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re: Time to sell or short Apple IMO

Posted on 4/10/15 at 4:11 pm to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/10/15 at 4:11 pm to
If I wanted cash, I would t buy a stock.

You pay for earnings. You don't pay for cash.

Also, a lot of that cash has unpaid taxes on it.

There are 100 companies that I would own before AAPL.
Posted by Radiojones
The Twilight Zone
Member since Feb 2007
10728 posts
Posted on 4/10/15 at 5:00 pm to
quote:

I bought 2,000 shares of Apple at $20/share. At the time it had more cash on hand than its entire market cap. Was biggest no-brainer ever. After holding for about a year it was down to $18/share.


So you subscribe to the buy high, sell low school of investing?

I would recommend holding Apple for the very long term unless the fundamentals change within the company.
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
9914 posts
Posted on 4/10/15 at 5:59 pm to
Short sell AAPL?
Posted by thatguy777
br
Member since Feb 2007
2384 posts
Posted on 4/13/15 at 8:04 am to
1 million preorders for the watch. Go ahead and short. I'll hold
Posted by Sho Nuff
Oahu
Member since Feb 2009
11917 posts
Posted on 4/27/15 at 4:25 pm to
Bump
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
9914 posts
Posted on 5/5/15 at 5:10 am to
Bump worthy for sure...
Posted by Jag_Warrior
Virginia
Member since May 2015
4092 posts
Posted on 5/5/15 at 8:25 pm to
Maybe sell some calls or buy puts instead?

Even with today's price action, actually shorting AAPL can be painful. I could have told you to short BABA a few months ago. Since I went long, at least one of us would be in the black now.
Posted by lsu xman
Member since Oct 2006
15551 posts
Posted on 5/6/15 at 6:01 am to
No way apple sees $200. That's over 50+% gain. Dow would gain another 3000+pts and Naz see a 30% gain.

I think the market is topping out. 1st QTR GDP was in the negative. JMO.
Posted by Shepherd88
Member since Dec 2013
4584 posts
Posted on 5/6/15 at 6:50 am to
1st qrtr GDP was in negative last year as well...
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 5/6/15 at 8:20 am to
quote:

Bump worthy for sure...


It's at $124.67 right now. It was $126.55 when I made my call.

6 month time frame. Slightly in the black as of today.
This post was edited on 5/6/15 at 8:53 am
Posted by Jag_Warrior
Virginia
Member since May 2015
4092 posts
Posted on 5/8/15 at 7:09 pm to
One issue with shorting dividend paying stocks: you owe the lender the dividend. AAPL went ex-div yesterday. So .52/share is the dividend tab so far. And this transaction now has about 30 days of margin interest attached to it. Depending on your account size and who it's with, you're probably looking at an interest rate from 6-9%.

That doesn't mean that this trade won't work out, but there are associated costs with going short.
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38259 posts
Posted on 5/8/15 at 10:13 pm to
Lol neither of those are true
Posted by Jag_Warrior
Virginia
Member since May 2015
4092 posts
Posted on 5/8/15 at 11:52 pm to
Edit: Sorry. I'm still getting used to how the quote function works on this board.
This post was edited on 5/9/15 at 12:09 am
Posted by Street Hawk
Member since Nov 2014
3460 posts
Posted on 5/9/15 at 12:14 am to
quote:

You pay for earnings. You don't pay for cash.

Also, a lot of that cash has unpaid taxes on it.


Lol. Where do you think all that cash came from? EARNINGS. Most companies would be happy to make as much revenue as AAPL does in Net Income.



quote:

There are 100 companies that I would own before AAPL.

Yeah and most of them will probably do worse than AAPL. Folks like to predict the demise of AAPL, but it ain't happening any time soon. I bet you are one of those people that are mad that they didn't get in early enough on AAPL, and now you try to underplay it's stock performance.
Posted by Double Oh
Louisiana
Member since Sep 2008
17802 posts
Posted on 5/9/15 at 8:08 am to
quote:

Well, I am a bit biased against Apple.

Back around 2000, I bought 2,000 shares of Apple at $20/share. At the time it had more cash on hand than its entire market cap. Was biggest no-brainer ever. After holding for about a year it was down to $18/share.

I got pissed and sold all of it. Never bought back in either.

(you can all laugh at TiM now)





Damn son you could of been a millionaire by now. Our stock club bought some when it was $10-15 cant remember now but we still have it
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 5/9/15 at 8:23 am to
I've not been a fan of AAPL for a long time. I've suggested buying it on a few sips as a trade, but I think it's an astonishingly bad idea to invest in a tech company that is the most valuable company in the world. Please look at Cisco for a good case study.

I'm not upset about not buying and holding AAPL because my portfolio returns have been better than AAPL every year but one for the last 7 years.
Posted by Sho Nuff
Oahu
Member since Feb 2009
11917 posts
Posted on 5/10/15 at 2:45 am to
quote:

It's at $124.67 right now. It was $126.55 when I made my call. 6 month time frame. Slightly in the black as of today.



You waited over a week after I bumped your thread to come say this? It was the highest it's ever been and you were nowhere to be found. It dipped back a little again. But you're right, time to jump ship!

I'll see you in 6 months, where do you think AAPL will be?

Eta: don't forget they increased their dividend 11% and are adding $50b to their buyback plan.
This post was edited on 5/10/15 at 2:53 am
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 5/10/15 at 7:55 am to
quote:

Please look at Cisco for a good case study.

I'm not upset about not buying and holding AAPL because my portfolio returns have been better than AAPL every year but one for the last 7 years.


* Cisco traded at a P/E of over 170 at the dotcom peak, Apple is below 20. The 2 stocks have nothing in common.
* I'm going to have to call BS on your portfolio beating AAPL over the last 7 years. Apple has gone from 15 to 127 over that time, something like 40%/year.
Posted by STLhog
Nashville, TN
Member since Jan 2015
17718 posts
Posted on 5/10/15 at 1:10 pm to
quote:

* Cisco traded at a P/E of over 170 at the dotcom peak, Apple is below 20. The 2 stocks have nothing in common.


Not to mention one is a tangible, inconic brand that EVERYONE knows and has in their pocket everyday or has at one point in time.

Horrible comparison.
Posted by C
Houston
Member since Dec 2007
27824 posts
Posted on 5/10/15 at 2:24 pm to
quote:

* I'm going to have to call BS on your portfolio beating AAPL over the last 7 years. Apple has gone from 15 to 127 over that time, something like 40%/year.



Yeah I think he's FOS if he's saying his portfolio is up over 400% the past 7 years.
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