Apple Inc. (AAPL)

[bimetalaupt]

Apr 24, 2012 16:01:24 GMT -5 rovo said:

Yup, but they may not make any money for me. I'm now holding 40 contracts of the same option and AAPL has to go above $630 by quite a bit in order for me to make anything. At this point I would settle for a break-even on this play but I'll hold out for a while.

40 contracts of AAPL May 19 2012 630.0 Call at an average price of $24.20. Last price at the close was $4.47.

Rovo,
Nokia is going to answer with a Microsoft OS that is be a killer for AAPL...Just the word on the street...with that and $1.50 you buy a cup of coffee in NYC!!

[TD2K]

Rovo has to be happier over the last couple of days.

[rovo]

I think the pull-back on AAPL is done. We should see some instability in the share price for a few days as those who bought at around $560 take profits from the run-up to $610. Once these "traders" exit the stock it should settle down a bit.

The recent earnings release was good, very good and the trailing twelve months earnings are now shown as $41.02 and the PE is around 14.5. For sure a modest PE for a stock growing like Apple. More telling is the PEG (PE divided by growth) and the PEG is currently about 0.79. A PEG of 0.79 puts the stock into the "Value" range again.

Fairly valued, as implied by a PEG of 1.00, takes the share price to $750. As long as the PEG is well below 1.00, there is very little medium term risk associated with holding AAPL shares. Small pull-backs, like today, are definitely buying opportunities. We may see a price as low as $600 today but I don't think it will breach this point.

[rovo]

The $580 May Call is now at $32.60 so you did a great play. My estimate is you should be able to sell for at least $40 before expiration, basically a triple play. The other option is to take the shares into your account for $58,000 at expiration.

[rovo]

I can remember when my entire account was about $1,000. Very few people start with big accounts unless they inherited a bunch of money. The idea is to make your money work as hard, or harder, than you do and to not take money out of the account. It will grow over the years if you nurture it.

Just remember that option plays like you just did are high risk and to keep the amount of high risk money to a small percentage of the overall account.

My current option play in AAPL is worth 35% of what I put into the options and I'll be lucky if I can get out what I put into the play.

My son also made a play on the $575 Call for April and is also nicely in the green. His play was also 1 contract.

[Aman A.K.A. Ahamburger]

Apr 26, 2012 11:43:36 GMT -5 Ratchets said:

AAPL really saved my bacon yesterday. Had bought a $580 call tthe day before for $13.20 (or so), watched it go down to about $7.75 by that afternoon, and then bounce back the next day very well.

The only other holding I have in my Roth is CAT, which also had a good quarterly report (in my opinion) and got crushed yesterday. Still not sure the reason for that...

I was wondering that as well. They have a huge back order. Probably a good opportunity to buy, if you're in the market to buy right now anyway. It seems to be over stories about slower growth in China, which are most likely overblown right now.

[usaone]

Apr 26, 2012 22:26:12 GMT -5 rovo said:

I can remember when my entire account was about $1,000. Very few people start with big accounts unless they inherited a bunch of money. The idea is to make your money work as hard, or harder, than you do and to not take money out of the account. It will grow over the years if you nurture it.

Just remember that option plays like you just did are high risk and to keep the amount of high risk money to a small percentage of the overall account.

My current option play in AAPL is worth 35% of what I put into the options and I'll be lucky if I can get out what I put into the play.

My son also made a play on the $575 Call for April and is also nicely in the green. His play was also 1 contract.

[Aman A.K.A. Ahamburger]

There may be some truth to the slower growth in China theory, Aham. I can't say with certainty, but from talking to family members what they have said in the past is that CAT got off to a slow start in China due to pricing.

IDK, I have a good friend that has family that just got back from China and apparently it's full tilt a head. I was also just reading that even though there is a huge problem with Ghost Malls in China, they have more floor space under construction right now than exists in any European city except Paris or Moscow.

I don't know about the start, but I think CAT does fairly well in China now, and I think that Africa is another place linked in with that.

