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Post by tuffett on Aug 13, 2013 12:01:07 GMT -8
Oh, nice. So we can speculate about things that may or may not happen in the future. I guess they must receive the seal of approval first though.
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Post by Red Shirted Ensign on Aug 13, 2013 12:01:12 GMT -8
Darn...I wanted a 490 close... ;D
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Post by terps530 on Aug 13, 2013 12:01:14 GMT -8
What was that 200 day average we were worried about....... or 485? also cramer this morning right at the bell was talking about the good day aapl had yesterday and how quiet it was, kind of going up and up behind the scenes. it seems we have poked our head back out today, now being talked about nonstop on the news.
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Post by mrentropy on Aug 13, 2013 12:01:59 GMT -8
while net im up a good amount today, i find it funny that a) i picked today to close off some open calls I had and make them a spread, AND b) opened a put spread to hedge the recent big gains. my other bullish positions outweighed both moves, but KICKING myself calculating what it would be if i just waited hah! afk writing 'A profit is a profit' 100x on the chalkboard. I did a very similar thing today. Bought Sept 460s this morning, and then covered them by selling weekly 485's, about an hour before the Icahn news. Poor timing..... But, a profit is a profit. I might actually use them to cover the Sep9 455's I bought a week and a half ago instead. Either way, I'm not kicking myself too hard, neither should you.
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Deleted
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Post by Deleted on Aug 13, 2013 12:05:51 GMT -8
Ooooooo I wouldn't want to be a short today. Approx shares Short today 21 Million. Ouch.
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SomeJuan
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Taking a nap…
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Post by SomeJuan on Aug 13, 2013 12:13:32 GMT -8
Wheeeeeeeeee.
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Post by lovemyipad on Aug 13, 2013 12:15:24 GMT -8
WOW!!!!!!!!!!!!!!!!!!!
WHEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!
WOW!!!!!!!!!!!!!!!!!!
WHEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!
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Mav
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Post by Mav on Aug 13, 2013 12:19:41 GMT -8
Tomorrow will be crazy for sure but today? Wow.
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Post by dreamRaj on Aug 13, 2013 12:26:27 GMT -8
Tomorrow will be crazy for sure but today? Wow. I think tomorrow would be THE day for Apple to buy back a boatload of shares simply to shatter the $500 mark and bring back that AAPL frenzy again.
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Deleted
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Post by Deleted on Aug 13, 2013 12:28:38 GMT -8
It's great seeing the finance news networks actually talking about AAPL & Value in the same sentence. Seeing the bear analysts trying to counter today's developments with whinges about possible margin reductions blah blah blah just look utterly ridiculous and irrelevant.
AAPL is suddenly a unlocked value story.
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Post by The Big Toe on Aug 13, 2013 12:31:37 GMT -8
I just want to give everyone a heads up that I may be lightening up on my common shares on Wednesday, and I expect to send a tweet out about the trade... so go ahead and blame me if AAPL opens on tomorrow at $489.52.
I guess my tweets just don't move the market as much as Carl's.
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Post by appledoc on Aug 13, 2013 12:53:05 GMT -8
WOW!!!!!!!!!!!!!!!!!!! WHEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!! WOW!!!!!!!!!!!!!!!!!! WHEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!! I expect a quick closure of the gap to 514.
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Post by rickag on Aug 13, 2013 13:07:17 GMT -8
Wow, just had a chance to check in. Did I read correctly … volume was over 30 million shares traded!
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Mav
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Post by Mav on Aug 13, 2013 13:11:31 GMT -8
What's scary for bears is that Icahn, assuming he's somewhat Einhorn-like in his support of stocks he owns, is basically a GIANT backstop of sentiment and buying power. His rep gives me pause, but then again, Apple _should_ be able to handle him as a new investor. And with the buyback, Apple's and Icahn's interests are decently aligned.
