AAPL Intraday Updates - Archive

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    Posted: 04 May 2012 05:50 PM #661

    mstefa - 04 May 2012 02:57 PM

    I think WS made a lot of money and want to secure profits now, vacation time starts soon.  Its market driving the news, and not news driving the market.

    +1

    ‘Tis the season…for consolidation…

         
  • Posted: 04 May 2012 05:51 PM #662

    Rupert22 - 04 May 2012 08:27 PM
    nate010203 - 04 May 2012 08:20 PM

    I just sold all my shares. I walk away with a 2000 dollar gain for the year roughly 20 percent return for the year.

    Apple isnt a good holding at the moment and Im tired of losing money everyday. I wish all the longs here the best I dont understand why apple is selling off.

    oh - oh .....  Hmmm?.I wonder if that means capitulation?!


    We need volume to confirm capitulation, no

    Too bad for Nate that he sold.  I was getting ready to offer him $615 a share for obvious reasons.  LOL

         
  • Posted: 04 May 2012 06:09 PM #663

    Stew - 04 May 2012 08:48 PM

    I’m not concerned about the erosion in share price, given my average cost and cash reserves. The percentage drop is just not that big a deal.

    I considered two questions today:

    First, in regard to January 2014 550/650 bull call spreads that I own, whether to buy back the short legs. These were purchased in the last few weeks, and buying the short legs would, as of today, net me about $22/share, resulting in the 550 calls costing about about $120/share.. It’s a question of whether I should buy back the $650 calls or leave them in place and use reserved funds to buy additional positions;

    Secondly, what to do with some July 2012 495 calls - cash them out at a minor loss or tough it out.

    is it better to buy back short legs or buy more calls for the same money?
    or is it net 0?

         
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    Posted: 04 May 2012 06:14 PM #664

    Mercel - 04 May 2012 08:47 PM
    lovemyipad - 04 May 2012 08:39 PM

    Hmmm…lemme check my own contrarian indicator…  Mercel?  Did you even contemplate, just for a wee moment, buying one itty bitty put? wink

    Why?  I’m not a day trader.  I invest long term. 

    As far as Spongie calling the close:  His Gatling Gun price targets are as silly as me wearing a broken watch.  Do you compliment such things?  What a ridiculous suggestion…

    RE: Puts…  But…but Mercel!  You are my very bestest “last bull standing” indicator!  I would never expect you to actually buy a put, but the last time you actually contemplated it (remember, SPY puts?  I kept bugging you and bugging you, and you were sooo close to caving and sending me the trade confirmation?), IIRC, we were inches from a bottom.  I expect that’s the closest you’ll ever get :D, which is why you’re an exceptional contrarian indicator.

    So, the thought didn’t even cross your mind, huh?  Rats. :(

    [ Edited: 04 May 2012 06:18 PM by lovemyipad ]      
  • Posted: 04 May 2012 06:16 PM #665

    mstefa - 04 May 2012 09:09 PM
    Stew - 04 May 2012 08:48 PM

    I’m not concerned about the erosion in share price, given my average cost and cash reserves. The percentage drop is just not that big a deal.

    I considered two questions today:

    First, in regard to January 2014 550/650 bull call spreads that I own, whether to buy back the short legs. These were purchased in the last few weeks, and buying the short legs would, as of today, net me about $22/share, resulting in the 550 calls costing about about $120/share.. It’s a question of whether I should buy back the $650 calls or leave them in place and use reserved funds to buy additional positions;

    Secondly, what to do with some July 2012 495 calls - cash them out at a minor loss or tough it out.

    is it better to buy back short legs or buy more calls for the same money?
    or is it net 0?

    That is the question that I’m trying to think through. Your thoughts?

         
  • Posted: 04 May 2012 06:20 PM #666

    Stew - 04 May 2012 09:16 PM
    mstefa - 04 May 2012 09:09 PM
    Stew - 04 May 2012 08:48 PM

    First, in regard to January 2014 550/650 bull call spreads that I own, whether to buy back the short legs. These were purchased in the last few weeks, and buying the short legs would, as of today, net me about $22/share, resulting in the 550 calls costing about about $120/share.. It’s a question of whether I should buy back the $650 calls or leave them in place and use reserved funds to buy additional positions;

    is it better to buy back short legs or buy more calls for the same money?
    or is it net 0?

    That is the question that I’m trying to think through. Your thoughts?

    Buying back your short leg is the same thing as opening the equivalent naked call. Linearity FTW!

         
  • Posted: 04 May 2012 07:31 PM #667

    nate010203 - 04 May 2012 08:20 PM

    I just sold all my shares. I walk away with a 2000 dollar gain for the year roughly 20 percent return for the year.

    Apple isnt a good holding at the moment and Im tired of losing money everyday. I wish all the longs here the best I dont understand why apple is selling off.

    Dammit, Nate. Your 20 share sales just caused the stock to tank. I thought I told you only to sell half?!