[quote author=“enature”]AAPL at $100 with 100 days or so before RECORD earnings in its history exceeding $2 per share.
RIMM after over-guiding and pumping missed, so wackos on the street think AAPL is going to miss. Earnings are already pocketed. iPhones sells fast in South Africa for $800. International markets open up for iPhone and weak dollar benefits AAPL.

Due to volatility, VIX at the record this year, calls & puts are expensive. My BAC puts just swell 300% today. Sold some C puts and SPY spreads to free cash for AAPL calls.

Don’t forget, earnings tell the story of what happened in the past. Guidance tells the story of what may happen in the future. Guidance will matter much more than earnings.

[quote author=“chartguy”][quote author=“Cicero”]
The budget should be balanced, the treasury refilled, public debt reduced, the arrogance of officialdom tempered and controlled, and the assistance to foreign lands curtailed, lest Rome become bankrupt.

Excellent Cicero quote, Tim.

Usually people remain silent concerning matters that they know nothing about or do not understand. As a matter of common sense, their silence is understandable. Let us consider then when congress, which knows nothing, speaks….

TK:
“One hour to go
What a mess. Once again they tell us they have a deal when they didn’t. Now how can we believe a word out of their mouth. The market is in turmoil. Keep your power dry.
Posted by TK at 2:47 PM”

[quote author=“chartguy”][quote author=“Cicero”]
The budget should be balanced, the treasury refilled, public debt reduced, the arrogance of officialdom tempered and controlled, and the assistance to foreign lands curtailed, lest Rome become bankrupt.

oops…omitted an important part of the Cicero quote…

“...the mobs should be forced to work and not depend on government for subsistence.”

Think long term!

This earthquake will shake the pc market to the ground. The companies with high volume sales and low margins and minimal innovation are at high risk now. This is the time for Steve to go out and kill. To sink the ships of Dell and HP Apple needs to get the segement with high margins and some of the others. What to do with the cash horde Apple has? Now it is time to spend the money. If I was Steve, I would lower the prices of the new macbooks to, let’s say, 800$minimum. I would spend a lot of money in advertising and I would tell the crowd, that a Mac never was that worth buying.

Forget the street and the analysts! Now its time to lay the foundation of Apples and our future. In a year or so the storm is gone and we’ll see, who is in the market then to compete with a company selling tiny smartphones and all new kinds of displays to everyone just to do all kinds of computing businesses in the office or at home. This is the reason, why I’m very long in AAPL. And from day to day I’m getting longer.

Greetings to Tommo. There are no bears any longer, only panic! Perfect time to make money!

So no new legislation at least for a couple of days. Is there any reason to think that we’ll get any kind of a bounce tomorrow or just more blood?

Bought the qid for a trade into a close that may be some sort of ugly capitulation. Tempted to buy a few aapl calls on the close—but it will limited to the money I make from the qid trade.

[quote author=“donahchoo”]
Why not play the Oct 160 or 155 instead?  Its basically the same price.  As per the PM I sent you I’m just trying to gain some knowledge before I jump in.

With the market we are in it seems like puts might be a better option to play with.

Certainly, AAPL Oct $110 puts gained 5,000% since Aug. I do have Oct call spreads. However, Oct calls expire before earnings - that is why the nearest calls that include earnings are Nov. Buying Jan ‘09 calls gives more time value and calls will melt slower if the stock does not surge right away.

For the above reasons, I like the mixture of Nov $170-175 and Jan’09 above $200 calls. Again, the most likely outcome of this is that call calls expire worthless.
However, the loss is limited to the cost of calls.

I feel like a kitten in the middle of the highway…

Eric, we need your viking kitties NOW!

[quote author=“kiwitrader”]I feel like a kitten in the middle of the highway…

Eric, we need your viking kitties NOW!

to be Unleashed on The Hill Now!

anyone know if 90,000,000 aapl shares traded in a day would be a record?

Clarium Capital is starting to see value in some stocks, almost doubling their position last week from the week prior. Their fund is up 27.8% this year, managing billions.
http://hedgefinger.blogspot.com/2008/09/where-theres-will-theres-way-how.html

[quote author=“litespeed”]anyone know if 90,000,000 aapl shares traded in a day would be a record?

There was a 120M+ day in Jan. this year. Another one in Jan. 07.

[quote author=“JimDE”][quote author=“litespeed”]anyone know if 90,000,000 aapl shares traded in a day would be a record?

There was a 120M+ day in Jan. this year. Another one in Jan. 07.

thanks Jim

17.8% drop in AAPL, on no concrete company news. Lots of hearsay and rumors, but no news.

What a way to start the week.