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

To: sylvester80 who wrote (25385)

3/2/2013 11:59:14 AM

From: zax

1 Recommendation Read Replies (1) | Respond to of 32692

Investing retirement savings in AAPL call options... a highly unwise move.

After I pointed out months ago that rnsmth's published AAPL call option positions were deeply underwater, he saw fit to post a single position - admittedly the only of of his posted call purchases that could at that point have theoretically remained in the black. See below transaction - his post.

This one position now has a $21,000 loss from which one can conservatively estimate his Apple losses as five or six fold this. Not that accountability matters much to this type - you will always see the pot calling the kettle black, and to see rnsmth call others liars is truly the grain in the salt. But I think we can safely assume he will be realizing a six figure loss on AAPL when he comes to terms with the full gravity of his decisions.

If he has any sense, he won't push the loss into 2014. That would be just more compounding of reckless investing.

02/06/2012	YOU BOUGHT OPENING TRANSACTION
	-AAPL 140118 C600	CALL (AAPL) APPLE INC JAN 18 14 $600 (100 SHS)
Cash	Contracts: +10.000	Price: $28.00	Amount: -$28,087.20(includes commission

LAST: 6.800