The mythical menelaus trade

I eagerly await the reply/desperate defence from Menelaus, thecanadian, or any of his other multiple personalities. Your entertainment value is truly appreciated.

It's the "closed positions" position that gets me though. After what seems like years of the sky is falling talk, having come through a considerable market rally, but  just when when the market is potentially stalling, during sell in may and go away season, Greece in chaos etc,  he decides to bottle it and run for cover.
Menelaus will be feeling sick if AAPL drops further, and oddly will be pleased at a recovery.

polybot, you started a thread with my name in it, I'm humbled. This is the problem with fanboys like you, you've got your nose so deep playing with your collection of irubbish that you've lost touch with reality. You are the first poster on here to propose that shorting at $348 and closing at $323, a drop of about 7pc in the stock price, is a losing preposition. My puts were in the money (all of them), my borrowed shares have been returned with profit after the ridiculously cheap borrowing fees and the MASSIVE trade yielded significant profits.

Get over it.

Posted this under the wrong thread, although I think most people got the point.

Menelaus Joined: 03 Feb 05
Replies: 708 20 Jun 11 14:20 
Here's the real reason why you started a new thread, to divert attention from my earlier post (Jun 16) on the other thread:

You keep skirting the question. You have always shouted "buy,buy,buy" even when the share price hit top after the earnings report. You were always making the case on here that "Apple to the moon" and posted your own opinions why and supporting data from those "tend to be conservative" analysts who also had Apple heading to the moon. Pity anyone who offered a dissenting opinion (enter Menelaus). It also seems like your preferred method of trading is options.

Hence, here's my question AGAIN, that you haven't bothered answering the first time since it appears all your thoughts are only focused on how to best slander my successful trade:



Menelaus Joined: 03 Feb 05
Replies: 707 16 Jun 11 14:05
fanboy, we can trade insults ad infinitum on here, I assure you I can spar with the best of them, but fundamentally I only have ONE question for you.

Since you have been consistently spewing "go long Apple" on this forum and you were presenting predictions by "analysts - who tend to be conservative", most indicating Apple heading to $425 and sometimes well beyond, how many calls have you bought at around $352 and will be expiring worthless the next few months?

Your posts are below:


polybot     Joined: 20 Oct 03
Replies: 1165 19 Apr 11 11:49
Looks like I'm long AAPL.



polybot     Joined: 20 Oct 03
Replies: 1165 21 Jan 11 07:09
analysts tend to be conservative...
19-Jan-11 Ticonderoga raises target from $450 to $550
19-Jan-11 Piper Jaffray raises target from $438 to $483
19-Jan-11 UBS raises price target from $415 to $465.
19-Jan-11 Barclay raises target from $420 to $450
19-Jan-11 BofA Merrill raises price target from $425 to $450
19-Jan-11 JP Morgan raises target to $450
19-Jan-11 Goldman Sachs raises target to $450
19-Jan-11 Susquehanna raises price target from $390 to $445.
19-Jan-11 Deutsche Bank raises Price Target to $440
19-Jan-11 Kaufman Brothers raises target from $415 to $438
19-Jan-11 Canaccord Genuity raises target to $432
19-Jan-11 Janney Capital raises target to $430
19-Jan-11 Wedbush raises target from $405 to $430
19-Jan-11 RBC Capital raises target from $395 to $425
19-Jan-11 CLSA Asia-Pacific Markets: Target raised to $425
19-Jan-11 Oppenheimer raises target from $395 to $425
19-Jan-11 Stifel Nicholas raises target from $400 to $420
19-Jan-11 Citi raises target from $390 to $415
19-Jan-11 Morgan Stanley raises target from $375 to $410
19-Jan-11 BMO Capital: Target from $355 to $405.
19-Jan-11 Gleacher & Co raises target to $400
18-Jan-11 Cramer raises target price to $400.
19-Jan-11 Needham: Target raised to $375

fanboy, unless troika comes up with a credible rescue plan for Greece (is there one?) real soon, and Bernanke announces some version of firing up the Heidelbergs again this week, there's nothing but air under that overvalued stock, not to mention multiple other reasons why it should have been shorted (you seem to have the time to go back and pull up old threads, so go find those reasons, the posts are all mine).

My question still stands. If you were erupting in orgasmic rapture when earnings were last announced and lambasted everyone on here (well, not everyone actually, I was the only one taking the short side) who suggested going short, how much do you have tied up in call options that will expire worthless?

