Nice timing...

I'm out of long trading positions as well, move to cash.. load some puts on my cyclical stocks.

Ready to ride this thing down.. hoping for at least 5% pull back here.

One of the reasons i sell was the upcoming jury verdict on the Samsung case. This pose a huge opportunity/risk as the stock will trade up/down significantly depending on the jury's verdict. I did contemplate to long a straddle position but decided to wait for the news to break out before making any move. Don't get me wrong, i am still a long term AAPL bull. in the next 2-3 years this is going to be a trillion dollar company. Now waiting for a good entry point.

http://www.foxbusiness.com/technology/2012...-samsung-trial/

This the update on AAPL just an hour ago. According to the report, AAPL has a higher chance of winning.

A ban on Samsung will shoot AAPL to another sky high level.

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Added on August 22, 2012, 9:16 pmCoach, Inc. to pay out dividend on month of October,
buying it now will get you a $0.30 per common share.
Moreover it is currently close at a 5-days low of 50.04.

What are your thoughts?


This post has been edited by halofujima: Aug 22 2012, 09:16 PM

Don't be surprised.. investors could SELL the news..

Is this for trade only (if you're looking at 5 days)? Chart looks pretty bearish...
Div. yield of only 2.10% - imo, not attractive like others.

This post has been edited by danmooncake: Aug 22 2012, 09:21 PM

Agree, but we as consumers would know the obvious.
Only the jury will be fooled. That is why I say a higher chance of winning.

But Samsung defense is, I hereby quote-unquote:
"Rather than competing in the marketplace,
Apple is seeking a competitive edge in the courtroom," Verhoeven said.
"(Apple thinks) it's entitled to having a monopoly on a rounded rectangle with a large screen. It's amazing really."

So by saying this, My LG television does look similar to my Sony TV

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Added on August 22, 2012, 9:50 pmYesterday Coach Inc close @ 54.83. If you bought it and can hold till after 6th September, it means you bought the share value of 54.53 at that point.
1month high is at 62.
3 month high is at 70.
Low at 48.

This post has been edited by halofujima: Aug 22 2012, 09:51 PM

Yeah but hold two weeks.. only get 30c?

There are stocks that can give you more than $1 move within a day..
if for trading purpose..it can make you more money that way.

I am back in AAPL 2013 Feb calls big time. That is the sweet spot as Q1 ER will be around end of Jan. Pppl will be scrambling to buy feb calls by then. Might roll my leaps to feb calls too.

Frack!! US Feds are intervening again... got stop out of Puts.
They're not letting this thing go down yet.
All pumping on hot air now..

Qe3 when s&p hit 4 year high?

Give me a break

Thank goodness for the pull back tonight.. market realized that not cheering for the Fed's a good thing.
What a head fake.

Now, let continue on more pull back here.
$SPX short term target = 1385.. (15 pts to go)

I also realise that J2T has the lowest fees. Does this platform reliable or good enough? I remember someone else told me that some of the platforms out there, the live price is updated slower than Google Finance?

Dow broke its 20MA

S&P 1385 not enough lar

Hopefully we'll see some support at the 50MA

Just like other leading online brokers, J2t is also protected by SIPC which safeguards investors assets in the event of firm closure. Both J2t and GF are realtime; users might experience slight differences in data refresh and these might due to "end user" factors such Internet connection, user's device performance etc.

Some urls for your reading pleasure..
http://www.just2trade.com/about_us/security_and_insurance
http://www.sipc.org/

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I think some people have said J2T has horrible uptime, response and bad customer service. Unfortunately, I don't know if true since I don't use 'em.

Depending on how often and size of your trade... certain commissions plan (eg. from MBTrading) can be worth it.
Eg. MBT just charge me $1 for each 100 shares to trade. But, if you've large volume, look for flat-rate prices (eg. TDAmeritrade.. $10 commission for 1million shares in a single transaction )

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Added on August 24, 2012, 9:47 amWell, I hope it will walk itself down the stairs.. and not waterfall.
Usually, if it goes whoosh.. the bounce back is equally hard.



This post has been edited by danmooncake: Aug 24 2012, 09:47 AM

Thank you for the replies

[quote=danmooncake,Aug 24 2012, 09:44 AM]
I think some people have said J2T has horrible uptime, response and bad customer service. Unfortunately, I don't know if true since I don't use 'em.

Depending on how often and size of your trade... certain commissions plan (eg. from MBTrading) can be worth it.
Eg. MBT just charge me $1 for each 100 shares to trade. But, if you've large volume, look for flat-rate prices (eg. TDAmeritrade.. $10 commission for 1million shares in a single transaction )

Which platform do you use?

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Added on August 24, 2012, 5:29 pmAn update on Samsung-Apple Trial (Korea)

http://thestar.com.my/news/story.asp?file=...ec=reutersworld


This post has been edited by halofujima: Aug 24 2012, 05:29 PM

MBT. So, I like it because it's cheap... for low volume trade or quick day trade if you want to scalp.

For large volume.. I like TDAmeritrade ($10 for unlimited number of shares per transaction).

Update Friday Aug 24 evening:
SPX drops to 1398.. bounced back hard. Got back above 1405.. bumped into resistance 1409. Dead cat bounce.
Need SPX to settle between 1405 and 1409 into close, otherwise the bulls will take back control.

This post has been edited by danmooncake: Aug 24 2012, 11:59 PM

AAPL getting ATH on the verdict. Lucky I got back in the calls. Up huge. Thank you Samsung!

http://www.latimes.com/business/la-fi-appl...0,6199547.story

1billion! Gonna go up on monday!

I don't think I will expect "huge" up for AAPL because the expectation is already there for AAPL to win.
AAPL got awarded half of their monetary claims (despite winning 6/7), Samsung will appeal the verdict, and if they settle (both Giants still have to work together for other stuff in the market, ironically AAPL cpu is made by Samsung), it could be less than 1 bln later. Anyway, 1 bln is probably like nothing to both of these companies.

This post has been edited by danmooncake: Aug 26 2012, 10:23 PM