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Post by The Big Toe on Aug 13, 2013 13:21:40 GMT -8
Just wearing my tinfoil hat...
Did Icahn NEED to announce his position? If it is not some type of SEC requirement, then why announce? By announcing he knows this would drive the price up, thus he must be done buying, or getting ready to sell. Pump and dump.
This is why I hate that the SEC allows twitter announcements.
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Post by Red Shirted Ensign on Aug 13, 2013 13:22:50 GMT -8
The numerous messages contained in the tweets and Apple corporate response should allay any fears:
Messages..
1) apple is undervalued
2) I come in peace
3) Tim and I are talking and we like each other. We'll talk again..and again
4) more buybacks are a good idea,,( oh, see no. 3 above)
5). I may buy more Apple. Stay tuned.
Nice
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Post by phoebear611 on Aug 13, 2013 13:29:55 GMT -8
Icahn's style isn't pump and dump ... he'll be in this for a few hundred points at least. That said, I didn't fall off a turnip truck yesterday and am well aware that he announced in order to get a bump. Interestingly, Ellison was not that kind with our fruit company today so there was a risk as to what might play out. Clearly Icahn being Icahn has more weight in his actions.
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Mav
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Post by Mav on Aug 13, 2013 13:32:11 GMT -8
Icahn is actually a market player. Ellison, eh, his comments on Apple today aren't that far off from Woz's if you ask me.
Thanks for the perspective on Icahn, phoebear!
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Mav
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Post by Mav on Aug 13, 2013 13:34:42 GMT -8
Red
1) Finally, another big investor who's NEW to AAPL says this
2) Not so sure about that, but Icahn is "lower risk" since Apple is a powerful, tightly-run company
3) Shareholder-friendly is typically a good thing, at least
4) Shareholder-friendly is typically a good thing, at least ;D
5) You go right on ahead, Icahn. And maybe a new iPhone or two!
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Post by phoebear611 on Aug 13, 2013 13:39:08 GMT -8
The 13F filings are starting to be announced and it looks like David Tepper went from 540k to 383k shares of AAPL ... so he lightened up a little. FWIW
(FYI these filings are as of June 30th)
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Post by phoebear611 on Aug 13, 2013 13:42:51 GMT -8
This is typical Icahn thinking .... it's all about the math to him. Reuters just put this short pgh out on the story:
(Reuters) - Hedge fund billionaire Carl Icahn told Reuters on Tuesday that he believes Apple has the ability to do a $150 billion buyback now by borrowing funds at 3 percent.
"If Apple does this now and earnings increase at only 10 percent, the stock -- even keeping the same multiple currently -- should trade at $700 a share," Icahn said in a telephone interview.
Apple has "huge borrowing power, little relative debt and trades at a low multiple," Icahn said.
Shares of Apple were at $489.57 on Tuesday.
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Deleted
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Post by Deleted on Aug 13, 2013 13:44:24 GMT -8
It took me a while to go through all the possibilities on what is driving PC Ratio up (Bearish sentiment) so much while AAPL has been on a Bullish tear. This is my interpretation of what is going on with Options.
Calls are being exercised, reducing the number of Calls outstanding. In other words, Put interest is not growing by virtue of the sale of more Puts. The ratio of Puts to Calls shows greater Puts in relation to Calls, as Calls are being exercised, and Puts are not.
This has been going on since July 31, and is borne out by a drop in actual Call Open Interest (declining number of Open Calls) vs a relatively stable number of Open Puts.
The Put/Call Ratio is being skewed in favor of Puts because Call contracts are being eliminated via exercise.
I would expect that after Friday's OE the number of Open Puts will drop significantly, while Call Open Interest grows. I would not be surprised to see the P/C Ratio drop from today's 0.82:1 ratio down to 0.69:1 (dropping even further the following week).
To me this is strong reinforcement of Bullish Investor Sentiment.
