$156.339

Despite the dizzying heights of $157.41, i’m sure we would all have taken $156.339 as a close this morning!

Drop your pants and immediately see this now

[quote author=“Tommo_UK”]
And by the way, I don’t blame anyone for taking some “off the table” at this point, just to make that clear, but I don’t really see the point unless the indices look like breaking down. After all if you’re not intent on scaling out of the stock then why book profits unless you believe its reached a top? Does anyone really think this is as far as the stock goes unless the markets crash again? Only point in “booking profits” now is if you think there’s a high probability of a sharp “correction” quite soon that will provide you with an opportunity to buy back in.

Here’s another reason for taking some off the table.  I was so confident in AAPL’s growth that I heavily leveraged my portfolio with debt - a much safer and easier leverage than options.  When I made the investment, I had a certain appreciation target to make the investment worthwhile.  The stock reached that target and I’ve taken most of that debt off the table.  Result: I can continue to sleep well at night.

I’m still long, and I am holding one LEAP options position.

(edited to correct spelling)

Whhooooooo! Sierra Hotel Tommo its Porno For Pyro’s

With Apoligies to Messers Waters & Gillmore:

Have you seen the chart?
It’s a helluva start,
It could be made into a monster
If we all pull together as a team.

And did we tell you the name of the game, boy?
We call it Riding the Gravy Train.

[quote author=“beccairene”]
Here’s another reason for taking some off the table.  I was so confident in AAPL’s growth that I heavily leveraged my portfolio with debt - a much safer and easier leverage than options.

can you maybe elaborate why being leveraged using debt is safer than using options? Potential losses during a yo-yo move can be devastating (margin call, wipe-out, etc…)

[quote author=“MaCroissant”][quote author=“beccairene”]
Here’s another reason for taking some off the table.  I was so confident in AAPL’s growth that I heavily leveraged my portfolio with debt - a much safer and easier leverage than options.

can you maybe elaborate why being leveraged using debt is safer than using options? Potential lossed during a yo-yo move can be devastating (margin call, wipe-out, etc…)

Losses from debt are predictable - say, 10% a year, if that’s the interest rate you are paying.  Of course, it’s important to be careful with margin accounts to make sure you won’t have to worry about a margin call.  I still have some stock on margin, but I’ve paid back the personal loan I took out specifically to buy AAPL stock.  And I don’t regret having paid it off $20/share ago.

[quote author=“beccairene”][quote author=“MaCroissant”][quote author=“beccairene”]
Here’s another reason for taking some off the table.  I was so confident in AAPL’s growth that I heavily leveraged my portfolio with debt - a much safer and easier leverage than options.

can you maybe elaborate why being leveraged using debt is safer than using options? Potential lossed during a yo-yo move can be devastating (margin call, wipe-out, etc…)

Losses from debt are predictable - say, 10% a year, if that’s the interest rate you are paying.  Of course, it’s important to be careful with margin accounts to make sure you won’t have to worry about a margin call.  I still have some stock on margin, but I’ve paid back the personal loan I took out specifically to buy AAPL stock.  And I don’t regret having paid it off $20/share ago.

Options can expire worthless. Margin accounts have debt expense plus exposure. Borrowing money against an asset (eg. equity line of credit) means a fixed expense without the risk of a margin call. Further buying stock is much less volatile than options.