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mykie

mykie
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  • Apple Is Still Worth $113 After Results [View article]
    Scott,

    I'm at 8.9% with all the investment money I have in the world.

    I've recently learned that position size is very important in controlling risk so I have picked an arbitrary 10% as being a guideline top number. I figure AAPL will hit that near year end with just a 10% lift from here which would put the stock at $106 and my position size at 9.9%.

    There's no hard and fast rule here so I'm curious what others are doing but imagine you were holding higher than a 10% position when aapl was $700 and heading towards $1000 3 years ago and then of a sudden, you are down by almost half. I don't think that will happen this time for the reasons I stated in my earlier comment but at some point too much of a good think is too much.

    What is your AAPL as a percentage of your total invested capital position size?
    Jul 27 02:33 PM | Likes Like |Link to Comment
  • Chart O' The Day: Global Food Prices Are Deflating [View article]
    Hi Amanrah,

    "I suppose people really need to live in other parts of the world where true abuse, lies, and cronyism is occurring with such numbers on a massive scale (like China) to appreciate just how good they have it."

    I agree wholeheartedly with both your comments. It's easy to pick on government even if it only serves the purpose of the one griping. But here's some places that I live that would cast a different light on the subject, as you suggested:

    I have lived in several 2nd and 3rd world countries (presently living in Mexico). In Brazil, I had signed a lease with a woman who was friends with the chief of police and she summarily threw me out when she got a higher offer (after I had moved in, signed a 6 month lease and lived there for 2 months).

    In Kenya I had to bribe my butt off to get a native a passport, paying 3 times for it. (That story does not hint at what happened to me there but believe me, if the fates had dropped you there instead of wherever, you'd truly have reason to complain.)

    In Turkey, I had to sue a realtor who had sold me an almost completed villa and then bought it surreptiously in order to profit more and then stopped construction.

    In Argentina I bought an apartment and the day I moved in, I was presented with a government decree that I had to remove a section of the condo that had been ordered by the government 6 months before. The lawyer I had hired to discover those types of things then tried to raise his fees by 5 times the verbally agreed amount, even though he didn't perform his job or lied about what he discovered. In the end, (I didn't pay him anything.)

    All these stories would have been different in the USA, not that no one gets in trouble there, but rather, there is a rule of law that does not rely upon who your crony is or who your cousin is, and a sense of fair play is part of the culture.

    Having said that, I've adjusted and am very happy in MX as I (anecdotally but from an anal retentive budgeter) spend 50% less here than what I would spend to live the same lifestyle if I lived in LA, a 3 day drive north. (Mexico, a developing country where a lawsuit takes 4-5 years - like Turkey - to be resolved and is usually more expensive to pursue than taking your lumps and moving on.)
    M
    Jul 26 05:13 PM | 1 Like Like |Link to Comment
  • Did Solazyme Just Patent A Treatment For Diabetes? [View article]
    Kevin,

    Anyone that loses your fine writing because they can't find SA deserves to lose your fine writing. Your just right here on SA and still pumping out terrific articles that are useful and helpful.

    Thanks for the notice,
    Mykie
    Jul 26 12:25 PM | 5 Likes Like |Link to Comment
  • Apple Is Still Worth $113 After Results [View article]
    ispank,
    I think we saw that drop from $700 down to sub $500 due to losing Steve Jobs. It now looks like an overreaction but at the time, it looked like a disaster and a very high risk that aapl would not continue in the same vein.

    When a company has a change at the top, anything could happen, good or bad, no matter who is chosen to replace the visionary. Since Jobs was a visionary and Cook is not looked upon by anyone as a visionary (at least at the time he took over), I believe the market overreacted, pulled back to wait and see what would come of the company with a quite different CEO.

    That was almost 3 years ago. During that time, the company has operated differently than when under Jobs, but still successful. They have really accomplished a lot, considering they had to change style and adjust to a new CEO and vice versa. Now I think with the continued success, the Street is beginning to see Cook's strengths and willing to pile back into the stock.

    With the PE at around 16, that shows about the level of confidence that the Street has in the company. They have moved up to that valuation during one of the historically, weakest quarters and in anticipation of the new product line and the strong 4th quarter, sit on the edge of confidence.

    To me, this last quarter is a make or break one for AAPL. If it goes as we think, I believe the stock is going to regain its former glory and begin the march back to $1000 and I think the new products are going to fuel that march back.

    This is purely speculation but I see AAPL, creating several different wrist bands that perform different tasks. For example, one for health, one for exercise, maybe one for diabetics, etc.

    These wrist bands will be cheap enough that countries that are still growing their middle class can participate in the AAPL ecosystem. In AAPL's biggest market, N. America, it's one phone per person, but with the phone now being the linchpin to many other functions, the interpreter if you will, burgeoning middle class families could afford one phone per family with several different wrist bands that can be passed around and used by those normally very large families.

    In the above (completely speculated) business model, the iPhone becomes the razor and the wrist bands become the razor blades. With each new iPhone there will be new wrist band applications so many will want to upgrade to the new phone as well as new and useful wrist band uses.

    Add to what I have said above, the IBM deal for more enterprise exposure plus their ongoing initiative in the education field and I think you can see how this company can continue growing despite its size. It is a very brilliant strategy.

    If this is what AAPL has done, then I would call that VERY VISIONARY and my guess is the stock will march on up without any more mysterious and gigantic pullbacks. The share price will start to act like GOOG's.

    Disclosure:
    I am a simple, small, individual investor, just recently running my own portfolios with the help of The Motley Fool.

