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Post by aapl4kiki on Oct 5, 2012 18:32:16 GMT -8
NO PERSONAL ATTACKS!!!!!!!!!!!!!!! I will delete posts with personal attacks, and then you will have to read/write 10,000 posts about the evils of censorship!!! And to point out the obvious: If JD can manage to be tactful, the rest of you have NO excuses!!! Hey! That sounds like an attack disguised as a complement. O
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Post by stkstalker on Oct 5, 2012 18:35:31 GMT -8
Looks like apple is tanking because of foxconn.. there is a worker strike and all production has been halted. I dont see how all you people dont even bat an eye when you are losing thousands of dollars a day. I guess when your rich you dont give a damn I guess.. I am not rich and I need my money.. my entire life savings is in apple.. its not much but its everything I have. Yes I get concerned when I lose massive amounts of money. I really dont get why Im hated so much around here. Dude, Most members here probably don't hate you, but your posts are whiney and you don't listen to the advice you have been given. You are gambling on margin with money you say you cannot afford to lose. You need to either man up and quit bitching or de-lever and accumulate common shares for a while. You are not a successful market timer (most of us aren't). Invest at your comfort level, where you can sleep and not worry about the day-to-day stock price changes. We have all had to go thru a learning curve, but you don't need to share your daily angst. Please give it a rest. Just sayin'.
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Post by macziggy on Oct 5, 2012 18:50:50 GMT -8
Max pain of 640, based on what? Based on this website: www.option-calc.com/optioncalc/I expected the EOs to drive the stock down on Oct 10 (because they drove it down on April 10 and July 10), but, they may be doing it early because of all the potentially great news that is coming for AAPL in next few weeks. Wouldn't October be a great time to split the stock?
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Post by macziggy on Oct 5, 2012 19:16:07 GMT -8
Cobra says probably more down: "I believe more down ahead, target Fib 38.2% around $634.30. See chart below for reasons. It’s a general pullback rule, probably because most people are eyeing at the same place to buy therefore usually the pullback stops around there." www.cobrasmarketview.com/AAPL was down $14.21 today. So, that general area of Fib 38.2% is approximately $18 further down. What I hate is this back and forth thing. I would prefer to just get the down over with in time for the iPad Mini invite. But, things are never quite that simple with AAPL, are they? Maybe we will all be surprised with a double bottom here instead.
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Post by ccs on Oct 5, 2012 19:25:03 GMT -8
Surprised the stock didn't tank AH based on the Foxcon strike. OTOH, when 4,000 workers are ready to walk, there's another 8,000 ready to step right in. Not trying to be insensitive, just an observation.
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Post by mbeauch on Oct 5, 2012 19:30:41 GMT -8
NO PERSONAL ATTACKS!!!!!!!!!!!!!!! I will delete posts with personal attacks, and then you will have to read/write 10,000 posts about the evils of censorship!!! And to point out the obvious: If JD can manage to be tactful, the rest of you have NO excuses!!! How about that JD, you have set the standard for acceptance. Lol. I actually miss the old JD, not the chicken entrails JD, but the edgy ass that did not hold back his feelings. I like it when you can see a person is passionate about what they are saying. Just got through watching the Avengers, good movie.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Oct 5, 2012 19:38:25 GMT -8
NO PERSONAL ATTACKS!!!!!!!!!!!!!!! I will delete posts with personal attacks, and then you will have to read/write 10,000 posts about the evils of censorship!!! And to point out the obvious: If JD can manage to be tactful, the rest of you have NO excuses!!! Wow, you're right! Y'know, JD has been downright... ambassadorial here. Add in Chas and MB keeping their cool... Just so long as nobody brings up that guy that runs the Mac Observer forums. Slowly I turned...
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Oct 5, 2012 19:41:48 GMT -8
NO PERSONAL ATTACKS!!!!!!!!!!!!!!! I will delete posts with personal attacks, and then you will have to read/write 10,000 posts about the evils of censorship!!! And to point out the obvious: If JD can manage to be tactful, the rest of you have NO excuses!!! How about that JD, you have set the standard for acceptance. Lol. I actually miss the old JD, not the chicken entrails JD, but the edgy ass that did not hold back his feelings. I like it when you can see a person is passionate about what they are saying. Just got through watching the Avengers, good movie. Nurse Ratched finally got me.
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Post by newton on Oct 5, 2012 19:53:46 GMT -8
Is there still a chance we could see 700 by the end of the year? Im not really sure what to do. I really hate to even mention this but Im considering selling everything and walking away from the stock market. I cant keep losing money everyday on a stock that has forgotten the color green. At 690 Im considering selling, that would be break even on my last trade. Im so discusted with myself that I went all in full margin. FWIW I have about a third of my savings invested in Apple shares right now. I first bought at around 619 earlier this year. The stock rose to around 630 and then started dropping eventually bottoming out at 530. I was a little worried at that time and I could have just sold everything and taken the loss. But I didn't. I bought more at 530. In hindsight, my timing was perfect. I wish I bought even more. I was very relived to see it rising again and eventually hitting $700. It looks like the stock has turned bearish again but I'm not giving up on apple. If the stocks hit low $600, I will buy again. I'm pretty new to stock investing so I have a lot to learn. Eventually I want to try playing with aapl options. hopefully i can learn a few things from the option pros here.
