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Post by Red Shirted Ensign on Aug 23, 2013 12:44:18 GMT -8
Sometimes I lose track of what's rumor and what's real. Just to help me out, let me see if we have this straight. On September 10, Apple will have an event and will announce two new iPhones, a 5s and a 5C. The 5C will be a lower cost alternative active to the 5S. OK. Those are the rumors that have not been confirmed by Apple. The things we actually know are.....heck, what DO we actually know? I guess we know there will be new product categories before the end of the year. And that a new Mac Pro is coming soon as well as a revision to IOS. My not to subtle point here is that I am a little cautious about the quasi certainty that has developed around sept 10. Just as with the game that used to be played with earnings, inflated product expectations can lead to disappointments that can move the stock. I believe that if the speculation were way off base Apple would move to quell the excitement. They have done this in the past, using Dalrymple or the WSJ to dampen the rumor mill... This time we have as close to confirmation from Apple that we will ever get that there is a September 10 event. The parts showing up in lots of places seem to indicate two new phone styles...iOs 7 is nearly ready to go and has been pretty much seen..but will it have integration strengths we don't understand yet? But...fingerprint sensor? Faster Processor? Pricing? Is the "c" really a "5" in a plastic case? nobody knows....and could there be "one more thing"
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Post by ericinaustin on Aug 23, 2013 13:07:13 GMT -8
Was anyone watching aapl option pricing and was it doing anything funny when the Nasdaq shut down yesterday? Scuttlebutt is that aapl action was front and center when they closed the door.
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Post by artman1033 on Aug 23, 2013 13:10:27 GMT -8
FWIW: I have spent many of the last 36 hours visiting the Great Minnesota Get Together.
All is well.
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JDSoCal
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Post by JDSoCal on Aug 23, 2013 13:18:21 GMT -8
Undoubtedly Forstall has a one year non-compete clause in his separation agreement. Paying him for 6 months as a consultant (though he probably had no contact with Apple during that time) was a smart move. Essentially Apple got an 18 month non-compete. Aside from sales of businesses, non-competes are illegal in CA. This is why Apple keeps people on as consultants. As big as a boob as Ballmer is, it is pretty sad that the stock of a company a guy co-founded pops the day he announces his retirement. Then again, he's a billionaire and I'm not, so screw him.
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Deleted
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Post by Deleted on Aug 23, 2013 13:38:10 GMT -8
Undoubtedly Forstall has a one year non-compete clause in his separation agreement. Paying him for 6 months as a consultant (though he probably had no contact with Apple during that time) was a smart move. Essentially Apple got an 18 month non-compete. Aside from sales of businesses, non-competes are illegal in CA. This is why Apple keeps people on as consultants. As big as a boob as Ballmer is, it is pretty sad that the stock of a company a guy co-founded pops the day he announces his retirement. Then again, he's a billionaire and I'm not, so screw him. LOL. I guess investors are giving the board credit for actually caring at long about the windows death spiral and the fact MS spluttered in every new tech emerging market for the last 15 years. One measure of successful change is if we see an iOS release of Office. Such a no brainier. Even Apple would likely want it to happen.
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Deleted
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Post by Deleted on Aug 23, 2013 13:40:10 GMT -8
Ballmer is Microsoft's Sculley. Ouch.
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chinacat
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Post by chinacat on Aug 23, 2013 13:45:00 GMT -8
Ballmer is Microsoft's Sculley. Ouch. ...and I wish Sculley would shut up.
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Deleted
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Post by Deleted on Aug 23, 2013 14:45:28 GMT -8
That was worse than incredibly bad. See what happens when you've forgotten how to be innovative/creative.
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Deleted
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Post by Deleted on Aug 23, 2013 15:19:40 GMT -8
How much do options impact equities. In my opinion, who knows?
OI at the Close today was 2,886,586 contracts.
Compare that OI on January expiry 2013: 4,413385 contracts.
Are the number of contracts down because the stock is down, or is the stock down because options are down?
My gut tells me they move in tandem, but what do I know?
I do know this, since I began tracking OI (Sept 2012), the number of net new Calls and Puts drop dramatically during the week following Monthly Options Expiry, that is, except for August Expiry 2013. Breaking from historical trend, net new Calls increased dramatically during the week following OE, while Puts continued the trend of dropping like a rock.
Is this a Sentiment indicator for October expectations? Only da Shadow know.
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JDSoCal
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Post by JDSoCal on Aug 23, 2013 15:59:30 GMT -8
How much do options impact equities. In my opinion, who knows? OI at the Close today was 2,886,586 contracts. Compare that OI on January expiry 2013: 4,413385 contracts. Are the number of contracts down because the stock is down, or is the stock down because options are down? My gut tells me they move in tandem, but what do I know? I do know this, since I began tracking OI (Sept 2012), the number of net new Calls and Puts drop dramatically during the week following Monthly Options Expiry, that is, except for August Expiry 2013. Breaking from historical trend, net new Calls increased dramatically during the week following OE, while Puts continued the trend of dropping like a rock. Is this a Sentiment indicator for October expectations? Only da Shadow know. January always has more open interest because they are LEAPS. Lots of long-term Sponge bets. Look at Jan 14 $500 OI. I think it's one reason we got whacked last Jan, and I'm not the only one who thinks so.
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