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  • Apple: Learn From Andy Zaky's Mistake [View article]
    Set your stops just below the $420.00 mark and limit your losses, just in case. If it starts closing below $420.00, get out.

    You don't want to get stuck in a bad trade.

    Good luck! :-)
    Mar 8, 2013. 02:27 AM | Likes Like |Link to Comment
  • Apple Bears Are Delusional [View article]
    Great! Sounds good!
    Mar 8, 2013. 01:09 AM | Likes Like |Link to Comment
  • Google (GOOG +0.5%) has passed Apple (AAPL +0.3%) as the biggest holding among the top 50 actively-managed U.S. mutual funds, according to a Citi report. Google is also now the top holding among hedge funds - a slew of major hedge funds either pared back or fully unwound their Apple positions in Q4. After backing out net cash/investments, Google now trades at 15.5x 2013E EPS, and Apple at just 6.3x FY13E EPS. [View news story]
    Excellant analysis. Bravo!
    Mar 7, 2013. 09:24 PM | Likes Like |Link to Comment
  • Apple: Learn From Andy Zaky's Mistake [View article]
    To spot a change from a downtrend to an uptrend, look for the following to occur

    A. A trend line is broken

    B. There is a retest and failure

    C. Price closes above the prior high

    If you can confirm these three things have occurred, you will be on the right side of the trend 60-80% of the time.
    Mar 7, 2013. 03:45 PM | 1 Like Like |Link to Comment
  • Don't Believe The Hype: Apple's Growth Story Is Not Over [View article]
    Buy opportunity?

    I've been seeing that statement all the way down from the high 600's.

    If you say something enough, you're bound to be right some time.

    Now is not that time.

    Wait til the stock starts closing with higher highs and higher lows before going long.

    For now, it's still stuck in a downtrend.

    Don't fight the trend.
    Mar 7, 2013. 03:26 PM | Likes Like |Link to Comment
  • Apple: Learn From Andy Zaky's Mistake [View article]
    If you believe in the technical head and shoulders pattern that Apple is in, the bottom would be around $360.00.
    Mar 7, 2013. 02:54 PM | Likes Like |Link to Comment
  • Apple: Learn From Andy Zaky's Mistake [View article]
    Sorry to hear you are losing money, going against this trend.

    Contrarian investor, eh?

    I hope it works out for you.

    When the trend changes, I will be right there with you.

    Good luck!
    Mar 7, 2013. 02:43 PM | 1 Like Like |Link to Comment
  • Apple: Learn From Andy Zaky's Mistake [View article]
    Even the catalysts over the past 6 months haven't been able to stop this slide. Remember the iP5? What a huge catalyst that was supposed to be? It was the start of a 6 month and counting downtrend.

    iPad mini didn't help either, despite record sales, because it ate right into margins.

    Holding long hoping for a catalyst to boost the price is gambling.

    Follow the trend, and you will make money.
    Mar 7, 2013. 01:35 PM | 1 Like Like |Link to Comment
  • Apple's Growth Story Is Over [View article]
    Hi Tusc,

    The plan is a long term plan, and that is to ride the trend, whether that be up or down.

    The same is true with any stock.

    When the trend in Apple changes, I'll be happy to jump back on and ride that trend up.

    And I should still have my cash available to do so.

    Until that time comes, I'm either short or out.
    Mar 7, 2013. 01:04 PM | Likes Like |Link to Comment
  • Apple Has Little Left To Lose [View article]
    Thanks, James

    I'm worried I may not be able to make it back, but I'm just starting to play by a set of rules. This is my first full week, as a matter of fact.

    One thing I've learned so far, if you're confident in the strength of the long term trend, let your trades ride.

    I got stopped out with a $2,000 profit on one trade, and other trades I was stopped out with enough losses to wipe out that profit, so I didn't do a good job of protecting my profit.

    I'm just so used to seeing continuous losses, being long Apple for so long, that I just didn't let any of them run.

    If you follow the trend, and the trend is strong, you have to let your trades run.

    I'd be several thousand dollars ahead right now if I'd just done nothing, but after doing nothing for so long with Apple, I am a little trigger happy, if you know what I mean.

    I bought a coupla 30 day puts at around $430.00 today. I'll let that one run for awhile. I'm looking at $435.00 as resistance, and will add more puts if it gets there today.
    Mar 7, 2013. 12:26 PM | Likes Like |Link to Comment
  • Apple: Learn From Andy Zaky's Mistake [View article]
    Zaky broke several of my trading rules.

    1. Never fall in love with a stock. Apple is just that, a stock. And it's a stock in a downtrend. Play it as such.
    2. Protect your profits and limit your losses.
    3. Never have all your eggs in one basket
    4. Never bet more than you can afford to lose
    5. Follow the trend
    Mar 7, 2013. 11:32 AM | 3 Likes Like |Link to Comment
  • Apple Bears Are Delusional [View article]
    I just have to pay attention to my own plan. Follow the trend. Getting stopped out is costing me. I'm new at this, so I'm treading carefully. I've hardly ever shorted before, so it's different. But I have to give my puts a chance to run. $436.00 seems to be a good number to place my stops at, since it's hit $435.xx twice the past few days and failed to push through each time.

    Buy puts on pops, and give them room to run.

    Mar 7, 2013. 10:36 AM | 1 Like Like |Link to Comment
  • Apple Still Has A Bright Future [View article]
    I would buy puts when the stock pops a little. $435.xx seems to be a resistance, as it's hit that level twice in the past few days and then fell back.

    I'm not an expert on options, so you have to just give it a try.

    It's tough buying a put when you've been long all this time, believe me I know. But you will enjoy seeing green in Apple for once.

    Good luck.
    Mar 7, 2013. 09:06 AM | Likes Like |Link to Comment
  • Apple Bears Are Delusional [View article]
    I've been playing way too close to the vest, getting stopped out all over the place because I'm afraid of losing more than $300.00 on a trade. If I'd have just let my puts run, I'd be waay ahead, but am only breaking even so far. I need to loosen my stops and take a chance. This stock is still in a downtrend. I have to ride it. I believe the stock can go to $360.00. That is the target from a head and shoulders perspective. If I can just hold on to my puts, and add more on the way down, I should be able to get some cash back from Appl. Lord knows, it owes me enough.

    Take care.
    Mar 7, 2013. 03:44 AM | 1 Like Like |Link to Comment
  • Apple Has Little Left To Lose [View article]
    You're right. That was an asinine thing to say, and I don't know why I said it. Nothing aginst you. I think I was just talking at myself, through you.

    I eff'd up, losing all that money holding Apple. There's nothing I can do about it now, except try to make it back. So far, my trades have been littered with losers, and not just Apple.

    I had a $50,000 + profit in Apple at one point last year.

    Why didn't I take it?

    Why did I just watch it fade away?

    Because I didn't know wtf I was doing. I didn't have a plan. I tried to beat the market without knowing what I was doing, and the market chewed me up and spit me out.

    I'm still learning, so I have no right to belittle anybody.

    I AM bitter, and I apologize for taking it out on you.

    Good luck! I hope everything works out well for you.
    Mar 7, 2013. 03:29 AM | Likes Like |Link to Comment