I am disappointed to read that some of fellow AFB members suffered big losses or liquidations on a relatively small drop (hei, AAPL was under $150 just few weeks ago). Good day AAPL stayed above $160. Could have been way worse if NDX fell 3%. Folks, ALWAYS LIMIT YOUR DOWNSIDE.
Always know how much down you will be and if it is too much take protective measures such as buying puts or reducing positions. TOS provides very good tools to calculate downside on any move and for any date on one stock or the entire portfolio. Limiting your downside is the single most important thing that allows one to stay in the game.
It is easy to plunge into the markets unprotected, but markets just wait for that - just that moment when you feel comfy and confident that nothing bad can happen, and then with just one good and quick blow, knock you out.
But if you are protected from the start, then markets only can take as much as you predetermined.
I do not want to sound preachy, but I was there myself, and do not want to see good AFB members disappear. I have seen a few in the last two years, come here, get excited about long-term AAPL prospects, misinterpret that as a green light to unprotected, highly leveraged short-term positions. Such positions might indeed work for some time, but then a moment comes, they get busted, and later see AAPL fly high, but them left dry.
Un-fucking-believable… according to the IV board, Adami on CNBC just said Apple will miss estimates this quarter, and the stock is heading to $130. AH the stock dropped $1.
The poster on IV reports Adami saying:
“If there was ever a quarter they’re going to miss, it’s this one.”
Huh? How does he think they are going to miss 65c guidance??? Or even 85c??? Or even 95c???
Miss??? OMFG… this guy deserves to be sent to work for the National Enquirer.. how can he even begin to imagine they’re going to miss? How can he peddle such bullshit on TV?
[quote author=“enature”]I am disappointed to read that some of fellow AFB members suffered big losses or liquidations on a relatively small drop (hei, AAPL was under $150 just few weeks ago). Good day AAPL stayed above $160. Could have been way worse if NDX fell 3%. Folks, ALWAYS LIMIT YOUR DOWNSIDE.
Always know how much down you will be and if it is too much take protective measures such as buying puts or reducing positions. TOS provides very good tools to calculate downside on any move and for any date on one stock or the entire portfolio. Limiting your downside is the single most important thing that allows one to stay in the game.
It is easy to plunge into the markets unprotected, but markets just wait for that - just that moment when you feel comfy and confident that nothing bad can happen, and then with just one good and quick blow, knock you out.
But if you are protected from the start, then markets only can take as much as you predetermined.
I do not want to sound preachy, but I was there myself, and do not want to see good AFB members disappear. I have seen a few in the last two years, come here, get excited about long-term AAPL prospects, misinterpret that as a green light to unprotected, highly leveraged short-term positions. Such positions might indeed work for some time, but then a moment comes, they get busted, and later see AAPL fly high, but them left dry.
Wise words. I read somewhere that any trader will get to that situation at least once and many as much as three times. This has to happen to everyone to learn the lesson, unfortunately I don’t think this can be properly learned from others advice. I also was there once and was almost wiped out a second time. I hope it does not happen again for a third time.
[quote author=“Tommo_UK”]Un-fucking-believable… according to the IV board, Adami on CNBC just said Apple will miss estimates this quarter, and the stock is heading to $130. AH the stock dropped $1.
The poster on IV reports Adami saying:
“If there was ever a quarter they’re going to miss, it’s this one.”
He recommended buying RIMM instead
What rock does this guy live under? What a dick.
That’s so typical pre OE FUD. AAPL is going directly to $144 for sure IMO.
[quote author=“carbonat”][quote author=“Tommo_UK”]Un-fucking-believable… according to the IV board, Adami on CNBC just said Apple will miss estimates this quarter, and the stock is heading to $130. AH the stock dropped $1.
That’s so typical pre OE FUD. AAPL is going directly to $144 for sure IMO.
[quote author=“Tommo_UK”]Un-fucking-believable… according to the IV board, Adami on CNBC just said Apple will miss estimates this quarter, and the stock is heading to $130. AH the stock dropped $1.
The poster on IV reports Adami saying:
“If there was ever a quarter they’re going to miss, it’s this one.”
Huh? How does he think they are going to miss 65c guidance??? Or even 85c??? Or even 95c???
Miss??? OMFG… this guy deserves to be sent to work for the National Enquirer.. how can he even begin to imagine they’re going to miss? How can he peddle such bullshit on TV?
He recommended buying RIMM instead
What rock does this guy live under? What a dick.
All the better to make him look even MORE like a total and complete horses ass, on Oct 22. Apple doesn’t “miss” their own guidance…hence their reason for guiding low…they leave themselves room for things not going “as planned”.
