So traders trade in and out for 10% - not exactly pathetic weak hands. While longs sit - swing traders profit. The strong hands are the longs though current swings have rewarded the traders. I don't see weak hands on either side - just difference in investing practices. GLTA
I don'ts anything in your thread that appears false. You just choose to bow out at likely a good profit. Always amazes me how so many can't accept that some on this board hold a very respectable position. Obviously chatting on this board will not affect the share price but does offer a small idea of how some holders are viewing current conditions or technicals as related to this security. I currently hold what I consider to be a very respectable position of call options (jan 2016) but did close my share holding right after the numbers were out. I just felt comfortable with the profit I had on the shares so bowed out. If the shares go to $140 yet this week then fine and if it drops to $128 that is fine as well. No need to to assume everyone is either a pumper or dumper, some are here just to stay a tune with a small slice of shareholders. Good trading to all of you whether you're on the long side or the short side.
Because the bet/premium is in play for a pop after the numbers Monday, you might consider selling a call say $10 in the money for a July expiration. Apple will likely test the mid 120's briefly over the next three months before holding the low $130's going into July. Just my
opinion - but you know what they say about opinions.
Nothing is a given/sure thing. One mega earthquake in the bay area and all bets off for a long time. Point is - don't think any stock is a sure bet, invest wisely and keep a 3 year nest egg. JMHO
The I-phones are so much more than a phone and the watch will and is so much more than a time piece. The watch would have been better named an "arm band" as it will be a wearable device that offers considerable daily info and services well beyond keeping time. My bet is that the watch/band will evolve over time as a must have replacing the hand carry. I know this is all off topic of EGY - but you asked why anyone would want a smart watch and I just wanted to reply.
Yes - I've been with EGY a long time and just renewed a healthy position.
Geez - research how this chat originated and walk through the different replies about profits/tax gains .
Well assuming we were talking about Apple - they are rolling out their "Watch" this month which will evolve (over time) to a personal computer that you wear rather than carry.
Not going to message board for advice - was just sharing the hard sit when you hope to hold out for long term gains. I could capture some of the profits now by shorting calls close to my strike and expiration while allowing the long side to gain LT status before closing and covering. But for now I'm holding naked calls through earnings, likely increased Div and Buy Back along with Watch roll out that should move the needle to new high. After that I'll determine whether I want to short capture some profits or not. Anyway - hopeful EGY will reward nicely within a couple years.
I'm sitting on very high 6 figure profits in Apple Jan 16 calls waiting for late July LT qualification. It's a hard sit with what all is aligning world wide that could erase a handsome reward. We'll see. Congrats for your haul - timing is everything and that's the risk of holding 12 months.
Curious - having not followed when you took your short position, did you qualify long term capital gains?? Either way you're a winner.
Looked like someone tried to paint the last trade of the market at 2.26 and missed by a few seconds showing on the extended hours instead the open market. Interesting watch.
Look for Directors to increase their purchases at these levels. They understand "risk" which triggered their most recent insider buys - but as well "rewards" which should materialize from this price level.
We've had three days of down - I'm thinking with tomorrow being first day of 2nd qrt that fund managers will reload here with 12 weeks of room for reward or to off load if not. My bet - price stabilizes now and starts to firm before weeks end.
Thanks for the POSITIVE facts bud. The trash dumpers yield good price value for stronger hands. Greater rewards now in place looking a year or two out. All stocks with a PE greater than 1 are a risk. I've been in and out here over 15 years - definitely a traders stock but from this level a smart long hold.
I hope they hold off till April to announce Dividend hike or increased buy back program along with record qrt earnings. Let todays news soak in and find it's share value before putting more news out. JMHO
Count me in -my 20k now for sale through 1-2-15 at $5.50. They won't be harrowing mine for awhile.
Apple Jan $85 calls. Worth your consideration, Time will tell which pays off best - you see my bet.