    AAPLE is my largest position and I have to hold myself back from buying more, I am so confident of the scenario I described above.

    Just my thoughts,
    mykie
    Jul 26 12:16 PM | Likes Like |Link to Comment
  • AudioEye Expects 1,400% Growth With New Government Mandates Requiring More Accessible Technology For Disabled Persons [View article]
    Neil,
    Since the product appears to be a smashing success, this seems to be the 64,000 question, that and if they are good capital allocators/management.

    Thanks for the article.

    Up in the air at this point but I think the Daily News, at least while I was matriculating in NYC 45 years ago, tends toward sensationalism.
    Mykie
    Mildly long AEYE
    Jul 24 11:21 PM | Likes Like |Link to Comment
  • AudioEye Expects 1,400% Growth With New Government Mandates Requiring More Accessible Technology For Disabled Persons [View article]
    Can you say more about valuation? Your $5 price target implies a market cap of $275 million, which is more than 30 times the expected 2014 revenue of $8 million.

    Hi Night Heron,
    IMHO, I don't think 30x expected revenue is too much to pay for a company growing at this pace.
    M
    Jul 24 02:57 PM | Likes Like |Link to Comment
  • SSCA Inventory Unsealed: Confirms Disappointing Salvage, Meson's Estimates [View article]
    Hi Ship and thanks for all your good info,

    Based upon Mr Morris's take, OMEX might be interested in batching the sales to stay in business or do you think they have staying power such that they can take the high profit road?
    M
    Jul 24 02:54 PM | Likes Like |Link to Comment
  • SSCA Inventory Unsealed: Confirms Disappointing Salvage, Meson's Estimates [View article]
    I'm losing hope ......
    there is never a good news .............

    Hi Bertanik,

    I agree, I thought the bottom was around $1.42 but here we sit lower.

    Remember, the light is darkest at the end of the tunnel. I'm not saying I know anymore than what we have read here but the game isn't over until the fat lady sings and she has a few more months.
    M
    Jul 24 02:50 PM | Likes Like |Link to Comment
  • AudioEye Expects 1,400% Growth With New Government Mandates Requiring More Accessible Technology For Disabled Persons [View article]
    Hi thanks for the article,

    This is an interesting company and any more articles would be greatly appreciated.
    Long AEYE
    M
    Jul 24 02:47 PM | Likes Like |Link to Comment
  • Apple Is Still Worth $113 After Results [View article]
    Hi Bjin

    "Speaking of MSFT, they are not going to up[grade Windows ever again which means Windows is going bye bye. Android hasn't been upgraded either."

    Is this public info or can you aim me at the source? It doesn't make sense that the most used OS is not going to be upgraded again so I'd like to understand that and why Android isn't going to upgrade.
    Thanks,
    Mykie
    Jul 23 03:09 PM | 1 Like Like |Link to Comment
  • SSCA Inventory Unsealed: Confirms Disappointing Salvage, Meson's Estimates [View article]
    Ship,

    Terrific work. Like Bill H, this has been the most fun ever but we have to give some credit to Meeson. His soft pitches make it easy for the sluggers to swing for the fences .
    mykie
    PS I can't wait for this to be resolved!
    Jul 19 11:40 PM | 3 Likes Like |Link to Comment
  • Apple: The Party Is Over; Initiating With A Bearish View [View article]
    Man, this guy couldn't have been more wrong but then, that's a good thing as it was real easy to ignore his logic.

    Just before reading it I bought a call on Apple at $91 or so. After reading his article, I thought how could we both be so sure of what we are doing and yet, one of us is terribly wrong. Turns out (this time) it's him though I never got the impression he had backed his words with his money.
    Just saying,
    M
    Jul 16 05:12 PM | Likes Like |Link to Comment
  • Solazyme: Why This Green Company Looked To The Oil Fields [View article]
    Snake,

    "Not trying to be negative."

    Actually, when I said you were doing a negative review, that was a compliment, and I didn't mean to imply you were being negative since a negative review is a great tactic when we are all drinking too much SZYM kool-aid and have a tendency to skip the facts.

    Thanks again,
    M
    Jul 16 04:54 PM | 1 Like Like |Link to Comment
  • Solazyme: Why This Green Company Looked To The Oil Fields [View article]
    Thanks Kevin,

    Great article and great discussion due to Snake doing a negative review. Thanks Snake.

    Very helpful and after pondering, I'm glad that is all that we can see wrong with this company.

    Long SZYM and I remain as hopeful as when I bought my shares and options.
    M
    Jul 15 05:21 PM | 4 Likes Like |Link to Comment
  • Apple: The Party Is Over; Initiating With A Bearish View [View article]
    You can't actually believe that hype from some unnamed Apple exec?

    Hi Stratti...
    He's only unnamed because I can't remember the link where I read about his statement. He was titled in that link.

    I don't think you understand the size of the (health alone) MEM universe and its potential to grow.

    Here's a leap of faith that I take and is the basis of my renewed interest in AAPL:

    Once the complicated connections between phone and computer are all said and done and with multiple streams of revenue from an ever growing list of new apps, AAPL will end up as the leader/innovator, and at a good margin.

    As an innovator, they get first shot at the market and at their price points. Their approach to manufacturing, in fact their entire corporate personality, combined with their economic power is suited to doing it right the first time. With a long line of new apps, their lead can only increase.

    My money is where my mouth is and I don't drink any corporate kool aids as I invest for a living. I just see this as an opportunity of a lifetime and AAPL is in the right place at the right time.
    Mykie
    Jul 15 03:19 PM | 1 Like Like |Link to Comment
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