LOL BlackRock filed 13G Friday announcing they had 50 million shares. Richest company on the planet with a 10 PE and your thinking strong sell. What company do you like?
...and what exactly makes you think they are shorting? lol...price up 10 points pre market. I hope they keep shorting. DA
Sentiment: Strong Buy
Tomorrow would be a good day to announce a dividend increase. Everything starts as a rumor and that was the rumor earlier this week when the stock ran up. If he would have announced it earlier the dividend would have been gamed away from the average investor. Buy the stock at ex-dividend and sell calls. Stock will pull back by dividend amount tomorrow and you buy the calls back and sell the stock, dividend captured. If the stock should gap down huge tomorrow they will still sell the stock and the calls and sell a put to put them back in the stock lower. Most of the major money in this thing either were hedged with puts, or sold calls all the way down. If you are heavy enough into investing to buy 500 or more shares of AAPL your hedged.
If you cant buy the most profitable company on the planet at a 9 PE and make money. You don't need to be investing.
Sentiment: Strong Buy
If you own your phone there is absolutely nothing illegal about unlocking it. This has already been argued in court.
An option is worth at minimum the difference between the strike and stock price. 290s will depend how the market reacts to the miss. I don't understand it being up other than manipulation.
I usually don't even waste my time, but I'm bored. I will try to explain and help some of you out. Most traders that have a clue what they are doing are hedged. With 1000 shares short and 10 calls as a hedge. If the stock gets to 16 or higher by Friday they will be out a total of about $80. The longs that know what they are doing are hedged as well. If your pick either side of this thing and try to hang on your going to get burned. Read "McMillan on Options" it will get you started. Were not trading on emotion, were trading what we see on technical and hedging. Were not in this game trying to hit home runs, were trying to turn a profit on more trades than we lose money on. The pros can see every limit order you have on the system including stop loss orders, and they know when and where you get nervous. Am I short this trade? Yes I am short 10,000 shares since 14, if you can get it to 16 by Friday I will be out about $1000, anything under $14 and I'm making money.
If you do all the math best buy lost 1.06 Billion in 2012. 338 million share out. If your trading style is working well for you, that is good. Just saying numbers don't look good for BBY.
This isn't a squeeze. Look at the volume. May be a little consolidation. Stock should settle somewhere 13.50 to 14.50. Same store sales declining and shrinking cash flow. Longs are betting we get a buyout higher, which is unlikely. People will not normally buy companies for more that 1 year gross sales or at a price outside a 5 year ROI. 12.9 Billion was 2012 gross revenue. Divide that by shares outstanding and you will have your answer.
The lesson is equities and options are rigged, they can pin a price wherever they want it. I have traded for 30 years, I still trade mostly futures and options. Equities are like a carnival game. That is a major reason the retail investor is getting out of the market.
Should of sold a PUT. I think the bottom is somewhere between 630 to 635. I hope your right. I am not willing to try and catch a falling knife.
LOL...Get your kneepads. There is strong support at 655. Im neither Bull non Bear right now. Just sayin.
I agree, all of the technology they put into their product provides a significant challenge to competitors. It will be at $400 in no time. Taco Bell has engineers working around the clock to try and find Chipolte's secret.
Problem in this market is the overnight news. Any of the high flyers could hand you an 8% haircut over night. Nope, I will stick to day trading until there is more stability in the market. A 500 pt plunge is definitely a possibility before the election. Everything good is priced in. The market has gotten a little ahead of itself right now.
Facebook is simply the AOL of 2012 not another Google. Google is able to leverage targeted advertising because of your searches. Facebook tries to take your likes and do the same. Unless Facebook can devise a way to make money from their user base, they will simply become another AOL.
I started shorting the S&P here. I will add to it if we grind higher. Still undecided about AMZN. Looks like with a 300 PE it would be the perfect short. I have been day trading it on both sides and making a little.