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

To: MGV who wrote (169848)	5/27/2014 4:20:00 PM
From: Ryan Bartholomew	Read Replies (1) \| Respond to of 213173

That is the response of someone who doesn't understand what he's shorting. If we weren't on opposite sides of the trade, I'd advise you to be careful and understand your exposure. Honestly, I would rather you put on more trades consistent with your represented conviction. I have never shorted Apple. I've been an Apple bear since early 2012 (a bit too early) and have taken various put option positions periodically since then. I've lost a lot, but gained more than I lost. Had I purchased AAPL in the fall of 2012, not including dividends, I'd be down. Had I purchased the broader market, I'd be up ~30%. No luck or market timing required. Very simple concept. If you don't get it, you'll have to agree to disagree. If you don't get it, you should stick with your bearish conviction and add to your puts as Apple has moved from 500 to 550 to 600 to 625. Apple is roughly where it was when I become bearish on them in 2012. Apples was, and still is, a risky stock in my opinion. Most of their profits come from one product that is growing global sales slower than the overall market, despite all the spin you can put on it about high-end and specific markets. If that trend continues, their profits could collapse in a manner similar to what is happening with their second flagship product, the iPad. I've done better with alternatives in the meantime. Maybe I'll prove to be wrong and they'll regain their mojo and start growing profits substantially again, but if not and they don't come up with something big and new soon, they're in trouble. Let's wait and see.