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Old 01-18-2013, 07:02 PM   #21
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I find apple pretty funny because it is so big that it literally is its own asset class. Seriously, the market cap is like .5 trillion. Anyway, if you are going to make me pick a monster company, I would much rather have Exxon mobile. Over the next 100 years, I see energy as a much more valuable than the latest I gadget.

But hey there is a lot of cash on the appl balance sheet and the pe is getting low.
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Old 01-23-2013, 04:46 PM   #22
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Absolute bloodbath in after hours trading, down 10% on almost 7mn volume.
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Old 01-23-2013, 05:51 PM   #23
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Sold one weekly put (Jan 19) $480, got $4 for it. AAPL ~ $489 right now, so another $9 drop for it to be put on me, a $13 drop to exceed my break-even. Then I'd have $48K tied to it.
Your option expired, else you would have owned some AAPL tomorrow. AAPL at $461.70 in after-market trade.
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Old 01-23-2013, 06:09 PM   #24
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I might take a bite of the AAPL if the stock dips below $420.
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Old 01-23-2013, 06:24 PM   #25
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I would not take Apple stocks even if they were offered to me.
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I know there have been some on this board that has talked about how Apple is a wonderful investement etc. etc...


What do you think of it now that it is $200 off of it's high

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Old 01-23-2013, 06:29 PM   #26
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I would not take Apple stocks even if they were offered to me.


Surely, I would take anything for free that I could still sell for $460 a share!

That said, I will not buy Apple, because the high-tech market changes so fast, I don't know who's coming or going. I learned my lesson in the 2000 tech bubble already, and have not been following too many tech stocks.
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Old 01-23-2013, 06:36 PM   #27
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I would not take Apple stocks even if they were offered to me.
If anyone offers them to you, just send them to me! I would be glad to relieve you of that burden.
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Old 01-23-2013, 06:38 PM   #28
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Sorry to disappoint you, but this is how risk averse I am.
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Surely, I would take anything for free that I could still sell for $460 a share!
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Old 01-23-2013, 06:42 PM   #29
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OK. But you can sell the given shares immediately and do not have to hold them long.

Or are you afraid the share ownership, no matter how brief, would be a bad omen?
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Old 01-23-2013, 06:46 PM   #30
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I promise I will study stocks when I FIRE. Until then, I just don't have the time to buy and hold, even for a few days.

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OK. But you can sell the given shares immediately and do not have to hold them long.

Or are you afraid the share ownership, no matter how brief, would be a bad omen?
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Old 01-23-2013, 07:54 PM   #31
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Your option expired, else you would have owned some AAPL tomorrow. AAPL at $461.70 in after-market trade.
Well, that was just a little toe-dipping amount (I was going to add, 'testosterone fueled', but that's starting to sound weird!), but $400 profit in a few days is always fun. I wouldn't have wanted to hold over EA - that is often a real roller-coaster ride. When I owned a bunch of AAPL, I would sometimes buy puts to get through EA. We'll see what it opens at, I was showing > $480 later in trading.

I really wonder about the next few years though - they are at a low P/E, have a mega-ton of cash, they could be strong for a long time. Could still be a buy - or?


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I would not take Apple stocks even if they were offered to me.
That's a truly curious thing to say. If anyone offers you some, I'll take 'em off your hands for 10 cents on the dollar - win - win!

Or do you have some sort of ethical problem with owning Apple (some people do)?

PS - I see there were a few posts while I was a this - I took 'offered to me' as 'given to you for free'. There is no risk in that. But, they are offered to you, they are offered to anyone. It's an open market.

-ERD50
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Old 01-23-2013, 08:17 PM   #32
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I find apple pretty funny because it is so big that it literally is its own asset class. Seriously, the market cap is like .5 trillion. Anyway, if you are going to make me pick a monster company, I would much rather have Exxon mobile. Over the next 100 years, I see energy as a much more valuable than the latest I gadget.

But hey there is a lot of cash on the appl balance sheet and the pe is getting low.
Agree. I have a lot of Xom stock. And a lot of Apple computers. No stock.

Disclamer: I used to work for big oil.
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Old 01-23-2013, 08:23 PM   #33
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Oh, poor Apple. They only raked in > $54 billion last quarter. Looks like they're getting back to that "can't get no respect" status.

The China earnings growth story looks promising......

