Menelaus 22/4   : - "..and time will tell us who is right."


Indeed.

I can't win to save my life with you chaps. First the reasoning was flawed. That didn't work out. Then the prices were wrong. That didn't work out. Now the date I started the thread at the wrong time. Well, guess what, this is not going to work out either. Go back and check that I was shouting from the top of my lungs "going short" the day the stock poped after their earnings announcement. So what next?

Just to set the record straight, I'm not anti-apple, I'm anti-bubble. And the mania around this stock is starting to make the dotcom nasdaq 2000 bubble look like it was prudent.

unitedbiscuits, frankly you are starting to annoy me. You can believe what you want to believe I don't gine a toss. Anyone with a bird brain can go back and check it out instead of making things up as they go along as it seems is the route you've chosen to take here.

You are long apple. I understand that and I wish you luck with that since I don't have a position in apple at the moment so whichever way the stock goes is of little consequence to me. I hope for your sake that one of these days they announce a new product not just another iteration of the same icrap (I'm sorry to say that making the new iphone - what are we up to now, 4,5,6, I lost track - tapered with a bigger on/off button won't do it), that Steve Jobs lives forever, that the competition keeps tripping up in the tablet segment, that androids massive momentum slows down, that margin squeeze applies to everyone but apple, that their key market gets out of a recessionary death spiral, that their overseas sales continue to look better because of the weak dollar, that consumer deleveraging in the US affects everyone but apple, and last but not least the global financial system survives the massive bad debt burden it now carries, otherwise I might just get the idea that there's some risk there holding long.

Enough said on this subject, you can think what you want to think, I'm moving on..........and good luck.

Which part of I don't give a toss of what you think don't you understand?

Also, do you suffer from bipolar disorder?

unitedbiscuits Joined: 27 Jan 02
Replies: 855 21 Jun 11 09:21 
There's so much copy and paste quoting on here that it's drudgery trying to attribute anything to anyone in this thread except that Apple were $339 when Menelaus advised selling the stock and now they are $315.

unitedbiscuits, cut & paste this, print it and put in somewhere in your office where you can see it everyday. It may save you a lot of money some day.

You are long apple. I understand that and I wish you luck with that since I don't have a position in apple at the moment so whichever way the stock goes is of little consequence to me. I hope for your sake that one of these days they announce a new product not just another iteration of the same icrap (I'm sorry to say that making the new iphone - what are we up to now, 4,5,6, I lost track - tapered with a bigger on/off button won't do it), that Steve Jobs lives forever, that the competition keeps tripping up in the tablet segment, that androids massive momentum slows down, that margin squeeze applies to everyone but apple, that their key market gets out of a recessionary death spiral, that their overseas sales continue to look better because of the weak dollar, that consumer deleveraging in the US affects everyone but apple, and last but not least the global financial system survives the massive bad debt burden it now carries, otherwise I might just get the idea that there's some risk there holding long.

Look on amazed, Menelaus. Just because you don't understand what is happening, doesn't mean it's not reality.

i was expecting to read all sorts of comments already...
is everybody sleeping? :-(

johnnie walker - I think there's nothing more to be said now, the argument has been settled decisively.

Hope the shorters had tight stops.

melly gone bankrupt again

Menelaus
Date Joined:     03 Feb 05
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19 Apr 11 20:51 Joined: 03 Feb 05 | Topic/replies: 1,481 | Blogger: Menelaus's blog
It has nothing to do with volume. NASDAQ is a weighted index (unlike the DOW) with AAPL a dominant 20+pc weight. NASDAQ announced a rebalancing of the index reducing AAPL's weight to almost half of that. Combine this defensive action by NASDAQ with the Steve Jobs health situation, supply chain interruptions hitting earnings in Q4 and the overall US and global economy slipping into another recession and all the arrows are pointing SOUTH, not NORTH. When Americans are faced with a choice of filling their SUV's with petrol or buying an ipad, I think I know which they'll choose.  Good luck those staying long AAPL. As I stated before I'm MASSIVELY short.


What a great call that was.

And you still never explained why you actually closed the trade. You gave a whole list of reasons for shorting, but then closed the trades on a complete whim. Your "proprietary trading system" told you to do it perhaps?

more like your predictions of apples profits; this was the reason why you entered the trade in the first place don't forget, or so you say. Why did you give all these bullshit reasons if you were just after a quick trade? Surely at the time you entered the trade, you would also have seen the money printing coming?

You are showing yourself up as being completely hypocritical on all of this, just like you were on your chat about HFT. You are clearly making it up as you go along. In short, you are a clueless mug.

hope you had tight stops you cretin.

It was a question of time until the lemming light cavalry came charging in.

What makes you all hypocrites is that you pick and choose from my past posts to paint the picture you want. It is true, all those things I thought would impact Apple, and I still think at some point they will. So in that sense, it didn't make sense to go Apple long until.......

..........I realized that Apple had become a safe haven for just about every hedge fund on the planet, much like US Treasuries, disconnecting itself from fundamentals. That is still the case today.

I posted about it......GO FIND IT, you seem to have more than enough free time  on your hands.






plolywad, I asked he question before and you didn't 't answer, I'll ask it again. Do you take after your mother?

$525 today

Apple have been a fantastic stock, and it is amazing to think that is less than a year ago when Menelaus exhorted readers to sell, because the stock has risen by 60% in the interim. An epic call.

I DO hold shares in Apple, Menelaus. Bought them at $200, twice sold them and (my best decisions)twice bought them back at a small loss. At a time when the property market is stagnant,their performance has been amazing. And, being superstitious, I give thanks very every anti-Apple pronouncement you make, since you are a very unlucky and erratic reader of events.

My offer to you is still open though: if you can beat Apple's performance year-on-year, you can come and work for me.

There you go with the "you can't make any money unless you hold for less than 30 seconds" argument. Remind me melly: precisely how many days did you hold your apple short (amongst others) for?

Btw, I'm up 150% since I bought into GKP in october, but I guess that is all down to money printing as well is it, and absolutely nothing to do with multiple OIP upgrades and exxon sniffing around? You truly are a cretin of the highest order melly.

Has Menelaus lost his wits? I'm rather shocked by his last post - I seem to be standing in the trajectory of most of his bile.

There's something about Apple that triggers his fits. it must be the time out of joint.

"APPLE BITES MAN" Would be the head-line.

For anyone interested in my Apple holding, this is what happened:
I was late out of the 2008 crash as my stockbroker's advice was to "sit tight". Seeing the stocks fall every day,tho, I cracked eventually and sold all my portfolio. Immediately, there was a rally, but it was short lived, and soon I was in the happy position of being able to buy back 8 shares for every 5 I had sold. But instead of a "balanced" group of shares, I put it all back into US technology stock. I believed that the £ could not sustain its strength against the $. Deeper down, I believed that ordinary investors had a better chance on Wall St than in the City, where they are despised as victims. So I bought into companies the like of which the UK doesn't have: Intel and Microsoft. I didn't buy Apple then because they were not quoted on the Dow30. I "found" Apple on Nasdaq - was amazed at the value of the company (then $200 billion) and split my investment into three. I bought Apple for just under £200. That was 25-26 months ago. Of the three, Apple have certainly proved to be my Cordelia. Twice I was foolish enough to sell them, but my saving grace was to realise my mistake and buy them back at a small loss.Have I been incredibly lucky? Yes, but the crucial thing is that I corrected myself when I went wrong. When I have posted "buy Apple", at $340 and $400, I meant it. I recommend buying Apple now. Your houses may nevergo up in value like this stock.