Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 1, 2013 14:01:01 GMT -8
Bar's open.
|
|
|
Post by phoebear611 on Nov 1, 2013 14:40:35 GMT -8
Looks like it's just you and me
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 1, 2013 15:01:24 GMT -8
Oh come on Gruber. Rockstar's a patent troll? I'll grant you the association with Microsoft - but Microsoft is extracting its patent due fair and square. And is a pretty big software company last I checked.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 1, 2013 15:06:42 GMT -8
Since Apple didn't break out the launch weekend numbers per model last year, I'm wondering if we see a press release from Apple on Monday morning stating that the iPad saw an increase in launch weekend sales over last year, but it will be given as a percentage increase so as to hide the actual numbers (which understandably are commercially sensitive). Or perhaps worded something like "we more than doubled sales of the 9.7" model compared to last years launch".
It was great seeing the iPhone lines in India today, where one of the nations largest carriers is offering a subsidised iPhone for the first time. It's not normal for subsidised handsets in India, as the carriers have little in the way to track customers who default on plans. Cleverly they have instead partnered with a credit card company, which is responsible for payments of the monthly plans. So you need a credit card to buy the phone subsidised. I wonder if Apple put together this deal, as its doubly advantageous for them seeing as it of course increases iPhone demand, as well as delivering every new iPhone owner as someone who has a credit card to use with iTunes & App Store purchasers.
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 1, 2013 15:08:38 GMT -8
More than one way to sell an iPhone.
Now, India is not China is not Japan, but I like to refer to Japan as an example of Apple adjusting to a particular market and finding success.
|
|
|
Post by joel90069 on Nov 1, 2013 16:35:33 GMT -8
Arrived in Beijing early this morning. There is an Apple Store a couple of blocks from my hotel. Plan to check it out later. I don't speak a word of Mandarin but perhaps I can get a feel. Planning to buy an iPad Air but will wait until I get home.
|
|
|
Post by mcharliem on Nov 1, 2013 18:24:54 GMT -8
Google "dividend capture strategy". It makes about as much sense as buying a stock before/after an announced share split (which Apple will be able to do fairly soon, amusingly enough), but hey. I get that people THINK it's something that traders do, but it seems like a myth. Like I said before, I've never heard of anyone who actually does this. And since I can't imagine there's any edge to be had there, I can't imagine anyone consistently does it.
|
|
|
Post by chasmac on Nov 1, 2013 19:24:15 GMT -8
Got the Mrs. the new iPad Air tonight. Really nice and should get a lot of existing users to upgrade. Had fun doing speed tests with a 2, 3 and the new Air. Wow.
Cheers.
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 1, 2013 20:03:14 GMT -8
Enjoy, Chas! The A7 is a pretty impressive chip and I'm hoping Apple isn't done optimizing for it.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,181
|
Post by JDSoCal on Nov 1, 2013 21:52:27 GMT -8
Oh come on Gruber. Rockstar's a patent troll? I'll grant you the association with Microsoft - but Microsoft is extracting its patent due fair and square. And is a pretty big software company last I checked. Someone should also point out to the left-screaming Gruber that patents aren't just some silly controversial laws; they are constitutionally created, settled legal doctrines for centuries. Get the fuck over it!
