I have been trading this stock for years backa nd forth from long and short. With so much turmoil and with such a positive (anything that meets or beats for this industry is positive these days) I have to go with the Long play. Plus, I believe AUY bases their prices projected prices much lower than the comp when it comes to gold. I used to play GOLD and ABX a lot but I think this is your key. I mean yall dont think this is oversold here? We were trading way above this except for a small period for years!
I have just a few put contracts for Aug 16 at $26.00, what do yall think will happen at open? I am newer to options and really havent figured this out because you would think I am going to make a nice profit but I have seen where they go down in this situation or barely move!
What picks do you like now? I said on the AMZN board...I think to Buy SLV 3 days ago or o when it was around 1840s for a quick play to 19 easy but I was wrong, it was 1930. I then shorted at 1939 and got out of the short. Looking for some others to get into and purchased about 700 of this at 3.95 just to see if we get a good 30-40 cent run before. I know NOTHING about the stock and its the worst way to invest but what the hell. I got my #$%$ handed to me in the last year because the MM's are manipulating so that the retail investor dies.
Get ready to buy again....I am hoping it goes to about 47 and if it doesn't break it then buy if so buy in the 46's.
There always huge drops or jumps and if you time it right, you can easily make a buck or so! Bought 500 shares at 46.70ish and got out and got back in around 47.70 or for 300 adding 250 more to my long term play.
Actually if you compared the fundamentals and went by the "book" AAPL would be by far the best Investment in that Industry. The problem is that the market is so manipulated by the MM's that there is no logic to the trades. I am no expert and started trading about 10 years ago when I was 20 or so and the first 4 to 5 years, it was actually a game where an educated investor could make some extra money. Whether you went with fundamentals or if you went with what really drives the market, fear and greed! (i.e.shorted builders during housing bust) I am not into consipiracy theories and I am not saying AAPL is a great investment (it is based on fundamentals but they need to innovate bad or they are done and they're losing their cult following) but I think that the big boys are manipulating this market to get rid of the retail investor so that we ALL come to them for investing our monies. I saw something crazy like 60% of the retail investors exited the market since 08 or something like that. Maybe even higher. I loved AMZN until these earnings and I made some good money AH shorting it but I would stay away tomorrow from any play. I should be sitting pretty on my GOOG March Options if that 1180 holds at the Open. I also think SLV could be a good play short term soon. It may go to 18 but I see it hitting 19 within a week.
Knowing this company well and their product well. The "cult" following is dying. People are sick of the same phone and if they dont rerlease a much bigger screen for the iphone then you can kiss it goodbye. I actually now own a retina mini, 2 iphone 5s but love my note 8.0 galaxy much better for work and s4 galaxy. I never thought I would say that. They are in desperate need of inventing something and the one item that could save them is a video game system. I also think an Apple TV would be awesome as my TWO favorite products are the actual Apple TV and their computers. I bought 2 new iMac's this year and a macbook pro and I run windows. Their only hope to save the iPhone was China and that didnt help. Steve Jobs really was apple and it kills me to say it but I was wrong for so long on that stock and I am sorry for those of you who took a big hit today. I still own 5 shares of it but I own at $505.00 a share. Good Luck to the Longs and truly is a sad day. The future is GOOGLE and AMAZON.
Did they miss by a lot and I don't care if they missed but what about guidance? Is that not good too?
Nobody? This board used to be the most active board a year ago...whats going on?
I grabbed about 20 options for $1.05 each with Nov $49 Call, do yall think if this opens over 47,00, I should go ahead and unload and how much do you think they would be up at the open?
Do yall think they will release a new MacBook Pro and Iphone? I was holding off to buy a new MacBook so anyone that follows Apple and can give me their opinion on that, I would appreciate it. If they do launch that, I think it would also help the stock....and when will the CHINA MOBILE DEAL HAPPEN!! PS: Does anyone else think Apple should throw out the stupid Iwatch idea and let's get a gaming console!
