Taking Apple (AAPL) short

apple is what homebuilders were in 2005/2006

Quote from lwlee:

Waaayyyy too early to dump Apple.

I also have apprehension about Apple future innovation without Steve Jobs' vision. I believe that's one of the reason why it's P/E multiple is so low. But I don't think we are at the peak yet. Market will rally, Apple will go up. I figure we'll need at least another year to determine if there are cracks.

Right now, the train is cruising along and in momentum. It takes a while to derail that kind of trajectory.
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Quote from chaosclarity:

The last few days I was thinking that Apple would be a fantastic buy then when I saw Tim Cook get on stage I had second thoughts. Tim Cook is no Steve Jobs and the market confirmed my opinion as Apple went down 2%.

I know and fully understand the respect of Apple and Steve Jobs, however, as an investor/trader I have to do whats right in regards to my accounts. In this case, taking the common stock of the company short is the right thing to do. Only a relatively small number of contrarian investors will understand my logic. While the rest of the investors are trapped inside "The Matrix", by their own choice, and have no hope of escape, blinded by their own delusions.
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The shares closed the week under $370 before you authored this thread. $408 last.

You really, truly suck at life, michaelscott. Clown shoes.
 
I actually made a few dollars buying Oct14 410 puts the other day expecting gap to close. I traded it 3xs and got lucky. However now I have a backspread long at 405/410

It just seems that the 4Q is not a time to short the strongest performing tech stock. It could have a sell-off in October, but so far it sure doesn't look like there is much reward on a short vs. risk.

Put options (backspread) is different story.
 
417 now - Glad I stayed long, although I don't have a crystal ball to guess where it will go from here.

But staying long for a while more.
 
The high is 422.86. Have a chance to break it today. Earnings is Tuesday. If it's blowout, we could be seeing north of 440.
 
Quote from chaosclarity:

I will continue to add to my short position as the market rises.
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You're retaildaytrader, right? michaelscott? You've yet to mention a fill, but it looks like you're down 45 handles.

Mods, time to visit chit-chat with this thread.
 
I think I can. I think I can. 422. 422. All time high. All time High. :D

Highs are like magnets. Price gets drawn to it.
 
Quote from lwlee:

I think I can. I think I can. 422. 422. All time high. All time High. :D

Highs are like magnets. Price gets drawn to it.
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He's only down 52 handles.

Speaking of handles... they're like assholes; everybody has one. RDT will just abandon this handle and start fresh.
 
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