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Post by ericinaustin on Jul 29, 2013 18:47:47 GMT -8
There is a long and well written article by Dilger at Apple insider about how google may soon ditch android. Not sure if mentioned here or not. Started reading with a lot of " no way" and ended with a " hmmmmmm".
Eric in Austin
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Mav
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Post by Mav on Jul 29, 2013 19:05:46 GMT -8
See, Mercel, that Reddit guy is an anonymous hidden Apple fanboy...
...unless of course he's _right_ about the S4 Active not having warranty coverage for water. ;D
Aqua Mode? Easy Mode? What is WITH the tacky features?
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Mav
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Post by Mav on Jul 29, 2013 19:06:31 GMT -8
If Google ditches Android, Apple catches a gigantic break. Dare Google do that to promote Chrome? That'd be a bigger slight to Rubin than ripping virtual leather and green felt out of "Forstall's" iOS.
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Post by BillH on Jul 29, 2013 19:29:21 GMT -8
I think Dilger's essentially correct. Thing is, the same market will remain available to them so I'm not sure it's quite the windfall we'd like it to be. Apple transitioned the MacOS to unix without much problem. It's all about how they handle the transition and whether or not they can write a full OS around their linux core.
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Mav
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Post by Mav on Jul 29, 2013 19:33:40 GMT -8
That's the thing.
Android is Java-based. Very, very different.
Rearchitecting to Chrome OS will mess up the developer community unless there's...a...Java-based...runtime...environment within Chrome?
iOS 6 >> 7 = significant changes but mostly flawless transitional compatibility with recent-vintage apps.
Either Android OS 9's its way to Chrome, or it pivots quite suddenly. Either way causes tons of Android userbase angst.
Sure Google will have good customer retention. But not everyone lives on Google in that Android installed base.
I have a tough time seeing Google give up Android, even as the lack of Android 5.0 release makes me wonder.
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Post by Red Shirted Ensign on Jul 29, 2013 19:50:27 GMT -8
AAPL up nicely AH and futures fairly green. Japan better on weakening Yen
Central Banks next..
And tomorrow more revelations of what's buried in Beta 4
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Mav
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Post by Mav on Jul 29, 2013 20:01:03 GMT -8
Good show at PED's website, Mr. Merc el. ;D I didn't have sufficient conviction to hold my options through tomorrow. I guess my somewhat more conservative butterfly shift (B/E ~ 442 or so) and buy-up counts as my "trim and trail". :/ I like where AAPL is going but we're headed for one heck of an action area. 460 and 470 are big reference points, and I'd feel better about tomorrow if not for that bizarre bear goal-line stand or whatever at 449.99. Still pretty positive, but a bit cautious super-short term.
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Post by Red Shirted Ensign on Jul 29, 2013 20:04:28 GMT -8
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Post by bryanyc on Jul 29, 2013 20:06:00 GMT -8
Update from the ledge.... I am about a month into this experiment in free money and so I thought I would let everyone know how it is working out. It seems like the more rocks I turn over, the more interesting this gets. As you may remember, back at the end of April, I refinanced my house to raise money to buy Apple shares. I took out a $400,000 7/1 ARM at 2.375. The total cost of the loan was $407000 and I received $400,000. By the time I received the proceeds, Apple was at $435 so I bought 900 shares. I sold 9 July 20 calls at 475 and received $1595. If you remember, we plummeted to under 400 right after that so I bought the calls back for $200 and then sold 9 more July 20 calls at 440. These calls brought in $1522 and expired worthless. This gave me a profit of around $3000 for the month. The first mortgage payment of $1522 is due August first. In that payment, about $800 is interest. The August dividends will pay $2745. My goal in doing this exercise is to generate an additional $1500 a month. I had planned to do this by selling monthly options about 40 points above the current price but never lower than 40 points above the 435 I paid. Now I am rethinking this. Because I live in the Peoples Republic of Oregon, taxes are an real consideration. Being called away and taking a short term gain of the profit would mean that about 44% of the gain (35 Fed, 9 State) would go to fund the retirement of DMV employees. I believe it will make more sense to sell Jan 17 2015 calls at 550. If called away, the $100,000 profit would then be a long term gain. The calls would bring in about $20,000 which would give me close to the desired monthly income until the options expire. If they get called away, I will pay off the mortgage and use the $100,000 to fund the $1500 per month for a few years. So, what do you think? Is it wise to sell the longer term calls to get a 15% tax rate instead of a potential 35%? Are there risks here that I am missing? There are many people in this board with sharper pencils than I. I welcome your insights. AFAIK selling calls is always taxed short term even though held long term. As in buying a leap spread short leg is taxed short term. Due your own diligence on this.