I hope I haven't messed up with interpretation again, it's happened before on this forum. I took all these posts to mean you were long, a strong conviction long at that.

polybot     Joined: 20 Oct 03
Replies: 1171 20 Apr 11 02:25 
not sure you understand the situation Menelaus, NASDAQ100 is an index, it doesn't predict stocks. The re-weighting is market cap based and in line with current prices. The portfolio rebalancing volume would easily be covered in a half days trading, and they have a whole month.
Japan related supply issues work to Apples advantage due to their massive preferential contracts, this constrains supply for all competitors, very few components are affected.
as for petrol vs iPad, it looks like they're choosing iPad.


polybot     Joined: 20 Oct 03
Replies: 1171 20 Apr 11 10:05 
1: obvious indeed, the "blokes running it" don't base it on forward market cap (if such a thing exists).
2: NAND, DRAM and LCDs are the only pressure points and they are all sourced elsewhere, everything else has reserve inventory.
3: they are STILL queueing for iPad2, they are sold as soon as they are made.
4: Jobs effectively left Apple 3 months ago, the analysis is based on crazy things like growth, market share,  and forward PE.
5. agreed, time will tell, will report back in 14 hours.

polybot     Joined: 20 Oct 03
Replies: 1171 21 Apr 11 07:34 
Tim Cook at today's conference call "we did not have any supply or cost impact in our fiscal Q2 as a result as the tragedy, and we currently do not anticipate any material supply or cost impact in our fiscal Q3."
also "staggering" demand for iPad2, Q2 only includes a couple of weeks of these sales so expect very high numbers for Q3.
$353 at after hours close.

polybot     Joined: 20 Oct 03
Replies: 1171 22 Apr 11 00:28 
Menelaus, you're confused/grasping at straws. re iPad numbers, as has been clearly said iPad2 only included in 2 weeks of Q2, so the staggering demand for iPad2 will show in Q3. Analysts got the numbers wrong because the change/production cycle was in the middle of Q2 eg shifting old inventory, buyers waiting for new model, production changeover constraining supply. Demand for Mac and iPhone will also increase.
as for the antenna and fanboy remarks, like I say, grasping at straws.

polybot     Joined: 20 Oct 03
Replies: 1165 19 Apr 11 11:49 
Looks like I'm long AAPL.



polybot     Joined: 20 Oct 03
Replies: 1165 21 Jan 11 07:09 
analysts tend to be conservative...
19-Jan-11 Ticonderoga raises target from $450 to $550
19-Jan-11 Piper Jaffray raises target from $438 to $483
19-Jan-11 UBS raises price target from $415 to $465.
19-Jan-11 Barclay raises target from $420 to $450
19-Jan-11 BofA Merrill raises price target from $425 to $450
19-Jan-11 JP Morgan raises target to $450
19-Jan-11 Goldman Sachs raises target to $450
19-Jan-11 Susquehanna raises price target from $390 to $445.
19-Jan-11 Deutsche Bank raises Price Target to $440
19-Jan-11 Kaufman Brothers raises target from $415 to $438
19-Jan-11 Canaccord Genuity raises target to $432
19-Jan-11 Janney Capital raises target to $430
19-Jan-11 Wedbush raises target from $405 to $430
19-Jan-11 RBC Capital raises target from $395 to $425
19-Jan-11 CLSA Asia-Pacific Markets: Target raised to $425
19-Jan-11 Oppenheimer raises target from $395 to $425
19-Jan-11 Stifel Nicholas raises target from $400 to $420
19-Jan-11 Citi raises target from $390 to $415
19-Jan-11 Morgan Stanley raises target from $375 to $410
19-Jan-11 BMO Capital: Target from $355 to $405.
19-Jan-11 Gleacher & Co raises target to $400
18-Jan-11 Cramer raises target price to $400.
19-Jan-11 Needham: Target raised to $375

fanboy, unless troika comes up with a credible rescue plan for Greece (is there one?) real soon, and Bernanke announces some version of firing up the Heidelbergs again this week, there's nothing but air under that overvalued stock, not to mention multiple other reasons why it should have been shorted (you seem to have the time to go back and pull up old threads, so go find those reasons, the posts are all mine).

