Unfortunately, nothing until the Fall innovation is announced... and Fall means Sept 21st to Dec 21st. China Mobile is a distant hope. Even more unfortunate, is the bigger catalyst is for the downside via Apple's expected lackluster earnings on 7/23. I don't see anything good coming for- at best 2+ months - and more likely 4 months for TC's "Christmas" window.
After declining 45.38% from Sep 2012 high (705.07) to Apr 2013 low (385.10) two near-term technical
basing patterns have developed.
The first is a potential Fan formation as evident by two downtrend breakouts from Sep 2012 highs. However, a third downtrend breakout is needed to confirm an intermediate term reversal.
The second pattern is a potential head/shoulders bottom from Jan 2013. Key support is the left/right shoulders = 419-438, head = 385 and neckline resistance = 470. Since the width of pattern is 85 points a breakout 555 and breakout low-300s.
$555 sounds good to me. Technicals will work, though, only if TC delivers on that pipeline.
Nope ... you have it right! I'm telling you, it's weird how under the radar this is with the general public....I've been teaching friends and family, and they all say - if they didn't know me - they would think I was a pyramid schemer. They then follow it up with "aren't options really risky?". Yet it's the exact opposite.
It's awesome to do as long as you are disciplined to always have a call written. If the stock drops and you are naked, then it's hard to write for the lower strike. Discipline is the name of the game.
Or letting them sky through the strike, buy the call back at a st loss on OpEx day and sell the stock for a long term cap gain. That's what I've been doing. I bought a ton of stocks in December, sold the Jan 2014 calls and am sitting on them. All - except Apple and VMW are in the money. And I SWEAR, I have made 12% on the calls (in the bank) and am up another 12% on the equity (on paper right now). If it were Jan 2014 right now, for tax reasons, I would create ST losses and LT gains. Dollar Tree, Starbucks, Michael Kors, NXPI, and MPEL are some of my positions. I am down on Apple (bought at 500 (ugh) sold calls at 50) and VMW, (bought at 94 (double ugh) sold calls for $14). It's a great strategy and not complicated.... I honestly don't understand why more don't do it.
Welcome to the World Of Covered Calls. I don't know why everyone talks about "chasing yield". There are so many opportunities to make great % on selling calls on solid buy-rated stocks. Look at KORS as an opportunity ... GS has an $90 one-year price target and a conviction buy rating. The stock is trading just over $60 and the Jan 2014s 60 strike is bid at $7.80. That's a 12% plus return in 7 months, and the stock doesn't have to move up a penny. I honestly don't understand why everyone is crying about yield.
Do you know if Goldman dropped their price target - within the last couple of months - from $100 to $90? I know they downgraded from CB to Buy and dropped the PT to $100 with that announcement. Thought they lowered the PT subsequently to $90. Anyone know?
I don't get your optimism ... market was up $180 today and Apple was up $3.77. A $10 pop off Asia? Why couldn't we get a bigger pop off of US? I'm very long this stock, but I don't see anything getting us out of this range until some big bottom-line news (China Mobile, iWatch, possibly/not probably banking) is actually announced, NOT just conjectured. In fact, I'm more nervous about falling through the downside range after July's earnings. IMO, Apple has about 5 weeks (until the July earnings call) to get something tangible out there. Software updates aren't cutting it with Wall Street. It's all SHOW ME THE MONEY. The days of Apple getting a pass for the promise of innovation are gone.
Thanks....who are these clowns that hate anyone that shares an educated opinion. Keep posting. Your messages are what this board needs more of, not less.
Can you use iWorks yet? I looked at the templates and they look pretty good to me....I'm a Google Docs user and find it so frustrating, esp after using MicrosoftOffice for years.