe that's ok, as not everyone has time to check in on a ton of posts each day, but it also means there isn't too much discussion going on. It's a lot easier to feel ok weeding the garden, if the garden is actually full and trying to produce. I have no interest in editing people's posts, and am not going to do that. I don't think any of the current moderators have an interest in that either. (at least not as standard practice, but we do reserve that ability) Instead, I will pull posts, and we might even have to change it so that it goes into a black hole where even the originator can't see it. It makes it kinda pointless if you spend some time posting, and then it just disappears. The other step is just temporarily or permanently banning some users. If sanitizing the board was what we were after, all it would take is dropping 1-5 users. But while the first 2 might be an easy choice, especially if looking at focusing on AAPL, Apple, and Finances, I don't think any of the moderators think we are there yet. Lovemyipad, when actively moderating, said that she would delete messages if need be, but would often try to leave messages up to show the bad example. That's an interesting take, but after years of this I understand that method. In general that is what we are going for, of mostly self-moderation, with some light moderation when needed. It seems you are all grown adults that have done well thanks to AAPL. We've been lucky to not have to deal with spam lately. Maybe we can all pull together and manage to stay on topic, and keep the moderator workload light. Just like Lovemyipad wanted.
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Post by duckpins on Mar 11, 2022 11:47:48 GMT -8
Another problem with this mass sell off is the low volume. Usually sell offs end in a tsunami of fear and disgust. They don't drip drip drip down. I fear this may continue for a while.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Mar 11, 2022 11:55:20 GMT -8
I was tempted by AAPL today, though I'm also tempted by QQQ. Roughly speaking, AAPL is down 15% from it's peak, the Nasdaq is down 20%, and the S&P is down 12%.
Instead of going big, today I decided to change up my Roth, selling the small portion of XOM I had, and buying more AAPL there, at just above $156.
It's not really enough to move the needle, but the XOM position had been from AAPL dividends, so really I was just reinvesting the dividends. Just not as quickly as Lucky normally tries to be.
We seem to be stuck in one of these "big scary wall of worry" timeframes, where some try to minimize their risk over the weekend by deleveraging beforehand. If bad news can happen at any time, then 3 days of space is much more risky than just 1 overnight period.
The flip of that is that if looking long enough out, buying stock or a wide ETF on a Friday going into close could lower the cost basis by another percent or two. It is tempting at times, even if the "available funds" is margin instead of cash. Sometimes it takes some self control, some self moderation, just like in other parts of life.
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Post by Lstream on Mar 11, 2022 12:14:19 GMT -8
I’d like to make a few comments on todays activity: Hard to imagine anyone would call opening the thread a “privileged position”. About a year ago, the position opened up, and no members indicated much interest. After several weeks, I filled the position, because I enjoy this board and wanted to contribute. I am on the west coast, so I spend at least an hour each weekday searching for relevant news stories about Apple and compose the opening post before I hit the sack. My goal is to stimulate a lively discussion and hopefully engage more members. Most days however, no comments are made on the news stories contained in the opening thread. And I really don’t see an increase in participation. Opening the thread has been a thankless task. I think about half a dozen members have expressed appreciation over the past year. And I thank those members, it was nice to hear from you. The Reuters news link and my brief comment in todays opening thread, may have resulted in the most activity of any news story in my opening thread in the past year. What does that say about this board? What is the outrage about? Tim Cooks concerns about equality? My support of his support of equality? Which comment of mine was so inflammatory, “A voice of reason.”, and/or “Proud to be an shareholder.”. If you are not “Proud to be an shareholder”, why are you holding shares? What if a CEO said last night “I support Russia” ? Would that comment have made the newsfeeds? Would the comment be worthy of discussion? Would you still hold on to the company shares? Tim Cooks’ comment made all the news services last night, and I thought it was relevant, so I included it. Where was the outrage when misogynist, hateful comments were posted on this board? I told myself I would open the daily thread for one year. I enjoyed contributing to the board and the experience. I will end this task on Friday, May 13, so that other board members can participate. I would also be willing to be a moderator if a position is open. I would really like to see this board grow in a healthy way, and I do appreciate those members that contribute thoughtful, relevant posts about everything Apple. I agree with you and thank you for doing what is a totally thankless task for a year. The reactions your comment led to are totally unfair and out of line in my opinion. But not at all surprising considering where the initial rant came from. I don’t blame you for calling it quits, whether or not it was planned.
