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re: Time to sell or short Apple IMO

Posted on 7/9/15 at 2:23 pm to
Posted by jturn17
Member since Jan 2011
4978 posts
Posted on 7/9/15 at 2:23 pm to
quote:

126.55 to 121.54 at the midway point for the 6 month period. 4% return in 3 months.

So far so good as I expected (even though no one else did).


It was at 132 in between that time. Was that just like you expected too?
Posted by elprez00
Hammond, LA
Member since Sep 2011
29354 posts
Posted on 7/10/15 at 8:39 am to
This Cnet review sums up my feelings on why I wont be buying one anytime soon.
quote:

The Apple Watch is the most ambitious, well-constructed smartwatch ever seen, but first-gen shortfalls make it feel more like a fashionable toy than a necessary tool.


Its a $500 phone accessory. The market is there for the taking, I just dont think anyone really knows what that market is yet.
Posted by jturn17
Member since Jan 2011
4978 posts
Posted on 7/15/15 at 12:24 pm to
quote:

Will check back in in a month or two.

How you doing after a week?
Posted by Dirtman16
Madison, AL
Member since Nov 2012
410 posts
Posted on 7/15/15 at 1:45 pm to
quote:

Back around 2000, I bought 2,000 shares of Apple at $20/share.


Don't want to rub salt in the wound, but this would be around $1,300,000 now. Yowza!

(I'm sure you've done the math already)
Posted by STLhog
Nashville, TN
Member since Jan 2015
17712 posts
Posted on 7/15/15 at 2:31 pm to
This topic is retarded. (not you dirtman, to the OP)

Short sell Apple? I bet you work for Edward fricking Jones. GTFO.

It has the potential to even double from here. No one has any fricking clue what they're going to bring next. It's a freaking juggernaut and will stay that way for some time, especially if the economy stays steady.

As they develop newer better watches, everyone will buy one. Especially when it doesn't require the phone in your pocket, which it won't soon.
This post was edited on 7/15/15 at 2:32 pm
Posted by STLhog
Nashville, TN
Member since Jan 2015
17712 posts
Posted on 7/15/15 at 2:33 pm to
If you're looking for some kind of legit short term play, buy calls on fitbit and then short it when everyone realizes how shitty they are.

Which is already starting. They're $100 bucks and don't do shite.

Apple will have a watch for 200-300 that does 50x as much and fitbit will be like a gigapet.

I made a handsome sum buying after the IPO and selling yesterday. It's been crushing it on the way up, but their sales are going to go to shite, mark my words.
This post was edited on 7/15/15 at 2:34 pm
Posted by jturn17
Member since Jan 2011
4978 posts
Posted on 7/15/15 at 7:05 pm to
quote:

especially if the economy stays steady.
I think this is the biggest point for me. There's no reason to specifically short Apple. And his bragging about it being down 4% was even more stupid. If Apple drops, it's because everything dropped. Not because there's any fundamental reason for Apple alone to drop.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/15/15 at 7:57 pm to
Lol at thinking everyone is going to buy one of those shitty watched.

Those things will not even be sold in three years
Posted by STLhog
Nashville, TN
Member since Jan 2015
17712 posts
Posted on 7/16/15 at 9:00 am to
quote:

Lol at thinking everyone is going to buy one of those shitty watched.

Those things will not even be sold in three years


Someone has said this about literally every Apple product.

At least back it up with some reasoning. Popularity alone will give it momentum.

If they factor in more of the fitness stuff, why would people not buy it?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/16/15 at 9:05 am to
Popularity? Not sheriff srs. Sales have declined 90% since launch.

It adds nothing unique (like an iPad or iPhone) - it's a niche, overpriced product that you can draw smileys with (just lol)
Posted by STLhog
Nashville, TN
Member since Jan 2015
17712 posts
Posted on 7/16/15 at 9:08 am to
quote:

It adds nothing unique (like an iPad or iPhone) - it's a niche, overpriced product that you can draw smileys with (just lol)



Its the first version. There's a lot of upside if they can increase the capabilities.

If anything it has a "niche" where crappy fitbits and all the imitations are.

And what sales data are you looking at? Apple hasn't released anything yet. Seems like you're full of shite. 90% drop?
LINK
This post was edited on 7/16/15 at 9:13 am
Posted by Sum3rian
Metry
Member since Mar 2012
395 posts
Posted on 7/16/15 at 8:55 pm to
AAPL is gaining momentum ahead of Tuesdays Q3 earnings release. I expect a new 52wk high sometime next week.
Posted by STLhog
Nashville, TN
Member since Jan 2015
17712 posts
Posted on 7/17/15 at 1:12 pm to
quote:

AAPL is gaining momentum ahead of Tuesdays Q3 earnings release. I expect a new 52wk high sometime next week.


I'm with that one hedge fund manager that has like half a billion shares.

It easily has the potential to double. "shorting" a company that is the number 1 brand in the world, with that much cash is basically the dumbest thing ive ever heard.
Posted by goodbuds
Augusta, Georgia
Member since May 2015
306 posts
Posted on 7/18/15 at 9:14 am to
I bought Apple at 126.5 4 months ago. I've been disappointed with it so far.

All the analysts were saying buy Apple it'll be the next Netflix. I remember when Netflix was $71 and I almost bought some shares. Then it went up to $700. Last week they had a 6 for 1 stock split.

I dream about Apple going to 700, like Neflix did, but I doubt it'll happen.
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 7/18/15 at 9:33 am to
I am not sure of what people think here. Apple is a good company, regardless of the watch.

Will it be as big as the iPhone/iPad? I don't think so.


They are ran too well and have way too much cash to be a flop of a stock.
Posted by eye65
Member since Aug 2009
987 posts
Posted on 7/18/15 at 10:56 am to
quote:


I dream about Apple going to 700, like Neflix did, but I doubt it'll happen.


Germans
Posted by Lawyers_Guns_Money
Member since Apr 2015
391 posts
Posted on 7/18/15 at 11:49 am to
lol at this guy saying Apple could be the "next Netflix". You do realize the stock is near an all time high in company history, right?
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 7/20/15 at 7:47 am to
quote:

126.55 to 121.54 at the midway point for the 6 month period. 4% return in 3 months.


not anymore, trading above 130 this morning.

"The company is projected to post quarterly profits of $1.80 a share, a 41% increase from the same time last year"

You really want to short this? 40% profit growth and a 16 P/E.

ETA: after hours down to 120, so OP is back up on his puts, but I may buy back what I sold at 130.....
This post was edited on 7/21/15 at 3:35 pm
Posted by STLhog
Nashville, TN
Member since Jan 2015
17712 posts
Posted on 7/20/15 at 8:14 am to
quote:

I dream about Apple going to 700, like Neflix did, but I doubt it'll happen.


Uh you realize it was at those levels a year or so ago and split right?

Ridiculous thread. Where is the OP?
Posted by Louie T
htx
Member since Dec 2006
36300 posts
Posted on 7/21/15 at 3:43 pm to
Bump... market not taking kindly to revenue forecasts.
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