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 1, 2013 22:32:18 GMT -8
If you feel that way about Gruber's post I'd hate/love to know what you think about Matt Drance's take. ;D
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 1, 2013 22:47:37 GMT -8
Anyone bought/got to see an iPad Air today? Really is a beautiful device, even if it's "just a big iPad mini". Super-light for its size, and maybe I have to check my eyes out but it somehow looks way more substantial than it is. It's hard to explain...it's ridiculously thin but it doesn't look that way, maybe because of the rounded edges. It's just natural as heck to pick up and use. I didn't notice the "iPhone 1 nostalgia" until I saw iPad Air, even though it shares the same external design as the mini. Apple could reduce the top and side bezels still further, but it's a plenty good enough design for the next 2 years. The current generation Apple aluminum designs have a tiny bit of "give" (at least iPhone 5/5S and iPad Air), but it's not bothersome. Given that "drop machine" video, maybe it's by design? Anyway, it's a very gentle reminder to not throw the thing at walls or something. No real surprises about the performance. Very solid, a definite boost over the A6 in higher-load situations - though either iOS 7 needs further optimization or Apple's SoCs are getting "due" for a bump in RAM. Then again I'm something of a iOS "power user" - most people won't notice the very small "hiccups" here and there that you really only invoke by putting the device under heavy load and then doing something like going back to the home screen. A7 is a multitasking beast - the GarageBand 16-track demo was tremendously impressive. This thing will have the (at least apparent) raw horsepower of late-model MacBook Airs sooner than we think. Who cares it's not a 4MP display. iPad Air should do very well this fiscal year.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,181
|
Post by JDSoCal on Nov 1, 2013 23:09:08 GMT -8
If you feel that way about Gruber's post I'd hate/love to know what you think about Matt Drance's take. ;D I'm so sick of these childish anti-patent tantrums. Sure, some reform of the abuses is in order. But the same side of the aisle that loves to tell us that "Obamacare is the law, get over it!" (and Gruber does love his little political posts without any comment area to rebut him, including one rant about the gov shutdown) wants to shriek and stomp their feet over laws actual authorized by the Constitution since 1787. Patent is the law, GET OVER IT! Constitutional conventions have consequences! I now return me to my regularly scheduled greyhounds.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,181
|
Post by JDSoCal on Nov 1, 2013 23:15:01 GMT -8
If you feel that way about Gruber's post I'd hate/love to know what you think about Matt Drance's take. ;D BTW, you want to see some nice hypocrisy and watch these liberal, anti-patent bloggers perk up and defend Article I, Section 8 real quickly, ask them about ad blockers and plagiarism of their writings and see how they feel about intellectual property. E-mail Gruber and tell him you're going to post all of his blog here in its entirety every day, and see how he really feels about ideas being free. But but...patent is different!
|
|
|
Post by Lstream on Nov 2, 2013 3:39:01 GMT -8
I am surprised at the Gruber venom. I read his article, and to me the dominant theme is that Google is no innocent victim here, as some bloggers are trying to say. Rockstar will get its criticism, because they are a PAE, and not an operating company.
PAE's are for the most part despicable low life who launch frivolous law suits against companies that cannot afford to fight back. What these people do is legalized extortion. So I can see how Rockstar is being tarred with the same brush. Not totally fair, but somewhat understandable.
Gruber's comments below are more anti-Google, than anti-Apple. I am glad to see Rockstar go after Google, given the FRAND abuse they have been engaging in, via Motorola. Google is the worlds biggest hypocrite, especially on IP, and I hope for much pain coming their way on this.
|
|
|
Post by Red Shirted Ensign on Nov 2, 2013 7:17:50 GMT -8
Google's arrogance over the Nortel auction will come back to bite them, and I'm glad.
Bidding derivations of Pi and assuming it's ultimate victory, by hook or crook,......they have missed the bigger game. They started ( or at least fanned the flames) of the current patent wars. Now they will reap what was sowed. FRAND will be quietly thrown back at them by those they abused in the past.
Can't bid 4.4 billion for something and then say it isn't worth anything.
Don't be Evil....
|
|
|
Post by lovemyipad on Nov 2, 2013 10:57:10 GMT -8
Negative / bearish divergence on GOOG daily chart. Just sayin...
|
|
|
Post by lorenzo on Nov 2, 2013 11:05:34 GMT -8
"I get that people THINK it's something that traders do, but it seems like a myth. Like I said before, I've never heard of anyone who actually does this. And since I can't imagine there's any edge to be had there, I can't imagine anyone consistently does it."
I've since retired, but when I used to trade, I often participated in dividend spreads. They are low risk and potentially high reward. They are still done, and I'm sure we'll see a huge spike in volume on any deep call line with decent open interest.
There is actually pretty decent expected value in a lot of these trades, thus much different than buying stock before a split. The idea is to get short a lot of calls on lines with large oi- ideally multiples of the oi. This is done mainly by doing 0 delta deep call spreads and exercising the long side of the spread. This leaves you short calls and long stock. You then hope that you don't get assigned on as many calls as possible. Your risk is you don't cover the commission costs of the trade (which becomes substantially reduced per contract with large volume) with the dividend proceeds from unexercised calls. Your profit = div proceeds from unexercised calls - (commission of trade + call extrinsic value).
