time to short apple computer

[jdub6810]

the speculators started in on this play today, short it before it gets below 200.

I think this stock is a bloated pig. The iPad is not an innovation, its window dressing on a product that is a proven failure in the market. Nobody needs a tablet PC with the glut of hardware out there. It will sell. gamers will want it. But it will have much higher expectations than it should get & in a year i expect the press to talk about it in a disappointing way. besides $500 is an absurd price for a web browser, game console/book reader. it is best price $199 & until it gets there will not sell like crazy.

its blowout earnings was based on an iphone accounting gimmick.

its price points in a difficult economy are bullshit. i know their whole strategy is like luxury branding, its always been that way. Its a reason bill gates grabbed all the market share in the 80s. Apple will always be niche but until the economy really improves, its product is overpriced & the mass consumer will look for cheaper competition.

if you were smart enough to get in apple in 2005, you should be smart enough to get out in 2010.

 

[erwinmark]

That's a bus that you don't want to get in front of. Smoked a ton of traders, but give it a try!

 

[UltF]

Like the above reply says, you can get burned really bad. Yes its an overhyped product. And yes they are a cult of exaggerating know-it-alls.

But the iphone is the new Razor. It's the best phone ever. I'll never buy one because of how I feel about Apple, but Apple grabs followers and doesn't let them out. Ridiculously long contracts, prettiest computers, their own music format, amazing customer service of American average-Joe's.

Their market share of computers has been growing steadily ever since I can remember to over 10% now. And I think they also sell over half of all computers costing over $1000.

This is one (unimportant) product and won't make or break them. It is just a fight for the niche of people that really want to write on their computer screen.

There are better stocks to short by miles. Like banks and airlines without ties to congress.

I think shorting Apple will only make you money if the whole market goes down.

 

[jdub6810]

dropped 8 points to 199...train is pulling out of the station...fast!

 

[Hitman26]

So far so good. Tough to call tops in top notch stocks, but when you do you can really clean up.

 

[Dawoofdaddy]

the speculators started in on this play today, short it before it gets below 200.

I think this stock is a bloated pig. The iPad is not an innovation, its window dressing on a product that is a proven failure in the market. Nobody needs a tablet PC with the glut of hardware out there. It will sell. gamers will want it. But it will have much higher expectations than it should get & in a year i expect the press to talk about it in a disappointing way. besides $500 is an absurd price for a web browser, game console/book reader. it is best price $199 & until it gets there will not sell like crazy.

its blowout earnings was based on an iphone accounting gimmick.

its price points in a difficult economy are bullshit. i know their whole strategy is like luxury branding, its always been that way. Its a reason bill gates grabbed all the market share in the 80s. Apple will always be niche but until the economy really improves, its product is overpriced & the mass consumer will look for cheaper competition.

if you were smart enough to get in apple in 2005, you should be smart enough to get out in 2010.

This so far has been a VERY impressive call. You are sitting on a $15 per share profit in a couple days.

You could place a buy to cover stop limit with a nice gap in it around $200 and sit on cruise control now and see how far it drops.

Again, a very impressive call Jdub.

 

[jdub6810]

thank you woofdaddy, AAPL down another 7 today to 192 - perfect timing!!! If this market gets real shitty this stock has lots of downside!

arty:

 

[8ate]

It was a nice short; psychologically; I could not take any more downs in my 401K; so I went 100% Money Market Funds; now I am the world's worst market timer, but it seems to me that the "borrowed time" from cash for clunkers, 8K for home buyers; etc. stimulus gimmicks; are getting old and are being exposed as frauds...

Probably not yet the real crash; but who knows; would you really be surprised to see a 5-10% down day in U.S. equities???

jmho

gl..

 

[Dawoofdaddy]

aapl pushing back to high 190s. im not short this stock, but jdub if you are, i hope you have some type of buy to cover stop placed to protect your gains.

 

[DeathEatsaCracker]

I hope it keeps dropping for the sole reason that I find most Mac owners to be smug pricks.

 

[festeringZit]

I hope it keeps dropping for the sole reason that I find most Mac owners to be smug pricks.

smug prick... hmm......

 

[sheaven77]

I hope it keeps dropping for the sole reason that I find most Mac owners to be smug pricks.

lol

 

[erwinmark]

Still hanging in there? I told you this is a bus you don't want to get in front of.

 

[valium]

Still hanging in there? I told you this is a bus you don't want to get in front of.

Jdub said to short aapl on 1-27 the stock was 207. Today 2-11 the price is 199. The bus is far from running him over so far.
You one of those that start running to the cashier window at the track when the horses are still at the eighth pole?

 

[erwinmark]

Jdub said to short aapl on 1-27 the stock was 207. Today 2-11 the price is 199. The bus is far from running him over so far.
You one of those that start running to the cashier window at the track when the horses are still at the eighth pole?

Based on 200 was the short, and as of today it is underwater. I know a few really good traders, and everybody who takes a shot at Apple gets it in the ass. SP is off 2.5% from 2-11 to now, so the correction in Apple is natural movement nothing to right home about.

I sold Apple at 90 several years ago, and never bought back in, but I had purchased it for 10 dollars a share and it had split 2 for 1. I wish I hadn't done that, but I have learned don't mess with Apple as long as Steve Jobs is running the show.

P.S. I don't make a peep when my horse is at the 1/th pole, win or loose!

 

[moneyinthabank]

short it

 

[jdub6810]

anything over 200...short...theres nothing fundamentally that will wow the stock to higher highs. The Ipad is a joke joke joke at $499.

 

[erwinmark]

Anybody on this now! I just want to hear if you are, just keeping score. Shorting cost lots of money, when you have a200 dollar stock!

 

[erwinmark]

Cover your shorts, or just loosing them!

 

[Dawoofdaddy]

Since it doesnt seem like you protected your early per share gains with buy to cover stop orders at or near 200.

Hopefully aapl drops again for you, but it sucks that you let a winner like this get away from you the first time.