There is a lot of negatives at this level that's for sure but I can say that with 10 years of day trading experience, the past 8 months have been the first time I have ever given up on investing seriously. I have never seen a market so manipulated in the little experience I have. I have always been profitable and I make my trades based off a certain set of rules. I only trade stocks I know but you can literally look at the best stock in the world funamentally or technically and it will go down. Then a stock that is trading at 4000 PE where the industry ave may be 5 and its a sector where there's not a lot of growth and the stock keeps going up....The MM manipulation is just so bad that I honestly believe its a conspiracy to get rid of the retail investor and force the ave joe to use brokerages. Look at the amount of retail investors that have pulled their monies out over the last 4 years. Its absolutely amazing! So for now I just trade for fun with money that I can afford to lose. I shorted 400 shares at 50.39 and bought back then shorted again and bought back and then shorted again and bought back. I also purchased another 150 shares that I shorted at 49 before the bell closed and bought a put opotion to go along with one that I already had. I personally dont see the growth here for these price levels but then again, if they want a stock to go up or down it will.
Sorry about the several typos. For some reason the site is lagging. I mean to say I am now* purchasing my Xbox One and PS4 consoles from Best Buy. It was much easier to get them from Best Buy and I didnt even have to leave the house vs rushing to Gamestop or EB.
I have been a fan of this stock for about 8 years and traded it many times. I am a huge gamer and follow the industry closely. I understand that new systems are coming out soon which should help spark something in an industry that has been a little weak in comparison to its previous growth. THe problem I see is that so many software companies are now offering their own digital sales and I personally believe the bulk of next gen sales will be through digital means. I stopped studying this stock about a year ago and now its peaked my interest as a short. I dont see how or why this stock is so trading so high right now. In fact, its trading above the bulk of MM's future price target. Does anyone know what GME plan is to transistion from brick n mortar to digital sales and how will they do digital sales with xbox and ps4? Will there be an app on the system? Also, what is their to love about this stock besides the fact that starting August 20th through the end of the year there's a massive amount of epic games and new consoles being launched. I have been a faithful customer of EB games but I am not getting my stuff at Best Buy. I was able to order DAY ONE PICKUP by pre ordering the consoles online vs having to rush to a Gamestop store.
The past 3 months have been pretty lame when it comes to video game sales and I suspect this years earnings will disappoint. So obviously this post indicates that I am a going short on this stock but I just wanted opinions from both long and shorts on where they see the price movement heading between now and the end of August? I dont hold stocks long and I only have 300 shares ave in at $50.00 and one $45 put with Sept Call. I also noticed that the put option prices are not dropping as much as they should for a stock rising like this. That has been a strong indicator for me that this stock should drop hard n fast or a rally is not real or its overbought.
BBRY really popped again today? I saw it was up to like 13.70ish around 11-1PM and now its almost 15? This F'n market is a joke. I mean please explain NFLX. After a decade, my last trade is a short in NFLX. I have 10 Puts at 140 130 for March and 60 shares short. I was going to buy way more but glad I didnt now although I got in around 163 and my puts around 166 on ave so not down a whole lot. There is no logical reason that stock is trading where it is. I really believe that the MM's are manipulating the market so bad so that they will create the death of the retail investor. This means that more people would come to them to invest instead of learning this for themselves. I mean look out how many retail investors pulled out over the last two years. This is by far the most manipulated market I have ever seen since I started almost ten years ago.
Would agree if it didnt need cash and if it had more than one product. The problem is, NFLX technology has been out there for a while and you will see increased competition from comps like AMZN maybe GOOG or AAPL. Look at what happened to AAPL when they had the iphone. Nobody thought that stock would trade at a 8X PE. They have 130BILLION IN CASH TOOO!
God that would be awful if that got worked out and it didntmove. The terms are def in China hands now after what they posted at earnings. AAPL kicked themselves in those negotiations.