Stock Market Talk

Yesterday the $600 weekly apple calls were at $.30 and now they are at $1.85 so that is roughly 6 times more what they were yesterday. A $10K buy yesterday would have been made you $50K today. Those same calls were about $.06 on Monday so $10K 3 days ago would be worth $300K today. Some crazy shi*...

http://www.google.com/finance/option...?q=NASDAQ:AAPL

Make that $10K in Apple $600 weekly calls now worth roughly $600K for anyone who bought on Monday. I am really kicking myself in the ass now Them $.06 calls now worth $3.90 per call.

Impressive.. Morgan Stanley upped their 2013 target to $960

Originally Posted by stylinexpat

Make that $10K in Apple $600 weekly calls now worth roughly $600K for anyone who bought on Monday. I am really kicking myself in the ass now Them $.06 calls now worth $3.90 per call.

wow, that is a serious upside! I'm just riding my long position in AAPL.

AAPL is on an insane explosion, especially given its market cap.

Originally Posted by Spiderm0n

wow, that is a serious upside! I'm just riding my long position in AAPL.

AAPL is on an insane explosion, especially given its market cap.

At one point they reached around $6.95 so that $10K in weekly $600 calls would have been over $900K. That is what I call an explosion. Even $1K would have been $90K This week Apple calls were like winning Lotto numbers.

Originally Posted by GeneArch

Impressive.. Morgan Stanley upped their 2013 target to $960

I just saw that article as well. I remember when Google was said to climb to $1000 and no one believed it but sure enough it ran there before the split so I believe Apple will run up there. Apple in Bull mode now.

http://9to5mac.com/2012/03/14/morgan...rging-markets/

I bought a couple thousand worth of AAPL back in 2007, then like a noob threw it away at the bottom in 2009, and now i don't even dare look at where it is.

Speaking of noob, i have a roth ira account. The first year i put the max into it and bought up some ETFs. Next year i put in half the max, but didn't buy anything with it. So now i have money just sitting there. Should i put in more money for the 2011 year and not necessarily buy anything with it, just so i have it in my roth for the right time, but so it still counts for last year? Are roths even worth it? My initial plan was to use my regular trading account for super long holds, and to use roth for short term so i don't get with capital gains. But i don't really ever trade, so all my stocks are long. I was considering doing the "buy on the first of every month to avg out the swings" but I'm thinking the commissions would greatly eat into that strategy.

Originally Posted by awesomeo3000

Speaking of noob, i have a roth ira account. The first year i put the max into it and bought up some ETFs. Next year i put in half the max, but didn't buy anything with it. So now i have money just sitting there. Should i put in more money for the 2011 year and not necessarily buy anything with it, just so i have it in my roth for the right time, but so it still counts for last year? Are roths even worth it? My initial plan was to use my regular trading account for super long holds, and to use roth for short term so i don't get with capital gains. But i don't really ever trade, so all my stocks are long. I was considering doing the "buy on the first of every month to avg out the swings" but I'm thinking the commissions would greatly eat into that strategy.

To keep it simple, if you think your tax rate in retirement will be higher than now, then you want some Roth IRA money. It's also nice to have tax-free money in case you want to make a big purchase while retired in one year, like a house or car. But that doesn't matter if you have non-retirement savings you can use.

If you want to buy monthly get mutual funds. There's built-in fees but you won't pay anything for adding money monthly.

Imo, the days of buy and hold are gone, even though the Fed and our government are trying to make you think otherwise with their QE and stimulus. They are building a new bubble, not with tech stocks (2000), not with real estate (2007), but this time with government debt.

So if you buy and hold, every 5-6 years you'll feel rich, but over 10-20 years you'll probably earn very little.

Originally Posted by awesomeo3000

I bought a couple thousand worth of AAPL back in 2007, then like a noob threw it away at the bottom in 2009, and now i don't even dare look at where it is.

Speaking of noob, i have a roth ira account. The first year i put the max into it and bought up some ETFs. Next year i put in half the max, but didn't buy anything with it. So now i have money just sitting there. Should i put in more money for the 2011 year and not necessarily buy anything with it, just so i have it in my roth for the right time, but so it still counts for last year? Are roths even worth it? My initial plan was to use my regular trading account for super long holds, and to use roth for short term so i don't get with capital gains. But i don't really ever trade, so all my stocks are long. I was considering doing the "buy on the first of every month to avg out the swings" but I'm thinking the commissions would greatly eat into that strategy.