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Post by Odd-Lot Richard on Mar 11, 2022 12:17:37 GMT -8
And don’t think it isn’t appreciated! (Editing to tag you so I can get my drubbing from you as well.) Hard to imagine anyone would call opening the thread a “privileged position”. I could have chosen my qualifiers better. Again, your self-appointed task is not privileged, but the starting thread *is* privileged, and for the most part, you make responsible decisions. About a year ago, the position opened up, and no members indicated much interest. After several weeks, I filled the position, because I enjoy this board and wanted to contribute.… Opening the thread has been a thankless task. I think about half a dozen members have expressed appreciation over the past year. And I thank those members, it was nice to hear from you. and yeoman’s work you’ve made of it since! As I said, I would find the task to be drudgery, and as I failed to say, I for one appreciate it. I regret that I haven’t said so since you started. Thanks! The Reuters news link and my brief comment in todays opening thread, may have resulted in the most activity of any news story in my opening thread in the past year. What does that say about this board? What is the outrage about? Tim Cooks concerns about equality? My support of his support of equality? Which comment of mine was so inflammatory, “A voice of reason.”, and/or “Proud to be an shareholder.”. If you are not “Proud to be an shareholder”, why are you holding shares? You obviously know which of your comments inflamed macster, because you chose explicitly not to address it just now. “A voice of reason.” I am not going to go the JDSoCal route and say it’s all about the money and Tim Cook should shut up about anything else, but I can express grave concerns when he steps out of his wheelhouse to weigh in on sociopolitical matters. What if a CEO said last night “I support Russia” ? Would that comment have made the newsfeeds? Would the comment be worthy of discussion? Would you still hold on to the company shares? Absolutely—if you don’t hold shares, you wouldn’t have a chance to boot the board that installed a totalitarian-bootlicking CEO in the first place, or get to install new leadership. Are you seriously equating people who support Russian war and war crimes against civilians with people who think schools should not be indoctrinating students about what is a private family matter? Many of us hold tens of thousands of shares, and in this time when Mr Market is moving against us to the tune of hundreds of thousands of dollars, these kinds of “provocations”/“microagggressions” do not serve anything but as a trigger for some of the hot heads on the board. Where was the outrage when misogynist, hateful comments were posted on this board? You didn’t see the outrage? I’m not about to go poring over them, but I thought sufficient outrage was expressed. We don’t see them now, do we? I don’t think that equates with the decision of a state to leave private decisions private—let parents teach their views and values to their children. Children already get conflicting ideas from their neighbors, and I don’t think the state’s education should step in on one side or the other, at even higher grades. Am I as bad as a Russian sympathizer? I happen to think that “gender-affirming” (according to your Reuters article) medical interventions and treatments sanctioned by parents before the child can even drink alcohol is completely wrong-headed. Given the brain only fully matures at 25-ish, I think it’s foolish to even think about it personally until after that time. But I usually keep that opinion to myself, and don’t nag the board with it. I don’t ask that you do the same about your judgments, starting the threads and all, but I do note that this is a mixed board politically, and if you get called on it by hotheads, you were pretty much asking for it. If you truly wanted to have an open discussion about this, you could put it in a non-starter comment and allow it to get consigned to the dungeon, where you can slug it out with those who disagree enough to say so. I wouldn’t say it’s cowardly to put it in an opener thread, but it’s the same kind of tactic that racists use when they tell me to go back to where I came from (NYC?) when I can’t answer back.
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Post by Odd-Lot Richard on Mar 11, 2022 12:45:21 GMT -8
Instead of going big, today I decided to change up my Roth, selling the small portion of XOM I had, and buying more AAPL there, at just above $156. It's not really enough to move the needle, but the XOM position had been from AAPL dividends, so really I was just reinvesting the dividends. Just not as quickly as Lucky normally tries to be.. Ugh. I wrote an $80 May call on an initial $81 round lot of XOM (now about 153 shares with DRIP) just a few days before it ripped from $72 to $78—I did not see Russian posturing as a real threat, at all. I should sell about 50 shares of the original cost-basis while prices are high, to register a nominal profit off the DRIP shares. It’s also a Roth account, so it’s only to make myself feel better about a series of shortsighted decisions and missed opportunities when it gets called away. Sometimes it takes some self control, some self moderation, just like in other parts of life. sigh. If only I could adhere to this.
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Post by Odd-Lot Richard on Mar 11, 2022 12:54:32 GMT -8
Another problem with this mass sell off is the low volume. Usually sell offs end in a tsunami of fear and disgust. They don't drip drip drip down. I fear this may continue for a while. I wish more of our old technician commenters were still around. I could never understand them but it always made for interesting reading. If I recall correctly, this dribble melt down should form a base at some point. If that level fails, watch out! Otherwise, we’re trying to see a cup and handle confirmed.
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4aapl
Moderator
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Post by 4aapl on Mar 11, 2022 13:14:42 GMT -8
Instead of going big, today I decided to change up my Roth, selling the small portion of XOM I had, and buying more AAPL there, at just above $156. It's not really enough to move the needle, but the XOM position had been from AAPL dividends, so really I was just reinvesting the dividends. Just not as quickly as Lucky normally tries to be.. Ugh. I wrote an $80 May call on an initial $81 round lot of XOM (now about 153 shares with DRIP) just a few days before it ripped from $72 to $78—I did not see Russian posturing as a real threat, at all. I should sell about 50 shares of the original cost-basis while prices are high, to register a nominal profit off the DRIP shares. It’s also a Roth account, so it’s only to make myself feel better about a series of shortsighted decisions and missed opportunities when it gets called away. I sold my USO (pretty small position, but annoying over the past 2 years since the cliff fall) and CVX (a decent size that I'd held maybe 5 years, up and down over time, with a basis at 105) at the end of December. Opps. Even if not talking enough to move the needle, it's still annoying to have messed up that one. If selling those today, there might have been around an additional $100k gain. I thought about selling XOM a couple days ago when oil was touching 120 briefly, so I missed out on maybe $5/share extra. Small potatoes. Still, while some people manage to at least occasionally time something near perfect, this wasn't one of them. OTOH, I now own a little more AAPL, and then I picked up some QQQ in the final minute. This might not be the low, or even near it. But purchasing at >20% off the high means I'll have a 25% gain when it eventually hits the highs again. The odds on that and the odds on the level compared to here, over the next year, 2 years, and 3 years would just be a wild guess. But looking out that far while keeping in mind likely interest rate changes, the probabilities in my mind felt favorable enough.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Mar 11, 2022 14:05:31 GMT -8
I’m guessing that when the people buying-the-dip quit their dip buying and the price is allowed to hit its bottom it will be the only dip worth buying. The sooner that happens the better, but I fear that it may take a while. Your guess is likely better than mine.
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