[usaone]

Pull back continues...

Hopefully $560 holds.

[rovo]

Apple was in a steady decline for the last three days after the gap-up on the earnings release. I think it is important to point out the volume of shares traded for these three days was well below the average volume (50 day SMA).

Average volume is about 25.5 million shares per day.
26 April was about 19.9 million.
27 April was about 16 million.
30 April was about 19 million.

The 10 day average volume is 28.6 million.

Today's volume is currently 7.3 million and is above average.
Apple shares are currently up +1.97%.

[Aman A.K.A. Ahamburger]

Apr 30, 2012 21:38:33 GMT -5 @wxyz said:

The current form of government in China will be a HUGE drag on them for decades to come. Not as bad as Russia, but similar.

I agree, the other side to it is that they could have been trying to figure out a way to avoid being fully democratic since the fall of the Soviets in the 90's. Now that there is no going back, they will spend those trillions trying to stay the party elect, in doing so create a bubble four times as large as it is now there. Just in time for some of us to buy up entire cities in China

Sorry for taking the tread off topic a bit Rovo. However, the Chinese economy does have implications to APPL's bottom line, so relative in a way still I guess. ;D

[usaone]

May 1, 2012 0:30:11 GMT -5 usaone said:

Pull back continues...

Hopefully $560 holds.

Getting close......

[rovo]

I think the magic number is $555 from the 24th of April.

[rovo]

The following article goes to the heart of a discussion Virgil and I had a while back about cell phone security via "apps" as it pertains to the Apple iPhone and the Android phones.

Hacked sites spread malware to Android smartphones

Android phone users should be on guard for new malware that can spread to the phone from mobile websites. Meanwhile, a fresh batch of malicious apps has surfaced in the Google Play store.
"This appears to be the first time that compromised websites have been used to distribute malware targeting Android devices," said Lookout Security on its website.
The NotCompatible Android trojan first appears as a system update to the mobile user who may have visited a compromised website, the security firm says.
"Like any drive-by downloads, a user needs to install the downloaded application before a device will be infected. Based on our initial investigation, we’ve confirmed that a number of websites have been compromised."
There's good news, the firm says: "Affected sites appear to show relatively low traffic and we expect total impact to Android users to be low."

Meanwhile, a new wave of Android apps with malware have hit Google's Android market, now called Google Play.
Trend Micro is among the security companies reporting on the malicious apps. One app, in particular, Spy Phone PRO+, "which explicitly describes itself as a spying app has also been flagged as a threat by Trend Micro due to its potential for misuse."
The app's "capabilities include tracking a phone’s location, phone calls, and messages," Trend Micro said on its blog.
Android app security holes have long been a concern because of the mobile operating system's more open architecture and the app market's less stringent standards for developers than others such as Apple's iOS or Research In Motion's BlackBerry OS.
Earlier this year, Google said it was using a service called Bouncer that automatically polices its app market and takes down offenders before they strike.
It may not have worked in the latest examples, with 17 "bad mobile apps," and 700,000 downloads of those apps, as of May 3, Trend Micro said.
Contacted Friday, Google said in a statement to msnbc.com that it has "removed the apps from Google Play that violate our policies."

For more information about recent Android malware, you can check these sites: Trend Micro, Lookout Security and Symantec

www.technolog.msnbc.msn.com/technology/technolog/hacked-sites-spread-malware-android-smartphones-753458#/technology/technolog/hacked-sites-spread-malware-android-smartphones-753458

[usaone]

Sell off will continue.......

[TD2K]

Been a while since someone posted on this thread.

[Aman A.K.A. Ahamburger]

A weird coincidence that you picked tonight to it post too. I read a story about MSFT earlier tonight that tied up that thread I am going to post.

[TD2K]

It's on the move again. Rovo, you still playing options on this?

[Deleted]

Bulletin U.S. stocks end flat; Apple rises 2.6%, becoming most valuable company ever