Weekend Updates - Archive

  • Avatar

    Posted: 06 July 2012 11:35 PM #16

    From Intraday:

    Mercel - 06 July 2012 01:59 PM
    Red Shirted Ensign - 06 July 2012 01:24 PM

    Will dip buyers appear today? And what constitutes a buyable dip?

    I bought the dip, regardless of what the kinky technicals say.

    I bought the (2nd) dip because of what the kinky technicals said (bullish divergence). :D

         
  • Avatar

    Posted: 06 July 2012 11:43 PM #17

    lovemyipad - 07 July 2012 02:35 AM

    From Intraday:

    Mercel - 06 July 2012 01:59 PM
    Red Shirted Ensign - 06 July 2012 01:24 PM

    Will dip buyers appear today? And what constitutes a buyable dip?

    I bought the dip, regardless of what the kinky technicals say.

    I bought the (2nd) dip because of what the kinky technicals said (bullish divergence). :D

    Kinky or not, I finished the quarterly swing trade buy today. In at 570, 592 and 602.

    As far as I am concerned, Apple may now run like the wind through earnings…..

    Signature

    AAPL: to boldly go where no stock has gone before

         
  • Avatar

    Posted: 06 July 2012 11:46 PM #18

    From Intraday:

    AppleDoc - 06 July 2012 07:29 PM

    This pattern is so damn predictable. Next week I will finally be able to play again.

    Yep, until it’s not. wink

         
  • Avatar

    Posted: 06 July 2012 11:46 PM #19

    YAY, Red!!!  You planned the trade and traded the plan!!! smile

         
  • Posted: 06 July 2012 11:46 PM #20

    lovemyipad - 07 July 2012 02:35 AM

    From Intraday:

    Mercel - 06 July 2012 01:59 PM
    Red Shirted Ensign - 06 July 2012 01:24 PM

    Will dip buyers appear today? And what constitutes a buyable dip?

    I bought the dip, regardless of what the kinky technicals say.

    I bought the (2nd) dip because of what the kinky technicals said (bullish divergence). :D

    I held smile

         
  • Avatar

    Posted: 06 July 2012 11:53 PM #21

    From Intraday:

    JDSoCal - 06 July 2012 07:35 PM

    A whole board of Carnacs, yet not one reference to options expiration.

    You switch to decaf??  Including yourself once before this post, I read at least three re: OE. wink

         
  • Avatar

    Posted: 07 July 2012 12:06 AM #22

    lovemyipad - 07 July 2012 02:35 AM

    From Intraday:

    Mercel - 06 July 2012 01:59 PM
    Red Shirted Ensign - 06 July 2012 01:24 PM

    Will dip buyers appear today? And what constitutes a buyable dip?

    I bought the dip, regardless of what the kinky technicals say.

    I bought the (2nd) dip because of what the kinky technicals said (bullish divergence). :D

    Thanks for that gift that could keep on giving, Mercel. LOL

    Anyway, I unhedged the Apr 13s.  That’s a kind of buying the dip.  AAPL was pretty resilient despite that bit of weakness at day’s end, so I made the call to turn up the risk dial a bit.

    Absolutely loved what SPY leverage was like today.  Wow!

    Signature

    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
  • Avatar

    Posted: 07 July 2012 12:46 AM #23

    lovemyipad - 07 July 2012 02:35 AM

    From Intraday:

    Mercel - 06 July 2012 01:59 PM
    Red Shirted Ensign - 06 July 2012 01:24 PM

    Will dip buyers appear today? And what constitutes a buyable dip?

    I bought the dip, regardless of what the kinky technicals say.

    I bought the (2nd) dip because of what the kinky technicals said (bullish divergence). :D

    Strange beautiful grass of green,
    With your majestic silver seas
    Your mysterious mountains I wish to see closer
    May I land my kinky machine?

    Signature

    We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007

         
  • Avatar

    Posted: 07 July 2012 12:54 AM #24

    And we can’t be talking kinky without the governor of the Heart of Texas and best kinky of all, Kinky Friedman

    http://www.kinkyfriedman.com/index.html

    Signature

    AAPL: to boldly go where no stock has gone before

         
  • Avatar

    Posted: 07 July 2012 08:16 AM #25

    Well, for the first time in quite a while, I actually managed to profit from an AAPL short term side-bet, around 5% of my portfolio.  I’m usually pretty bad at timing these short-term bets, so I’m happy this one turned out ok.

    I basically doubled a bunch of JUL12 600/595 spreads that I sold when AAPL was around $540, and just cashed out on Thursday, when AAPL was around $610.  Will use that to pay for some recent vacation expenses, plus a few toys, including a new Macbook Pro Retina and a Fender Jazz bass I’m really excited about.  I even got about $10K left over to sell a few more JAN13s and JAN14s, which is all I hold now. 

    Feels pretty good to enjoy some hard-earned profits.  I may have to do this more often smile

         
  • Posted: 07 July 2012 11:01 AM #26

    roni - 07 July 2012 02:46 AM
    lovemyipad - 07 July 2012 02:35 AM

    From Intraday:

    Mercel - 06 July 2012 01:59 PM
    Red Shirted Ensign - 06 July 2012 01:24 PM

    Will dip buyers appear today? And what constitutes a buyable dip?

    I bought the dip, regardless of what the kinky technicals say.

    I bought the (2nd) dip because of what the kinky technicals said (bullish divergence). :D

    I held smile

    I bought back the Jul 625’s I sold on Thursday, so that means if we don’t make it to 625 on the run up, then I lose less than I would have!

         
  • Avatar

    Posted: 07 July 2012 01:19 PM #27

    mjuarez - 07 July 2012 11:16 AM

    I basically doubled a bunch of JUL12 600/595 spreads that I sold when AAPL was around $540, and just cashed out on Thursday, when AAPL was around $610.

    Congrats. I take it these were BPS.

         
  • Avatar

    Posted: 07 July 2012 03:14 PM #28

    The pool at the Venetian is very nice.

    I see nothing but iPhones and about 3 iPads so far.

    Will be at the Paris pool in about 4 hours and will report from there.

    Spending my future dividends this weekend.smile

         
  • Avatar

    Posted: 07 July 2012 03:43 PM #29

    It appears that AAPL’s PE compression continues to depress the stock’s value.  This is the first quarter ever that AAPL has failed to close a trading day with a multiple of 15…  But, I think most here feel we will remove that blight from this quarter by closing above 615.15 some day this week? I say Monday.

    Edit to add ? The average PE for all trading days in the prior four quarters is lower than I expected: 15.39.

    Avg. PE for all trading days this quarter: 13.97

    The avg. 15.39 PE X TTM Earnings of 41.01 would give us a current stock price of $631.14. I think we will see that before earnings are released…

    [ Edited: 07 July 2012 03:53 PM by jjjz ]

    Signature

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

         
  • Avatar

    Posted: 07 July 2012 03:50 PM #30

    Got this link via Redler at T3.  Fascinating reading about perspectives of some of Japan’s 20-somethings (and one 30-something).

    http://www.ft.com/intl/cms/s/2/0d158be8-c633-11e1-a3d5-00144feabdc0.html#axzz1zxnBdwbZ

    Signature

    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.