Deleted
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Post by Deleted on Jan 2, 2014 10:23:02 GMT -8
One of his better segments, not just because he came out for AAPL, but because he dropped the "clown" act. That said, Cramer's rebuttal of Wells Fargo's 'downgrade' was lucid, well based and forceful. I watch daily trading volume, and while its nearly impossible to interpret its meaning, some things can be discerned. Namely, who's trading? At these volumes the Institutions are most definitely NOT trading (still on holiday break?).
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Post by firestorm on Jan 2, 2014 10:26:45 GMT -8
It's for the whole year. You can hold the door open for Mactradr. No, I insist: old cranks first. ;D
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Post by macwire on Jan 2, 2014 10:33:50 GMT -8
Just blowing off a lil steam guys mistimed a trade. Jeez! Lol. Btw I changed my nickname. Previously macwire.
Been overly negative lately my apologies. Just swallowing the bitter pill from last year looking through my aapl trades. C'est la vie
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Post by Red Shirted Ensign on Jan 2, 2014 10:50:32 GMT -8
AAPL is just not easy to trade, period. I'm often on the wrong end of the basis game, most recently the buy at 560 that I was sure was a tradable bottom, with all that .....good.....news......right around the corner... I suppose we have to burn off those January 2014 positions, generally...looking at that option chain reminds me of our AFB forecast thread from last year....in these cases the people did put their money where their mouths were...
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Deleted
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Post by Deleted on Jan 2, 2014 10:58:30 GMT -8
Sea of red out there today, not just AAPL.
Got some cheap 557.50/560 call spreads.
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chinacat
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AAPL Long since 2006
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Post by chinacat on Jan 2, 2014 11:00:37 GMT -8
Must be a lot of hangovers still. In an attempt to change the mood a bit, let me propose a toast to the finest forum moderator on the net.. !!!!! LOVEMYIPAD !!!!
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Post by hledgard on Jan 2, 2014 11:06:23 GMT -8
She is great. And has an easygoing positive presence that psychologically sets a nice tone.
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Post by artman1033 on Jan 2, 2014 11:08:40 GMT -8
Must be a lot of hangovers still. In an attempt to change the mood a bit, let me propose a toast to the finest forum moderator on the net.. !!!!! LOVEMYIPAD !!!! AMEN!
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Post by cbingle on Jan 2, 2014 11:12:35 GMT -8
Must be a lot of hangovers still. In an attempt to change the mood a bit, let me propose a toast to the finest forum moderator on the net..
!!!!! LOVEMYIPAD !!!!
Sycophant. Not that there is anything wrong with that...
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Post by archibaldtuttle on Jan 2, 2014 11:30:38 GMT -8
Looks like the b-band compression could break to the downside. Unreal, from a fundamentals perspective... But a 500 jan option pin must look mighty juicy for the options sellers...
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Post by appledoc on Jan 2, 2014 11:44:50 GMT -8
Handful of January 525/530 put spreads for short-term protection.
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Deleted
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Post by Deleted on Jan 2, 2014 11:46:08 GMT -8
Sea of red out there today, not just AAPL. Got some cheap 557.50/560 call spreads. I went with the $555/$560 Call Spread.
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Deleted
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Post by Deleted on Jan 2, 2014 11:52:38 GMT -8
A lot of misdirected gloom on this board today.
Take a look at the nasdaq 100 stocks, I count at least 25 stocks that are down more than AAPL today.
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Deleted
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Post by Deleted on Jan 2, 2014 12:22:54 GMT -8
A lot of misdirected gloom on this board today. Take a look at the nasdaq 100 stocks, I count at least 25 stocks that are down more than AAPL today. You say 25 worse off...I say 75 better off
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Post by appledoc on Jan 2, 2014 12:32:05 GMT -8
A lot of misdirected gloom on this board today. Take a look at the nasdaq 100 stocks, I count at least 25 stocks that are down more than AAPL today. It's been four months since a meaningful retrace. There's the January pin looming if you choose to believe in it. Below the SMA20 again, and headed toward the SMA50. BB squeezing. Plenty of reasons to be wary. Good place to hedge yourself.
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Post by mcharliem on Jan 2, 2014 12:34:42 GMT -8
Looks like the b-band compression could break to the downside. Unreal, from a fundamentals perspective... But a 500 jan option pin must look mighty juicy for the options sellers... The 500 jan expiration options are trading right now with a 94 delta. The gamma on them is so small that even with the 90k contracts of open interest, nobody really cares about them. The weight of the pin effect is basically gamma x OI, so if you do the math and compare it to all the other strike & expiration combinations, you'll see how little those 500s matter.
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Post by cbingle on Jan 2, 2014 12:52:33 GMT -8
Buy all you can for the run into earnings...release the noise and use your brain.
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Deleted
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Post by Deleted on Jan 2, 2014 13:05:14 GMT -8
Well that was a BS day. Absolutely no reason for the opening big gap down other than the market makers wanted it there. The Wells Fargo clown was just the excuse used to explain it away. Tomorrow we should see a move higher.
