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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (140926)	9/17/2012 8:18:46 AM
From: rnsmth	Respond to of 213176

<<April 800s look really good to me.>> I have April $650 and $700's $800's are farther out of the money than my comfort zone :) I know folks who do that, though.

To: Cogito who wrote (140926)

1/24/2013 3:49:54 PM

From: zax

6 Recommendations Read Replies (1) | Respond to of 213176

Message #140926 from Cogito [to rnsmth] at 9/17/2012 12:37:38 AM

I am starting to view it as running a Growth and Income fund :)

You've certainly managed the growth part over the past couple of years.

If I had money to invest right now, I think I'd put it into out of the money AAPL calls and/or LEAPS. I'm confident enough that the company will keep growing, and sanguine about the downside risks.

April 800s look really good to me.

Reuters put it so eloquently today, Cogito:

Message 28685052

Apple's disappointing earnings report and its subsequent 10 percent-plus stock market fall on Thursday are a timely reminder that there are a lot of idiots out there.

The issue - and your source of risk as an investor - isn't just Apple, but rather the panting hoard of trend following investors who drove its stock price so far above a reasonable valuation.