It's a very common misconception to only contribute to Traditional 401K or IRA (pretax), but ignoring Roth 401K and IRA (after-tax).

Say you need 80K yearly during retirement, and the tax bracket splits at 70K.

If you get all 80K from pre-tax 401K, you will be taxed at a higher bracket.

But, if you take 70K (or less) and 10K from Roth IRA, then you'll only be taxed at the lower tax bracket (< 70K), not to mention your tax on capital gain will be less than if you're in the 80K tax bracket.

Keep in mind too, principal contributed to your Roth IRA can be withdrawn at any time before retirement without tax penalty. So if you do have extra cash, just put your money in there as year 2011 and you can withdraw it if you need the money back, assuming you didn't lose anything. Because once 2011 tax year is closed, you'll miss the 2011 boat.

There's another trick on Roth 401K to Roth IRA conversion but that's for another class...

Originally Posted by stylinexpat

I just saw that article as well. I remember when Google was said to climb to $1000 and no one believed it but sure enough it ran there before the split so I believe Apple will run up there. Apple in Bull mode now.

http://9to5mac.com/2012/03/14/morgan...rging-markets/

I love chart like this...

Why not color the whole thing to the right as light-blue?

Wasn't NFLX the Wall St darling just few months ago, with 300..500... etc. predictions?

Originally Posted by Chris90

the bulls are really hanging on for dear life - any 5 point drop in the S&P is met with frantic buying.

No matter that small caps and Dow transports have already rolled over, peaking like a month ago and slowly declining while S&P 500 is rising. Yet two more bearish indicators.

Give it up fellas. Apple can't save ya.

So the transport is back to the high a couple months ago.

What say you now?

Originally Posted by Griffoun

So the transport is back to the high a couple months ago.

What say you now?

Transports are supposed to lead these rallies, same with small caps. They are still lagging, volume is tiny. We'll probably go to 1440-1450, finish the last leg up.

A correction would be healthy. This rally is extremely unhealthy. We've sold everything except about half our 401k, which we just sit on, so I can't do much but watch. It's good to always have some skin in the game for rallies like this, even if you don't believe in them.

BAC back in bull mode again. Good old Warren must be happy these days. He was in at just over $7. He is up over 30% within 6 months on that $5 billion investment in BAC

6am tomorrow, let's see how this impacts the market.

http://techcrunch.com/2012/03/18/app...-100b-in-cash/

Originally Posted by GeneArch

6am tomorrow, let's see how this impacts the market.

http://techcrunch.com/2012/03/18/app...-100b-in-cash/

Thanks Could explain the recent run-up..

Originally Posted by GeneArch

6am tomorrow, let's see how this impacts the market.

http://techcrunch.com/2012/03/18/app...-100b-in-cash/

Originally Posted by stylinexpat

Thanks Could explain the recent run-up..

Eh... sty, I've talked about that before...

Stock buyback is nice, maybe investors aren't too excited about the amount of dividends? AAPL's only up marginally.

Actually I've been guessing AAPL to buy YHOO this year if not next year.

Originally Posted by Griffoun

Eh... sty, I've talked about that before...

Stock buyback is nice, maybe investors aren't too excited about the amount of dividends? AAPL's only up marginally.

Actually I've been guessing AAPL to buy YHOO this year if not next year.

News is out and this is good news. Here comes $700. Should hit $700 easily now.

http://www.bloomberg.com/news/2012-0...-its-cash.html

$10 Weekly BAC calls should be double today from Friday's closing price Stupid for buying so little

MCP always good to buy on dips these days.

http://www.google.com/finance?q=NYSE:MCP

Originally Posted by stylinexpat

$10 Weekly BAC calls should be double today from Friday's closing price Stupid for buying so little

Here we go...

Let's see where they open at today

Everyone has been talking AAPL's performance, but less talk about PCLN... YTD Priceline outperforms Apple by a few percentages (both are awesome, but PCLN is already up 50% YTD). Then on a 5-year chart, Priceline's return is an eye-popping 1200%, while Apple only manges to return 600%.

Small Caps outperforms Dow and S&P today...

It's a bit chilly to see how PCLN and AAPL can run up 50% in 3 months. I'm hoping for a healthy correction.

AAPL still moving up.

Should be interesting to hear the news from RIM, conference call on Thursday. Don't see it working out for them

Originally Posted by GeneArch

AAPL still moving up.

Should be interesting to hear the news from RIM, conference call on Thursday. Don't see it working out for them

LNKD been doing well too along with Bidu and Google. TVIX has been crazy the last week.