Weekend Updates - Archive

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    Posted: 15 June 2012 10:58 PM #16

    I also spent today buying BCS ....October 590/610…..and straight calls…..October 600’s

    Like a lot of people, it seems, I have this odd feeling we are gonna move up.

    Time to start planning the ‘ol quarterly swing trade with that part of the pie…

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  • Posted: 15 June 2012 11:07 PM #17

    Mercel - 16 June 2012 01:30 AM
    lovemyipad - 15 June 2012 09:25 PM

    This week I kept sane by legging bull put spreads for JUL’12.  I’m usually out of JUL’12 positions by now, and I was…until recently.  But all this annoying range-roving—miles and miles of pacing the same tired ground—works well for legging in and out.

    And I must confess…I bought AUG’12 700 calls today.  Unhedged even! :D

    I see $700 in Sept., possibly $750 in Oct.

    That would be sweet

         
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    Posted: 15 June 2012 11:08 PM #18

    Mercel - 16 June 2012 01:30 AM
    lovemyipad - 15 June 2012 09:25 PM

    This week I kept sane by legging bull put spreads for JUL’12.  I’m usually out of JUL’12 positions by now, and I was…until recently.  But all this annoying range-roving—miles and miles of pacing the same tired ground—works well for legging in and out.

    And I must confess…I bought AUG’12 700 calls today.  Unhedged even! :D

    I see $700 in Sept., possibly $750 in Oct.

    I see $700 post-JUL’12 earnings.  But I’m not holding those calls that long. :D

         
  • Posted: 15 June 2012 11:19 PM #19

    The Apple Store was mobbed on a Friday evening, many crowding the table graced by six MacBook Pro Retina Displays. 

    I received my MBP Retina today.  First impressions:

    1.  Pages look like magazine-published copy.  The text, even when scaled, are very sharp.
    2.  Very fast (I opted for 16GB of RAM with the 2.6Mhz processor)
    3.  There is less glare, but a matte display has even less.
    4.  Noticeably lighter, right between the MPA 13 and the MBP 15
    5.  Excel will display slightly more screen real estate than a high res. 17” MBP
    6.  The hinge has been reworked, and I believe this one tilts further back
    7.  The top case has a bit of plump than the outgoing 15” —perhaps for strength given the thinner display.  It seems like the old one was flatter across the top. 
    8.  It feels as thin as the MBA.

    I’ll be loading more apps on it later to gain a better sense of its performance.

    I think I’ve owned every Apple notebook since the Pismo.  This one is a leap forward.  It’s a winning combination of surreal resolution, svelte weight, fast speed and great aesthetics. 

    It’s going to be a huge hit.  Apple will sell all they can make FQ3 2012.

    [ Edited: 16 June 2012 12:53 AM by ByeTMO ]      
  • Posted: 15 June 2012 11:20 PM #20

    lovemyipad - 16 June 2012 02:08 AM
    Mercel - 16 June 2012 01:30 AM
    lovemyipad - 15 June 2012 09:25 PM

    This week I kept sane by legging bull put spreads for JUL’12.  I’m usually out of JUL’12 positions by now, and I was…until recently.  But all this annoying range-roving—miles and miles of pacing the same tired ground—works well for legging in and out.

    And I must confess…I bought AUG’12 700 calls today.  Unhedged even! :D

    I see $700 in Sept., possibly $750 in Oct.

    I see $700 post-JUL’12 earnings.  But I’m not holding those calls that long. :D

    I’m being conservative, so there you go.  :wink:

         
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    Posted: 15 June 2012 11:31 PM #21

    lovemyipad - 16 June 2012 02:08 AM

    I see $700 post-JUL’12 earnings.  But I’m not holding those calls that long. :D

    On what basis?  Not technicals, I’d imagine.

    Hey, if you see even AAPL 702 post Jul 12 earnings… wink

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    Posted: 16 June 2012 12:26 AM #22

    Mercel - 16 June 2012 02:20 AM

    I’m being conservative, so there you go.  :wink:

    Sandbagger!!! wink

         
  • Posted: 16 June 2012 12:27 AM #23

    lovemyipad - 16 June 2012 03:26 AM
    Mercel - 16 June 2012 02:20 AM

    I’m being conservative, so there you go.  :wink:

    Sandbagger!!! wink

    I make more money when I sandbag smile

         
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    Posted: 16 June 2012 12:32 AM #24

    Mav - 16 June 2012 02:31 AM
    lovemyipad - 16 June 2012 02:08 AM

    I see $700 post-JUL’12 earnings.  But I’m not holding those calls that long. :D

    On what basis?  Not technicals, I’d imagine.

    Hey, if you see even AAPL 702 post Jul 12 earnings… wink

    No, technicals are more like 750-ish by 7/20/12…but who wants to trust a bunch of squiggly lines?! wink  Plus, I don’t forecast…I only make WAGs. :D


    P.S. Actually NOT a squiggly line, but a STRAIGHT line…weekly trendline.  Top of the (current and unbroken) ascending channel points there.