My question still stands. If you were erupting in orgasmic rapture when earnings were last announced and lambasted everyone on here (well, not everyone actually, I was the only one taking the short side) who suggested going short, how much do you have tied up in call options that will expire worthless?

I hope I haven't messed up with interpretation again, it's happened before on this forum. I took all these posts to mean you were long, a strong conviction long at that.

polybot     Joined: 20 Oct 03
Replies: 1171 20 Apr 11 02:25 
not sure you understand the situation Menelaus, NASDAQ100 is an index, it doesn't predict stocks. The re-weighting is market cap based and in line with current prices. The portfolio rebalancing volume would easily be covered in a half days trading, and they have a whole month.
Japan related supply issues work to Apples advantage due to their massive preferential contracts, this constrains supply for all competitors, very few components are affected.
as for petrol vs iPad, it looks like they're choosing iPad.


polybot     Joined: 20 Oct 03
Replies: 1171 20 Apr 11 10:05 
1: obvious indeed, the "blokes running it" don't base it on forward market cap (if such a thing exists).
2: NAND, DRAM and LCDs are the only pressure points and they are all sourced elsewhere, everything else has reserve inventory.
3: they are STILL queueing for iPad2, they are sold as soon as they are made.
4: Jobs effectively left Apple 3 months ago, the analysis is based on crazy things like growth, market share,  and forward PE.
5. agreed, time will tell, will report back in 14 hours.

polybot     Joined: 20 Oct 03
Replies: 1171 21 Apr 11 07:34 
Tim Cook at today's conference call "we did not have any supply or cost impact in our fiscal Q2 as a result as the tragedy, and we currently do not anticipate any material supply or cost impact in our fiscal Q3."
also "staggering" demand for iPad2, Q2 only includes a couple of weeks of these sales so expect very high numbers for Q3.
$353 at after hours close.

polybot     Joined: 20 Oct 03
Replies: 1171 22 Apr 11 00:28 
Menelaus, you're confused/grasping at straws. re iPad numbers, as has been clearly said iPad2 only included in 2 weeks of Q2, so the staggering demand for iPad2 will show in Q3. Analysts got the numbers wrong because the change/production cycle was in the middle of Q2 eg shifting old inventory, buyers waiting for new model, production changeover constraining supply. Demand for Mac and iPhone will also increase.
as for the antenna and fanboy remarks, like I say, grasping at straws.

polybot     Joined: 20 Oct 03
Replies: 1165 19 Apr 11 11:49 
Looks like I'm long AAPL.



polybot     Joined: 20 Oct 03
Replies: 1165 21 Jan 11 07:09 
analysts tend to be conservative...
19-Jan-11 Ticonderoga raises target from $450 to $550
19-Jan-11 Piper Jaffray raises target from $438 to $483
19-Jan-11 UBS raises price target from $415 to $465.
19-Jan-11 Barclay raises target from $420 to $450
19-Jan-11 BofA Merrill raises price target from $425 to $450
19-Jan-11 JP Morgan raises target to $450
19-Jan-11 Goldman Sachs raises target to $450
19-Jan-11 Susquehanna raises price target from $390 to $445.
19-Jan-11 Deutsche Bank raises Price Target to $440
19-Jan-11 Kaufman Brothers raises target from $415 to $438
19-Jan-11 Canaccord Genuity raises target to $432
19-Jan-11 Janney Capital raises target to $430
19-Jan-11 Wedbush raises target from $405 to $430
19-Jan-11 RBC Capital raises target from $395 to $425
19-Jan-11 CLSA Asia-Pacific Markets: Target raised to $425
19-Jan-11 Oppenheimer raises target from $395 to $425
19-Jan-11 Stifel Nicholas raises target from $400 to $420
19-Jan-11 Citi raises target from $390 to $415
19-Jan-11 Morgan Stanley raises target from $375 to $410
19-Jan-11 BMO Capital: Target from $355 to $405.
19-Jan-11 Gleacher & Co raises target to $400
18-Jan-11 Cramer raises target price to $400.
19-Jan-11 Needham: Target raised to $375

sorry for the double post

Menelaus
polybot, you started a thread with my name in it, I'm humbled. This is the problem with fanboys like you, you've got your nose so deep playing with your collection of irubbish that you've lost touch with reality. You are the first poster on here to propose that shorting at $348 and closing at $323, a drop of about 7pc in the stock price, is a losing preposition. My puts were in the money (all of them), my borrowed shares have been returned with profit after the ridiculously cheap borrowing fees and the MASSIVE trade yielded significant profits.

