Patrick.net

Shorted apple (way back in May)

By iwog   Follow   Thu, 12 May 2011, 11:42am   10,205 views   132 comments
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I'm buying up July puts today. So far I've got 20 x $280, 20 x $285, and 20 x $300. I'm also selling May $350 calls

- ipad clones getting very good
- Google is entering the market
- iphone and droid sales currently about even
- product shortages for apple coming
- chart looks identical to Google in late 2007

I haven't been to Vegas for awhile so this is my gambling for the month.

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1. iwog Follow Befriend (48) 273 threads 12,494 comments 47 male Lafayette, CA Premium

   53   12:47pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says Correction. Free-market unrestrained capitalism under a fiat currency regime is not really free-market. free-market unrestrained capitalism under a fiat currency = rigged market capitalism. This can be modified by government controls to make it work. I don't accept your correction and consider it nothing more than bullshit. Free-market unrestrained capitalism is a dismal failure and results in poverty for the vast majority of citizens whenever and wherever it is tried. The federal reserve is irrelevant to this main point. If you can't understand a game of Monopoly, you have no business discussing the economy. wormwood says iwog what system do you recommend to us if you believe “unrestrained” (whatever that means) capitalism is a dead-end system? The system abandoned by the country when Reagan was elected president. A highly progressive tax system, strong unions, strong economic borders, anti-trust enforcement, and active regulatory agencies. It worked fine from 1946 to 1980 and also helped the country emerge from the depression after 1932. It's also the system employed by all other successful first world nations. The world you want is best represented by Somalia. They didn't have a central bank until very recently you know.

2. archaeonflux Follow Befriend 1 threads 6 comments

   54   12:48pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike (1)   iwog says I think free-market unrestrained capitalism is a dead end system, but I think it can be modified by government controls to be sustainable and effective. wormwood says iwog what system do you recommend to us if you believe “unrestrained” (whatever that means) capitalism is a dead-end system? Iwog, why do you even try?

3. iwog Follow Befriend (48) 273 threads 12,494 comments 47 male Lafayette, CA Premium

   55   12:50pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike (1)   archaeonflux says Iwog, why do you even try? Hehe.....well this may sound weird, but I write mostly to put my own thoughts in order. :)

4. iwog Follow Befriend (48) 273 threads 12,494 comments 47 male Lafayette, CA Premium

   56   1:33pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike   wormwood says You mean the same kind of enviroment the Founding Father operated under? Yup. There's a huge difference between the economy at the beginning of a Monopoly game (the fun part) and the end of a Monopoly game. (when most capital assets are in the hands of the aristocracy)

5. archaeonflux Follow Befriend 1 threads 6 comments

   57   2:03pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike (1)   wormwood says You mean the same kind of enviroment the Founding Father operated under? Game over Iwog, the "Founding fathers had the perfect system in mind, and we've just corrupted it with our silly laws" card has been played. Pack up your shit and GTFO!

6. iwog Follow Befriend (48) 273 threads 12,494 comments 47 male Lafayette, CA Premium

   58   2:27pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike   wormwood says You can’t say you love capitalism, and say you love socialism too? There you go again, you love capitalism and yet you say our country is like the game Monopoly? I'm not trying to troll you, but this is yet another instance of you tripping all over your own bullshit. Fucking listen to me this time and stop replacing what I actually write with the voices in your head. I never said I love socialism. I've never advocated socialism. I think socialism is a dead end in most cases. I own and operate two businesses. I have employees. I pay medical benefits. I'm not even all that liberal. The economy is like a game of Monopoly because every fundamental aspect is modeled almost perfectly. Furthermore the economy has been performing exactly like the model. Wealth disparity reaches an all time high in 1929, crash. Wealth disparity nearly matches the all time high in 2008, crash. The same happened in France, the same happened in Russia, the same happens everywhere. You want to kill an economy? Eliminate progressive taxes and give all the money to rich people. It's not complicated. wormwood says Aren’t you just jealous of the rich? Yes. My disability check has been getting smaller and smaller while food stamps barely buy beer anymore. What's wrong with this country?

7. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

   59   4:05pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike   iwog says I don’t accept your correction and consider it nothing more than bullshit. Free-market unrestrained capitalism is a dismal failure and results in poverty for the vast majority of citizens whenever and wherever it is tried. lol, just because the free-market sound money system doesn't fit with your political leanings, you just reject it blindly as bull-shit without even considering the appropriate causes for the depressions. All depressions are engineered....wealth disparity is caused by very few people privileged to control the system. wealth disparity is a consequence. You're trying to fix the symptom, I am trying to fix the root-cause...thats pretty much the difference. iwog says The federal reserve is irrelevant to this main point. If you can’t understand a game of Monopoly, you have no business discussing the economy. its already been proved that free market sound money economy is NOT monopoly.

8. iwog Follow Befriend (48) 273 threads 12,494 comments 47 male Lafayette, CA Premium

   60   5:21pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike (1)   austrian_man says lol, just because the free-market sound money system doesn’t fit with your political leanings, you just reject it blindly as bull-shit without even considering the appropriate causes for the depressions. All depressions are engineered….wealth disparity is caused by very few people privileged to control the system. wealth disparity is a consequence. I have an outstanding knowledge of historical events. To claim every depression is engineered is an astounding assertion which in some cases implies that those in power actually took actions to cause their own heads to be cut off. You've made no effort whatsoever to support this claim (although I keep prodding you with historical examples of my own) therefore it rests ENTIRELY on a blind assertion of fact. Why do you think you can simply dictate the truth when others are going to such great lengths to prove their views are valid??? austrian_man says You’re trying to fix the symptom, I am trying to fix the root-cause…thats pretty much the difference. Your "fix" will get people killed. Your fix always gets people killed. You really think this song and dance hasn't been tried yet? Your premise is wrong therefore your conclusions are wrong therefore your fix is wrong. Andrew Jackson (here we go again with REAL proof) slaughtered the second attempt at a central bank. By 1837 the money supply had shrunk and the country was thrown into a severe depression that lasted until 1844. NOTHING, and I mean NOTHING in history supports ANY of your views on the economy. NOTHING! austrian_man says its already been proved that free market sound money economy is NOT monopoly. Yet you can't say why can you. I invited you and everyone else to improve the economic model of the Monopoly game to better fit the real world. Why haven't you done so?

9. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

   61   11:07pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike   iwog says which in some cases implies that those in power actually took actions to cause their own heads to be cut off. Please say in which case did the elites get screwed in a depression. They never do. That's the point of bubble blowing and busting. iwog says I have an outstanding knowledge of historical events. pretty useless when you can't apply the right theory to understand cause/effect. iwog says You’ve made no effort whatsoever to support this claim (although I keep prodding you with historical examples of my own) therefore it rests ENTIRELY on a blind assertion of fact. I am accusing the Fed to be the primary reason for bubbles. OK answer this question: Who is responsible for the housing bubble? I am asking for the root-cause. Not the peripheral people who took advantage and made the bubble worse. iwog says Why do you think you can simply dictate the truth when others are going to such great lengths to prove their views are valid??? Truth is I am backing my claims with solid facts. Which is why it stands on its own and no one else other than you with your stupid reasons on the causes of depression are trying to defend a hopeless cause. Any analysis that's relying on weak fundamentals require the person defending it, go great lengths. You have to do it, because your views are myopic and serve to distort the truth. iwog says Andrew Jackson (here we go again with REAL proof) slaughtered the second attempt at a central bank. By 1837 the money supply had shrunk and the country was thrown into a severe depression that lasted until 1844. Again history distortion going on here. Andrew Jackson did not want the banks to issue paper notes for payments, which is backed by nothing. So he issued the specie circular, which drove out all the bad money (Gresham's law in action) and caused the panic-struck people to hoard. Once again, the bankers are the primary cause for the problem. why on earth would they lend beyond their reserves? answer: that is how they make their money...they are parasites...they make wealth by staking a claim on future human labor (claim on future human labor = debt). debt should never be seen as a good thing, yet the bankers have deluded the people to think that it is a wonderful thing. When the debt spiral is trying to unwind, they won't even let it stop. Economy trying to heal itself of the malinvestment is a problem. Why? Why can't the bankers stop making more debt? Answer this question. iwog says I invited you and everyone else to improve the economic model of the Monopoly game to better fit the real world. Why haven’t you done so? You want to take a pure chance event game and model the real world, which is much more complex. people don't take risks with their capital based on pure chance. Although Monopoly is what is going on right now, thanks to your beloved central bank. They encourage speculation and borrowing, more than saving!

