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Post by mjuarez on Oct 3, 2012 18:45:58 GMT -8
Thank you so much to mjuarez for gifting us with 500K ad-free clicks! Thank you so much to fas550 for gifting us with 750K ad-free clicks! [/size][/quote] And thanks to lovemyipad for keeping this an awesome place we all like to come back, learn from and (hopefully) contribute to!
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Post by aapl4kiki on Oct 3, 2012 18:48:58 GMT -8
Nick Nansen has a new blog up tonight that I believe is worth reading, "US Stock Market and the Robber Barons, Where’s the SEC?" nanseninvestments.com/Nick asks how does one survive. The answer can be quite simple, IMO, which is good because I am a simple man. Here is kinda sorta what I do, and please consider it non-advice. Buy LEAPS within 5-10% of the money with at least 16 months or so to expiration. Step into to each position with at least 2-4 buys. If going out to Jan 2015, maybe go a little farther out of the money, if you want to. Keep some cash available. When there is a WTF sale, buy some at/near the money calls 6-9 months to expiration. Harvest gains in Apple periodically and put some of the gains into income-oriented investments. I have chosen dividend paying stocks. Average yield on cost for my current positions is about 5%. But I am sure some of you boys and girls have better ideas Thanks for the ideas roni. When harvesting gains, is it a gut feeling, technicals, some percentage rule?
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Oct 3, 2012 18:52:37 GMT -8
Nasdaq 100 futures went from +2 to +12. Still very early of course, but I think AAPL has a decent shot of holding 670 tomorrow, at least for a little while.
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Post by phoebear611 on Oct 3, 2012 18:56:47 GMT -8
I may be wrong - and I am not bringing politics into it but numerous tweets from business people saying to watch the futures open strong due to Romney's performance. I really don't know if that is a result of the strength but twitter is filled with those tweets.
(More importantly .... God I wish aapl would buy twitter!)
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Post by roni on Oct 3, 2012 19:03:47 GMT -8
Nick asks how does one survive. The answer can be quite simple, IMO, which is good because I am a simple man. Here is kinda sorta what I do, and please consider it non-advice. Buy LEAPS within 5-10% of the money with at least 16 months or so to expiration. Step into to each position with at least 2-4 buys. If going out to Jan 2015, maybe go a little farther out of the money, if you want to. Keep some cash available. When there is a WTF sale, buy some at/near the money calls 6-9 months to expiration. Harvest gains in Apple periodically and put some of the gains into income-oriented investments. I have chosen dividend paying stocks. Average yield on cost for my current positions is about 5%. But I am sure some of you boys and girls have better ideas Thanks for the ideas roni. When harvesting gains, is it a gut feeling, technicals, some percentage rule? On shorter term options, gut and % gain. I often take profits when I get a 20-40% gain in a week. With longer term options, it is more a time thing.
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Post by lovemyipad on Oct 3, 2012 19:05:56 GMT -8
I wish QE would buy AAPL.
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Post by mbeauch on Oct 3, 2012 19:11:23 GMT -8
I wish QE would buy AAPL. Queen of England?
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Post by mjuarez on Oct 3, 2012 19:18:33 GMT -8
I wish QE would buy AAPL. Queen of England? I believe Ms. iPad was talking about His Majesty Quantitative Easing The Third.
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Post by mjuarez on Oct 3, 2012 19:21:03 GMT -8
Nasdaq 100 futures went from +2 to +12. Still very early of course, but I think AAPL has a decent shot of holding 670 tomorrow, at least for a little while. Futures up 15 points right now. Geez, I'm not into politics, but if that's what it takes for AAPL to get to $800 in short order, then, "Go GOP!!", "Vote Romney 2012!!"
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Post by mbeauch on Oct 3, 2012 19:24:48 GMT -8
Queen of England? I believe Ms. iPad was talking about His Majesty Quantitative Easing The Third. I know, was just making a funny, or so I thought.
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Post by phoebear611 on Oct 3, 2012 19:35:45 GMT -8
Thank you to those who added to the credit amount - and to Ms iPad for all she does
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Post by mbeauch on Oct 3, 2012 19:43:22 GMT -8
Thank you to those who added to the credit amount - and to Ms iPad for all she does I love how the donations have gone up. With the donations I can think of we should be good for a couple of years by now. That is a good thing. This being add free makes it so much better.
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Oct 3, 2012 20:13:51 GMT -8
I wish QE would buy AAPL. If world governments bought AAPL when they had the chance...
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Post by madmaxroi on Oct 3, 2012 20:26:17 GMT -8
Harvest gains in Apple periodically and put some of the gains into income-oriented investments. I have chosen dividend paying stocks. Average yield on cost for my current positions is about 5%. Roni, I know that you calculate yield based on your cost basis and not on current pricing. Let's just agree to disagree on that one. What is the yield for people buying at today's pricing and do you have some examples of what you are buying?
