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George Acs  

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  • Cook Does Icahn's Dirty Work At Apple [View article]
    An unexpected price run-up is the chance you take.

    If you do this long and consistently enough the singles you hit more than make up for the occasional home-run missed.

    I welcome assignments because it frees up funds to re-invest and often the stock called away returns to the previous price level and you simply start all over again and again.

    While closing those positions prior to earnings was a great call, it is also serendipitous. You are usually better off going along for whatever ride will come, up or down and then reassessing after the news settles.
    Apr 24, 2014. 08:41 AM | Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    What you said.
    Apr 24, 2014. 08:36 AM | Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    Had I been short the stock, that would be in the disclosure.

    No, I'm likely to start trading the stock again much more often than in the past few years on the basis of yesterday's news.

    That was in the article, so it seems as if you've missed some items.
    Apr 24, 2014. 08:36 AM | Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    If you look back to some article i had written going back 2 years, people said precisely as you had.

    However, in hindsight, but more importantly, with foresight, I was correct in timing and in scope of estimations (although I believed the floor was $425).

    If you actually read the article and the take home message, I think that Apple is now an eminently good trading vehicle, with its unrestrained price growth prospects now ended.

    In case you've never heard of percentages, for those who are short, a $40 increase on a $525 stock isn't quite as horrific as you may believe, especially when your future vision is based upon supposition upon supposition
    Apr 24, 2014. 08:34 AM | Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    The funny thing is that people have been saying for years that Apple shares would go even higher because it was trading at such a low multiple, as if the market would suddenly realize its mistake.

    It trades as a retailer and not a technology company, but part of that reason is because cash has a P/E of 1 and they certainly carry a lot of cash that an astute investor is not willing to pay up for.
    Apr 24, 2014. 08:29 AM | Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    When it comes to momentum stocks, logic is frequently an early casualty
    Apr 24, 2014. 08:27 AM | 3 Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    A couple of years ago there were murmurs that the best innovation Apple could muster was to decrease the screen size on its iPads.

    Now the innovation that everyone is clamoring for is an increased screen size on iPhones.

    Icahn was fairly non-committal in his Tweet, saying I "believe" we'll be happy "when" we see new products.

    Not a ringing endorsement, even from a guy who knows nothing about technology.
    Apr 24, 2014. 08:24 AM | 2 Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    Still, that seems pretty obscure, but thanks for saving me the trouble of trying to figure it out, although I had already forgotten about it.
    Apr 24, 2014. 08:21 AM | 1 Like Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    No, this group was far more restrained than the ones who took umbrage when I first starting suggesting that Apple was in decline, almost 2 years ago.

    I like the split and dividend, as well, for my own trading purposes. To me, though, it simply spells a ho-hum company in terms of growth prospects and share appreciation, but I love it as far as a trading vehicle goes and for dividend capture.
    Apr 24, 2014. 08:15 AM | 1 Like Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    Is there really any place here for a dispassionate look at some of the issues?

    Chaim, I once had a friend, who wasn't among The Chosen.

    We wanted him to play on our Young Israel basketball league, but, you know, he wasn't among the chosen. So we told him to tell the coach that his name was "Chaim."

    When the coach met him, he asked him his name.

    The best he could do was "Hiram"
    Apr 24, 2014. 08:11 AM | 2 Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    Precisely the case. They have to do the sort of things that others have done to keep the attacks at bay. Look at Caterpillar. It's CEO was pilloried for among other things a buyback at inflated prices, but it was what he believed needed to be done.

    I'm not suggesting that there is necessarily anything wrong, it's just that Apple shouldn't continue to have a place high on a pedestal. It is a mere mortal of a company now and events have proven that to be the case.
    Apr 24, 2014. 08:06 AM | 1 Like Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    No doubt they are working on exploiting existing technology in that area, as are likely many others.
    Apr 24, 2014. 08:03 AM | Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    Innovation resulting in new product introduction has been in scant supply.

    While you're correct that Google didn't originate the computer screen on glasses, neither did Apple originate its core successful products. They were quantum leaps forward of existing products.

    I agree that something revolutionary will likely come from Apple again, but the reality is that the company, over the past 10 years has had a stock price built on introducing such products at a pace that could never be sustained.

    If you can't introduce new products, you had better be able to increase sales of existing products and see the rate of increase continue to increase. That's where the cracks are beginning to creep into the picture.
    Apr 24, 2014. 08:03 AM | 1 Like Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    I'll match you on that basis. I went to Bronx High School of Science. Where did you attend?

    I also graduated.
    Apr 24, 2014. 07:56 AM | 3 Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    The other clear possibility is that you don't get that it is not satire.
    Apr 24, 2014. 07:55 AM | 1 Like Like |Link to Comment
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