10. iwog Follow Befriend (48) 273 threads 12,494 comments 47 male Lafayette, CA Premium

    62   11:24pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says You want to take a pure chance event game and model the real world, which is much more complex. people don’t take risks with their capital based on pure chance. Although Monopoly is what is going on right now, thanks to your beloved central bank. They encourage speculation and borrowing, more than saving! When you can explain why every game of Monopoly ever played fails, and when you can explain the fundamental difference between a game of Monopoly and the real economy, I'll listen to your reasoning. My experience has been that genuine economic models are toxic to idealists and they will never discuss them. austrian_man says Again history distortion going on here. Andrew Jackson did not want the banks to issue paper notes for payments, which is backed by nothing. So he issued the specie circular, which drove out all the bad money (Gresham’s law in action) and caused the panic-struck people to hoard Jackson did exactly what you would have advocated, and we got a depression. A long one. Your takeaway from this event was that banks caused it? Cop out. Why not admit that returning to a strict gold standard caused it? That's the truth isn't it? austrian_man says I am accusing the Fed to be the primary reason for bubbles. OK answer this question: Who is responsible for the housing bubble? I am asking for the root-cause. Not the peripheral people who took advantage and made the bubble worse. Correct, however you've got a serious problem. There aren't any bubbles from 1933 to 1980. We had a well run sustainable economy WITH fed intervention. Do you know when we have depressions and asset bubbles? When federal oversight is at its minimum. Explain it please.

11. iwog Follow Befriend (48) 273 threads 12,494 comments 47 male Lafayette, CA Premium

    63   11:26pm Thu 23 Jun 2011   Share   Quote   Permalink   Like   Dislike (1)   austrian_man says Truth is I am backing my claims with solid facts. Which is why it stands on its own and no one else other than you with your stupid reasons on the causes of depression are trying to defend a hopeless cause. Any analysis that’s relying on weak fundamentals require the person defending it, go great lengths. You have to do it, because your views are myopic and serve to distort the truth. I see, so which solid fact supports an Austrian economic system? I don't recall you presenting any.

12. tatupu70 Follow Befriend (3) 15 threads 5,616 comments

    64   5:14am Fri 24 Jun 2011   Share   Quote   Permalink   Like   Dislike   austrian_man says I am accusing the Fed to be the primary reason for bubbles. I wouldn't argue the Fed doesn't share some responsibility, but it's not the primary cause. There have been as many, if not more, asset bubbles before the FED as after: Tulips, South Sea Company, Railroads, etc. austrian_man says OK answer this question: Who is responsible for the housing bubble? I am asking for the root-cause. Not the peripheral people who took advantage and made the bubble worse. The cause was clearly the ability of banks to sell mortgages no matter how crappy the loans. Lending standards went to hell. Low interest rates were probably a contributing factor, but not the main cause.

13. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    65   6:49am Fri 24 Jun 2011   Share   Quote   Permalink   Like   Dislike   iwog says When you can explain why every game of Monopoly ever played fails, and when you can explain the fundamental difference between a game of Monopoly and the real economy, I’ll listen to your reasoning. My experience has been that genuine economic models are toxic to idealists and they will never discuss them. OK iwog. let's deal with an appropriate definition of monopoly. I think we can agree that a single seller in a given industry can be said to be monopoly. correct? I think when you say Monopoly is bad, you actually need to make a distinction between a coercive monopoly and just an economic monopoly. Economic monopoly (meaning no other competition for the seller) is not inherently evil -- I mean if the single seller makes the most efficient product at low cost, he gets the most profit. Without regulation, a single seller being alone in the industry for too long is practically impossible as capital acts as a regulator in itself. Capital will seek the maximum rate of return, which means that more people will be driven to the industry and thereby put more pressure on that seller and drive down the prices. All monopolies formed through some form of government coercion are evil. When Government comes in and prevents competition from occurring, it messes up the inherent nature of the free market to favor the consumer. It instead starts favoring the producer, so we have these big giants developed at the favor of the Government. You can argue that what if the seller got big enough and bribed the Government into favoring him? Well, then Government has engaged in corruption of the free market enterprise. It is not the free market's problem, it is the government's problem. iwog says Your takeaway from this event was that banks caused it? Cop out. Why not admit that returning to a strict gold standard caused it? That’s the truth isn’t it? Instead of saying this, you might have as well said printing money makes one more wealthier...LOL...seriously? banks caused it. you are the intellectual cop-out here because you seem lost on the true definition of money. iwog says There aren’t any bubbles from 1933 to 1980. We had a well run sustainable economy WITH fed intervention. respectfully disagree. Inflation ran very high during this time, eroding people who were savers. There were continuous wars -- world war, cold war activities, vietnam war, korean war. Wars can give the illusion of prosperity because there is a LOT of money printing involved lol.

