DISQUS

Zach Bass Hi Pam, thanks for your continued support. You are welcome to join the forum anytime you want. I'm sure there are many that would be glad to see you return, and others that are glad they now have an "Ignore" button.

Pam dollar exploding--oil sub $110...

just like I predicted in the google group before I was censored...

oh, wait, I'm sorry..

as I said in the google group before I was censored...

Pam everyone says this stock goes up 40% from sept to dec...

that won't chnage this year either

110 +44 = $154 year end priceand 40% appreciation from sept-dec--just watch how they shew the call and say they were right. Too bad the annual rate of return will be -24%--they won't mention that tho...

munster?

notice haw is doens't place a timeframe on the 240 call.

it'll happen in 2012 and he'll also be correct.

crazyhorse Typical liberal malcontent.

here is a vinegar and water for the dyke at the end of the bar.

crazyhorse cow

crazyhorse Yo babe.

I am making money.


And I don't go to site and spew venom because of losing money, being ugly, and just being a bitch in general

crazyhorse @ Pam

It is the stock market PAM!

Why don't you have the answer? You seem so insightful. So you tell us and get the fuck off your high pony!

I get tired or reading your anger laden diatribes.

I suppose you are a liberal neo-con hell bent on blaming not only the Bush admin but Zack for his positions.

If you can't take the heat...
GET THE FUCK OUT OF THE KITCHEN!

Zach Bass Ed, the link you added is quite interesting. Your comment to this post would have been so much more useful to the community of readers had you referenced it rather than bash unrelated items. The suggestion that a strong dollar may make it difficult for high fliers like Apple to compete on a global scale is certainly a legitimate concern. But my feeling is that the dollar has a long ways to go on the road to recovery before it would be considered a detriment. In fact, it's hard for me to imagine where a strong dollar would ever be a detriment. So, I guess I whole heartedly disagree with this assertion. Besides, I don't really see how it has relevance to the subject matter of this blog post, which is about trading strategies using options.

Ed, you find it necessary to use this venue to criticize my actions, but you have the perfect opportunity to help the community with your insights. Please stick to more constructive comments, or I WILL censor them. By the way, you may think this venue is your personal sounding board to say anything you like. Well it's not. So, while I'll be tolerant to a degree, there's only so much that I'll take before moderating you.

Shmid While it is true that there has been a lot of volatilty in the markets, thatvis not true for AAPL. The implied volatilty is at about 37, which is near YTD lows; so prices are "lower" for option contracts right now. I expect the volatility to increase with a pending deal with China and possible product refresh in September so now would be a good time to buy some oct calls where the premium should increase significantly as volatility grows and you are also limited to the downside because implied volitioity is unlikely to go much lower, so even if stock price goes lower a bit the premium will not lose much value.

Zach Bass I changed the stop to account for the increased volatility. Last week when I first suggested the trade, the indices had made clean breakouts from the wedge patterns that they were in. Then that breakout was essentially erased and we fell back into the wedge. So, I'm giving the trade more room, plus I'm suggesting other trade strategies that can be used separately or in conjunction with this trade to use the volatility to our advantage.

The Meta Secret Hi Ed,

If you are so pissed, why don't you just roll over? Why do you come here and rant when Zach don't even charge you a dime for sharing some insights of how he trades? You sound like some Guru so why don't you post some of your achievements or leave down your url. If not, just get lost, the sight of you makes me puke. You must have lost a lot to be so frustrated. If you can't take the heat, then don't speculate and stop coming here to bark like an insane hound.

Zach Bass Well, Ed, let me just say that I agree with you. I agree that I made a mistake with the construction of the alert. My thinking was to make the stop just above the 50 day moving average, which at the time was $169.74, so I made the stop $170. I now realize that I should have made it just below the 50-DMA at $169.

That makes more sense because one would expect that the 50 DMA is a level of support that if breached would make the risk:reward much smaller. So, I have to apologize for that mistake. The other mistake I made was that I should have spelled out "Stops on a closing basis." Although in this case the first mistake would have trumped that.

In either case, I am still holding my long, and believe it will work out just fine.

Zach Bass My standard operating procedure on stops is that they are on a closing basis unless there's an intraday reason to pull it, or otherwise noted. For example when there's a very tight stop I would recommend a trigger. But this is a swing trade with a longer horizon. Gotta let it breathe.

SEO Sometimes it is good to be debating in blog post, however it is not a advisable to go further by posting personal attacks.

crazyhorse ED,
and you are who?

Don't be a DICK ED.

You look like more of a ASS than a monkey!

tommo_uk Yes Ed, I'm unfortunately more than aware of Zach's modus operandi having had to put up with his TA blather on our own AAPL forum over at TMO.

Thom Hey Ed, where are you? Quit lurking and join the fun. If you like appleheads comments then support her. If you don't like Zack's analyisis then give a good counter. If you've noticed I've often said I felt he was too optimistic and given reasons. He has been gracious and cool about it. Don't just sit on the sidelines throwing spitballs, join the game.

FWI - I don't think the problem is appleheads opinion at all, it's how that opinion is articulated. From my experience all views are appreciated as long as they are thoughtful, pure passion doesn't cut it

Zach Bass I have been consistent about my call on the bottom, so I don't know what you are referring to. My position has been that 1200 on the S&P is the bottom. I have never wavered from that. What I did say was that it's possible that we revisit that bottom, but I believe it will be a difficult task of the Bears due to the factors I mentioned in today's post.

As far as the posters in the Wilderness Investment group, we have 540 members, of which a little more than 10-20% contribute to the conversation. That's approximately 50-100 posters, the old 80-20 rule. Within that group it follows the 80-20 rule again, where 20 percent of the posters typically log 80 percent of the posts.

Occasionally a poster will show some exuberance and go postal (little blogger humor). That's the case with applehead.