If you had replaced AAPL with RIMM then you would have had a solid call. I put on short term bearish options trades in RIMM today. Hoping for a gap fill next week then hoping it rallies/short squeezes even higher as we get closer to the release of BlackBerry 10. Around 14 to 15 would be great to short this stock. Maybe there will be some random buyout rumors that will drive it higher too.
AAPL has pulled back in the last couple of days. Good time to buy some more? The technicals indicate a good time to do so.
Bought Yahoo at 14.81 and just sold it. Made a nice 30% profit in a few months. Any thoughts on Ross Stores (ROST)?
Sweet man, I was thinking about jumping in as soon as the new CEO was announced, running at like 13.50...feel bad I didn't
I wish I could sell my AAPL at 690 I'd still look to hold RIMM long could be a couple more dollars left in it.
ROST is solid from everything I know about it. With the economy going nowhere and taxes going up for everyone it would seem to be another solid defensive name to hold.
LOL, I sold RIMM, it's just to risky... I have rebought ARNA at a small dip today..might keep it until closing for a few hundred bucks in profit.
Unfortunately I did not, but did today. Prob should not have but whatever. Sold my ARNA share today at a small loss. Running AMD, MNKD and SVU currently...not sure how this one will pan out, lots of risks on all three.
Sold MNKD and AMD this morning. Should have kept AMD as it almost doubled since I sold. Still made a nice profit. Keeping SVU probably throughout the week. Bought 440 shares of FB, don't even know why...prob sell by tomorrow..
it was, but would have had really nice gains if I hadn't picked up FB bought it at it's high and over the day it went down by $1.50 I'm just hoping it makes a nice run tomorrow so I can sell this piece of chit
just curious, what made you confident to pick up svu after that pretty negative sounding news? and fb looks pretty bearish to me. id be giving it a pretty short leash....hope it bounces for you
I've followed SVU for a while..and back a few months ago it dropped like a rock...then rumors of the company being sold started swirling around, stock jumped like 1.50 over a month... Last week then Cerebrus, the investment firm who was about to get the deal done, said that it wasn't close because of questions in regards to financing the whole deal. That made the stock drop 50 cents. I was thinking there is no way it can go lower and the deal still might happen. Now I think the deal will happen, its just a matter of time. Might see a nice bump to $3 or so... To bad my emotions got to me on FB and I bought it just because it was going up lol.
Have my first phone interview with BNP Paribas tomorrow. Researched a bunch on the web but still not sure what to exactly expect.. Wish me luck!
What a market day SVU was down this morning .10, but with news of Cerebrus buying Albertsons and SaveALot the stock is plus .22 now. Good thing I stuck to it and didn't sell at it's morning low. Nice gains brah! In other news, AAPL is down 4% AAPL Off 5%: Margin Requirements, DigiTimes Cited By Tiernan Ray Shares of Apple (AAPL) are down $20.04, or 3.5%, at $555.81, on no apparent news this morning. One contact suggests the proximate cause is an article this morning by DigiTimes’s Cage Chao and Steve Shen, which appears to bring good news but perhaps has a negative implication as well. The article, “iPhone 5 yield rates improving, say sources,” repeats what many Street observers have been writing in the last week or so, namely that production of the iPhone 5 has gotten easier, as indicated by shorter stated delivery times for orders. The article suggests unnamed contacts among wireless chip suppliers indicate sales of the iPhone 5 may top expectations. All nice, except the last line of the article speaks of a “slow season,” stating “Apple’s demand for parts and components may plunge over 20% sequentially in the quarter, the sources warned.” Then again, it’s possible the drop has nothing to do with the article, but something entirely different. Update: There was also a brief item from the staff at StreetInsider this morning stating that some clearing firms are raising margin requirements for clients that trade in Apple, without citing sources. CNBC appears to be making the margin requirement argument as well. The stock is now off $26.86, almost 5%, at $548.99. Update: Laurence Balter, principal with Oracle Investment Research, who this morning raised his rating on Apple to Strong Buy, tells me in a brief email communication that, indeed, he believes the swoon this morning is a consequence of greater margin requirements by some firms as a consequence of the rogue trader at Rochdale Securities back in October.
AAPL is nuts. All of the selling today felt like the selling on the first rip down to 505. It's almost like forced selling which jives with the margin requirement talk. Margin selling can become a negative feedback loop...we will see if this thing has enough fuel to make it back to those 505 lows. I think it will be hard for it to get there, but wait and see.