Also, a good rule of thumb is if the put on the same line as your long call is worth less than the div payment, the call should be exercised. If for margin reasons, you can not exercise the call, then close it out or roll it up to a nonexercise call. This should be done on the day before the stock goes ex.
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 2, 2013 11:25:16 GMT -8
Something we all agree on, Lstream: "I am glad to see Rockstar go after Google, given the FRAND abuse they have been engaging in, via Motorola. Google is the worlds biggest hypocrite, especially on IP, and I hope for much pain coming their way on this."
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,181
|
Post by JDSoCal on Nov 2, 2013 12:28:54 GMT -8
Rockstar will get its criticism, because they are a PAE, and not an operating company. Except that criticism is dumb and unfounded. Rockstar is hardly a mere PAE. It is a consortium that represents actual practicing entities (like Apple and MSFT) which are producing actual products and services. Companies - competitors! - coming together to use new technology in a cooperative way is exactly what the patent reformers claim to want. Because Google decided to bid competitively against them, instead of joining the consortium, and then pretending the patents were not patents instead of licensing them after they got beat down in the auction, is hypocrisy and aggression in the extreme. Google needs to be put down like a rabid coyote. I'm sorry if some of the more shallow thinkers out there in the blogosphere equate any legal action related to intellectual property to trolling, but that's just nonsense. Legal rights are meaningless without pursuing (and being awarded) remedies if they are infringed. Anyone who thinks Google should get away with this conduct is retarded and should not be listened to on any IP matter. It would be fun to see how Gruber and his anti-patent ilk would respond if Google had a new search routine (which they offered with an open source license) that would display the entire front page of a Website on Google's search result page, so you never had to actually visit the site itself. People could read all of Gruber's stuff without ever leaving Google - or seeing any of his banner ads. You'd see a copyright lawsuit from these patent reformers in a heartbeat. Just tell some of these bloggers you use ad blocking software and see what they say. "Stop, thief!" Intellectual property: Good for crusading bloggers, bad for big scary corporations. Because ideas should be free.
|
|
|
Post by nagrani on Nov 2, 2013 13:14:31 GMT -8
|
|
|
Post by mcharliem on Nov 2, 2013 14:06:37 GMT -8
"I get that people THINK it's something that traders do, but it seems like a myth. Like I said before, I've never heard of anyone who actually does this. And since I can't imagine there's any edge to be had there, I can't imagine anyone consistently does it." I've since retired, but when I used to trade, I often participated in dividend spreads. They are low risk and potentially high reward. They are still done, and I'm sure we'll see a huge spike in volume on any deep call line with decent open interest. There is actually pretty decent expected value in a lot of these trades, thus much different than buying stock before a split. The idea is to get short a lot of calls on lines with large oi- ideally multiples of the oi. This is done mainly by doing 0 delta deep call spreads and exercising the long side of the spread. This leaves you short calls and long stock. You then hope that you don't get assigned on as many calls as possible. Your risk is you don't cover the commission costs of the trade (which becomes substantially reduced per contract with large volume) with the dividend proceeds from unexercised calls. Your profit = div proceeds from unexercised calls - (commission of trade + call extrinsic value). Also, a good rule of thumb is if the put on the same line as your long call is worth less than the div payment, the call should be exercised. If for margin reasons, you can not exercise the call, then close it out or roll it up to a nonexercise call. This should be done on the day before the stock goes ex. Lorenzo, here's my original post on the topic from Friday. (see below) The strategy of writing calls that you and I describe isn't what they're taking about. They're talking about going long into a dividend unhedged with the belief that the stock won't fully correct for the dividend the following day. "Just out curiosity, do you know anyone who actually does this (Buy right before ex-dividend with the intention of dumping right after)? I've honestly never seen or even heard of any trading firms or individuals to ever do this. The only strategy I've heard of is firms who write a ton of way-in-the-money calls right before ex-dividend (with a 100% hedge) with the hope that a significant number of those calls will go unexercised and they can profit on every call they still have short the day after ex-dividend. There's definitely edge in that strategy, the only question is how many calls go unexercised. But where exactly is the edge in buying a stock right before a dividend when known dividends are always completely priced in?"