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Post by mjuarez on Oct 3, 2012 20:37:38 GMT -8
If world governments bought AAPL when they had the chance... One thing that's potentially worrying, delving slightly into politics: AAPL's cash hoard is getting to be unbelievable. So much so that, potentially, AAPL could become target of a "wealth tax". Remember when the press and media, and even some senators, were asking for XOM, COP and others to pay an "oil tax", on top of all the other taxes, just 5 or 6 years ago? Right when they were reporting record revenues and profits, and oil got to $150+ a barrel, the media was getting all fired up, and even some congressmen/senators were demanding a "penalty" on oil companies. As if they actually controlled the price of oil! Of course, sometime after that, the western economy almost collapsed, and everybody forgot about the oil companies. But is that something that could happen to AAPL?
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Post by Red Shirted Ensign on Oct 3, 2012 20:55:23 GMT -8
That dreaded [glow=red,2,300]666[/glow]is in the rear view mirror....may it stay so! ( and a late day volume bump, please) Red, I want to thank you for teaching me patience via your quarterly swing trade philosophy... Because of this lesson, I had a lot of cash for bottom fishing yesterday and I just sold the Nov. Call piece of the pie for a tidy profit and everything else is longer term and looking very green right now. I wanted to rid myself of the shorter term option and I'm thinking that the 670 Call Open Interest this week will allow be to buy something longer term at a better price tomorrow... Cheers to the Longs on a Green Day! You are most welcome. And I thank you for reminding me to BE patient. Like everyone my foot is always near that gas pedal .......but as long as I don't release the clutch, alls good... Preparing the quarterly swing trade parameters now. The basis from last quarter's re-buy is 575 so .........where to begin the sells this time around? First piece is targeted for 690 or October 17....but that can ( and probably will) change......
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Post by doubledraw on Oct 3, 2012 21:01:55 GMT -8
big thanks to those that contributed to ad-free clicks!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Oct 3, 2012 21:03:04 GMT -8
If world governments bought AAPL when they had the chance... One thing that's potentially worrying, delving slightly into politics: AAPL's cash hoard is getting to be unbelievable. So much so that, potentially, AAPL could become target of a "wealth tax". Remember when the press and media, and even some senators, were asking for XOM, COP and others to pay an "oil tax", on top of all the other taxes, just 5 or 6 years ago? Right when they were reporting record revenues and profits, and oil got to $150+ a barrel, the media was getting all fired up, and even some congressmen/senators were demanding a "penalty" on oil companies. As if they actually controlled the price of oil! Of course, sometime after that, the western economy almost collapsed, and everybody forgot about the oil companies. But is that something that could happen to AAPL? I don't think actual policy changes are likely, but I agree that the cash hoard is becoming a political liability, especially since most nitwits in America don't really understand how corporations work or who really owns them. And one I do not think Tim Cook is completely tone deaf to. For this, and other reasons, I think we will be seeing the AAPL dividend rise considerably over time. Remember, however, that a large amount of that money is overseas and faces a double/repatriation tax, a policy which Apple has lobbied to change. The results of the upcoming election could, therefore, have an impact on this. One has to wonder if Cook increases the dividend the first chance he gets to do so, i.e., in three weeks.
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Oct 3, 2012 21:32:45 GMT -8
Just me personally, I would welcome an increased divvy ASAP (though I'm not a fan of the taxes, modest though they would be in my situation). It's a show of strength IMHO. Increases the "inevitability" of owning AAPL stock kind of how Jony Ive seeks inevitability in Apple design.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Oct 3, 2012 22:36:16 GMT -8
Just me personally, I would welcome an increased divvy ASAP (though I'm not a fan of the taxes, modest though they would be in my situation). It's a show of strength IMHO. Increases the "inevitability" of owning AAPL stock kind of how Jony Ive seeks inevitability in Apple design. No, please Apple, do not send me any more quarterly cash!
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Post by incorrigible on Oct 4, 2012 4:08:48 GMT -8
Sounds like we way overpaid for October. At 10K clicks per day, 300K should cover the month. I'm not as dumb as I look! I've only "applied" 150K credits to October so far. We've banked the rest for future use. Didn't know they could be banked. I'll contribute.
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coma
Member
Posts: 520
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Post by coma on Oct 4, 2012 4:16:47 GMT -8
Just a thought. 1.05 X $671.45 = $705.02 Only 5% to get back to the ATH. That's less than a restaurant tip. ;D I'll have to try one of those fancy restaurants some time.
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Post by rickag on Oct 4, 2012 5:02:26 GMT -8
Just a thought. 1.05 X $671.45 = $705.02 Only 5% to get back to the ATH. That's less than a restaurant tip. ;D I'll have to try one of those fancy restaurants some time. LOL good one
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