Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 17, 2014 3:38:07 GMT -8
Good morning everyone. Take solace in the early morning price action -- AAPL is nicely GREEN trading at 107.29 +0.54 (0.51%) at 6:00. It doesn't make up for yesterday, but it sure would be nice for a reversal to take hold. All major indices are GREEN as well. Perhaps Wall Street is anticipating the Fed... Yesterday was another tough day to watch for those of us who believe the fundamentals should have AAPL moving up. In the broader context AAPL performed relatively well. There is talk of institutions 'going to cash'. At some point they will decide they like the prices they see and hop in sending us the other way. In the interim review your portfolio, especially if you use margin, can you endure AAPL at 100? 95? 90? Will be surprised if AAPL breaks $100 but I have been surprised before. Missed my entry point yesterday morning. When it came around again in the afternoon I had second thoughts. Decided to see what today brings before committing. In the news: Electronista has an interesting analysis of Gartner's recent cell phone market share report. Their take away: Apple's iPhone gains share, will likely topple second-place Nokia. Again, reinforcing a positive view of Apple fundamentals. Bryan Chaffin at MacObserver has an excellent piece on the Apple iBooks case. Forbes has Five Important Lessons From A Trip To The Apple Store. Generally not a fan of bullet point puff pieces, but their bullets hit the target... Have a great day. Let's make money.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 17, 2014 4:18:36 GMT -8
Been debating whether or not to post this... re/code piece on Henry Blodget's (Business Insider) interview of Amazon CEO Jeff Bezos with a link to the Business Insider video. Decided to post it in the spirit of 'know your enemy'. The video is worth watching.... You'll gain some insight to BI's negativity on Apple.
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Post by redinaustin on Dec 17, 2014 4:52:32 GMT -8
I replied to a tweet linking that article asking if that was the same Jeff Bezos that invested in BI.
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Post by Stoker on Dec 17, 2014 5:16:01 GMT -8
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Post by Stoker on Dec 17, 2014 5:25:40 GMT -8
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Post by phoebear611 on Dec 17, 2014 5:30:28 GMT -8
Let's see if oil can hold yesterday's low of $53.60 ... is this the absolute LOW? Need to get some stability on price before we can get that Santa Claus rally.
Oh and FOMC today - don't forget - everyone thinks Fed to replace "considerable time" from fwd guidance and signal for mid 2015 rate hikes - let's see how this impacts the market
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Post by rickag on Dec 17, 2014 5:37:49 GMT -8
Let's see if oil can hold yesterday's low of $53.60 ... is this the absolute LOW? Need to get some stability on price before we can get that Santa Claus rally. Oh and FOMC today - don't forget - everyone thinks Fed to replace "considerable time" from fwd guidance and signal for mid 2015 rate hikes - let's see how this impacts the market I am guessing a rate hike would be considered a negative, but then again if it were lowered that would be a negative WS doen't view change well.
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Post by 2centsplus on Dec 17, 2014 8:43:14 GMT -8
Bud, just checking that you do see that in the admittedly extremely unlikely event that aapl drops to $10 overnight (not giving you a chance to sell) you will lose/owe $900,000. It's a little bit like you are writing an insurance policy to protect someone else against a black swan event and pocketing a small premium if nothing goes wrong.
Edited to add: that is to say, you will have lost $900,000 on your stock and still owe an additional $900,000 on your puts.
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Post by gtrplyr on Dec 17, 2014 9:08:12 GMT -8
OK .... Apple store coming to Havana ? Cheers to the longs ... hang in there !
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 17, 2014 10:09:41 GMT -8
I'd be happier if AAPL was at least pacing with the major indices...
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bud777
fire starter
Posts: 1,354
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Post by bud777 on Dec 17, 2014 11:04:53 GMT -8
Bud, just checking that you do see that in the admittedly extremely unlikely event that aapl drops to $10 overnight (not giving you a chance to sell) you will lose/owe $900,000. It's a little bit like you are writing an insurance policy to protect someone else against a black swan event and pocketing a small premium if nothing goes wrong. Edited to add: that is to say, you will have lost $900,000 on your stock and still owe an additional $900,000 on your puts. As unlikely as something like that is, I appreciate you mentioning it. Given that that possibility would exist for the duration of the contract, it might not be as remote a possibility as it seems. Maybe a better strategy would be to sell everything at 110 and at the same time sell Jan 2017 puts at 140. If we go to some ridiculously low price and i am assigned, I have the stock back that I would have had just holding, but my losses are offset by the proceeds from the puts. As the stock goes up, I can buy back the puts. It would be the same situation as before, but in reverse. A sudden jump up could make it difficult to get back into the stock for a while, but that seems easier to swallow.
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Post by nathanstevens on Dec 17, 2014 11:16:43 GMT -8
I had my finger on the buy button for some 104 puts when we were around 107.5. You're welcome.
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Post by incorrigible on Dec 17, 2014 11:40:16 GMT -8
Bumping this to top. Folks are using Monday's thread. Thanks to the Fed.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,433
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Post by chinacat on Dec 17, 2014 11:54:34 GMT -8
Bumping this to top. Folks are using Monday's thread. Not folks, just one careless idiot.
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Post by incorrigible on Dec 17, 2014 11:57:08 GMT -8
Bumping this to top. Folks are using Monday's thread. Not folks, just one careless idiot. NP Tuesday's was above todays as well. No worries.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 17, 2014 12:29:46 GMT -8
OK .... Apple store coming to Havana ? Maybe in Miramar, where wealthy foreign diplomats and party officials live. But the average Cuban makes $20/month. Meanwhile, the Castros are worth tens of billions by fleecing and starving their people. Anyway, cheers to the longs.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 17, 2014 13:19:05 GMT -8
Not a bad close. Made back yesterday and then some.
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Post by mrentropy on Dec 17, 2014 13:57:02 GMT -8
Closed over the 50SMA and opened/closed above yesterday's hammer, which if you believe such things, confirms it. Both of those seem pretty good in my book. Lets see if we get some follow through tomorrow.
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Post by Odd-Lot Richard on Dec 17, 2014 16:50:23 GMT -8
Not folks, just one careless idiot. We love you anyway, CC. It's hard to be mad on a close like today.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 17, 2014 18:04:04 GMT -8
Closed over the 50SMA and opened/closed above yesterday's hammer, which if you believe such things, confirms it. Both of those seem pretty good in my book. Lets see if we get some follow through tomorrow. The chicken large intestines look good, but we still need to break past the giblets to hit the beak.
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