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Post by lovemyipad on Jan 2, 2014 13:16:41 GMT -8
Hi, Birdie! I've missed you! Happy New Year!
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Deleted
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Post by Deleted on Jan 2, 2014 13:19:55 GMT -8
Happy New Year to you too!
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Deleted
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Post by Deleted on Jan 2, 2014 13:20:25 GMT -8
PCs, Tablets, TVs - Which of these three product categories earned more revenue in 2013?
(Hint: It's the one category Apple doesn't currently compete in).
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Post by lovemyipad on Jan 2, 2014 13:23:00 GMT -8
One of the regulars from Avi's group is a professional money manager and uber bull -- on the equities markets in general and AAPL specifically. He's been saying for the last month that beginning on the first trading day of 2014, he expected a short-lived (1-2 week) broad-market sell off due to de-leveraging. He hypothesizes it will be a bear trap. Being an AAPL bull, he hypothesizes AAPL may do the "inverse SPY/SPX" thing again, in which case he thinks puts on SPY might be a "safer" portfolio hedge than puts on QQQ -- since, if AAPL does rally, it's taking QQQ with it. Just thought I'd pass that along...
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Jan 2, 2014 13:26:48 GMT -8
Don't see this being the reason. Motorola has been down this flop path many times now. It is almost like Blackberry cutting the price of its devices. Hardly anyone cares. The Moto X has sold like cold cakes (we know this because Google does not release its sales numbers, and just cut its price.). Price cuts are meaningless to Apple, since 99% of earthlings have never even heard of the Moto X, let alone coveted one. Jay Leno could do a whole night of his Jaywalking segment dedicated to it, and not find one person who knows WTF a Moto X is. I doubt most Jeopardy contestants would. And even if the Moto X was some well-known phone, price cuts on Fiat 500's have no effect on Mercedes 500's ASP's. I also don't believe general market down = AAPL down. AAPL has proven that it is its own market. No, today was due to Gaynerd Bum's attention whoring, which got plenty of play this morning. It's always annoying and disheartening when AAPL is down, but for quite some time, I've been holding off on any significant long positions until we are past LEAPS expiry, and into earnings season. I am hoping and somewhat predicting that by March Q earnings, we are into the stratosphere again. It all comes down to Apple's guidance in Jan... Cheers to the longs. And the shorts? May a love-starved fruit fly molest your sister's nectarines.
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Deleted
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Post by Deleted on Jan 2, 2014 13:31:56 GMT -8
I fear moto x price cuts about as much as I feared Microsoft zune price cuts in 2006, or Microsoft surface price cuts today.
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Post by lovemyipad on Jan 2, 2014 13:43:57 GMT -8
My AAPL option positioning over the past few weeks: On the run from 550 to 577, I scaled OUT of all bull spreads that expired before JAN'15, and I rolled just about every JAN'15 bull spread to JAN'16. So my earliest option "long" exposure is JAN'15, all of which are currently 50 strikes ITM and hopefully stay ITM. For JAN'16, I have strikes between 400 and 650. For AAPL-specific hedge, in the 570s, I put on APR'14 550/530 bear spreads. In the 20-point gyrations since then, I've swing traded in and out of these (intact spreads -- not individual legs) to improve cost basis by a point here and there. I'm not expecting a repeat of JAN'13 post-earnings price action, but I'm never, EVER going into earnings with as much options exposure as I had last year. I thought I was conservative with my strikes and expirations -- ha! THIS time, I can better weather a 100-point drop (that lasts a year) without permanent ramifications (read: portfolio annihilation). And finally, my unsolicited two cents: anyone dabbling in short-term option plays, just make sure you're equipped to lose it ALL. If you are, then great. Have fun, and I hope you win the jackpot!
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Deleted
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Post by Deleted on Jan 2, 2014 14:25:24 GMT -8
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Mav
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Post by Mav on Jan 2, 2014 14:28:34 GMT -8
I can't wait to see Samsung's latest quarterly report. ;D
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Post by qualitywte on Jan 2, 2014 14:33:02 GMT -8
I can't believe we don't have reports claiming to know CM sales. The really surprising part is that they aren't making up bogus figures. Are all the hit whores on strike?
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Post by Red Shirted Ensign on Jan 2, 2014 14:46:44 GMT -8
I can't believe we don't have reports claiming to know CM sales. The really surprising part is that they aren't making up bogus figures. Are all the hit whores on strike? I have to agree. It seems so strange not to get "store inquiry" metrics or something like that. Just WHAT smartphone family are China Mobile customers interested in buying to take advantage of their fine new network? Not that all will even work on it at optimum speeds....but hey, can't somebody interview the store manager of a big Bejing CM store and have him say: "ten times more people asking about the Iphone than the Galaxy"
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Deleted
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Post by Deleted on Jan 2, 2014 14:50:13 GMT -8
I can't believe we don't have reports claiming to know CM sales. The really surprising part is that they aren't making up bogus figures. Are all the hit whores on strike? Probably because all the hit whores are just that, with no actual journalistic resources that would possibly give them any information on China. Due to their lack of being able to understand the Chinese language, they can't even rely on the hit whores only real source of actual information - English based google results.
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