[quote author=“ChasMac77”]Bought some ‘10 130 Calls.

Way oversold IMO. These downgrades are BS., not downward revisions to their EPS targets. Just talking the thing down.

Sponge, we just went from 143 to 107 in a few days. That’s a 25% haircut in a sneeze.

Chas

Except that RIMM dropped 25% in a day.  We followed the market in most of that 25% drop.  Now we are leading it and the market is not recovering either.

I thought we hit bottom when we hit 127 on Sept 17.  I no longer feel confident that 105 is our bottom at this point.  I could be wrong, but so far the market is winning and I am losing.

This year I’ve made and lost a nifty tractor several times.

Sponge RIMM missed their earnings guidance 2 straight quarters in a row.

Even though it may have only been a penny they still missed even their own guidance. When was the last time AAPL missed their guidance?
I rest my case.

This is simply emotional trading right now. I have been pretty emotionless since the last visit to $118 in March….I am losing my ass on the few short term options that I am still holding and I have already written them off completely but that is nothing compared to what I have invested in common. My Price average is around $125 right now so Im not really down too much, I know there are many others that are bleeding ...........I feel for them but my analysis long term 3-5 years has not changed.

Dollar cost average in if you have the capital and if you believe in AAPL’s ability to take advantage of an economic slowdown.

[quote author=“omacvi”][quote author=“ChasMac77”]Bought some ‘10 130 Calls.

Way oversold IMO. These downgrades are BS., not downward revisions to their EPS targets. Just talking the thing down.

Sponge, we just went from 143 to 107 in a few days. That’s a 25% haircut in a sneeze.

Chas

Except that RIMM dropped 25% in a day.  We followed the market in most of that 25% drop.  Now we are leading it and the market is not recovering either.

I thought we hit bottom when we hit 127 on Sept 17.  I no longer feel confident that 105 is our bottom at this point.  I could be wrong, but so far the market is winning and I am losing.

Don’t forget that RIMM had been pumped up to 140 for no real reason and they are losing market share to the iPhone wether or not anyone wants to admit it. Who is Apple losing market share to? Oh yeah, they are gaining in almost every area.

aapl finally trending back up. Let’s hope the direction holds…

AAPL is trying to pull out of the iPanic tailspin .

Oil got sold off as everybody ran off and bought T-bills. Which i think is interesting since a certain central banker in Europe was just saying last week in the new economy the USA will not hold its central role—and yet when the poo hits the fan, everybody runs over and starts purchasing T-bills instead of their own notes because confidence in the USA, though hammered, is still higher than confidence in the Euro states.

[quote author=”$Billyall”]Sponge RIMM missed their earnings guidance 2 straight quarters in a row.

Even though it may have only been a penny they still missed even their own guidance. When was the last time AAPL missed their guidance?
I rest my case.

This is simply emotional trading right now. I have been pretty emotionless since the last visit to $118 in March….I am losing my ass on the few short term options that I am still holding and I have already written them off completely but that is nothing compared to what I have invested in common. My Price average is around $125 right now so Im not really down too much, I know there are many others that are bleeding ...........I feel for them but my analysis long term 3-5 years has not changed.

Dollar cost average in if you have the capital and if you believe in AAPL’s ability to take advantage of an economic slowdown.

When can try to justify why things are happening such as this sell off.  Yes it is emotional to a large part.  But at some point when one goes from 200 to 115 and back to 180 and then down to 105 and they see the economic slowdown taking place, you can not help but wonder if the jump starting efforts have failed.

In January, in April, and in July, we should good numbers but yet we went down a few weeks lower.  WS is losing confidence that its stellar performers might have lost their time in the Sun.

I have been burned too many times not to feel concerned that even if Apple announces killer numbers of the iPhone and good steady growth and above average guidance, that WS will not just give us a temporary boost before going back down again. 

This is no longer about Apple but about the overall economy and how WS reacts.  I don’t see aapl going back up anytime soon and staying there unless the overall market recovers and stabilizes.  I felt that way back in August but I did not follow my own advise. 

This time I am willing to lose potential short term profits and just stay out for good.  I need to see good economic numbers before I jump back in.

40m shares traded at 11:20.
Looks like capitulation?
I certainly feel capitulated.  :o

[quote author=”$Billyall”]Sponge RIMM missed their earnings guidance 2 straight quarters in a row.

Even though it may have only been a penny they still missed even their own guidance. When was the last time AAPL missed their guidance?
I rest my case.

Bingo.

Today’s AAPL plunge is bullshit manipulation, plain and simple. I bet MS and RBC scoop up thousands of shares today, and wouldn’t be shocked at all if they upgrade when Apple beats earnings for yet another quarter.

[quote author=“Bryanyc”]

My avatar is really an accurate description of me now.

But not as good as mine

[quote author=“ChasMac77”]

Don’t forget that RIMM had been pumped up to 140 for no real reason and they are losing market share to the iPhone wether or not anyone wants to admit it. Who is Apple losing market share to? Oh yeah, they are gaining in almost every area.

I would agree with you.  That RIMM was being pumped up, but they were doubling their profits.  Now their rate of growth has been shown to stall, and WS reacted with caution.

Apple may continue to gain market share, but if the economic slowdown decreases those gains as their sales grow from 3x the industry to 2x, WS will not reward them.

Also please keep in mind that much of this has to do with overall market sentiment and less with aapl.

I don’t even want to think about what will happen when we have a real downgrade or Gene Munster changes that $250 price target.

The US and global financial crisis is becoming much more severe in spite of the Treasury rescue plan. The risk of a total systemic meltdown is now as high as ever

[quote author=“Nouriel Roubini at RGE Monitor”]
It is obvious that the current financial crisis is becoming more severe in spite of the Treasury rescue plan (or maybe because of it as this plan it totally flawed). The severe strains in financial markets (money markets, credit markets, stock markets, CDS and derivative markets) are becoming more severe rather than less severe in spite of the nuclear option (after the Fannie and Freddie $200 billion bazooka bailout failed to restore confidence) of a $700 billion package: interbank spreads are widening (TED spread, swap spreads, Libo-OIS spread) and are at level never seen before; credit spreads (such as junk bond yield spreads relative to Treasuries are widening to new peaks; short-term Treasury yields are going back to near zero levels as there is flight to safety; CDS spread for financial institutions are rising to extreme levels (Morgan Stanley ones at 1200 last week) as the ban on shorting of financial stock has moved the pressures on financial firms to the CDS market; and stock markets around the world have reacted very negatively to this rescue package (US market are down about 3% this morning at their opening).

[quote author=“jaco pastorius”][quote author=“Bryanyc”]

My avatar is really an accurate description of me now.

But not as good as mine

Only mine is out of whack.  I lost $94k in the last 10 months and yet I am still smiling. :o

I am bumped out but at this point I just need to keep it from my wife and I will be OK

where is Tommo these days?

I have not been around as much so I might have missed his reasons for this departure from our board.

[quote author=“omacvi”]where is Tommo these days?

I have not been around as much so I might have missed his reasons for this departure from our board.

In so far as I know Tommo is holding an armload of heavy out-of-the-money options.