No politics. No religion. No cults.
The subject at hand is Apple Inc., and from now on your moderator will crack down hard on deviations.
My mistake. I steered the boat in the wrong direction. It won't happen again.
The subject at hand is Apple Inc., and from now on your moderator will crack down hard on deviations.
My mistake. I steered the boat in the wrong direction. It won't happen again.
You must be logged in to post a comment.
I value all posters – you’re a talented bunch – and don’t want to see anyone holding back or leaving. (Yes, I appreciate the data rich comments from Greg T, and the back ‘n forth with all others that have better understanding of AAPL than I do!)
It takes guts to admit you made a mistake. Well done, PED!
My response was absolutely yes, as there isn’t a smarter group of AAPL investors (that I’m aware of) on the ‘net.
I apologize for the abruptness of my leaving. I wasn’t upset with any one investor “here”. I was afraid Apple 3.0 discussions were headed theway that the outside world’s discussions were going. I should be more tolerant, but with politics and religion (2 taboos) I’m not.
The OCT 26 $230/$235 Call Spreads I had purchased we’re Closed a couple weeks ago for a $25K loss. That purchase was made before I noted that the Historic Trend was 3 days out of sync with AAPLs prints.
After making a 3 day adjustment AAPL was tracking the Trend almost perfectly, albeit with a much larger Standard Deviation than last quarter.
With renewed confidence in AAPLs Trend I purchased 245 OCT 5 $220/$222.50 Call Spreads. I made enough profit on those to more than offset my losses from the 2 prior trades.
The Trend is indicating that AAPL will continue its current slide to about $217, ending next Monday. I must say I almost pulled the trigger this morning when AAPL bottomed at $220, but my overall success for the past 20 months has been derived from following the trend. So right or wrong that is what I’m going to do now.
It’s nice to be back.
Ps., I’m still looking for a way that I can post my charts here. Ideas anyone?
One poblem is, when I post a link here, it almost always goes into the “awaiting moderation” limbo. Then I have to contact PED and ask him to approve the post.
But if it’s important or useful, it’s worth it, until PED gets tired of the hassle.
I also think that what we all want is a sensible discussion of the merits of Apple and AAPL.
Let’s keep it positive and civil.
(I’ll admit to sometimes not confronting what I believe to be overly Pollyannaish views.)