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Wait till earnings announcement. Could be a disappointment.

by btian 14y ago

ajaymehta 14y ago
Thanks. But do you think it'll gap up on Tuesday when markets open?
- btian 14y ago
  I don't know. Earning conference call happens at 5pm EST, after the market closes. Just saying that if you're an investor as opposed to a short-term trader, there isn't that much difference between 500 and 550 if it's going up to 1000, and there isn't much difference between 500 and 450 if it's going down to 200. Of course many people will disagree but hindsight is always going to be 20/20, and many people like to pretend that they know something.
  - ajaymehta 14y ago
    Right -- good call. Thanks for the advice.
confluence 14y ago
The way both of you are talking about trading this stock indicates that you both aren't qualified to trade. But then again - there aren't any tests to pass before one can trade - so trade away. But remember - you both look like dancing pigeons to professional traders (http://rationalwiki.org/wiki/Skinner_box http://rationalwiki.org/wiki/Skinner_box).
- btian 14y ago
  I already own 10 shares of AAPL way before it went up to 500/700. Not selling anyway. Just saying... I'm not a trader in any way or form.
- _croz 14y ago
  > The way both of you are talking about trading this stock indicates that you both aren't qualified to trade. But then again - there aren't any tests to pass before one can trade - so trade away. But remember - you both look like dancing pigeons to professional traders Professional traders like this cat? http://www.npr.org/blogs/money/2013/01/14/169326326/housecat-beats-investors-in-stock-market-challenge http://www.npr.org/blogs/money/2013/01/14/169326326/housecat...
- encoderer 14y ago
  Oh, come on. It's not hard to make money in the market. It's not hard to see real, after-tax, inflation adjusted gains. Carefully picking companies in a buy-and-hold strategy is a reliable place to park your money for 3-8% growth. These guys aren't pretending to be day-traders. Looking at fund performance, as I'm sure you know, very very few managed funds beat the market with any consistency. There's too much hand-wavy "the big banks and funds play the little guy as a pawn" paranoia. Yes, you can make yourself a pawn by trying to play Gordon Gecko with your E-Trade account. But cost-averaging into a stock that you chose and believe in is both effective and open to everybody. And who knows. There are well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds and IBanks missed.
  - ajaymehta 14y ago
    Thank you.
  - thingylab 14y ago
    Care to share one of these "well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds and IBanks missed" ?
    - encoderer 14y ago
      http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827 http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0...
      - confluence 14y ago
        None of them were amateurs.
        encoderer 14y ago
        BS. http://en.wikipedia.org/wiki/Cornwall_Capital http://en.wikipedia.org/wiki/Cornwall_Capital They started with $100k pooled together from 3 guys' life savings. How much did they make? Exactly. The wikipedia article, short as it is, covers through 2010 when that $100k grew to "100 to 300 Million." Read the latest write-up of them in FT. It's a billion dollar venture now.

Wait till earnings announcement. Could be a disappointment.

by btian 14y ago

Wait till earnings announcement. Could be a disappointment.

ajaymehta 14y ago

Thanks. But do you think it'll gap up on Tuesday when markets open?

btian 14y ago
I don't know. Earning conference call happens at 5pm EST, after the market closes. Just saying that if you're an investor as opposed to a short-term trader, there isn't that much difference between 500 and 550 if it's going up to 1000, and there isn't much difference between 500 and 450 if it's going down to 200. Of course many people will disagree but hindsight is always going to be 20/20, and many people like to pretend that they know something.
- ajaymehta 14y ago
  Right -- good call. Thanks for the advice.

confluence 14y ago

The way both of you are talking about trading this stock indicates that you both aren't qualified to trade. But then again - there aren't any tests to pass before one can trade - so trade away. But remember - you both look like dancing pigeons to professional traders (http://rationalwiki.org/wiki/Skinner_box http://rationalwiki.org/wiki/Skinner_box).

btian 14y ago
I already own 10 shares of AAPL way before it went up to 500/700. Not selling anyway. Just saying... I'm not a trader in any way or form.
_croz 14y ago
> The way both of you are talking about trading this stock indicates that you both aren't qualified to trade. But then again - there aren't any tests to pass before one can trade - so trade away. But remember - you both look like dancing pigeons to professional traders Professional traders like this cat? http://www.npr.org/blogs/money/2013/01/14/169326326/housecat-beats-investors-in-stock-market-challenge http://www.npr.org/blogs/money/2013/01/14/169326326/housecat...
encoderer 14y ago
Oh, come on. It's not hard to make money in the market. It's not hard to see real, after-tax, inflation adjusted gains. Carefully picking companies in a buy-and-hold strategy is a reliable place to park your money for 3-8% growth. These guys aren't pretending to be day-traders. Looking at fund performance, as I'm sure you know, very very few managed funds beat the market with any consistency. There's too much hand-wavy "the big banks and funds play the little guy as a pawn" paranoia. Yes, you can make yourself a pawn by trying to play Gordon Gecko with your E-Trade account. But cost-averaging into a stock that you chose and believe in is both effective and open to everybody. And who knows. There are well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds and IBanks missed.
- ajaymehta 14y ago
  Thank you.
- thingylab 14y ago
  Care to share one of these "well told stories of amateur investors making literally billions of dollars finding holes in option contracts that the hedge funds and IBanks missed" ?
  - encoderer 14y ago
    http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827 http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0...
    - confluence 14y ago
      None of them were amateurs.
      - encoderer 14y ago
        BS. http://en.wikipedia.org/wiki/Cornwall_Capital http://en.wikipedia.org/wiki/Cornwall_Capital They started with $100k pooled together from 3 guys' life savings. How much did they make? Exactly. The wikipedia article, short as it is, covers through 2010 when that $100k grew to "100 to 300 Million." Read the latest write-up of them in FT. It's a billion dollar venture now.