14. quesera Follow Befriend (1) 214 comments

    66   7:08am Fri 24 Jun 2011   Share   Quote   Permalink   Like   Dislike   iwog wrote I’m buying up July puts today. So far I’ve got 20 x $280, 20 x $285, and 20 x $300. I’m also selling May $350 calls I still disagree with your logic, but the trend lines are smiling at you this week. There's still time, and I'm still betting against you. Earnings are out in a week or two, but no matter how good they are, the stock price rarely reacts positively.

15. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    67   10:30am Fri 24 Jun 2011   Share   Quote   Permalink   Like   Dislike (1)   tatupu70 says I wouldn’t argue the Fed doesn’t share some responsibility, but it’s not the primary cause. The above statement is contradictory to the statement below. tatupu70 says The cause was clearly the ability of banks to sell mortgages no matter how crappy the loans. If banks are responsible, and the bank's bank (The Fed) sets/controls the market interest rate, who's at fault? Remember, there is NOTHING federal about the Federal Reserve. It is basically a consortium of private banks. Answer this question: how do banks make money? Well, through issuing more debt. When issuing more debt is your incentive to earn more, then you will issue debt to infinity. Why would the central bank loosen the noose on monetary policy for the private banks? The TBTF banks own and dictate the monetary policy in this country. tatupu70 says Tulips, South Sea Company, Railroads, etc. South sea company bubble cause: Government war spending by England. (central planning by the government) RailRoads: The Bank of England cut interest rates, making government bonds less attractive investments, and existing railway companies' shares began to boom as they moved ever-increasing amounts of cargo and people, making people willing to invest in new railways. (central planning by the central bank) Tulip mania: See this paper (http://www.econ.ucla.edu/thompson/Document97.pdf) as always, Government meddles with the market.

16. tatupu70 Follow Befriend (3) 15 threads 5,616 comments

    68   11:26am Fri 24 Jun 2011   Share   Quote   Permalink   Like (3)   Dislike   austrian_man says If banks are responsible, and the bank’s bank (The Fed) sets/controls the market interest rate, who’s at fault? Remember, there is NOTHING federal about the Federal Reserve. It is basically a consortium of private banks. Answer this question: how do banks make money? Well, through issuing more debt. When issuing more debt is your incentive to earn more, then you will issue debt to infinity. Why would the central bank loosen the noose on monetary policy for the private banks? The TBTF banks own and dictate the monetary policy in this country. But monetary policy had only a very small, if any, role in the debacle. And the federal reserve system had no role in underwriting standards. Hell--it was savings and loans that were the worst offenders. austrian_man says South sea company bubble cause: Government war spending by England. (central planning by the government) RailRoads: The Bank of England cut interest rates, making government bonds less attractive investments, and existing railway companies’ shares began to boom as they moved ever-increasing amounts of cargo and people, making people willing to invest in new railways. (central planning by the central bank) Tulip mania: See this paper (http://www.econ.ucla.edu/thompson/Document97.pdf) as always, Government meddles with the market. I think it was Twain that said--To a man with a hammer, everything looks like a nail. Food for thought.

17. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    69   12:42pm Fri 24 Jun 2011   Share   Quote   Permalink   Like   Dislike   tatupu70 says But monetary policy had only a very small, if any, role in the debacle. How? That is the root...without which all the sloppiness at the bank level couldn't have occurred. tatupu70 says I think it was Twain that said–To a man with a hammer, everything looks like a nail. I quote actual historical references and you choose to be blind to it...and the ignorance continues.

