Apple again

[bjl584]

Wow, we are now up $9,500 on AAPL.

I've been looking at the stock market in disbelief lately.

Are you still up by $9500? You may want to lock in some gains and sell half your position then buy again on the dips. Today may be a good buying day, off 3%.

[KTP]

Are you still up by $9500? You may want to lock in some gains and sell half your position then buy again on the dips. Today may be a good buying day, off 3%.

Or they could miss estimates and go down another 10%. They do seem to be doing well, but Android is still growing.

If only I could get someone to sell a body part for a Lumia phone in China, then my Nokia stock might recover....I wonder if hair would count?

[Slug]

Yeah, I think you're NOK trading range play may be dead at this point. NOK itself might follow shortly.

I had a trailing stop on my AAPL shares at 10% and got sold out on the big dip last week. I'm sitting on the sidelines for now. Even though the stock rebounded, I'm really pleased with the trailing stop order option. It takes so much of my emotional decision-making out.

[bjl584]

AAPL down again. Off 84 points since its high on 4/10. I might jump in if it goes any lower.

[KTP]

AAPL down again. Off 84 points since its high on 4/10. I might jump in if it goes any lower.

Knife, falling, catch

Glad I didn't do this with Nokia and buy more when it dropped to $4.30 a few weeks ago from $5

Maybe Apple will have a blowout quarter, but then again maybe not.

[bjl584]

Knife, falling, catch

Glad I didn't do this with Nokia and buy more when it dropped to $4.30 a few weeks ago from $5

Maybe Apple will have a blowout quarter, but then again maybe not.

I'm not sure. There is already talk that the lackluster Iphone sales are pointing to a disappointing quarter, but we will see.

[bjl584]

So much for that. Apple's quarterly profit doubled. It's stock will probably get a jump today.

[Nika]

Ooops, I did it again.

We did it again. Bought another AAPL option. 580 call expiring Jul 21.
$2040

[kv968]

We did it again. Bought another AAPL option. 580 call expiring Jul 21.
$2040

Did you close your position out or are you planning on riding it out?

Earnings should come out before July 21st right?

[YLTL_Dan]

I bought some more Apple today... it might drop some more, but it will rebound just fine at some point.

[Nika]

Did you close your position out or are you planning on riding it out?

Ahh, we are not the kind.... We doubled down.

[kv968]

Ahh, we are not the kind.... We doubled down.

So you bought another $580 C? I hope you bought something a little closer to being-in-money. Good luck.

[Nika]

So you bought another $580 C? I hope you bought something a little closer to being-in-money. Good luck.

We did not buy another option (though if it dips a bit further, I might). We bought 6k more worth of stock.

[kv968]

We did not buy another option (though if it dips a bit further, I might). We bought 6k more worth of stock.

Ok, at least with that you don't have an expiration date.

I don't know how familiar you are with options or what level you're allowed to trade them, but you might want to look into selling an out-of-the-money June put and try to get back some of the money you lost so far on the call. For example, you could sell a 480 June P for about $450 and as long as it's above that (a -9.4% drop) you'll keep the premium and still have the call for another month if it rises.

I don't know if you'd be comfortable doing something like that but it's an option (no pun intended ).

[kv968]

Nika, just curious, did you do anything with that option yet?