Money can be made on any directional move. Shorts now know the newsy news is out and likely no "major moveable" good news for 6-8 weeks and possibly even a negative event could occur. So knowing that the play near term here is "SHORT" - that's a smart play. Longs know fundamentally no change has happened and all they need to do is make time their friend. Shorts eventually will cover raising the price and if that happens too quickly they will just turn it once again. No need for friction between either side of the play - in fact just learn how to play both sides. Don't forget - at this time this stock carries a risk on either side and will over the next six months or so while its legs are tested. As for me - I'm comfortably long for now. JMHO
Yeah - I thought this was a safe parking place for a respectable amount of cash - but last few weeks have proven me totally wrong. Now - hang around for years to recover or just move elsewhere???
Drop the bad thoughts - you'll live another day to find peace, acceptance and opportunities to correct/recover. Money doesn't rule unless you let it . Count your blessings - hint, their not money related.
Totally wrong - I've been trading options in my IRA for years - check your brokerage house and sign the form allowing your option trading in your IRA.
I hope you have not gambled too big a portion of your retirement - To quote an old friend of mine "your first loss is usually your least loss". It is more likely that Apple is headed north throughout this year and $550 ish may be the next resting stop. If I were you I'd seriously consider covering your losses or at least half of them on the open tomorrow. But you know your risk tolerance and pocket depth. Good Luck and wishing you minimal losses.
Earnings are expected by "ALL" to blow out, so what will drive price will be CC surprises and guidance.
Nothing to be sorry for my friend. I seldom use this board like most boards they have been taken over by slammers who rather than giving their reasoning for playing short or long they'd rather slam their opposition which just shuts down real informative exchange. As for my LONG reasoning - I can't justify why I've stayed on this roller coaster for so "very" long, other than I forgot how to get off the train - so my lesson to others is know your destination and jump off as it passes.
I thought the "UPDATE" that bama_fan referred to mentioned last half this year that I took as drill results. Oil prices are stretched and will have a very challenging year - time is not our friend. Been long for too long - this is my last year at this table.
The way I read the news - it'll be last half 2014 before drilling results are known. Likely reason for drop was news leaked earlier today but end result is the same - SP down. Shorts just got a open window to play for next six months. Hope I'm wrong but likely not.
Just for the heck of it why don't we assume Apple is working toward an acceptable agreement and to this point it's not acceptable. Anyone can cut a bad deal, only good deal is a good deal or none at all. JMT