18. tatupu70 Follow Befriend (3) 15 threads 5,616 comments

    70   1:17pm Fri 24 Jun 2011   Share   Quote   Permalink   Like   Dislike (1)   austrian_man says I quote actual historical references and you choose to be blind to it…and the ignorance continues. OK--I give up. There will always be something you can blame. Wars caused bubbles before the Fed, but they stopped bubbles after the Fed.

19. clambo Follow Befriend (5) 1,070 comments Santa Cruz, CA

    71   12:26am Sun 26 Jun 2011   Share   Quote   Permalink   Like   Dislike (1)   Apple is making a deal with Chinamobile to sell them iPhones. Find out for yourself how many subscribers Chinamobile has. You do the math.

20. Clara Follow Befriend (10) 11 threads 169 comments San Bruno, CA

    72   7:01pm Fri 1 Jul 2011   Share   Quote   Permalink   Like   Dislike   Regarding the concerns: - ipad clones getting very good ^-- I don't think the clones are that good. It can't replace ipad - Google is entering the market ^-- Yes, Google is there but I played with several different tablet. They don't have what Apple has. The User Experience and the way the ipad device touches the user's heart & mind. Google don't have 'it'. - iphone and droid sales currently about even ^-- iPhone don't have to grow tremulously, just steadily will just be fine for Apple to be very profitable - product shortages for apple coming ^-- Not a bad thing, it drives demand and higher revenue. I am sure they know the pros and cons of factory ramp-up. So, this is priced in already (to me) - chart looks identical to Google in late 2007 ^-- Past result from a different company cannot be used to judge Apple. They have a very different philosophy behind what they do. I have both Apple & Google stocks and I think they will both prosper. Nokia, RIMM, Motorola etc, I don't know.. Long on Apple & Google.

21. clambo Follow Befriend (5) 1,070 comments Santa Cruz, CA

    73   8:44pm Fri 1 Jul 2011   Share   Quote   Permalink   Like   Dislike   Thunderlips, I have been to China. There are 1000 million poor people. There are still 300 million who have a few bucks to spend. Having seen human nature in other situations, people who have had less in life are MORE brand conscious than you or I are. I for example can own a virginmobile android phone and do not care, but my friends in China all want Apple. My father and my neice and nephew are also unsatisfied with anything less than Apple. My friend in Mexico was ecstatic with her little iPod I bought a couple of Christmases ago and gave her. My Chinese girlfriend from Shanghai told me that it seems crazy to her how Chinese struggle to buy Apple products. But, she herself is also extremely brand conscious. She will give her parents in Shanghai an Apple computer so she can video chat with them, although any crummy windows paperweight will suffice. She would not insult them with a Dell hunk of junk. Apple will go to at least $500/share in a few years. Depending on Jobs' health, it could be $1000 in a few more. Women decide in China what is bought in the household. For better or worse,a guy in China must shuck out the dough if he has it. Think about it, has your girlfriend ever asked you if you had paid for your retirement or health insurance or PG&E before she requested the lobster at that restaurant?

22. FortWayne Follow Befriend (13) 102 threads 3,762 comments

    74   8:57am Sat 2 Jul 2011   Share   Quote   Permalink   Like   Dislike   I've heard Chinese women were tough, but I never knew they were this tough.

23. Clara Follow Befriend (10) 11 threads 169 comments San Bruno, CA

    75   2:59pm Sun 3 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   China cheap labors are not going away soon. I don't think China bubble will burst anytime before 2020. That is my conservative prediction. Here are my reasons: 1. Lots of "develop-able" lands still available in the major cities still. They won't run out of lands and drive up housing price in an uncontrollable way 'yet' 2. China government is a dictatorship government. They can totally control the market inflat or deflat. They own the banks, they have controlling power in contruction companies, they own the land. In another words, they set the price. 3. From my observation, Mainland Chinese people are very submissive, too submissive. When the housing prices are so crazily overpriced, they won't necessarily speak up or boycott, or no way to. It's communist country. They will just quietly try to make more money in order to get enough downpayment. 4. The goal of every Chinese adult is pretty much the same: "Make as much money as fast as possible in anyway I can so I can buy houses." 5. Private contruction company work CLOSELY with the government and they always negotiate behind close doors on how to re-collect lands from the poor and build skyscrapers with it. They have full control to fill the demand. The housing bubble is still has a long way to go. It's still on the upward trend.

