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Reel Ken

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  • Apple About To Blow The Roof Off Of $600 [View article]
    Hi Warren,

    If we can get through the next seven years without a worldwide crises, I don't care what Apple does.
    May 1 11:29 AM | Likes Like |Link to Comment
  • Apple About To Blow The Roof Off Of $600 [View article]
    Hi Andreas,

    Welcome to your first post on SA.

    Let's clarify a little....

    1) The $50 price target was from January 2013, when AAPL was trading in the lower $400's. So far, it would have proven to be a great time to have bought.

    2) Gundlach just sold a little as he expected AAPL to be range bound. He's probably glad he didn't sell more.
    Apr 30 09:40 AM | 3 Likes Like |Link to Comment
  • Apple About To Blow The Roof Off Of $600 [View article]
    HI QTR,

    Chill out.

    I'm not interested in your pattern of investing. If I was, I'd go to your cocktail party.

    The question is the quality of your article. When someone, such as yourself, claims to be a long time bull on AAPL, yet never really "pulled the trigger" it diminishes their statement.

    So, I ask, what compels you now, that wasn't there before? The only answer you provide is the purchase of short term call options just before earnings. This is indicative of a momentum trader not a "perma-bull".

    If you really believed in the AAPL story you would have bought shares, not calls. If you didn't have available cash (until June) as a self-professed options expert, you could simply sell a put with your call and created a synthetic long.

    Sorry, I stick to my position that your actions are the actions of a short term momo trader, not a "perma-bull".
    Apr 30 08:43 AM | 9 Likes Like |Link to Comment
  • Apple About To Blow The Roof Off Of $600 [View article]
    I'm having trouble reconciling your article with your actions.

    You are a self-described "perma-bull", who in 14 years of investing never took a meaningful position in AAPL.

    You excuse this with "......I never had the free capital to take a substantial position in the company, nor did it ever seem like the timing was right...."

    But now, after AAPL has run up from $400 to $600, the "timing is right". Your "commitment" was to buy call options a few days ago and looking to exercise them in June. Are you expecting a "settlement" or a windfall from your HLF short to give you the money? Or will you just redeploy capital, as you most certainly could have had you been anything other than a tepid investor?

    I'm bullish on AAPL, and have been for some time. Your pattern of investing is not consistent with a perma-bull. It is consistent with someone trying to pump up a stock in the short term to cash out on call options.

    When you draw into question your own investing, you draw into question the rest of your article.
    Apr 30 08:22 AM | 22 Likes Like |Link to Comment
  • Your Options For Prudently Hedging Apple [View article]
    Hi Craig,

    An interesting question. I'm sure that some type of hedge could be worked out, but I suspect it would be problematic.

    My feeling is the VXAPL has more value as a trading indicator than a hedging tool. For instance, it might be helpful in deciding when to buy puts or calls.

    But I'm certainly open to hearing about any true hedging opportunity.
    Mar 20 12:21 PM | Likes Like |Link to Comment
  • Sifting The Apple Rumors: iWatch [View article]
    Hi mpmassey,

    Nice example. If he wore a Cartier, you can bet it was because he liked it, not to impress.

    I'd also wager a guess that no one at the party said ..." did you see that watch on Sam?" They more likely said..."...did you see who's here?"
    Mar 19 12:39 PM | Likes Like |Link to Comment
  • Sifting The Apple Rumors: iWatch [View article]
    HI Heathrow,

    With you 100%. Apple has a history of ..."delivering a cool and highly functional product...." It will be interesting to see if they can keep this streak up.
    Mar 19 07:52 AM | Likes Like |Link to Comment
  • Sifting The Apple Rumors: iWatch [View article]
    Superficial people will attract superficial people. The real movers and shakers don't need a fancy watch to evaluate their self worth.

    The real wealthy (and I mean real wealthy) are not ostentatious, but dress rather drab. And one does well never to confuse them with the "bling dwellers".
    Mar 18 12:31 PM | 13 Likes Like |Link to Comment
  • Apple: Patent Challenge Applications Denied [View article]
    Hi rightwing,

    There's nothing questionable about someone writing a truthful article that may benefit their position.

    It is spin, hype and other material designed to portray something as other than it is, that is questionable.
    Dec 14 06:41 PM | 5 Likes Like |Link to Comment
  • Your Options For Prudently Hedging Apple [View article]
    Hi calcay,

    Thank you.

    the purpose of my articles was to let investors see that options can be applied in many different ways.

    Your bear-spread is a good version.

    Good luck investing.
    Nov 8 01:25 PM | Likes Like |Link to Comment
  • Your Options For Prudently Hedging Apple [View article]
    Hi calcay,

    Yes, you have it right.
    Nov 7 05:05 PM | Likes Like |Link to Comment
  • Your Options For Prudently Hedging Apple [View article]
    Hi Calcay,

    I'm not clear on your question. This post is a little old, but I'm happy to try and help.

    Can you be a little more specific about what you're referring to?


    Nov 6 08:01 PM | Likes Like |Link to Comment
  • Apple Vs. Samsung: Is There An End In Sight?‎ [View article]
    Hi doug,

    I'm not a language expert and would normally stay away, but I respectfully disagree with your insistence that "who" only refers to human beings.

    There are numerous usages by respected authors such as "...the dog who...", "...the cat who...", "... the mouse who...", etc..

    Since usage is an accepted part of language, you may be casting too narrow a net.
    Jul 25 09:11 PM | 4 Likes Like |Link to Comment
  • Enough About Apple [View article]
    Thanks for an interesting article.

    I think you mis-interpret one point. Granted Apple doesn't have the enterprise market. This is not a negative, but a positive. They can reach out (as they have been doing) and penetrate this market.

    Contrast it with Microsoft. They have a hold on enterprise but are a late entry to the consumer market. That's why they have stumbled, for it is the consumer that has driven the "new tech" space. Now, Microsoft is trying to gain consumer market share for its growth.

    Your prediction may well come to pass, but if Apple can continue to penetrate enterprise, then it's a whole different ball game.

    The fashion industry has many examples of companies that have started out with a target market and after establishing a foothold, branched out to other target markets. When it comes to consumer industry, name brands do mean a lot, I suggest you look at MacDonalds and Starbucks for just a few examples.

    It is how management handles the brand that matters, not some inherent problem with branding. Cadillac lost its luster not because of branding, but because of mis-management

    I'm not taking sides on this, just commenting that low market penetration is only a bad thing when looking at the present, but a very good thing when looking at the future. One needs a void that it can fill if one wants to grow. Isn't that what China was all about?
    Nov 27 07:38 AM | 7 Likes Like |Link to Comment
  • Trading Apple Options: Your Chance For Success (Continued) [View article]
    Hi meridien,

    VXX is a whole different animal, so it's not appropriate to look at it in traditional terms. It is at least a "derivative magnitude" removed from reality. A similar problem arises with some ETFS that are based upon futures (USO for example), which may move opposite to the expected move (contango), etc).

    With a traditional stock (or ETF) the option moves in concert with the stock. There is no contango in SPY.

    DELTA as an approximation is fine. It is not intended to be accurate, in which case you may need more sophisticated software and an understanding of statistics to evaluate the result. Not everyone has that ability, that's why AI offered DELTA as a "quick fix".

    Nov 26 03:36 PM | Likes Like |Link to Comment
More on AAPL by Reel Ken