Ranchrfl

Why a Recession Might Be Great for Apple

FINALLY, someone's got it.

I've been feeling my own Apple store pulse, since August. I started in the Cambridge and Birmingham stores in England and they were doing normal business, during the month of August, when most of the country go on holiday.

Back in the USA, I started visiting stores on the West Coast of Florida (Tampa, Brandon, Naples and Estero. I spoke with people and the impression I got was it was quieter than normal in late September ands early October. Since the Macbook refresh, business is back to normal on weekends and weekdays are coming back but not quite back to normal but steadily improving.

As someone said recently about lacing up track shoes and a charging bear... Apple doesn't have to outrun the bear, just outrun Rimm and Dell...

Steve Jobs' Fake Heart Attack, Courtesy of CNN

We can only hope they catch the SOB and he ends up in jail as a warning to all who knowingly spread false rumors to influence a stock price up or down. If in a high-profile case like AAPL they throw this person in jail word will spread. The sale of millions of shares were triggered by this false rumor making this grand larceny any way you slice it. Shame on you CNN!

Apple Credit Spreads: Targeting 500% Return

I am a Mac-fanatic since 1984, bought 2,000 shares AAPL at $15 pre-split rode it up to $204 down to $117 and back up over $180 and at $170 sold half and bought among other things 4,500 shares BAC at $20 and $21. Monday I sold another 1,000 APPL at $139 and change, bought 4,500 BAC at $28 and change. Today BAC is $36 and change and AAPL is $142 and change. My remaining 1,000 shares of APPL are up 6.15% and my BAC is up 19.39%.

I will sell BAC as soon as it looks like on a percentage basis AAPL will run faster than BAC and buy back AAPL but the $3,000 of AAPL it cost me between Monday and today is $35,000 you do the math:)

10M iPhone Target Is a Non Issue

Are we seeing an old fashion short squeeze here?
My basis is a split adjusted $8.00 so today alone I got my investment back. The shorts may scare a nubie to APPL but I just enjoy watching the Wall Street roulette junkies bet black or red and that's why they can't scare us old investors out:)