Get over it.


melly melly melly


again you are exposed as a fraud.[>o]

polybot is of course totally correct.You know so little you don't even understand what he wrote.

If you knew anything about options, otherwise you would not post this drivel--------

"You are the first poster on here to propose that shorting at $348 and closing at $323, a drop of about 7pc in the stock price, is a losing preposition."

  using options over a few months it is entirely possible, in fact highly probable that although AAPL dropped from 348 to 323 that a puts options trade actually  lost money.

  Your figures also incorporate  shorting at close to top and closing at the bottom

   I'm quite sure you don't understand how an option would lose under that scenario but the figures  quoted by polybot are entirely feasible.

  Also as pointed out- your doomsaying of over a year that the  world is going to collapse and as soon as you get in the money- you close the posi?

  Two sessions later AAPL has a large fall of 5$ with a session low of down 10$ whist the general market rises 80 points.


Apple Inc.
(NasdaqGS: AAPL )


Last Trade:

315.32

Change:

4.94 (1.54%)

Prev Close:

320.26

Day's Range:

310.50 - 317.70

52wk Range:

235.56 - 364.90

    so you closed just before the really big rewards kick in.  Good call melly.


As stated previously, you may have the novices fooled, but your not  fooling any of the real traders here.

BUT- you could make real fools of myself and others if you were to post a few trades with prices over the next month and we will see how you go.But you have to do it B4 hand- no aftertiming allowed.

  Please confer with your alterego "canadian " and newbie "frogs hairs" and let the forum know of your next massive short.

otherwise- its back to the burger kitchen for you.

Obviously embarrassment is not an emotion you are capable of displaying



Mrben    Joined: 25 Oct 03
Replies: 2828 25 Jan 11 03:09
Im with you there johhnie re gold.Im thinking the same as whippet, first stop around 1250, the lower and lower
  I have a long range bet based on gold going under 1000 in the last 3 mths of 2011 and the first 3 mths of 2012.


Mrben    Joined: 25 Oct 03
Replies: 2936 14 Feb 11 02:00
Im betting that ALL markets are headed higher.Maybe shanghai excepted.

Too hard to pick day to day but I'm betting that 18 months from now the DOW will be around 16,000.Thats about 25% higher from here. The footsie could go up say 20%, pushing it beyond 7000.
My view is its suicidal to bet on the downside from here.The :crash and burn scenario has a very low probability.Markets want to go higher. Get on!!!

Mrben
I'm neither pro nor anti Menelaus re his trading record.
All I'm saying is that he is not an idiot, he is highly intelligent, and if you ignore, in a general context, all he says out of some sort of spite or jealousy, then you will be doing yourseleves a serious disservice.
As I've also said I see no point in actually any of you in posting up real or imaginary trades. What's the point of that sort of p!ssing contest.? As you rightly say trading is not about being always right, it's also many times about being wrong and getting out quickly with enough ammo left to fight another day.
However, I do see the point of posting up your overall big picture views and opinions in the aim of either getting supporting opinions or well argued counter opinions.
The real trouble with Menelaus is the way he always wants to knee cap anybody who counters him, not just those who clearly don't really know all the technical detail he is familiar with, but also those that clearly do ( eg JW and well before him subversive ).
He is well aware of that shortcoming of his, but it's never going to be resolved by everbody calling each other silly names.
I happen to agree with you and others that Menelaus does not really show obviously great skills as a " day trader " type investor, but that is really not his forte.
So ignore all side of him, and concentrate on the underlying economic analyses he provides in good depth on here for no apparent thanks ever.

+---So ignore that side of him ---- "

FAFH, whatever happened to Subversion? I haven't seen him post on here in a long time. Do you know?

Nope.
Probably running a club of ill repute in Macao or something like that.
He was into " exotics" if I remember.

Or maybe he's just in rehab getting his bruised psyche seen to ?
You were brutal on him at times.

Sorry for not responding earlier FAFH, I'm trying to finish a report for tomorrow and I'm half asleep here. He was equally brutal to me I thought . Smart chap though, no doubt.

melly and frogie-  canadian should chime in shortly.

