re: Covered calls on AAPL?

Here's what I wrote in another thread yesterday on AAPL....I think bailing right now is just a bad idea and you shouldnt care what the next 12 months are, unless you're a chartist and trying to trade the name. Selling calls here at 52 week lows is silly IMO but profit is profit.

"Apple is fine, they have tons of cash, cash is king. Buybacks are stupid I dont know why everyone wants a buyback just to artificially boost share price, google isnt buying stock. Yes apple is cheap but its a tech company for god sake. They might make sense for a company with nothing to innovate like Procter Gamble but for companies that have major opportunities, buybacks are idiotic. Apple should use their cash to go in and dominate other industries whether it be finance, automobiles,virtual reality,robots, whatever.They have the cash. They have the organizational structure, Tim cook is a supply chain guy. They have the technical chops. But mostly their ecosystem gives them an incredibly powerful base to grow from.

Apple's strength is their cash, their cash flow, their modern corporate structure, their lack of pension overhang, unions and such. Buying back stock and giving out dividends weakens the company. We're entering a phase in society where literally facebook,apple,google will dominate our lives till the end of time, if anyone emerges they will be acquired. I would want to hoard all the cash in the world and prepare to just dominate every field if I was running apple. Of course old people retiring today want dividends. They're in a great position to be in. "

FWIW I stlil think apple is worth $5 trillion or more in 20-30 years yes still 10x or more from here as ridiculous as it sounds. This thing is nowhere near topping out, whatever they want to dominate they can and will. Their cash pile is unstoppable. When will they get into other things, who knows, but they will, just relax, its the best name youll ever own, your ancestors a few generations away will thank you for holding on.