Apple fanboys suckered me in

**disneysteve** · 03-07-2013, 07:18 AM

We have an iMac, two iPhones, an iPad, and a iPod Touch in our house (not counting older devices still hanging around but not in use) so we're doing our part. Unfortunately, I also bought AAPL over $500 so I'm right there with you.

**JoeP** · 03-07-2013, 07:33 AM

We're not hardcore Apple zealots, but we do have a few Apple products in our household. The only thing that's holding us back is that digital train wreck they call "itunes." I have more headaches with that piece of junk, trying to solve the infamous "An unknown error has occurred" error message, and trying to figure out why 98% of the space on my ipod touch is devoted to "other" when there is absolutely nothing on the device.

So if Apple would spend some time making iTunes more solid (you'd think we'd be there now after weekly upgrades), I'd feel more confident and buy more of their products!

**bjl584** · 03-07-2013, 07:34 AM

My advisor has been after me for months to buy Apple. $650, $600, $550, $500, $450, and down it goes. I told him that we should've been shorting it if anything. I'm glad that I never "bit" the AAPL.

**ukgaz** · 03-07-2013, 07:52 AM

With 40 shares of Apple and the introduction of Mini-options on March 18th (1 contract is 10 shares compared to the traditional 100 shares per contract) you will be able to sell 4 covered calls to reduce you cost basis/produce income. If the stock continues to drop just roll down for additional income but make sure you don't get assigned at the wrong time.

If the stock settles at say $350 with a dividend of $10.60 it would give a yield of around 3% which seems realistic.

All is not lost. Apple is a great company

**seen** · 03-07-2013, 12:19 PM

Originally posted by KTP View Post

Fortunately I have way offset this by setting up a Microsoft calendar spread of long Jan 2014 $23 calls and short July $27 calls back in December when it was crazy low.

Just curious since I've never actually done options but looking into it, in your case what would you stand to lose (net) in premiums if neither option is exercised (say msft hovers at $20)?

**KTP** · 03-07-2013, 02:10 PM

Originally posted by seen View Post

Just curious since I've never actually done options but looking into it, in your case what would you stand to lose (net) in premiums if neither option is exercised (say msft hovers at $20)?

$18,000 roughly

I have booked some profit and not paid tax yet on it though, so the real loss would be somewhere around $11,000.

Let us hope that Microsoft stays above $23, preferably above $27 so I get called away in July

**amarowsky** · 03-08-2013, 12:34 PM

Google all day. They been hitting non stop home runs and I would guess will continue to for the foreseeable future. Androids kicking ass , their search engine is almost in contested , their browser is in my opinion the best, and among others new endeavors here is the first stages in their go as an ISP . Google fiber.

https://fiber.google.com/about/ 1gb throughput monthly for only 70$ a month. For those who are unfamiliar with data rate/price this is amazing . im currenttly paying 71$ a month for 40mb which is still a good deal. Long live Google.

**KTP** · 03-08-2013, 01:08 PM

Originally posted by amarowsky View Post

Google all day. They been hitting non stop home runs and I would guess will continue to for the foreseeable future. Androids kicking ass , their search engine is almost in contested , their browser is in my opinion the best, and among others new endeavors here is the first stages in their go as an ISP . Google fiber.

https://fiber.google.com/about/ 1gb throughput monthly for only 70$ a month. For those who are unfamiliar with data rate/price this is amazing . im currenttly paying 71$ a month for 40mb which is still a good deal. Long live Google.

Yeah they said nearly all those same things about Apple last year...

**amarowsky** · 03-09-2013, 05:27 AM

Apple seems to be greedy though, Google in my opinion is a lot more gauged toward raising the general populations quality and access to information and communication. Just look at their mission statement alone. They are destined for a lot more success

**Slug** · 03-12-2013, 09:56 AM

Originally posted by disneysteve View Post

We have an iMac, two iPhones, an iPad, and a iPod Touch in our house (not counting older devices still hanging around but not in use) so we're doing our part. Unfortunately, I also bought AAPL over $500 so I'm right there with you.

I have just a nibble at $444.44. Not loading up on dips though.

**elessar78** · 03-12-2013, 10:21 AM

No concerns about the change in leadership at the top? The products were mainly Jobs' vision, right?

**KTP** · 03-12-2013, 10:24 AM

Originally posted by elessar78 View Post

No concerns about the change in leadership at the top? The products were mainly Jobs' vision, right?

Yes, I am sure the 35,000+ people working there have no ideas about future products.

**elessar78** · 03-12-2013, 10:29 AM

Originally posted by KTP View Post

Yes, I am sure the 35,000+ people working there have no ideas about future products.

I can't tell by your tone, but you sound instantly annoyed. I'm not trying to bait you. I think it's a fair question. I sometimes hate the internet. People are always on attack mode of super defensive.

I've used and owned Macs/Apples since the 80s. I love their product and own their stock indirectly in mutual funds. But stories are legion about the iterations of the first iPod that died on the vine with Jobs making the final call.

**KTP** · 03-12-2013, 11:16 AM

No, just annoyed when people think 1 person is behind every product at a major company.

Apple fanboys suckered me in