Aapl

[B.J]

One more thing: On rare occasions, I have noticed that a holder of a stock can be sensitive if someone posts a contra view. Almost invariably, that contra view proves to be correct. But in any case it does indicate that the holder of the stock is emotionally wrapped up in it.

The stories Webs, Ski, and myself can tell about some DHB holders... man that was a tragedy for some

[phobophobia]

I forgot to mention:

One more thing: On rare occasions, I have noticed that a holder of a stock can be sensitive if someone posts a contra view. Almost invariably, that contra view proves to be correct. But in any case it does indicate that the holder of the stock is emotionally wrapped up in it.

The emotions are in response to MTM's conduct--not the stock. This statement could apply to just about everyone here. (Why, you ask? Because very few of you actually know each other personally. If you knew me, you'd know that my opinions stem from lots and lots of research and personal experience. I did find MTM's behavior a bit disrespectful but I have never had anything against him, and didn't feel the need to ignore him.)

There is no speculation, "sensitivity" or being wrapped up in emotions here: AAPL is a great stock to be holding onto. It has great growth, no debt, a loyal consumer base, far superior products, a fantastic CEO and even more room to grow, since it still has a lot of market share to get to. My only emotions in relation to AAPL are satisfaction and anticipation: satisfaction for the 200%+ price movement since I've bought it, and anticipation for earnings.

P.S. How many shares of Apple have you shorted?

[phobophobia]

Nobody believes she's going to run up much past $39.

Is this in reference to AAPL? Cuz that's a lot of nobodies.

[New-born baby]

Phobia

Is this in reference to AAPL? Cuz that's a lot of nobodies.

No. That was written in reference to the QQQQ. For the QQQQ, the Jun $39 calls are selling for only 15 cents. QQQQ has had a good run up, but it seems that a majority of investors think that the run is about over.

As for AAPL, I don't own any, and I haven't shorted any. It trades too many shares per day for my taste.

I am glad you have done the research, and feel confident of the stock. Feel free to post any and all the information you care to share with us. Perhaps you can convince us (or me) to invest in AAPL. KingoftheHill has done a great job with ELN. I think it is incredible the effort he has made to keep informed, and his posts have been a real help. IIC--this man is also incredible. He really does a lot of nice work, too. So please, post all you can about the company. It would be helpful.

As far as why I posted, I was just remarking that a kind response--even if someone would post a rude remark---is always appropriate.

Best to you, Phobia, and to AAPL.

[phobophobia]

No. That was written in reference to the QQQQ. For the QQQQ, the Jun $39 calls are selling for only 15 cents. QQQQ has had a good run up, but it seems that a majority of investors think that the run is about over.

As for AAPL, I don't own any, and I haven't shorted any. It trades too many shares per day for my taste.

I am glad you have done the research, and feel confident of the stock. Feel free to post any and all the information you care to share with us. Perhaps you can convince us (or me) to invest in AAPL. KingoftheHill has done a great job with ELN. I think it is incredible the effort he has made to keep informed, and his posts have been a real help. IIC--this man is also incredible. He really does a lot of nice work, too. So please, post all you can about the company. It would be helpful.

As far as why I posted, I was just remarking that a kind response--even if someone would post a rude remark---is always appropriate.

Best to you, Phobia, and to AAPL.

Sorry, was stuck in defensive mode and wasn't aware of current QQQQ prices.

I am always happy to be hit with lots of criticism--it shows potential. If I were to post that AAPL would be going up in price dramatically and got a bunch of posts saying "yes, of course it will" I would closely reexamine the fundamentals of the company and determine whether or not my decision made sense immediately. Having people agree with your choices is a very bad sign; if everyday people are willing to think that the stock is a good buy, where is the profit going to come from? Selling options just keeps looking better and better. Sigh. Someday...

[skiracer]

BJ,
I remember that period well on the IBD forum. You couldn't say a negative word about DHB without being run out of town. I took a position myself at around 20+ because I thought it was going to rocket an instead the CEO and other officers began that selloff an I got caught in it. I had a pile of it, around 4000 shares at 20+ and even with the 7% exit strategy got my brains knocked in. Actually held it a little bit past 7% thinking it would recoup but no cigar. My worst trade last year results wise. Lost over $4000 or so. Even at that, an I thought I paid my dues with the stock, you couldn't say a negative word about it. My only consolation was that Poorman turned me on to it at around 7 initially an I rode it to 10 before exiting. The gains were washed out by the eventual loss.

[spikefader]

....always happy to be hit with lots of criticism--it shows potential......having people agree with your choices is a very bad sign...

I generally agree with this concept. The only problem with this thought is that when one receives really good opinion one misses the opportunity of appreciating it. If one boldly and stubbornly thinks one is right and allows this thinking to influence one's trading then it is a potential recipe for disaster if you don't have an escape clause (i.e. stop loss) somewhere. And I'm not even talking about AAPL here; I'm talking about every issue one trades.

See, you're fundamentally in love with AAPL, you're absolutely not going to short it, you're holding long in wonderful profit (congrats by the way ) and you're letting it run, which is what one should do with winners. You're even prepared to add to you winner, I presume, and all that's great. It doesn't really matter to you what the short term technicals are saying to you. But at what point do you take it all off the table and look for another great stock to average into. And where is your emergency exit for the day (God forbid) where there is devastating news for AAPL? And if you don't have one, what would you do if it gapped down to $25.00, $15.00 or $10.00?

