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Technology Stocks : Apple Inc.
AAPL 271.50+2.0%Nov 21 9:30 AM EST

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To: zax who wrote (151261)3/6/2013 10:18:26 PM
From: Trader J6 Recommendations  Read Replies (1) of 213173
 
Nope, I don't expect you to understand my reasoning ... or fundamental analysis. When you trade, many picks flop ... that's the nature of the beast. It's about being right more than being wrong and even more importantly, you can be fabulously successful by being a 50/50 trader.

As far as my investment in Apple ... as you know, my cost is in the $70s. As far as my trading in Apple, those long shares are free dozens of times over because of option strategies to take advantage of momentum and the trend ... not guessing at a direction because of some subjective mindset that doesn't amount to a hill of beans.

And, as you know, my M.O. is to cut losses as quickly as possible so the "flops" are minimized but the wins are extended runners. I don't care if this stock is labeled as AAPL, NOK, MSFT or WMT .... I'd be playing it exactly the same way until there exists reason not to.

And when I say "create value" it's not from my own perspective, it's a mass-market psychology and valuation call that rewards those traders (and investors) that can see the pattern. Subjective thinkers need not apply.

Cheers
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