JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jan 8, 2015 13:21:48 GMT -8
I feel like a hockey player in the penalty box today. Nice to see green though.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 8, 2015 13:35:50 GMT -8
WOW. Today's movement was almost 29 in dog years, but, hey, who's counting.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jan 8, 2015 13:43:42 GMT -8
WOW. Today's movement was almost 29 in dog years, but, hey, who's counting. I'm sorry you're having problems with regularity, but really, TMI. Anyway, cheers to the longs.
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Post by Red Shirted Ensign on Jan 8, 2015 14:04:06 GMT -8
I feel like a hockey player in the penalty box today. Nice to see green though. Soon you will be back on the ice and crossing the blue line, stick raised, ready to......(fill in choice of positive term)
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Post by phoebear611 on Jan 8, 2015 14:25:28 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,433
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Post by chinacat on Jan 8, 2015 14:56:05 GMT -8
Really like the idea to redecorate the Apple Stores with art created on Apple devices. Wonder if this was an Angela idea. If you are interested, there are several articles easy to find, or you can see the entire collection on this Apple.com page.
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Post by artman1033 on Jan 8, 2015 17:40:26 GMT -8
Programming note: Uncle Carl is supposed to be on CNBC's Fast Money at 5pm Eastern By Tiernan Ray Shares of Apple (AAPL) were up 56 cents, or half a percent at $112.45, in late trading after Carl Icahn appeared on CNBC's “Fast Money” segment with Melissa Lee and stated the stock is still a “no brainer,” the phrase he has often used for his long position in the shares, and said it is his largest holding by a wide margin. The rise after hours followed a nearly 4% rise during the regular session. Asked by trader Guy Adami regarding his thoughts on large-cap stocks, Icahn went into an extended discourse regarding Apple shares: GUY ADAMI: CARL, IN THE WORLD WE LIVE IN NOW, WITH RATES AS LOW AS THEY ARE, WITH MONEY AS CHEAP AS IT IS, IS THERE ANYTHING – IS THERE ANY STOCK TOO BIG FOR AN ACTIVIST TO BE INVOLVED IN? ICAHN: OH YEAH. I MEAN SOME OF THE VERY LARGE STOCKS TODAY AN ACTIVIST – YOU KNOW, YOU COULD PERIPHERALLY TALK TO THEM AND GET YOUR POINTS ACROSS AND I THINK INTERESTINGLY, YOU KNOW, THEY DO LISTEN. AND I THINK THE WORLD HAS CHANGED SO – AND YOU DO GET YOUR POINTS ACROSS AND YOU KNOW, WE HAVE CERTAINLY HAD SOME GOOD RESULTS. I MEAN, YOU KNOW, EBAY IS SPLITTING, AND I HOPE THEY LISTEN. ACTUALLY, I DO BELIEVE THAT WHEN WE PUSHED FOR THAT BUYBACK AT APPLE, IT HAD SOME EFFECT. AND I DON’T THINK ANYBODY WOULD DENY THAT. SO YOU CAN DO THAT. BUT YOU KNOW, SOME OF THESE COMPANIES I THINK THEY ARE BEING VERY WELL RUN. OTHERS WE DON’T. YOU KNOW, APPLE IS MY FAVORITE STOCK. WE DID GREAT WITH IT AND I THINK TIM COOK IS DOING A GREAT JOB AND I THINK APPLE IS STILL VERY UNDERVALUED. LEE: IS IT STILL THOUGH, THE NO BRAINER THAT IT WAS WHEN YOU FIRST SAID IT WAS A NO BRAINER AFTER THIS RUN? ICAHN: YEAH, YOU KNOW, IT IS FUNNY. BUT I THINK IT IS BECAUSE – HEY LOOK, THAT DOESN’T MEAN IT ISN’T GOING TO GO UP AND DOWN. BUT I DO THINK IT IS A NO BRAINER BECAUSE I THINK IT IS ALMOST BETTER THAN