Good tradin' to ya Phobo

[phobophobia]

I generally agree with this concept. The only problem with this thought is that when one receives really good opinion one misses the opportunity of appreciating it. If one boldly and stubbornly thinks one is right and allows this thinking to influence one's trading then it is a potential recipe for disaster if you don't have an escape clause (i.e. stop loss) somewhere. And I'm not even talking about AAPL here; I'm talking about every issue one trades.

See, you're fundamentally in love with AAPL, you're absolutely not going to short it, you're holding long in wonderful profit (congrats by the way ) and you're letting it run, which is what one should do with winners. You're even prepared to add to you winner, I presume, and all that's great. It doesn't really matter to you what the short term technicals are saying to you. But at what point do you take it all off the table and look for another great stock to average into. And where is your emergency exit for the day (God forbid) where there is devastating news for AAPL? And if you don't have one, what would you do if it gapped down to $25.00, $15.00 or $10.00?

Good tradin' to ya Phobo

I will move to a different stock once AAPL is no longer undervalued. If the devastating news had no actual effect on profits, I would hold onto it. Apple's product lines are very powerful: they have superior profit margins, and are amazingly high-quality--which will translate to record sales (oh wait a minute, that's right, IT ALREADY HAS TRANSLATED TO RECORD SALES). It is more important to trade based on value than "how far away the current price is from my purchase price". If you ask me, that's absolutely foolish.

It amazes me how people will take press releases that mean nothing as good news. "Our revenue is five hundred bajillion dollars!!!", and then of course once they report earnings... it's no longer the revenue that matters--it's the huge negative EPS. (NAPS, I'm looking at you...)

[Runner]

Might be a P/B on AAPL

[phobophobia]

Might be a P/B on AAPL

Probably related to the bad news today. Buying more.

[B.J]

Starting to look like advantage Phobo. Congrats for your patience

I'm actually watching this one now.

[phobophobia]

Starting to look like advantage Phobo. Congrats for your patience

I'm actually watching this one now.

Thank you.

[phobophobia]

Sorry you feel that way, but your not going to see its highs of 46 anythime in the near future. Good luck on your high expectations, since I did'nt know we were talking about holding for a long long time. In which that case I would still be short.

Yeah, we're definitely not going to be seeing 46 anytime soon... 70 is more like it. If this were a bad stock, it wouldn't have bounced back from a ten point loss to reach new 52 wk+ highs. Don't automatically assume just because someone loves a stock (or the company, or the product) that the stock is bad. (New Born Baby). Market conditions, technicals, fundamentals and earnings determine whether a stock is good or not--not the people who think the stock is a buy!

Short term, the stock was bad (right before the ten point drop LOL) but I acknowledged this, I admitted that short term it could be bad.

Anyway, yeah. I hope to continue discussing this stock for years to come, as it is very likely I will be owning it for that long. (Hopefully longer, after having made tens and tens of thousands of dollars and Apple having made billions and billions of dollars).

And now, possible topics of discussion: Macs using Intel chips, growth in China (only makes up 1% of total revenue), New products, changes to the iPod line (video...?), new operating systems (their current one is amazing, I still need to upgrade), the future of Apple laptops, expansion of Apple retail locations, competition to iTunes--not that there's anything else worthwhile, and that's pretty much it.

Remember kiddies: for every 1% of marketshare that Apple takes from other computer manufacturers, they get 1 billion dollars in revenue. Let's see, Dell not being able to meet revenue expectations and Apple continuing to grow at a pace significantly faster than the industry average while beating earnings estimates handily... couldn't be related. Nah, not at all.

The future of computing is with Apple. Feel free to deny it, because it only goes to show how much profit there is to be made in the stock. (which I will be using to by a new system sometime in the future).

[New-born baby]

Sorry about that

Yeah, we're definitely not going to be seeing 46 anytime soon... 70 is more like it. If this were a bad stock, it wouldn't have bounced back from a ten point loss to reach new 52 wk+ highs. Don't automatically assume just because someone loves a stock (or the company, or the product) that the stock is bad. (New Born Baby).

Phobo,
I am sorry that I assumed that AAPL was a bad stock because you love the stock (quoting your words above). I should have been more kind and clear in my post. What I should have more clearly conveyed is that emotion (love) can cloud our judgment. It can make us stick by a stock through hard times when we should have cut it loose. More than that, please understand that I trade technicals--i.e. what the chart says--not the fundamentals. The problem with charting is that it only tells you what might happen tomorrow, or next week, and it has no way to inform one what may happen in a month or two. Technical traders are blind to the fundamentals and cannot see months and years into the future.

On the other hand, would you have been better off to cut AAPL loose before the $10 drop, and re-enter at a lower level? It makes sense to a technical trader.

But I want to sincerely apologize for my remarks. I do not want to offend anyone. I want to only offer--I hope--sound technical advice for those who want it.

Sincerely,
New-born Baby

[phobophobia]

On the other hand, would you have been better off to cut AAPL loose before the $10 drop, and re-enter at a lower level? It makes sense to a technical trader.

Would you have been better off shorting it right before it went down ten points? It makes sense to a technical trader.

Would you have been better off buying the best performing stock? It makes sense to a technical trader.

Would you have been better off starting an amazingly run, extremely popular restaurant franchise worth hundreds of billions of dollars? It makes sense to a technical trader.

Criticism is for critics. (And I found that paragraph very condescending). Thanks for the apology. Maybe I'm just not "technical" enough for the people around here, I'm too interested in "money".