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Weekend Updates - Archive
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Soda, bartender. Free refills?
Better than last week. Still rebuilding and making idiot mistakes, but it was a good week to start getting back on track.
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Phoebear611
- [ Ignore ]
Have you all been reading the tweets on the trial…so interesting. Seems SJ in 2011 had been advised by the chief of iTunes that there was a market and a need for the 7” tablet and he was extremely receptive to the findings. It’s all over the press right now. A few more tidbits…all so interesting.
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Keep Calm and Carry On
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Have you all been reading the tweets on the trial…so interesting. Seems SJ in 2011 had been advised by the chief of iTunes that there was a market and a need for the 7” tablet and he was extremely receptive to the findings. It’s all over the press right now. A few more tidbits…all so interesting.
Of course he was. Have people not read his biography? Jobs may have had many convictions about his products, but he loved to change his mind.
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Phoebear611
- [ Ignore ]
And there is more:
Eddy Cue “I believe there will be a 7-inch market and we should do one”So if it was rumored before…I’m thinking people will be jumping all over this as something that is more than just “possible” but actually “probable”...which means..could be a good week coming up.
And one last note from several who were streaming/tweeting:
“Wow. Latest Samsung documents suggest they looked at Apple UI and borrowed elements”It’s amazing….really.
[ Edited: 03 August 2012 08:20 PM by Phoebear611 ]Signature
Keep Calm and Carry On
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I’ll take my whiskey on the rocks. Better make it a double. King of idiot mistakes right here.
Had sold some $615 weekly calls against stock and LEAPS. Closed them at the last minute, or so I thought. I used a limit order with what seemed like a sure fill but only got half filled into the market close. Lots of should’ve, could’ve, would’ve swimming in my head now….
I guess I’m going to learn what it’s like to be assigned.
:evil:
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The only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. — Steve Jobs
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And there is more:
Eddy Cue “I believe there will be a 7-inch market and we should do one”So if it was rumored before…I’m thinking people will be jumping all over this as something that is more than just “possible” but actually “probable”...which means..could be a good week coming up.
And one last note from several who were streaming/tweeting:
“Wow. Latest Samsung documents suggest they looked at Apple UI and borrowed elements”It’s amazing….really.
There’s a whole thread on this, Phobes.

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We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007
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Phoebear611
- [ Ignore ]
And there is more:
Eddy Cue “I believe there will be a 7-inch market and we should do one”So if it was rumored before…I’m thinking people will be jumping all over this as something that is more than just “possible” but actually “probable”...which means..could be a good week coming up.
And one last note from several who were streaming/tweeting:
“Wow. Latest Samsung documents suggest they looked at Apple UI and borrowed elements”It’s amazing….really.
There’s a whole thread on this, Phobes.

Thanks - must have missed it - will re-direct!
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Keep Calm and Carry On
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I’ll take my whiskey on the rocks. Better make it a double. King of idiot mistakes right here.
Had sold some $615 weekly calls against stock and LEAPS. Closed them at the last minute, or so I thought. I used a limit order with what seemed like a sure fill but only got half filled into the market close. Lots of should’ve, could’ve, would’ve swimming in my head now….
I guess I’m going to learn what it’s like to be assigned.
:evil:
We barely closed above $615. I’m no expert, but can’t imagine a lot of MM’s want $615 Apple shares from you when they probably could have bought them in the aftermarket for at or even under that?
Do you have big gains on your shares? If so, oh well, you lock in 2012 cap gains rates, so there’s that.

Let us know when you hear something.
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We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007
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I’ll take my whiskey on the rocks. Better make it a double. King of idiot mistakes right here.
Had sold some $615 weekly calls against stock and LEAPS. Closed them at the last minute, or so I thought. I used a limit order with what seemed like a sure fill but only got half filled into the market close. Lots of should’ve, could’ve, would’ve swimming in my head now….
I guess I’m going to learn what it’s like to be assigned.
:evil:
What were your BTC terms? All-or-none or similar? If not, I think you’re going to learn what it’s like to be… _partially_ assigned.
And you never know, locking in long-term capital gains this year may not be a bad idea from a tax planning perspective.
Did you buy all at once? If not, call your broker - use the power of Lot Selection?. Heck, you should call your broker anyway.
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
moved from intraday….
Is there a way to tell if institutional ownership percentage is down due to an increase in retail ownership, or institutions selling off positions? It’s a 18-19M share difference…..
To answer my own question
It appears the institutions have sold off 17.5M shares this quarter. Since the stock price has gone up, it appears retail investors have picked up the slack. I would thick the institutions would want to be loaded with AAPL prior to the divy ex date. Those 17.5M unloaded shares represents $46+M in unrealized div’s. Why wouldn’t they be buying back in next week? Or is my line of thinking way off??
Thank you for the information. Now what does this mean?
Are institutions waiting for the WTF sale? Is the 2.65 per share per quarter insulting to the income funds?
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Because Longer is better…....
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Almost forgot.
Enjoy the weekend! Could be easier than usual
...it’s been a very good week for AAPL longs.Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
I’m happy to see Apple close above the highest OI call strike—it reminds me of the big run early this year.
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I’m happy to see Apple close above the highest OI call strike—it reminds me of the big run early this year.
+1
If SPY can just hang in there a bit longer, maybe go for a short squeeze over 140, we could possibly follow suit in taking out 620 next week…
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The “Monday effect” _could_ be in play. That alone could be good for a little head start. AAPL taking a relative breather is no bad thing, even though a potential mechanism for that (stupid OpEx) could be the cause.
AAPL almost levitated over the indices all week. I don’t think that was an accident.
Granted, anything can and will happen but I think AAPL has found its footing again, along with the rest of the market. NASDAQ 3000 isn’t too far away and US market sentiment isn’t horrible. It could be a very quick upswing but I think there’s a decent chance of it happening.
Just to be “safe(r)”, I’ve kept back a little extra cash and pushed the majority of my reallocated risk to Apr 13. But MACD-h on the daily chart _might_ be a tell.
[ Edited: 04 August 2012 12:28 AM by Mav ]Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
I think that if we take out 620 on Monday, we could be positioned to be testing the ATH much sooner than any of thought on July 25th. It feels like we have some momentum, and the dividend, and the iPhone 5, and the iTV, and split rumors, and…