    [ Edited: 16 June 2012 12:35 AM by lovemyipad ]      
  • Posted: 16 June 2012 01:00 AM #25

    lovemyipad - 16 June 2012 02:08 AM
    Mercel - 16 June 2012 01:30 AM
    lovemyipad - 15 June 2012 09:25 PM

    This week I kept sane by legging bull put spreads for JUL’12.  I’m usually out of JUL’12 positions by now, and I was…until recently.  But all this annoying range-roving—miles and miles of pacing the same tired ground—works well for legging in and out.

    And I must confess…I bought AUG’12 700 calls today.  Unhedged even! :D

    I see $700 in Sept., possibly $750 in Oct.

    I see $700 post-JUL’12 earnings.  But I’m not holding those calls that long. :D

    You are speaking my language. But I bought Augst 600’s…a lot of them…for me.

         
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    Posted: 16 June 2012 01:11 AM #26

    Mercel - 16 June 2012 02:19 AM

    The Apple Store was mobbed on a Friday evening, many crowding the table graced by six MacBook Pro Retina Displays. 

    I received my MBP Retina today.  First impressions:

    1.  Pages look like magazine-published copy.  The text, even when scaled, are very sharp.
    2.  Very fast (I opted for 16GB of RAM with the 2.6Mhz processor)
    3.  There is less glare, but a matte display has even less.
    4.  Noticeably lighter, right between the MPA 13 and the MBP 15
    5.  Excel will display slightly more screen real estate than a high res. 17” MBP
    6.  The hinge has been reworked, and I believe this one tilts further back
    7.  The top case has a bit of plump than the outgoing 15” —perhaps for strength given the thinner display.  It seems like the old one was flatter across the top. 
    8.  It feels as thin as the MBA.

    I’ll be loading more apps on it later to gain a better sense of its performance.

    I think I’ve owned every Apple notebook since the Pismo.  This one is a leap forward.  It’s a winning combination of surreal resolution, svelte weight, fast speed and great aesthetics. 

    It’s going to be a huge hit.  Apple will sell all they can make FQ3 2012.

    I want to see your Apple Museum when I stop by your place in August.wink

    I May actually buy on Monday.

    I thought we should have dropped today, but it looks very bullish.  By that I mean we are less likely to see sub 550 from here on.

         
  • Posted: 16 June 2012 01:21 AM #27

    omacvi - 16 June 2012 04:11 AM
    Mercel - 16 June 2012 02:19 AM

    The Apple Store was mobbed on a Friday evening, many crowding the table graced by six MacBook Pro Retina Displays. 

    I received my MBP Retina today.  First impressions:

    1.  Pages look like magazine-published copy.  The text, even when scaled, are very sharp.
    2.  Very fast (I opted for 16GB of RAM with the 2.6Mhz processor)
    3.  There is less glare, but a matte display has even less.
    4.  Noticeably lighter, right between the MPA 13 and the MBP 15
    5.  Excel will display slightly more screen real estate than a high res. 17” MBP
    6.  The hinge has been reworked, and I believe this one tilts further back
    7.  The top case has a bit of plump than the outgoing 15” —perhaps for strength given the thinner display.  It seems like the old one was flatter across the top. 
    8.  It feels as thin as the MBA.

    I’ll be loading more apps on it later to gain a better sense of its performance.

    I think I’ve owned every Apple notebook since the Pismo.  This one is a leap forward.  It’s a winning combination of surreal resolution, svelte weight, fast speed and great aesthetics. 

    It’s going to be a huge hit.  Apple will sell all they can make FQ3 2012.

    I want to see your Apple Museum when I stop by your place in August.wink

    I May actually buy on Monday.

    I thought we should have dropped today, but it looks very bullish.  By that I mean we are less likely to see sub 550 from here on.

    Do you pick random numbers to include in your wild guesses?

         
  • Posted: 16 June 2012 01:23 AM #28

    omacvi - 16 June 2012 04:11 AM

    I want to see your Apple Museum when I stop by your place in August.wink

    I May actually buy on Monday.

    I thought we should have dropped today, but it looks very bullish.  By that I mean we are less likely to see sub 550 from here on.

    There are 2 Apple computers I wish I’d have kept if a museum was ever a goal:

    1.  iMac SE (Apple’s own comeback kid)
    2.  Powerbook (Pismo)

    I think you’re going to pay more on Monday.  But what the hay, your price targets longer term will cover the difference.  :wink:

         
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    Posted: 16 June 2012 01:34 AM #29

    AFB’s former moderator interviewed in May:

    http://instantbight.com/2012/05/29/interview-with-robert-paul-leitao/

    PED’s interview of the kid interviewer:

    http://tech.fortune.cnn.com/2012/06/06/the-eighth-grader-who-gets-internet-celebrities-to-talk/

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    Study the natural order of things and work with it rather than against it…  ? Tao Te Ching

         
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    Posted: 16 June 2012 01:36 AM #30

    They are targets I Am willing to buy at.  If we don’t hit certain numbers then we are less likely to move in either direction.

    Like not getting over 604 back in April post earnings made the stock bearish

    Then dropping below 580 set us up for 550 and then almost 520 which would have gotten us to 500.

    The overall market getting above 12300 was a bullish pattern for me and then over 12600 further confirmed a nice base.

    We are not out of the woods given the low volume.

    I just feel much better moving as far away from 522 and 565.