IT WAS WHEN WE TALK ABOUT IT IN CERTAIN WAYS. I THINK, YOU KNOW, THE WAY THE IPHONE 6 WORKED, THE WATCH THAT IS COMING OUT WE HOPE WILL BE GOOD. BUT YOU HAVE TO REMEMBER THAT WHAT IS AMAZING ABOUT APPLE IS YOU ARE REALLY BUYING IT – WE THINK AT NINE TIMES EARNINGS. SO YOU KNOW BECAUSE WE TAKE CREDIT – I MEAN A LOT OF ANALYSTS SAY, WELL THE 150 BILLION DOESN’T COUNT OR IT IS MORE THAN THAT NOW. MAYBE 170 – I DON’T KNOW. AND THAT IS SORT OF – FROM MY WAY OF THINKING, IS SORT OF INSANE. I MEAN, IF YOU HAVE 170 BILLION, DOESN’T IT COUNT? LEE: RIGHT. ICAHN: I’D LIKE TO THINK ANYONE THAT THEY CAN – SO IF YOU HAVE MONEY I GUESS THEY SAY, WELL, YOU’RE NOT INVESTING IT AT THE MOMENT. IT DOESN’T MEAN ANYTHING. I MEAN, A LOT OF ANALYSTS LOOK AT IT THAT WAY. SO IF YOU LOOK AT THIS COMPANY, AND YOU SUBTRACT THE CASH FROM IT, YOU ARE GOING IN AT NINE TIMES EARNINGS. AND YOU ARE IN A COMPANY THAT IS IN THE GREATEST GROWTH INDUSTRY IN THE WORLD WITH CERTAINLY PART OF AN OLIGOPOLY IF NOT A MONOPOLY IN THEIR PRODUCT. SO YOU ARE GOING TO BE TALKING ABOUT A LONG TIME. SO, I OBVIOUSLY HAVEN’T SOLD A SHARE OF IT. IN FACT, WE BOUGHT A LITTLE MORE AND I JUST THINK IN THE INDUSTRY THEY ARE IN, IT IS EXTREMELY, EXTREMELY DIFFICULT TO COMPETE WITH THEM. AND THEY ARE GOING TO TAKE MORE AND MORE MARKET SHARE BECAUSE THEY ARE A GREAT ECOSYSTEM. SO YOU COULD – YOU GOT ME GOING ON IT, I DON’T WANT TO YOU KNOW, SIT HERE AND TALK ABOUT APPLE, BUT I DO THINK… LEE: BUT THE BOTTOM LINE HERE IS, YOU STILL THINK IT IS A NO BRAINER AND YOU BOUGHT A LITTLE BIT MORE. ICAHN: WELL, I’M NOT GOING TO SAY WHAT I BOUGHT IT, WE BOUGHT A FEW MONTHS AGO – THREE, FOUR MONTHS AGO. LEE: OK.ICAHN: BUT YOU KNOW, BUT WE CERTAINLY HAVE A GREAT, VERY LARGE POSITION. IT IS BY FAR OUR LARGEST POSITION. blogs.barrons.com/techtraderdaily/2015/01/08/apple-rises-after-hours-as-icahn-tells-cnbc-still-a-no-brainer-no-comment-on-twtr/
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Post by Red Shirted Ensign on Jan 8, 2015 18:09:13 GMT -8
Uncle Carl is channeling most of us here.....strange to read Carl's remarks and see Mercel's avatar in my mind.
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jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 162
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Post by jz on Jan 8, 2015 18:15:47 GMT -8
I feel like a hockey player in the penalty box today. Nice to see green though. Soon you will be back on the ice and crossing the blue line, stick raised, ready to......(fill in choice of positive term) Stupid rule.
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Post by phoebear611 on Jan 8, 2015 18:50:04 GMT -8
Where IS Mercel?
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mark
fire starter
Posts: 1,575
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Post by mark on Jan 8, 2015 20:39:53 GMT -8
Soon you will be back on the ice and crossing the blue line, stick raised, ready to......(fill in choice of positive term) Stupid rule. Why do you say stupid rule? There is no rule that you cannot trade the stock, just that if you do trade it, you have to adjust your basis and not take the loss because you still own the asset. That is, unless you screw up by crossing taxable with an IRA (that I would consider a stupid rule, the basis adjustment should take place just the same in that case).
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