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Post by phoebear611 on Jan 30, 2014 20:44:37 GMT -8
That list is just not long enough Zeke!
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Post by Zeke on Jan 30, 2014 20:58:15 GMT -8
Folks, I don't post much here since I retired. I'm too busy, not sitting at a desk all day anymore. I do drop in from time to time and read. As of yesterday I'm all cash. I hated to dump 6 figures worth of AAPL just after a $50 drop, but hovering at $500 is just a really bad place to be. If AAPL falls through that support there aren't many stopping points on the way to $400 and I remember the fall from $700. I'm hoping things settle down before the end of the day on 2/10/2014 so I can feel a little more comfortable buying it all back. Last year I sold about Memorial day at $440 and bought back July 1 at $400 for a nice $40 per share differential. I'd planned to do that again about now. Unfortunately I got distracted on Monday and didn't follow through as I'd planned.
I don't think AAPL is a bad investment. The long term story is still there. The speculators won't be happy with it for the foreseeable future, but that's OK. Microsoft is dead, and as long as the Bills stay on the board any new CEO isn't going to resurrect it. Hardware that depends on Windows or Android will not be competitive in the long term. What's the long term alternative for enterprise besides Apple? Certainly it isn't Android. If money is not a consideration, which cell phone do people really want? Apple will be fine going forward.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jan 30, 2014 21:27:41 GMT -8
I've been suggesting to buy Disney for years...the ESPN content alone would be worth a fortune, just to have the option to stream it to all iOS users.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jan 30, 2014 22:38:43 GMT -8
Just thought I'd mention the $500 call put wall we have holding our pants up right now. I was going to buy some put spreads today, but I got greedy and distracted and waited too long. We made it all the way to 506.xx, so I blew that one. If we can breach 502.50, I'll buy some 505-500 put spreads, just for kicks. Otherwise, it's on to next week...
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