Stocks and Trading Thread - Channeling your inner Mono

[Phillip V]

11.8 is very cheap for a tech company. Although it could be argued that Apple is now a retail company.

Are they even retail? I assume a huge chunk of their earnings are the iPhone, which is  likely to face stiff future competition. They are a company with a great product that is going to be obsolete soon, and will be reliant on a great R&D department to sustain their current earnings.

iPhone will be king (even increased share) for at least another year. iPhone 5 will be a huge product refresh with bigger screen and 4G LTE connectivity (even though a record amount of fools bought iPhone 4s).

[Phillip V]

I am getting tired of these late-day rallies.

[MadImmortalMan]

I am getting tired of these late-day rallies.

It's crazy. Wiped out the whole trading day in a heartbeat. I sold puts I was holding from the morning on the mini-ramp about noon. Thank god. Too bad I didn't try to play the main ramp though. Sometimes you can make great cash getting weekly calls around 12:30, catching the ramp and dumping them before the close at 1. Pacific time, obviously. That's 3:30-4 eastern. It's been less predictable since about December, but came in hard today.

[PJL]

I've got some shares in Aviva which aren't doing too badly at the moment, plus the dividend yield is great too (about 7%). Having said that I've put some money in the Footsie Super Short ETF thinking that the market was a bit top heavy and about to turn, which it hasn't yet.

[MadImmortalMan]

A share of AAPL stock now costs as much as the original iPod. If you spent that money on Apple stock instead, it would be worth $27,556 today.

[Phillip V]

Zynga Posts Loss in First Earnings Report: http://online.wsj.com/article/SB10001424052970204795304577223523778815992.html


Hopefully, it gets oversold so I can buy back in a cheap position.

[Phillip V]

My Apple stock is up almost 40% in less than 3 months.

[MadImmortalMan]

Zynga Posts Loss in First Earnings Report: http://online.wsj.com/article/SB10001424052970204795304577223523778815992.html


Hopefully, it gets oversold so I can buy back in a cheap position.

This is a tough time to be shorting anything. Especially stuff related to the upcoming Facebook IPO. I think the bad Zynga quarter will be good for keeping Facebook from overheating out of the gate. They are something like 15% of Facebook's earnings. So yeah. Good dip.

[Tamas]

when is that IPO anyway?

[MadImmortalMan]

when is that IPO anyway?

Not scheduled yet. They are on the "roadshow". If I had to guess it will happen before the end of May.

[MadImmortalMan]

AAPL started the day about 510, went to 525, and then tanked to just under 500. That's a total move in market cap over the course of today of almost 40billion. Or a little over two times the entire worth of Yahoo. This thing is the tail that wags the Nasdaq.

[Ed Anger]

I got my profits at least. 

[Alcibiades]

Still kicking myself daily for selling 100 shares at 110$ back in 08.

[Admiral Yi]

For those of you who have access to The Economist, there's an interesting graph in there that shows various companies' share of US internet ad revenue.  I was *very* surprised to learn that Yahoo!, while steadily declining, has only now fallen to the same level as Google.  Both are at around 12% now.

[Tamas]

I read Cramer lashed out on people who got scared of yesterday's Apple move. Does this mean the stock will never see $500 again?