Apple looks good!

[skiracer]

Bought 6 contracts of AAPL $210 Dec Calls today for .60 just for fun. It's a gamble but the most I can lose is $360. Good luck.

I thought that was a nice play Wooish. Looking at them myself.

[skiracer]

Bought 6 contracts of AAPL $210 Dec Calls today for .60 just for fun. It's a gamble but the most I can lose is $360. Good luck.

Sorry about that last post Wooish. was thinking of something else when i posted it. not much time left in that option. cant see the option going up much in a few days left to expiration.

[yoyomama]

i'm not too concerned. institutions are probably just locking in year end profits. It will be up again, just don't get nervous and sell for a big loss.

Nah...I'm hangin'.

[wooish]

Sorry about that last post Wooish. was thinking of something else when i posted it. not much time left in that option. cant see the option going up much in a few days left to expiration.

Yup

Yup no biggie, I might take a loss this Friday. I'm thinking of buying the Jan 2010 $210 call, I have confidence that AAPL will bounce back to that level in a month. It's a good time to buy on the dips.

[dcman401]

Yup

Yup no biggie, I might take a loss this Friday. I'm thinking of buying the Jan 2010 $210 call, I have confidence that AAPL will bounce back to that level in a month. It's a good time to buy on the dips.

Options with AAPL always scare me...the stock is so volatile and moves so much even without any news, I wouldn't go near them. I mean just look at the past week or two. The prices have gone from about $204-$188/share and there hasn't been any news! It deff. is a stock that has the potential to make you a ton of money with options, but just way to risky for me. I believe it will perform very well in the upcoming year/years to come, but I wouldn't bet a cent on when it will happen.

But then again, im a wimp when it comes to investing. ive just been day trading aapl with a fairly large sum of money picking up a percent here and there doing pretty well. But I always had the mentality i would stick with it for the long run, if i ever was in the red...and here i stand, holding aapl until I make some money off of it.

But it's a plan im happy with. I have no problem holding aapl until it goes up, and im pretty sure i will take home a nice profit in the end.

May sell a couple covered calls tomorrow though to give me some income while I wait.

[yoyomama]

But then again, im a wimp when it comes to investing. ive just been day trading aapl with a fairly large sum of money picking up a percent here and there doing pretty well. But I always had the mentality i would stick with it for the long run, if i ever was in the red...and here i stand, holding aapl until I make some money off of it.

I take it you're not shorting it when you trade...is this the first that you've been in the red with it?

It sounds like a good plan...there are several that I went way red on that if I'd just stay put the hurt wouldn't be so bad.

Okay, so ETFC ain't one of those. Die you bastid stock!

[dcman401]

No, I never short it.

My theory is that over time it will go up, so I can never be in a bad position even if the price drops. Just means all I have to do is wait longer, and make sure in picking solid companies that will bring me good gains over time.

And with stocks like AAPL right now, what I do when im a good amount away from making profits or my goal amount, I'll short it by selling covered calls with a strike price around what I intend to sell it at. AAPL is slight different because I got in around 201, and am selling a covered call for 200 in December. Usually I woud buy at 201, and sell a 210 covered call.

So that's usually my safety net in times like these when I want to make up for some of my unrealized losses. But buying at 201, selling a covered call right away at 210 with a stock like aapl is never a bad idea either. You could potentially miss out on HUGE gains, but most times it will just add to your profits.

[dcman401]

Aapl is huge today

[yoyomama]

Huge....of course if you got in it at $205 that's another story.


Sat there yesterday at 189.87 thinking...I'm going all in right here - and didn't.

waaaahhh!

[zztopstock]

ya gotta go with your gut!
________
Felly cam

[dcman401]

ya gotta go with your gut!

Should be an interesting week. I sold a december 200 call a few days ago...lets hope we see a close around 200 next friday, but not much higher. Then 205 the week after!

[yoyomama]

Should be an interesting week. I sold a december 200 call a few days ago...lets hope we see a close around 200 next friday, but not much higher. Then 205 the week after!

I'd like to see a close around 200...this Friday.

[billyjoe]

dcman,
I bought at 196 and 199. Some day you'll laugh at 201. A couple years or so ago I couldn't wait for it to hit 100 then I'd sell. It won't fool me again.

-------------billy

Here we go !

---------billy

[dcman401]

Here we go !

---------billy

don't get too excited....remember around 70% of aapl is owned by institutions.

In the long run this stock will perform very well. But these 1-2% daily changes I believe are mostly institutional manipulations.

I'm just going to keep holding, and one day I'll wake up and see aapl trading around $225...it's inevitable.

[ninner]

good to hold apple, but i wouldnt be buying more here...cus apple wants to go downtown and will over time ...next stop should be around 180 and we will see how volume is down there