Dangerous thing to do (selling IOC puts). There is no possible way to figure this stock, except to keep in mind that it always disappoints the longs.
Wow! Then you must figure that management was lying full out in its June 5 presentation. That was about the most bullish commentary that I have ever heard. And look at all that insider buying. Are those insiders simply nuts?
LIke you,I have been an IOC investor since the fall of 2009, when some were predicting a $100 pps price on nothing more than the results of the first Elk/Antelope well. I have held a core position over the almost six years since then with all of the ups and downs. Now that we have much more gas in the ground than anyone was talking about in 2009 when the pps was considerably higher, and with none of the political risk (apparently!) that we went through, what do YOU think is a reasonable sale value for IOC, assuming management is agreeable to one? I ask for your opinion because you seem to be one of the more realistic posters on our MB
CEOs are responsible for growing their companies and increasing their earnings. They are NOT responsible for satisfying every whining day trader who cannot afford to see the stock fluctuate day to day. Cook has turned in a superb job and will continue to reward long term stockholders like me.
What you need to worry about is discouraged longs selling. If it is shorts driving it down, keep in mind that every share they short has to be covered unless they are gambling that AAPL is headed for bankruptcy. Not too much chance of that, really.
After a nice early rise in the stock we went steadily south to close at the low for the day. There was no negative news that was public, at least. Any thoughts on what spooked the stock?
For what it is worth,your sell off moderated in the last few minutes. Each day during the decline buyers have come in toward the close. What does that tell you? Someone still likes Apple's future.
Actually, yes, you need to say more. Exactly what is the "picture" you derive from the oldest cliche on Wall Street: "buy on the rumor, sell on the news"? What does it portend for Apple over the long run?
Would someone please explain what LMFAO stands for? Some people love to use it, but it is meaningless to anyone like me.
Shorts winning the battle going into the close. But their victory, if they do win, will be short lived. The lower aapl goes the better buy it becomes. Why should its PE be well below the market PE when it's earnings are steadily growing?
Tremendous battle raging between shorts and longs around unchanged level. Longs briefly reversed early losses. Shorts launched counterattack to return it to red. Shorts must close aapl in the red to keep downward momentum going. Longs need to close it in green to reverse downtrend. Who will win? And for long term investor, who cares? Long term AAPL will continue to increase earnings and dividends and stock must go higher.
The caveat is: You must believe your own negativism. That means you have already sold your aapl stock and are now short. When we have thousands like you, AAPL will soar again!