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Post by Deleted on Jul 29, 2013 20:15:32 GMT -8
There is a long and well written article by Dilger at Apple insider about how google may soon ditch android. Not sure if mentioned here or not. Started reading with a lot of " no way" and ended with a " hmmmmmm". Eric in Austin After I read the article I did the same thing.
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Post by Deleted on Jul 29, 2013 20:17:58 GMT -8
AFAIK selling calls is always taxed short term even though held long term. As in buying a leap spread short leg is taxed short term. Due your own diligence on this. It is. IRS considers the sale date the date you received payment.
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Mav
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Post by Mav on Jul 29, 2013 20:18:44 GMT -8
Ha! "Whoops Proof" Galaxy S4 active warranty doesn't cover liquid exposure. ;D wp.me/p1re2-3ipk
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Post by Red Shirted Ensign on Jul 29, 2013 20:31:19 GMT -8
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Mav
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Post by Mav on Jul 29, 2013 20:45:33 GMT -8
Wow. From "What About Bob"? to "Bob for President!" daringfireball.net/2013/07/mansfieldHe unfortunately appears to be a bit too "transient" or even technical to be an Apple CEO candidate, but I'm just happy the guy's still around. Looking forward to him talking about the A7 chip in what I hope is a few weeks.
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Mav
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Post by Mav on Jul 29, 2013 20:48:08 GMT -8
I'm telling ya, Red, I saw some tick-by-tick AAPL prices on my platform, and it was ridiculous. Hovered at 449.99 and tiny fractions off 449.99, and then the push back. That invisible wall of calls was in play, and this is just Monday!
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JDSoCal
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Post by JDSoCal on Jul 29, 2013 21:50:09 GMT -8
I'm telling ya, Red, I saw some tick-by-tick AAPL prices on my platform, and it was ridiculous. Hovered at 449.99 and tiny fractions off 449.99, and then the push back. That invisible wall of calls was in play, and this is just Monday! I'm no TA guy, that's for sure, but I think it was just normal resistance, being so early in the week. The calls just aren't that high yet. True, volume is low and thus easier to manipulate with levers. But I think it was just a regular resistance level that formed after a pop. Perhaps we shot our wad, so to speak. Suffice it to say, 450 is a big time resistance level on Tues. If we can blow past it to the 454.xx range, it could be huge, not just for this week's expiry, but all the way out to the monthlies. We really, really need these early week pops, and have them go high enough to send the open interest scrambling. $7-9/day, every day! Just like the good old days. Go AAPL!
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Post by bud777 on Jul 29, 2013 21:57:48 GMT -8
AFAIK selling calls is always taxed short term even though held long term. As in buying a leap spread short leg is taxed short term. Due your own diligence on this. It is. IRS considers the sale date the date you received payment. Thanks. I expected to pay short term gains on the 22K. My concern was paying short term gains on the gain in the stock. Selling calls month by month, I could get called away before I had held the 900 shares for 6 months. Selling the Jan 2015 call would mean that if it was called away after January 2014, it would be a long term gain since I bought the stock at the end of June. Of course, Apple could hit 550 before January 2014 and I would still have the short term gains. Thanks to all who responded, I never would have had the guts to do this without this board.
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Post by Deleted on Jul 29, 2013 22:46:58 GMT -8
Good show at PED's website, Mr. Merc el. ;D I didn't have sufficient conviction to hold my options through tomorrow. I guess my somewhat more conservative butterfly shift (B/E ~ 442 or so) and buy-up counts as my "trim and trail". :/ I like where AAPL is going but we're headed for one heck of an action area. 460 and 470 are big reference points, and I'd feel better about tomorrow if not for that bizarre bear goal-line stand or whatever at 449.99. Still pretty positive, but a bit cautious super-short term. Who dat? ;D I don't give price predictions, but we may need a catalyst or two before August ends if avoid a grind around the area where August monthlies reside. Like JD said, it's great to see early strength and with new product launches coming soon, hopefully institutional interest pulls us higher, earlier.
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