AAPL is Overpriced!

Update from today:

AAPL nosedived from $524-ish down to $519, literally in a matter of seconds this afternoon for no logical reason, and stayed around there for the rest of the day.

I had a stack of puts I got when it was at $530 (for absolutely no reason) so I sold them when it was down $518. This is one of the most erratic stocks I watch, even more jittery than a lot of the biotech stuff I like to work with.

Quote from Humpy:

Apple is a classic case of THE MAN leaving the company ( ok dying then ), It could go from top co. to a second rate plodder if another top man can't be found.

Same happened to Microsoft and others.
So the moral of the story is invest in the - "best people's" - companies. Tim Cook is looking decidely of mediocre talent. Just dressing like Steve Jobs is not good enough.
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Apple still has it's brand power but cook is certainly not making the best of it. It's fading quicker than many people notice...and Icahn keeps spamming press releases hoping to get people to drive it up to $550+ even when there's no reason for it to be north of $500 right now.
 
Quote from Safilo:

Update from today:

AAPL nosedived from $524-ish down to $519, literally in a matter of seconds this afternoon for no logical reason, and stayed around there for the rest of the day.

I had a stack of puts I got when it was at $530 (for absolutely no reason) so I sold them when it was down $518. This is one of the most erratic stocks I watch, even more jittery than a lot of the biotech stuff I like to work with.



Apple still has it's brand power but cook is certainly not making the best of it. It's fading quicker than many people notice...and Icahn keeps spamming press releases hoping to get people to drive it up to $550+ even when there's no reason for it to be north of $500 right now.
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lol dude, read the news. Icahn's "crash" warning and the drop in the shares were simultaneous. You can't provide the confirm on those fantasy puts you "bought." Comes on here with a BS put buy after it drops less than 1%. You piker.
 
Quote from drownpruf:

lol dude, read the news. Icahn's "crash" warning and the drop in the shares were simultaneous. You can't provide the confirm on those fantasy puts you "bought." Comes on here with a BS put buy after it drops less than 1%. You piker.
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Icahn is just trying to manipulate the market by scaring noobs like you into taking bad positions - i.e. following his lead.

I bought the $525 puts last week when AAPL shot up to $530, knowing that it wouldn't take long for it to come back down to $520 or lower. There was no reason for AAPL to go to $530 and technically there is no reason for AAPL to be above $500, and yet it is.

Most intelligent traders will seek to make defined profits and cut losses at specific thresholds. If you are looking for that grand slam 50% gain in one day, you're better off buying lotto tickets. I guess that is why you spend most of your time trolling this site while I'm raking in 5 figures per day on a slow day. lol
 
Quote from Trader.Fighter:

You make 5 figures a day on a slow day and you call a 1% move in an equity a nose dive.

Something does not add up.
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Could be in Somali Shillings. 10,000 Somali Shillings = 8.18 USD.
 
Quote from Safilo:

Icahn is just trying to manipulate the market by scaring noobs like you into taking bad positions - i.e. following his lead.

I bought the $525 puts last week when AAPL shot up to $530, knowing that it wouldn't take long for it to come back down to $520 or lower. There was no reason for AAPL to go to $530 and technically there is no reason for AAPL to be above $500, and yet it is.

Most intelligent traders will seek to make defined profits and cut losses at specific thresholds. If you are looking for that grand slam 50% gain in one day, you're better off buying lotto tickets. I guess that is why you spend most of your time trolling this site while I'm raking in 5 figures per day on a slow day. lol
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You should have cut your losses.
 
Quote from RedTankEra:

Very well, I will reply when I succeed.
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Succeeding, a kind alert to let you know there is still time for you to join my side.

Happy thanksgiving.
 
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