24. clambo Follow Befriend (5) 1,070 comments Santa Cruz, CA

    76   11:38pm Sun 3 Jul 2011   Share   Quote   Permalink   Like   Dislike   6. Chinese won't change their minds, they have already decided that an empty apartment in an empty new city is a good "investment". 7. Chinese do not have access to other investments, e.g. mutual funds. 8. Chinese reinforce each other and independent thought is uncommon, i.e. "everyone else is buying empty apartments, I need to do so also." 9. Chinese know that many stocks in China are a scam, a la Sinoforest. 10. Chinese women decide what is done with money in Shanghai and other cities in China. There are fewer women than men, women call the shots. Men do whatever it takes. 11. In Shanghai it's common for the woman to have A. all the money B. man cooks etc. "The husband washes the woman's panties." 12. I dated a woman from Shanghai. She would work 7 days a week, 10 hours per day to make a bad money decision and later would never ever say she made any mistake of any kind. "I was wrong" or "I made a mistake" may be impossible for a Chinese woman to say.

25. Vicente Follow Befriend (8) 203 threads 4,403 comments Davis, CA

    77   5:44am Tue 19 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   How did short plays go? I have been on vacation almost a month not watching stocks. But pleased to see my AAPL doing fine.

26. inga_feller Follow Befriend 2 comments

    78   6:18am Tue 19 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   Vicente says How did short plays go? I'm guessing that's a rhetorical question? Or just a poke with a sharp stick?

27. corntrollio Follow Befriend (5) 27 threads 2,073 comments

    79   12:13pm Tue 19 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   clambo says Having seen human nature in other situations, people who have had less in life are MORE brand conscious than you or I are. I for example can own a virginmobile android phone and do not care, but my friends in China all want Apple. My father and my neice and nephew are also unsatisfied with anything less than Apple. This is true in many foreign countries, particularly developing countries. The reason is that they are used to such crap quality products from local manufacturers. When they see a brand name on something, it can be a proxy for quality, and once people figure out a brand, they stick with it. It's similar for Sony products. You can't just get someone a Panasonic walkman (they still make those overseas, I believe, although I believe they don't sell them in the US any more) or discman, or they'll say, "my dumbass cousin got me a cheap piece of crap"; you have to get them the Sony brand, even if you get them the cheapest base model Sony vs. a fully loaded other brand. I've noticed similar things about iPhones, although a lot of foreigners don't realize that you can't get iPhones here without a contract without a much higher price.

28. FortWayne Follow Befriend (13) 102 threads 3,762 comments

    80   3:19pm Tue 19 Jul 2011   Share   Quote   Permalink   Like   Dislike   Iwog how much did you lose on that gamble? http://finance.yahoo.com/q?s=AAPL&ql=1 news came out today that their profit doubled.

29. burritos Follow Befriend 52 threads 269 comments Newbury Park, CA

    81   10:15pm Tue 19 Jul 2011   Share   Quote   Permalink   Like   Dislike   Apple was my first stock I ever bought in 1996 for my Roth IRA. 2k was my initial investment. Unfortunately I've sold about 1/3 of my shares throughout the years. Still I'm not complaining about my 1300% return over 15 years. Not bad for my 2nd best investment.

30. Vicente Follow Befriend (8) 203 threads 4,403 comments Davis, CA

    82   10:25pm Tue 19 Jul 2011   Share   Quote   Permalink   Like   Dislike   inga_feller says Vicente says How did short plays go? I'm guessing that's a rhetorical question? Or just a poke with a sharp stick? Well I wanted to see if iwog pulled the eject handles before the blip or if he went down with his plane

31. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

    83   11:28pm Tue 19 Jul 2011   Share   Quote   Permalink   Like   Dislike   masayako2456 says Long on Apple & Google. Good luck with your Google... http://www.wordstream.com/articles/most-expensive-keywords

32. relph Follow Befriend 1 comments

    84   12:28am Wed 20 Jul 2011   Share   Quote   Permalink   Like   Dislike   I always learn something new here. The #20th highest CPC on El Goog is 'Cord Blood'.

