If the trademark thing is true, it's certainly news to me. I would also take the side of the bet that says Apple gets nowhere with it if indeed they are thinking along those lines. The only patent infringement cases that I'm aware of is the one they just settled with Nokia with Apple agreeing to pay licensing fees to Nokia for key patents. The other is the one they filed against Samsung which I understand is in the throws of getting resolved. Many were surprised Apple sued in the first place both because their case seemed to lack merit as well as because Samsung is a major supplier to Apple.

Have a look at this article, It doesn't put Apple in a favourable light concerning their approach:
(http://www.pcmag.com/article2/0,2817,2383820,00.asp)

As far as other consumers ("as the world grows") and "gadget-obsessed Asia" replacing the ailing American consumer goes, I would agree if they word "eventually" was inserted in there,  but we're many many years away from that "eventually" point in time however. The world became addicted to the vast appetite of the American consumer, one that was fueled by the greatest real estate bubble ever known to man. The bubble has burst and the American consumer is bust, corporations need to readjust, there are no quick fixes or miracles.....until the day when eventually emerging market economies can take over. We're a long ways from that point in time yet, if ever........scarcity of resources and in particular OIL will have a big say in the insane rate of growth we've witnessed so far from some of these EMs, but that's an entirely different debate for another time.

For starters take Japan out of that growth scenario, their demographic and status of their economy (bad and getting worse) will not support a growth scenario for Apple. Europe is slightly better but not far behind. UK don't even go there. That leaves the emerging markets. What's the average annual income in China? What about Vietnam? How about the rest of the Asia-Pacific countries? IT'S CALLED WAGE ARBITRAGE FOR A REASON.

Here's an article worth reading asking the question "What's happened to Apple's stock?":
http://money.msn.com/stock-broker-guided/article.aspx?post=720348bd-5ce7-4442-a527-15fe6ae3fbef

It depends on your definition of "summit".

$350

If you are referring to me, the trade was closed in profit long ago. It's all up on this thread if you want to check it.

I'm glad you posted though, how's that gold to $1,250 call working out for you?

Benny is noise

Whippet is a child

End of fight

come on, learn to take a joke menelaus [;)]

Seriously though, was just watching the film "rogue trader". Reminds me a lot of menelaus's trading style. Hide all the AAPL losses in the 88888 account eh mene? Ok, enough joking for now.

I'm honoured you think I have potential, although potential for what exactly I'm not sure? Perhaps you should take me under your wing and hire me as your assistant? I will work for a 5 figure salary and am good at starbucks runs. Let me know and I will forward my CV.

As for that gold call, looks like I have been broadsided by that fat guy with a beard again, touche. Lesson learnt.

That aapl short was a complete train wreck, yet menelaus sees it as WINNING! He's the Charlie Sheen of the forum.

This forum is the only place when someone can post a short at $350, then close the position at $332, post everything before hand, and the trade be considered "a train wreck". I think the fanboy's brain has been fried downloading too many apps on his ipad.

unitedbiscuits, one of these days you may clue in that I didn't short 18 months ago. I shorted around $350, got out exactly at the right time around $332. That's all I care about.

Exactly what I was thinking FAFH.

The way this trade was sold to us was that AAPL is a mugs company, overvalued in the extreme, etc etc.

Based on this info, it was a sure thing to half or more in price.

In reality all that happened was the price declined by a few %, not based on any of the above reasons, but because the entire market was in turmoil.

As I asked at the time, why AAPL? I can guarantee you could have found a hundred other companies to short who would have declined at least as much, if not more than AAPL, over any timeframe you can think of.

In the end, we learnt that this was actually a short term trade, and infact, actually underperformed the index it is part of

See here for the chart: AAPL -4.71%, NASDAQ -5.25%, DOW -2.16%.


http://www.google.co.uk//finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1308340800000&chddm=17595&chls=IntervalBasedLine&cmpto=INDEXDJX:.DJI&cmptdms=0&q=NASDAQ:AAPL&ntsp=0


Menelaus posted his Massive short AAPL on April 14th:


"Menelaus
14 Apr 11 12:50
Here's my position: MASSIVELY short AAPL"


Menelaus
17 Jun 11 16:44
Closed positions.


I ask again, why AAPL?

Aren't there a few hedge funds out there that pretty much specialise only in big time shorting ?
The guy that successfully shorted Enron, tried to do the same with AIG ?
Is it Jim Chanos or something like that ?. I forget tbh.
Or is it David Einhorn ?. He shorted Lehman Bros. didn't he ?. Or was it Bear Stearns ?.
I profess I don't know the players intimately and/familiarly like you must and do.

Winning! ?
Well hardly, Menelaus. By choosing really auspicious days to open and close your trades you have made less than someone who simply kept his stock. Meanwhile anyone unlucky enough to have followed your advice for any of the reasons stated in your argument has basically thrown money away.

On second thought, you do know what shorting a stock is, yes?

I averaged up while shorting but that's neither here nor there.

Let me ask you a question that a five year old should able to answer.

If you are sitting on a pile of AAPL and I advise you to GET OUT SHARPISH at $339 and then buy back your lot at $332 when the trade was closed, are you further ahead or worse off?

I hope unlike Whippet you DO have grade three math.

If you ever find them, please point them out to me.

Lot's of "legends" (Einhorn, Paulson, etc.) have made massive profits from timely shorts but they don't specialize in shorting. In the overall scheme of things, they have as many, if not more, long positions as they do short. They are professional traders, not professional shorters. No such thing.

unitedbiscuits is right.

Melly, your reasons for shorting AAPL in the first place were perfectly good and valid. The problem is the way you phrased it you were clearly after a massive long term drop. Why would anyone go into detail about Profit margins, revenues, etc etc, if in reality, all they were after is a small -3.79% drop off the back of the sovereign debt crisis?

In short, the reason you had a successful trade, was nothing to do with the reasons you entered the trade in the first place.

I've seen you accusing other people of this time and time again, particularly ben. Time to man up and admit you were clueless this time I think.

Avoiding the question again. I honestly thought you were better than this. What you are doing now is akin to sticking your fingers in your ears and shouting LA LA LA LA LA.

Menelaus, you seem to be adrift in a very wide and deep river in Africa.



De Nile.

Yes, since you ask. Buy Apple.

It's not original tho, I said it on here in April.

Menelaus, you may advance 50 yards in the trenches and claim a firic victory but Apple fans are flying over your head in aeroplanes. You'll never get back the money you have lost by cementing your anti-Apple stance.

Funny how you didn't start the thread until the price had gone to $339 on April5th., when it was all looking so promising.