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 2, 2013 14:19:05 GMT -8
Knee-jerk question But but overpriced? Relative to equivalent-level competing smartphone zero-down on-contract plans? I have no idea about the India market, but $50US/month with zero down for 2 years sounds...better than any deal I know of in the US.
|
|
|
Post by infohunter on Nov 2, 2013 14:34:58 GMT -8
It would be great if we got the same deal with China Mobile. 😜
|
|
|
Post by nagrani on Nov 2, 2013 15:36:21 GMT -8
It's possible. I think November is going to be great.
I anticipate apple announcing the iPad mini avail date, china mobile, and an Apple TV update all in the next two-three weeks in some sort of unexpected media event. You heard it here first folks.
|
|
coma
Member
Posts: 520
Member is Online
|
Post by coma on Nov 2, 2013 16:14:23 GMT -8
I anticipate apple announcing the iPad mini avail date, china mobile, and an Apple TV update all in the next two-three weeks in some sort of unexpected media event. When I was talking to my shrink yesterday, I commented that something big was going happen this Friday the 8th . . . but what do I know, I've got brain damage.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 2, 2013 16:14:48 GMT -8
Knee-jerk question But but overpriced? Relative to equivalent-level competing smartphone zero-down on-contract plans? I have no idea about the India market, but $50US/month with zero down for 2 years sounds...better than any deal I know of in the US. I think most people here would agree that the US has the highest priced average monthly cellular plans, but of course you normally have the highest handset subsides also. $50US a month for the average Indian is simply out of the question, but there is a decent slice at the top of the population that would be able to afford that. I wonder how big that slice is in India - even if its just 5% of the population its 65 million potential consumers.
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 2, 2013 16:26:54 GMT -8
Well, I'm from the US and you from NZ. We need a more regional expert. ;D
|
|
|
Post by Red Shirted Ensign on Nov 2, 2013 16:27:31 GMT -8
iPhone Finally Offered in India on contract
Reliance Communications Ltd., India’s third-largest telecom company by number of users, has said it will offer Apple Inc.’s iPhone 5S and 5C with a two-year contract, the first time that iPhones will be subsidized by a telecom operator in the country.
The iPhone 5C is displayed at the Apple campus on Sept. 10, 2013 in Cupertino, California. Getty Images The contract system, which is widely prevalent in other parts of the world, is a rarity in India. Telecom operators in India don’t subsidize the handset for their subscribers as the lack of a universal data base–such as the U.S.’s social security number–makes it difficult to track users and determine their credit worthiness.
In fact, Reliance Communications’ own experiment with a contract system in 2003 was a big failure.
Reliance Communications, then known as Reliance Infocomm Ltd., had partnered with LG Electronics Inc., Samsung Electronics Co., and Nokia Corp., to offer subscribers a handset at a huge subsidy. A Nokia handset that cost about 10,000 rupees ($161) in the retail market was given to users for an upfront payment of a mere 501 rupees. The offer drew about a million new subscriptions within 10 days of the launch, but consumers dumped the phone and switched service providers) after a few months, leaving Reliance Communications with massive losses.
This time, Reliance Communications is minimizing its risks by tying up with credit card companies, which will be responsible for the billing. People without credit cards can’t sign up for the offer.
Reliance Communications said it will sell the iPhone 5S for 2,999 rupees ($48.5) per month and the 5C for 2,599 rupees per month. The amount would include unlimited phone calls, Internet subscription and no additional costs.
The contract system will also help Apple gain more users in the world’s second largest telecom market by users after China. The latest versions of iPhones go on sale from Friday with the 5S priced at 53,500 rupees ($865) per unit and the 5C at 41,900 rupees per unit. That’s a steep price in India, where most of the country’s 900 million users use the cheaper feature phones. Even those that want to migrate to a smartphone prefer handsets in the $200 category.
Apple has also timed its launch ahead of Diwali, one of the biggest festivals on the Hindu calendar and a time when people spend lavishly on consumer goods. Nokia Corp., Samsung Electronics and Sony Corp. also launched smartphones priced at a similar range last month, hoping to take advantage of the boom in consumer spending ahead of Diwali.
------
Above from WSJ
|
|
icam
Member
Posts: 447
|
Post by icam on Nov 2, 2013 20:35:29 GMT -8
|
|