Mrben
I'm neither pro nor anti Menelaus re his trading record.
All I'm saying is that he is not an idiot, he is highly intelligent, and if you ignore, in a general context, all he says out of some sort of spite or jealousy, then you will be doing yourseleves a serious disservice.

nice sentiments froggy, but totally inaccurate.

melly IS an idiot, he IS  as thick as 2 short planks.Theres no need to ignore him out of spite and theres nothing to be jealous of.The guy is yet to get anything right.

Exactly what disservice would I be doing by ignoring him??

Apart from throwing tantrums to  all who challenge his ludicrious notions- the guy offers zilch.He can only spew forth what he read in some report and has been PROVED  a fraud a number of times here.he's been posting here for over 2 years and apart from his 95% aftertimed AAPL trade he has not got a single thing right.That trade- using options was a loser into the bargain.

    You believe in melly- ask him to lodge the numbers for his options trade.He wont.

You believe in him- ask him to lodge a trade in advance.He won't.

  He will however tell you 24 hours a day how smart he is and how dumb you are.

  He will however jump all over anyone who does post a trade and if its right , according to him it was aftertiming and if its wrong, the poster must have "lost a fortune"

  The guy is a ****wit of monumental proportions.

''Sorry for not responding earlier FAFH, I'm trying to finish a report for tomorrow and I'm half asleep here.''


   Who would he be reporting to?The shift manager?

  I will continue to berate him at every opportunity until he proves otherwise.

  But you can join him in his delusions of granduer.Then you will become a laughing stock, like him.

On Monday traders were taking a hard look at Apple [AAPL  315.32    -4.94  (-1.54%)   ] with shares trading lower despite broad gains in the market.

Of particular concern was the fact that Apple broke below $325 – the stock’s 200-day moving average to a 6-month low.

”It’s broken through this key level in a fairly dramatic fashion,” says trader Jim Iurio. "It's come back a little but not enough to make me feel positive."

And Iurio is hardly alone. The move left countless investors wondering if the technical break is throwing cold water on a stock that was once on fire.

Is Apple’s technical breakdown a bad omen?


  Nice call melly

Menelaus seething.
July 335s up almost 20 percent today, that would have brought them near break even territory.

benny, you can throw temper tantrums, you can perform impressive evasive action, you can obfuscate, confuse and throw smoke screens along the way but it will get you no where. You can run Benny, but you can't hide:

Mrben    Joined: 25 Oct 03
Replies: 2828 25 Jan 11 03:09
Im with you there johhnie re gold.Im thinking the same as whippet, first stop around 1250, the lower and lower
  I have a long range bet based on gold going under 1000 in the last 3 mths of 2011 and the first 3 mths of 2012.


Mrben    Joined: 25 Oct 03
Replies: 2936 14 Feb 11 02:00
Im betting that ALL markets are headed higher.Maybe shanghai excepted.

Too hard to pick day to day but I'm betting that 18 months from now the DOW will be around 16,000.Thats about 25% higher from here. The footsie could go up say 20%, pushing it beyond 7000.
My view is its suicidal to bet on the downside from here.The :crash and burn scenario has a very low probability.Markets want to go higher. Get on!!!


If I were you, I would stick to aftertiming moves in the AUD/USD cross in order to impress us, it's just about the only thing you get right. Otherwise it is axiomatic that you are a fool.

Meanwhile, RIMM down ANOTHER 7 percent today. 44 to 28 in just a month.

polybot, the only person who's been seething on here for weeks is you. I probably would too if I got caught so far offside on a trade as you have. You know, the one that all those "tend to be conservative" analysts and you were touting as a "going to the moon" sure thing.

Nice touch on the "meanwhile RIMM down", apparently evasive actions must be a southern hemisphere specialty.

What are you evading you say? This......


My question still stands. If you were erupting in orgasmic rapture when earnings were last announced and lambasted everyone on here (well, not everyone actually, I was the only one taking the short side) who suggested going short, how much do you have tied up in call options that will expire worthless?