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Post by doublerainbow on Aug 13, 2013 13:53:42 GMT -8
i remember being on a pricing call with Icahn for a convertible offering a few yrs ago... he didn't know much about converts but we were all intimidated anyway - very commanding and gets what he wants... i hope he is the catalyst for a major move forward!! very exciting (:
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Mav
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Post by Mav on Aug 13, 2013 14:06:32 GMT -8
This is typical Icahn thinking .... it's all about the math to him. Reuters just put this short pgh out on the story: (Reuters) - Hedge fund billionaire Carl Icahn told Reuters on Tuesday that he believes Apple has the ability to do a $150 billion buyback now by borrowing funds at 3 percent. "If Apple does this now and earnings increase at only 10 percent, the stock -- even keeping the same multiple currently -- should trade at $700 a share," Icahn said in a telephone interview. Apple has "huge borrowing power, little relative debt and trades at a low multiple," Icahn said. Shares of Apple were at $489.57 on Tuesday. Assuming Icahn's math is somewhere in the ballpark, I think Icahn will have to be satisfied with the $60B authorized so far. Not to say Apple won't expand the program, I think they will, let's just see the expansion to anywhere near $100B first (which would already be a sky-high number).
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Post by phoebear611 on Aug 13, 2013 14:07:13 GMT -8
So there is much speculation on Icahn's AAPL position being announced just as the technicals were lining up ... and of course he gave it the bump needed. I will try to give Icahn the benefit of the doubt since, according to CNN: The Securities and Exchange Commission requires institutional investment managers like Icahn to disclose holdings within 45 days of the end of a calendar quarter. The most recent quarter ended June 30, so Icahn would have to file this week. So maybe it was coincidence...or maybe it wasn't...we will never really know but I'm having a tough time wiping the smile off my face tonight
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Post by phoebear611 on Aug 13, 2013 14:08:25 GMT -8
This is typical Icahn thinking .... it's all about the math to him. Reuters just put this short pgh out on the story: (Reuters) - Hedge fund billionaire Carl Icahn told Reuters on Tuesday that he believes Apple has the ability to do a $150 billion buyback now by borrowing funds at 3 percent. "If Apple does this now and earnings increase at only 10 percent, the stock -- even keeping the same multiple currently -- should trade at $700 a share," Icahn said in a telephone interview. Apple has "huge borrowing power, little relative debt and trades at a low multiple," Icahn said. Shares of Apple were at $489.57 on Tuesday. Assuming Icahn's math is somewhere in the ballpark, I think Icahn will have to be satisfied with the $60B authorized so far. Not to say Apple won't expand the program, I think they will, let's just see the expansion to anywhere near $100B first (which would already be a sky-high number). I completely agree. I think you are spot on. Let's see how it plays out.
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Post by Red Shirted Ensign on Aug 13, 2013 14:09:52 GMT -8
Gruber of Daring Fireball on his views on the proposed future Iphone lineup. (It looks a lot like most of ours). daringfireball.net/
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Post by lovemyipad on Aug 13, 2013 14:13:42 GMT -8
So there is much speculation on Icahn's AAPL position being announced just as the technicals were lining up ... and of course he gave it the bump needed. I will try to give Icahn the benefit of the doubt since, according to CNN: The Securities and Exchange Commission requires institutional investment managers like Icahn to disclose holdings within 45 days of the end of a calendar quarter. The most recent quarter ended June 30, so Icahn would have to file this week. So maybe it was coincidence...or maybe it wasn't...we will never really know but I'm having a tough time wiping the smile off my face tonight Bulls should be sending flowers. ;D
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coma
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Post by coma on Aug 13, 2013 14:22:24 GMT -8
I'm having a tough time wiping the smile off my face tonight Is it Friday yet, I need sedation.
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Mav
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Post by Mav on Aug 13, 2013 14:23:21 GMT -8
I know my Oct 550 calls would be thanking "Uncle Carl."
Hey, maybe I can buy me an iPhone 5S now! ;D
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