But AAPL has broke below it's trendline, and has not been down in these levels since Feb when 127 became the median. Do you really see it making it back to 127 anytime soon? Looks like it want to go lower. - PJ
Bag and hold, I think you are correct. Technicals are important. ( And you read that pretty accurate!) Also look at the options. Open interest spikes on puts and a drop on the OI of calls will help signal reversals too, you just have to monitor daily - PJ
p.s. Keep us posted on your analysis... you read it better than I do.
That is one ballsy call. Considering the futures looked terrible ( down 125 on the Dow) when it was made. 127+ today ... Unity indeed. - PJ
I lost your email, my last laptop got riddled with virus and the hard drive crashed. I have since switched to a Mac and will never return to the PC ecosystem! If you still have mine shoot me an e-mail we can take this topic off board. I'm curious about your take on some current events. - PJ
Good to hear! Are these private companies your involved with or public ones your trading? Are you still in NSPH? That had a great run but seemed to of hit a wall lately. I'm being cautious with the AU/AG. This system, even broken, can stay in place for a while and if you convert to hard assets too fast you can screw yourself. I just know 10 years from now the coin is going to hold its worth a lot more than some money in a ROTH. - PJ
Good to hear from ya! How are you doing? Congrats on the Stanley Cup a few years back. Heart breaking way to lose a Cup but the Hawks were the better team that series. I got my payback last month vs the other Hawks.... another nail biter of a game!
You have anymore good books on option trading? I took some time off after getting burned by AMZN a while back. Re read the books you recommended last time and paper traded for 6 months until I stopped losing. Really started to look for patterns and how certain stocks traded. Got very comfortable with AAPL and have done well ( with calls and puts ) But always looking to learn more. - PJ
I'm pretty sure Tech was promoting Gold lower than 1800...I want to say 1400ish. The fact that gold has been manipulated lower is conspiracy fact. Should be much higher today. (Just look at all the naked shorting!) Compare the price of gold to the amount of currency dumped into the system and I think you will see it should be much higher. The Fed will never raise rates. As it is, the dollar is on a tear as other countries continue to print. Just a matter of time before the Fed starts EQ4. Then watch gold explode. It's not about being right today, it's about being right when you cash out.
As far as Tech goes, I've exchanged ideas with him for close to 4 years. He sticks to his convictions, I've always known him to he honest and articulate. He has made some great calls and far from crazy. Pretty sharp if you ask me. Both of you guys could of made money on the NFLX trade. It's all about the getting in and out at the right time. Most of this movement is for the big money to clean house on options. If you can read the options tea leaves you know what side of the trade to be on. - PJ
How are you doing buddy? All the news today sucked, Baltic Dry getting crushed but markets run up almost 300. Why? The whole thing is rigged man. I gave up a while ago and started playing AAPL long using your strategy ( but used calls ) Much more profitable. Taking the proceeds and buying physical AG/AU. Even though I think it tests the 950 mark first, so waiting to make a big purchase. CMG/NFLX/AMZN had some nice pull backs, I hope you capitalized and got out of the way. - PJ
p.s. - WHATSUP! Sibs!
I agree, but MARCH 20 is still a ways off. That leaves 6 trading days for (a) AAPL to get to a lower level before joining the DOW ( max positive effect on the DOW once it takes off ) and for those March 19 115 calls to expire worthless. Maybe I'm being greedy but I will hold off for 115-116 before getting back in. Thank you for the heads up @ 133ish. - PJ
Also noticed huge open interest on the March 115 calls and puts. Selling calls to buy cheap puts?? How are you interpreting that situation? - PJ
Numerous outlets are reporting that AAPL earnings are after the closing bell on Tuesday? I will check Apple's website but I think we have more more day to but that trade on. - PJ
Over the years I've noticed that trend with Yahoo. Posts with intelligent content get deleted and only the pump/bash machine garbage gets posted. Or you get "g" a million times to push down the quality posts. Annoying but a little work never hurt anyone. Do you mind sharing the other sites that you posted on? That would be much easier than mining for them on this one. Thanks! - PJ
Not trying to be negative, but was just wondering if I should be concerned with the huge open interest in 115/110/105/100 Jan '15 calls? Should I assume that the people that have been writing calls the past year might want those to expire worthless next week? Keeping some dry powder just in case. I also assume that another attempt to shake out weak hands this week ahead of earnings. - PJ
The last 2 Jan haven't been really that good...then the shares have gotten hammered during earnings release? Being long in Jan the last 2 years would of been bad for your portfolio? Are you sure to stay long?- PJ
"Sit on their hands" not so easy to do. Been long for over a year and closed out the position last week to lock in some gains but know I'm chomping at the bit to get back long. Feel naked without my AAPL in the portfolio. - PJ
New to the board, but a holder of AAPL shares and calls for a year now. I missed your earlier call. Did you mean Monday of next week or this passed monday? If it was this passed monday..... your talking a big beatdown today!? - PJ
Sentiment: Strong Buy
I think you are correct. We'll get another short squeeze closer to earnings. But I think closer to 720 then 725. I've learned somethings being short CMG and AMZN, smartened up and have stayed on the sidelines thru this massive run. I still remember the 17 straight up weeks a few years ago. Nothing is impossible in the land of Oz.
I've been using that knowledge you bestowed on me to play AAPL, working like a charm. Thanks again. - PJ