33. clambo Follow Befriend (5) 1,070 comments Santa Cruz, CA

    85   1:51am Wed 20 Jul 2011   Share   Quote   Permalink   Like   Dislike (1)   Chinamobile has 600 million subscribers, and Apple is making a phone to sell to them. Oh boy.

34. FortWayne Follow Befriend (13) 102 threads 3,762 comments

    86   8:46am Wed 20 Jul 2011   Share   Quote   Permalink   Like   Dislike   Vicente says inga_feller says Vicente says How did short plays go? I'm guessing that's a rhetorical question? Or just a poke with a sharp stick? Well I wanted to see if iwog pulled the eject handles before the blip or if he went down with his plane “Eagles are dandified vultures” - Teddy Roosevelt He mentioned that downside wasn't that big so if he lost he didn't lose much.

35. iwog Follow Befriend (48) 273 threads 12,494 comments 47 male Lafayette, CA Premium

    87   3:41pm Fri 22 Jul 2011   Share   Quote   Permalink   Like   Dislike   Vicente says Well I wanted to see if iwog pulled the eject handles before the blip or if he went down with his plane iwog says I'm also selling May $350 calls I made more than enough on the $350 calls to cover the other bets. They expired worthless back in May. Overall I'll make a couple of thousand. Not a jackpot, but not a loss either.

36. B.A.C.A.H. Follow Befriend (6) 5 threads 2,359 comments

    88   1:31pm Sun 24 Jul 2011   Share   Quote   Permalink   Like (3)   Dislike   Organizations that act like they're on Top of the World, Top of Their Game, brash enough to take on Big Showy Initiatives like Communist China hosting the Olympics, or Apple erecting a showpiece HQ on some of the most expensive land in California, sound like they've reached their peak and so the only way to go from here is in decline. I will never forget the broadcast I heard a decade ago on NPR, about how we had achieved a new era of Pax Americana, an Era of The American Empire. Eerily, the date of the broadcast was September 10, 2001. http://www.npr.org/templates/story/story.php?storyId=1128633 Thomas Donnelly * Deputy Executive Director, Project for the New American Century Joseph Nye Victor Davis Hanson *Author of several books most recently, Carnage and Culture: Landmark Battles in the Rise of Western Power (Doubleday, 2001) *Professor of Greek, California State University, Fresno The Unites States has military forces in many countries around the world. And despite promises to cut back on military commitments, President Bush has decided to maintain the U.S. force in countries like the Balkans. Is it time to abandon euphemisms and hail the establishment of the American Empire?

37. pseudosea7 Follow Befriend 2 threads 9 comments

    89   11:44pm Sun 24 Jul 2011   Share   Quote   Permalink   Like   Dislike   What are you going to do with all that money you'll gain? People always wants their money to work for them, so I'm assuming that you're not going to stash your cash between your mattresses or rest it in the bank where it earns less interest than inflation. When the economy was doing well people placed their money in housing. When housing started to turn they cashed out and placed it into the stock market. When the stock market crashed, they placed it in gold. People always needs a sure thing to place their money in. I'll tell you where I'll place my money if it lands on my lap... Apple. (LOL...you know I'm joking right :-) ... the best of luck with your ventures)

38. FortWayne Follow Befriend (13) 102 threads 3,762 comments

    90   9:01am Mon 25 Jul 2011   Share   Quote   Permalink   Like   Dislike   pseudosea7 says When the economy was doing well people placed their money in housing. Thats worse than putting it under the mattress.

39. immigrant Follow Befriend (1) 1 threads 20 comments

    91   3:52pm Wed 24 Aug 2011   Share   Quote   Permalink   Like   Dislike (1)   Steve Jobs resigns as the CEO http://finance.yahoo.com/news/Apple-says-Steve-Jobs-apf-3667841820.html?x=0&.v=4

40. Vicente Follow Befriend (8) 203 threads 4,403 comments Davis, CA

    92   3:53pm Wed 24 Aug 2011   Share   Quote   Permalink   Like   Dislike   I picked a bad day to stop sniffing glue.

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