Have you been working on those “Idiot of the Month” awards, Tommo? I REALLY think we’re going to need a lot of them, very soon.
personnaly, with these volumes, I say it’s above our heads, da bears, they are playing with our church money (apple fan boy here), da bearstards! les maudits zinzins, like I say in french! )
so the way I see it, if you care, from now till october 22nd quarter results, there’s 7 trading days remaining, counting the 22nd as apple speaks after the bell that day. 2$ gain a day takes us at 174$, 1$ short of my personnal target for selling. from there to 200$, I’m sure we will see nice buying opportunities, but the only thing with my plan is if everybody thinks the same, we will all sell at 175$ and we’ll all be waiting forever to get back in, nah, forget it roll
not speaking of which, is anyone into vmware (vmw)? I was thinking buying some when it was 70$, now I’m really tempted to buy some even at 100$, I feel guilty of not following my instincts the first time. what do you think?
[quote author=“enature”] Limiting your downside is the single most important thing that allows one to stay in the game.
I’ve finally learned that lesson, after not learning it 3 times this year. That unlearned lesson cost me close to $75,000 in unrealized profits.
I was gone today and set stops on all of my short term positions. (I let Apr ‘08 and Jan ‘09 calls ride). Turns out it was a good move and let me end the day positive.
[quote author=“Tommo_UK”]Un-fucking-believable… according to the IV board, Adami on CNBC just said Apple will miss estimates this quarter, and the stock is heading to $130. AH the stock dropped $1.
The poster on IV reports Adami saying:
“If there was ever a quarter they’re going to miss, it’s this one.”
Huh? How does he think they are going to miss 65c guidance??? Or even 85c??? Or even 95c???
Miss??? OMFG… this guy deserves to be sent to work for the National Enquirer.. how can he even begin to imagine they’re going to miss? How can he peddle such bullshit on TV?
[quote author=“Tommo_UK”]Un-fucking-believable… according to the IV board, Adami on CNBC just said Apple will miss estimates this quarter, and the stock is heading to $130. AH the stock dropped $1.
The poster on IV reports Adami saying:
“If there was ever a quarter they’re going to miss, it’s this one.”
Huh? How does he think they are going to miss 65c guidance??? Or even 85c??? Or even 95c???
Miss??? OMFG… this guy deserves to be sent to work for the National Enquirer.. how can he even begin to imagine they’re going to miss? How can he peddle such bullshit on TV?
He recommended buying RIMM instead
What rock does this guy live under? What a dick.
What?? I looovve this kind of talk . Please please knock AAPL down to $130 before earnings so it can pop to $170 the next day.
The best money to make is when its so obvious people are wrong.
Typical:
1) File BIG lawsuit against a BIG corporation.
2) Issue press releases so that everybody in the world knows the harm.
3) Hope for a quick settlement from the Big Company.
4) Lawyers get 35% of the payout. The 65% remainder is divided among the 2 million class members.
Assuming Apple did settle at 10% of the $1.2 billion. The lawyers get 35% of $120 million or $42 million. The class members get $120 million * 65% /2 million members. Or each class member gets $39.
I hope this will teach the market a lesson not to pull aapl up so fast and so high.
I want a slow steady rise, not like we have had the last 3 weeks.
I think the market was simply making up for lost time ($) during the sub-prime/Steve-Jobs- is-being-subpoenaed fiasco. If AAPL had not been overly shot down then, we would have gradually risen to 170 by now. That’s not an unfair valuation, given what we suspect its earning report will show.
What?? I looovve this kind of talk . Please please knock AAPL down to $130 before earnings so it can pop to $170 the next day.
You’re logic is faulty. The earnings report will likely give the current stock price a good ten dollar boost (at least for a while). But if it’s at 130 before the report, that will only bring it to 140. 170 is where we should be right now… although last month would have been just as justified if the sub-prime market mambo hadn’t happened.
[quote author=“superbaka”][quote author=“Tommo_UK”]Un-fucking-believable… according to the IV board, Adami on CNBC just said Apple will miss estimates this quarter, and the stock is heading to $130. AH the stock dropped $1.
The poster on IV reports Adami saying:
“If there was ever a quarter they’re going to miss, it’s this one.”
Huh? How does he think they are going to miss 65c guidance??? Or even 85c??? Or even 95c???
He recommended buying RIMM instead
.
What?? I looovve this kind of talk . Please please knock AAPL down to $130 before earnings so it can pop to $170 the next day.
When was last time AAPL missed? I do not think it can be that stupid, it is malicious. Reminds me July 06, AAPL at $55 and Credit Suisse analysts declares “Apple is going to miss estimates” The stock dropped to $50 - buying calls at the time (any calls) was one of safest and lucrative investments.
Clearly OE FUD. I would not be surprised if they pull out something like “heard on trading desks JD decided to go after after SJ options backdating” or some other creative BS.
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