I hope I haven't messed up with interpretation again, it's happened before on this forum. I took all these posts to mean you were long, a strong conviction long at that.

polybot     Joined: 20 Oct 03
Replies: 1171 20 Apr 11 02:25
not sure you understand the situation Menelaus, NASDAQ100 is an index, it doesn't predict stocks. The re-weighting is market cap based and in line with current prices. The portfolio rebalancing volume would easily be covered in a half days trading, and they have a whole month.
Japan related supply issues work to Apples advantage due to their massive preferential contracts, this constrains supply for all competitors, very few components are affected.
as for petrol vs iPad, it looks like they're choosing iPad.


polybot     Joined: 20 Oct 03
Replies: 1171 20 Apr 11 10:05
1: obvious indeed, the "blokes running it" don't base it on forward market cap (if such a thing exists).
2: NAND, DRAM and LCDs are the only pressure points and they are all sourced elsewhere, everything else has reserve inventory.
3: they are STILL queueing for iPad2, they are sold as soon as they are made.
4: Jobs effectively left Apple 3 months ago, the analysis is based on crazy things like growth, market share,  and forward PE.
5. agreed, time will tell, will report back in 14 hours.

polybot     Joined: 20 Oct 03
Replies: 1171 21 Apr 11 07:34
Tim Cook at today's conference call "we did not have any supply or cost impact in our fiscal Q2 as a result as the tragedy, and we currently do not anticipate any material supply or cost impact in our fiscal Q3."
also "staggering" demand for iPad2, Q2 only includes a couple of weeks of these sales so expect very high numbers for Q3.
$353 at after hours close.

polybot     Joined: 20 Oct 03
Replies: 1171 22 Apr 11 00:28
Menelaus, you're confused/grasping at straws. re iPad numbers, as has been clearly said iPad2 only included in 2 weeks of Q2, so the staggering demand for iPad2 will show in Q3. Analysts got the numbers wrong because the change/production cycle was in the middle of Q2 eg shifting old inventory, buyers waiting for new model, production changeover constraining supply. Demand for Mac and iPhone will also increase.
as for the antenna and fanboy remarks, like I say, grasping at straws.

polybot     Joined: 20 Oct 03
Replies: 1165 19 Apr 11 11:49
Looks like I'm long AAPL.



polybot     Joined: 20 Oct 03
Replies: 1165 21 Jan 11 07:09
analysts tend to be conservative...
19-Jan-11 Ticonderoga raises target from $450 to $550
19-Jan-11 Piper Jaffray raises target from $438 to $483
19-Jan-11 UBS raises price target from $415 to $465.
19-Jan-11 Barclay raises target from $420 to $450
19-Jan-11 BofA Merrill raises price target from $425 to $450
19-Jan-11 JP Morgan raises target to $450
19-Jan-11 Goldman Sachs raises target to $450
19-Jan-11 Susquehanna raises price target from $390 to $445.
19-Jan-11 Deutsche Bank raises Price Target to $440
19-Jan-11 Kaufman Brothers raises target from $415 to $438
19-Jan-11 Canaccord Genuity raises target to $432
19-Jan-11 Janney Capital raises target to $430
19-Jan-11 Wedbush raises target from $405 to $430
19-Jan-11 RBC Capital raises target from $395 to $425
19-Jan-11 CLSA Asia-Pacific Markets: Target raised to $425
19-Jan-11 Oppenheimer raises target from $395 to $425
19-Jan-11 Stifel Nicholas raises target from $400 to $420
19-Jan-11 Citi raises target from $390 to $415
19-Jan-11 Morgan Stanley raises target from $375 to $410
19-Jan-11 BMO Capital: Target from $355 to $405.
19-Jan-11 Gleacher & Co raises target to $400
18-Jan-11 Cramer raises target price to $400.
19-Jan-11 Needham: Target raised to $375

polybot, I have to run to a meeting. It's one thing to fall in love for all overpriced, shinny ithings as a result of a brilliant branding strategy, it's another to continue to ignore economic realities and keep shouting "apple to the moon" as you have been. In the first case you are a victim of consumerism on steroids, in the latter case you are being a fool. Choose what scenario you fall under, although I suspect, I've seen enough of your posts on here, I know the answer.

You still haven't answered my question......but yes, RIMM dropping like a rock.

I've answered your question a few times here it is once more.

"polybot 19 Apr 11 11:49
resumed sub 330 buys in AAPL yesterday (only got down to 327 the other week), the plan was blocks at dollars increments, started 326 but next stop straight to 321, so another 5 blocks that cost a little less than expected."
Average is 320.

Menelaus STILL yet to post a trade...

Nice try fanboy but you seem to have burned and crashed during this evasive maneuver. Did you forget these posts are date stamped?