Meanwhile, I'm planning my next set of Apple product purchases....
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Old 01-23-2013, 08:41 PM   #34
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Well, that was just a little toe-dipping amount (I was going to add, 'testosterone fueled', but that's starting to sound weird!), but $400 profit in a few days is always fun. I wouldn't have wanted to hold over EA - that is often a real roller-coaster ride. When I owned a bunch of AAPL, I would sometimes buy puts to get through EA. We'll see what it opens at, I was showing > $480 later in trading.

I really wonder about the next few years though - they are at a low P/E, have a mega-ton of cash, they could be strong for a long time. Could still be a buy - or?
Surely, I played the market to make (or lose) a bit of money on the side like what you did too, but with leveraged ETFs so that I would commit less money than your potential $48K if things did not work out. And betting on an index or broader sector would be easier for me than on an individual stock. Well, we all want to choose our own poison.

About long-term prospects of Apple, yes, it has good low P/E and lots of cash on hand. However, the P/E is for past 12 months, and the market always looks ahead, not backwards, when it decides the valuation of a stock. I have held some stocks that started to tank while the P/E was low, which made the P/E even lower. Crazy, I said, only to see its E eventually dropped to "equalize" the P.

I am not saying that will be happening with Apple of course, as I do not follow the company or its market, and cannot make any judgement. If the market wrongly undervalues its stock, then the price will get corrected in the days ahead. I just do not know what will happen, so won't take side or make any bet for or against.
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Old 01-24-2013, 04:55 AM   #35
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Your option expired, else you would have owned some AAPL tomorrow. AAPL at $461.70 in after-market trade.
Irrelevant. He chose an expiration that didn't expose him to the earnings announcement by selling the 480 put expiring on 1/18 rather than the one expiring on 1/25.

BTW, had he chosen to sell the 480 put expiring on 1/25, he would have taken in premium of $15-$16 per share instead of $4. The higher premium was the result of (1) the longer time until expiration and, more importanly, (2) the much higher implied volatility built into the put price due to the fact that the time until expiration encompassed the earnings announcement.

Had he sold the 1/25 put and been assigned, his basis in AAPL would be 464-465 instead of 476. Of course, my guess is that he would have bought back the put at a hefty profit when AAPL rallied (twice) before the earnings annoucement.
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Old 01-24-2013, 11:54 AM   #36
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Nibbled at Apple again today.

I will get serious if it drops under $400/share.
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Old 01-24-2013, 02:59 PM   #37
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Couldn't resist, just bought 1000 at the close 450.50. It is the only stock I have.
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Old 01-24-2013, 09:05 PM   #38
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I can't help but wonder if the lack of new ideas from Steve Jobs is starting to catch up to Apple.
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Old 01-24-2013, 09:09 PM   #39
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Couldn't resist, just bought 1000 at the close 450.50. It is the only stock I have.
I have never had that much in dollar amount in any single stock. There was a poster who put the same, or perhaps even a 7-figure amount into AAPL a year or two ago. He still made out OK, if he has not sold any, I think.

Anyway, out of curiosity, I looked a bit on the Web, and saw an article mentioning an iPhone's competitive product from Samsung. This Samsung smartphone has a 5" screen. I do not even own any smartphone now, but know that it is pretty darn big!

First, they tried to make them small. Now they make them bigger, and how long before there's one as large as an iPad? Where's the limit where consumers stop wanting them bigger? One to haul on a shoulder like the boombox of yore?

I don't understand any of this, being so outdated.
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Old 01-25-2013, 07:30 AM   #40
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I have never had that much in dollar amount in any single stock. There was a poster who put the same, or perhaps even a 7-figure amount into AAPL a year or two ago. He still made out OK, if he has not sold any, I think.

Anyway, out of curiosity, I looked a bit on the Web, and saw an article mentioning an iPhone's competitive product from Samsung. This Samsung smartphone has a 5" screen. I do not even own any smartphone now, but know that it is pretty darn big!

First, they tried to make them small. Now they make them bigger, and how long before there's one as large as an iPad? Where's the limit where consumers stop wanting them bigger? One to haul on a shoulder like the boombox of yore?

I don't understand any of this, being so outdated.
I have never owned an apple product (myself) and have no idea how to use an iphone as I have an old LG clamshell with a radio in it, that I never figured out how to work. I am a trader as opposed to investor and only trade a few times a year now. The last stock I owned for more than a few day's was Nokia last summer. That being said, I only bought yesterday as the volume suggested capitulation and I thought there was a quick 15-20 points at the open. So far (based on pre-market) I am wrong and it looks like I will be out with only a small gain!
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