I like selling OTM puts here but I think you have to look at weeklies with earnings coming up. I'll see how they do tomorrow but I think things could stabilize until earnings. If you're long the market this would probably too much risk imo

It's not like Apple has been going down and the rest of the market hasn't. Toni Sacconaghi (rated #1 Apple analyst) says that Apple valuations are not that attractive relative to the market. I'll let him say the rest:

it fell with the markets true (a bit more) but was still relatively cheaper then most things out there before that. still, thats kind of a pointless statement given its not that easy to find the right companies to compare it to, im moreso thinking about what happens with margins, revenue mix changes, pricing power etc. going forward, play around with different scenarios and thats how i feel about it overall. again, not a buyer yet, more compelling things out there.

oh, and what i think about analysts is they are just noise

With apple the problem I pretty much stated it in another thread (didn't see this one at the time sorry)

Currently there's no good reason to buy any of it's products. Especially if you already own one.

We'll see how they do with 5G.

Buffett is understandably clueless with tech investments and he knows it--his main problem is the old school model of invest in good company for a long ass time when it's cheaper then the market and it'll work out doesn't mean **** anymore and he hasn't adjusted that leak.

Buffett's first wife left him they just never divorced. Didn't marry the second officially until after her death. Weird but whatever.

Yeah I can't see myself buying another Apple phone now that the flagship is $1500. You want me to pay $1500 ($2000 with VAT in Europe) for a $443 phone? Get ****ed buddy. And I'm not buying second or third best if I'm going to spend that kind of money on a phone. I want the flagship for <$1000 with a good amount of memory. Apple products are spastic enough already that I don't want some hobbled, low memory piece of crap if I spend less than $1500.

I imagine quite a few people feel the same. It was a big mistake to raise prices and split into X and 8.

To be fair, he's made money on his AAPL investment.

That's actually not true. She moved out of his home and out of Omaha but they continued to be husband and wife. They continued to go to company functions together as husband and wife as well as vacations. Not only that, but they would send out Christmas cards from the 3 of them. Obviously he didn't marry his 2nd wife until his 1st wife died because to do otherwise would be against the law.

Pretty hard to call someone your wife when they're being dicked by someone else. I think there's even a word for the "gentleman" who finds himself in that kind of situation.
She became wife 2.

Sorry dude, but my description of him as a "cuck" was accurate even though it wasn't meant in that sense and was referring to his investing prowess. Someone else had sex with his wife (I'm assuming- that's what "living your own life" means when a woman leaves you and moves across the country) and he was so incapable of living alone that he needed another wifemother, although not in the financial sense, organized by his existing wifemother who abandoned him.

So yes, amusingly, your insistence that he wasn't a cuck has led to me discover that he actually was in a real life way. That's pretty lol.

Also, don't take this the wrong way - I like Buffett and think he's a great guy with a lot of unique talent and wisdom and perspective, and people have their own personal weaknesses and that's ok. It's just more lol than anything.

And yes his Apple pick was bad. There's no way he's even paper positive here given the slippage to exit which is at least 10% with a holding that large.

Actually, I never insisted one way or the other. I posed questions. My attempts to gather information about his sex life have, to this point, led nowhere. It's even more difficult to gather information about his 1st wife's sex life.

Are you sure there is no way he is positive? He bought over half well below $136.50. He bought very few AAPL shares in Q3 2018 when the stock was soaring.

I take it you're a fan of his? He's certainly worth being a fan of more than most. And I'd be all ears when he says anything at all about business or investing. I just think he has no clue on tech but really has no choice but to start adding things like Apple given BRK's market cap. But if he's not an idiot, why didn't he buy Microsoft at $25 in 2012 when I was screaming it from the rooftops here rather than IBM then or Apple now??!? He clearly is utterly clueless about tech and makes horrible picks. The number I've seen quoted from earlier this year is an overall average price of $141. He bought a bunch at about $110 but then he added more a lot higher. Only the long term will tell if it was a good pick or not, but I'd say he'll be dumping in the next few years for a big loss. The next recession is going to gut Apple. 40% margins for luxury goods with a rapidly decreasing gap in quality don't survive recessions.

No, just his sex life. I have learned things from him though, just as I have from many successful investors. I recognize he doesn't understand tech and as you stated he even knows that.

Anyone else holding a put on AAPL going into earnings? :O

Holding a put? Not sure what that means lol. If you are asking if there is value in going long puts into the ER then I'd say probably not given they basically preannounced a few weeks ago.

Holding, i.e. bought a put in the recent past (strike $157.50) and still have it.

Jesus.

No offense but if you need to ask whether you should be holding (which in essence would be the same as being a long a new position into the print anyways) then I'd sell it and sit it out. Not sure what was with the "Jesus" comment at the end, next time provide an actual argument for holding that can be debated lol.

I meant “Jesus” in the sense that you didn’t know what I meant by holding, not whether or not it was a good approach.

Also, I didn’t ask whether or not I should be. I asked if anyone else was as well.

It's pretty obvious you have zero edge and are just gambling anyways so thanks for wasting both our time. Who cares what other members are doing related to your own money and trades? Good luck.

We’re all gambling here, my friend (admittedly, some more than others). Massive LOL if you, or anyone else here thinks they have some significant, sizeable edge in the market.

Aside from TS obviously. We all know he banks 6 figure days regularly and bangs underwear models in hot tubs.

What does that say about you that you are asking for input from people that are supposedly gambling with no edge like yourself? You proved my point for me, thanks.

It's all about the guidance.

Sentiment is pretty mixed now and estimates have come down significantly which is why I don't like either side. Let's face it, the bulk of the down move has been made short term. You have pretty significant buyers under the name who right or wrong will provide a floor. Just not sure how much can have worsened from a pretty notable guide down only three weeks ago.

So far after hours doesn’t agree - this is where AAPL missed and they’re still up 4% at the moment due to just slightly beating their sandbagged numbers

Only thing you should be rolling your eyes at is yourself, analyst expectations aren't necessarily in line with where the company is at hence the bounce.

The way I read this is the numbers aren't a disaster and are more consistent with overshooting the optimal supply/demand profit price point than a wholesale cratering of Apple demand, so a bunch of weak-tight market fish are happy to give the stock they love* the benefit of the doubt and get in again. And I'm not even sure that's an unreasonable view.

*Let's face it, even in this thread - 2p2 is more intelligent than most - we had Apple fans getting giddy about their ****ty stock going up even while it badly underperforms the index and really badly underperforms its peers.