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Mav
Member
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Posts: 10,784
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Post by Mav on Oct 5, 2012 22:16:22 GMT -8
newton, just me personally with the non-advice but unless you've been an investor for years with a history of, say, dozens of trades (how many dozens is a personal choice, I guess), I would not even think about options.
Options are for those of us impatient folk who don't know any better, or think they do. It's leverage, pure and simple, with all the benefits and risks that implies. But unlike more "ordinary" leverage like car loans and home mortgages, the clock can run out much more quickly. Of course, throw in margin and you have a recipe for potential disaster.
Start at your own pace. Figure out why you think options fit in to your trading objectives. Understand how they work and what bandwidth of cost and time to expiration and risk seem right for you. Know that zero-out trades are a very real possibility with any directional trade (I would almost say "inevitable"), even the non-directional ones. Realize the danger of most options strategies - it's kinda like playing the stock market at much higher speeds. If you do eventually decide to try options, start small and with realistic goals and contingency plans in mind. I think I can speak with some authority on the dumb ways to trade options topic, having been trading options for over 10 years in some form or another.
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Post by rickag on Oct 6, 2012 3:59:15 GMT -8
Margin call would probably be 500 a share, but at that point I would be out a LOT of money. I would actually start losing money that I made this year if apple dipped below 550. While there are no guarantees $550 for AAPL at this point seems far fetched and $700 seems much more likely. Margin scares me that's why I don't use it.
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Post by mbeauch on Oct 6, 2012 5:43:12 GMT -8
How about that JD, you have set the standard for acceptance. Lol. I actually miss the old JD, not the chicken entrails JD, but the edgy ass that did not hold back his feelings. I like it when you can see a person is passionate about what they are saying. Just got through watching the Avengers, good movie. Nurse Ratched finally got me. Are you calling Lovey Nurse Ratched? That was one creepy movie.
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Post by fas550 on Oct 6, 2012 5:54:45 GMT -8
Looks like apple is tanking because of foxconn.. there is a worker strike and all production has been halted. I dont see how all you people dont even bat an eye when you are losing thousands of dollars a day. I guess when your rich you dont give a damn I guess.. I am not rich and I need my money.. my entire life savings is in apple.. its not much but its everything I have. Yes I get concerned when I lose massive amounts of money. I really dont get why Im hated so much around here. Nate ultimately you have to do what is comfortable for you. There are no guarantees and like all investments there is a given loss/reward for risk. I can tell you that the reason we don't seem to bat an eye is most of us have been through this before, many times before. I too started with almost nothing (1200 cash advance from a cc) and it has been a loooong processes, with much learning, with much worry, with much satisfaction along the way. Given your specific situation: Excluding any large macro factors Apple will continue to rise and 700 is on that path. The question is when and obviously the longer we lookout the more certain it is. In between now and when it does get to 700 a multitude of things (share price) could happen. The issue is the time factor. I prefer to not have the pressure of time but that's me. In all this time I have been doing this I have never, repeat NEVER made a decision I was later happy with when I made it out of emotion/panic. You will make a far better decision by looking at all the data in front of you in a rational state of mind writing down the options, +\- of each option and then thinking how you would evaluate the decision you made perhaps a month or two in the future given the possible outcomes. Lastly I would sincerely doubt anyone hates you as you haven't done anything to warrant that level of emotional investment. I would say we are frustrated sometimes reading your tirades as many, many here really do want you to succeed and the frustration comes from you seemingly not to listen to advice but instead decide to surrender to emotion which all of us know means certain failure.
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Post by Tetrachloride on Oct 6, 2012 7:06:16 GMT -8
Foxconn denies any massive strike Reuters as "reported" by China Labor Watch. Let it be noted that there are no pictures of a "massive strike." We have more pictures of Syria. Therefore we have a likely nominee for FUD. Certainly plenty of hot air from somewhere. I'm sure Apple will be monitoring the manufacturers with increasing vigilance.
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
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Post by Mav on Oct 6, 2012 11:17:29 GMT -8
Huh. Imagine that.
Rule of thumb for anyone newer to Apple watching: If it's not from a major news source (preferably one without an axe to grind against Apple for whatever reason), you should probably wait for further confirmation.
Ten people dead in the late September Foxconn riot? Still waiting for confirmation on that one, too. No, Cult of Mac/Wired doesn't count IMHO.
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Post by artman1033 on Oct 6, 2012 14:05:27 GMT -8
Foxconn denies any massive strike Reuters as "reported" by China Labor Watch. Let it be noted that there are no pictures of a "massive strike." We have more pictures of Syria. Therefore we have a likely nominee for FUD. Certainly plenty of hot air from somewhere. I'm sure Apple will be monitoring the manufacturers with increasing vigilance. If you click on the original link , www.chinalaborwatch.org/news/new-433.html The "strike" news has been updated: Update:
[glow=red,2,300]From October 1st to October 8th, it is the national Holiday in China. Foxcom required workers in the ZhengZhou Factory to work during this time to meet the production demand of iphone 5. On October 5th, workers from the OQC (onsite quality control) line went to the factory and then left due to the conflicts. Foxcom denied that these workers strike. However, according to the workers, they went on strike instead of not volunteering to work overtime. October 5th is a holiday, the workers are paid 3 times their normal pay. These workers went back to work on Saturdy.[/glow] So, it does not appear to be a work stoppage-strike. It was a refusal to work overtime for 3 times pay. AMAZING!
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