First of all, what part of the NOW MUCH part of my question don't you understand? Second of all, are you claiming NOT making any "long AAPL" trades AFTER APRIL 21? Because if you didn't, I need to apologize for mistaking your orgasmic rapture and incessant "buy apple" calls coming AFTER Q1 earnings were reported, you know, the "apple to the moon" call supported by those "tend to be conservative" analysts that on average had AAPL going to $450, to mean well.......how shall I say........buy apple !!!

Pardon me then, my mistake.

"which part of NOW MUCH part of my question don't you understand?"
None of it, it,'s not even written in English.
To your second attempt at a second question, the trades were clearly posted, are you a complete fvckwit???

Menelaus STILL yet to post a trade...

Yes, fanboy, you scored one there, I posted NOW MUCH when clearly I meant HOW much. Well played. As for the rest apparently you don't understand (it's more like pretend to not understand) the difference between buying BEFORE their earnings report and AFTER their earning report when the stock jumped $15. But I suspect if you did acknowledge taking long positions in the days immediately after April 21, that 320 average may be just a little suspect.

At any rate, you are starting to annoy me. I don't give a @*@* when, how much, or what you bought. I should have known better than start an argument with an Apple fanboy. It's a company polybot, not religion, wake the @*@* up.

Just a refresh on this train wreck. Yes a good trader could make a small return on a 5 percent dip which took weeks or months but you're not a good trader. Or a trader at all. But anyway a good trader wouldn't take a suicidal risk for such a tiny return over such a long time frame when he can easily pick up 5 percent in hours or days elsewhere. A good trader might have got a very very small return after costs, not lost his money buying puts as you did.
And just to recap my trades as i know you are concerned, as clearly stated many times, buying was in dollar increments from 330 down, average 220.

Let's speculate: menelaus buys options at say $22.50, sells at $18.50 2 months later. Number of contracts was "massive" in his mind, but let's say a very modest 100 minimum so: $2250 x 100 ($225,000) - $18.50 x 100 ($185,000) leaves a loss of $40,000. Annualised (just for fun i'm assuming all his trades are that good) gives a quarter million dollar yearly loss.
When menelaus claimed to be earning 6 figures i didn't realise he meant a negative one.

Even more of a train wreck when you take the values from the date he posted his opening/closing on the forum.

AAPL April 14th - 332.42
AAPL June 17th - 320.26

% change = -3.79%

NASDAQ April 14th - 2760.22
NASDAQ June 17th - 2616.48

% change = -5.2%


During that time the entire tech sector was down 6.62% as well.

Now, I'm no expert on options, but if he wouldn't have been in the money on a 5% dip, then it's going to be even more of a train wreck after only a 3.79% dip.

Yet somehow, melly will still claim that A) He profited; B) The trade went the right way because of the reasons he originally posted (such as declining revenues from people not being able to afford ipads).

We all know both points are clearly b0llox but just you watch melly try and argue differently.

Whippet, polybot as a fanboy is fully committed (in fact I think that's the only thing he's ever posted on this forum) to "buy anything apple" mania. What's your excuse?

"Analysts at Goldman Sachs are confident the company will deliver news that helps the share price move upward. “The bears are playing with a very small window,” according to Goldman. “A window that is increasingly being pelted with bullish news on Apple’s new products and demand momentum.”
Goldman says the new iPhone will tap into demand from students starting a new school year in September, while it expects the company’s supply problems following the Japanese earthquake to ease."

fanboy, I thought you posted they said on the conference call they didn't have any supply issues following the earthquake. I'm astounded they would lie to you.

A minor point for you to cling to but anyway, in Cook's words:
"did not have any supply or cost impact in Q2, and currently do not expect any material supply or cost impact in Q3"
Ma-te-ri-al :-adjective: of substantial import; of much consequence; important

ob·ses·sion/əbˈseSHən/Noun
1. The state of being obsessed with someone or something.
2. An idea or thought that continually preoccupies or intrudes on a person's mind. 


A minor point ?!?!? Lying on the conference call is a minor thing ?!?!?

Or, do you feel better that as it turned out they wordsmithed and lawyered you to death?

When I was saying this sounds like "the iphone4 doesn't have a reception problem" all over again, I didn't see you post me-te-ri-al, all I saw was a blind belief that there was no problem, none at all, after all they have priority through their preferred supplier agreements, they had reserve inventories. When did you clue into "ma-te-ri-al", just now?

I should have known better to go down this road with an obsessed fanboy. You chaps lost touch with reality.