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w67 makes bold call to buy AAPL, sell LIC

Started by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012
Discussion about
w67thstreet about 2 hours ago Posts: 8591 Member since: Dec 2008 stop ignoring this person report abuse Just seems like a year ago I bet Sprint would double faster than any POS NYC RE purchased. Ok w67 = 1 point. NYC RE BULLs =0 (that's with every american taxpayer backing every mortgage under the sun for 6 years and savers earning .03% on their savings over this same period). Now u come on SE... [more]
Response by ericho75
over 12 years ago
Posts: 1743
Member since: Feb 2009

Don't matter. Both works for the circus.

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Response by inonada
over 12 years ago
Posts: 7934
Member since: Oct 2008

Bought a bunch just for you, HB.

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Response by w67thstreet
over 12 years ago
Posts: 9003
Member since: Dec 2008

Nada. Got a quick question for you on apple. Am I crazy but does the jan 17, 2015 $200 puts look like free money?

If apple trades at $200/share it would mean it would have a 6% div yield and trade at cash value? $145 in cash plus 18 months of earnings, $60/share.

Even if it earns $20/yr at jan 2015, it would mean apple would trade at 2.5x earnings (minus cash)?

W67 is thinking hard about selling 2.5k shares of apple and going naked short jan $200 puts. I'll have to re-jigger my cash positions elsewhere to meet margin requirements but i hear there are morons buying more LIC condos, and that seems risky to w67. Hmmm. A chance to make a 100% return on $1mm in 18months.

Will apple hit $200/share I.e. 2.5x earnings or will LIC double in 18 months. Choices. Choices.

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Response by w67thstreet
over 12 years ago
Posts: 9003
Member since: Dec 2008

Hey ericho. Can you relay this clown's order to your daughter in 12 years. 2 Big Macs, large fries, coffee and a medium coke.

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Response by w67thstreet
over 12 years ago
Posts: 9003
Member since: Dec 2008

Oh yeah MCD trades at 18x earnigs.

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Response by w67thstreet
over 12 years ago
Posts: 9003
Member since: Dec 2008

What if apple doubled its dividends and bought it's own shares? Fk. Cooke should LBO this thing bf putting out the iPhone 6 and signing a massive contract with china mobile. That's what w67 would do.

Then 5 yrs later sell at 15x earnings to google. Or just keep $60billions in earnings for myself for years to come. $60 billion for me. None for you. $60b for me, none for Ericho. $60b for me none for huntersburg.

Hahahaha.

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Response by inonada
over 12 years ago
Posts: 7934
Member since: Oct 2008

On selling $200 puts, I the margin is going to be a tough nut. The bid is at $3.65. Standard margin is going to be something like $5M margin for $1M of option premium. Not sure how far portfolio margin is going to allow you to take it, but let's say it takes you to $1M of margin for selling $1M of premium.

Problem is that you sell $1M of options, a drop to $350-ish means you have to put up another $1M in margin. At $300, $2M more in margin on top of the $2M already. Now you & I might think $300 is silly, but one thing I've learned is that markets sometimes become silly, so you gotta be prepared.

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Response by w67thstreet
over 12 years ago
Posts: 9003
Member since: Dec 2008

Graci. Got some sprint short puts which will expire worthless in a month. That should free up enough margin to handle a 2 deviation move on apple over the next 18 months.

Who's crazier? A numbskull buying nyc $4mm condo with 15yr io mortgage bc 30yr fixed jumped 100bps in a week, !It's a Buy signal!!!!!! OR?

Betting apple won't hit 6% div yield and trade at cash value.... I.e. 0x PE.

Hilarious.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

When questioned in the past why he didn't buy more Sprint, w67 told SE that he didn't want to buy on margin, not that he lacked confidence in his call. Now, hey, what's a little margin on a sure bet Apple.

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1372621698558&chddm=19240&chls=IntervalBasedLine&cmpto=NYSE:F&cmptdms=0&q=NASDAQ:AAPL&ntsp=0&ei=XovQUZDuH-q00QGBwwE

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Response by Riversider
over 12 years ago
Posts: 13572
Member since: Apr 2009

Tech stocks are just difficult. Constant need for new product development makes earnings growth impossible to predict which is why Apple sells at such a low P.E. New Generations of Apple I-phone and other existing products are almost guaranteed to come with increased R&D costs along with lower profit margins, as success brings both new competition and imitators both which hurt pricing and market share. Anyone buying Apple is betting on Apple coming up with something new and something big. The only thing on the horizon being discussed is Apple TV which might deliver, but this is not guaranteed. The other risk is Tim Cook, he has no record in new product development and so far is just freshening up old products dreamed up by Steve Jobs.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Well apple is up again after hitting $390 again a couple days ago.

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

tech stocks are difficult.

all other stocks are easy.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

There you go again with his confidence game. Haven't you hurt enough people C0C0?

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

fuck you.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

What a surprise.

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

greensdale
1 day ago
Posts: 3437
Member since: Sep 2012
ignore this person
report abuse
Tommy, I don't think you get it. Most threads around here get ignored until I drive by and raise the profile of the thread. You think AR would have commented if I didn't show up? Think again.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

and?

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

tell us exactly how big your big swinging dick is.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

why are you so interested?

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

i'm not.

you're SE's baby. not mine.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

I'm not a baby.

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

but you are a SE product.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Is that the conspiracy theory you refused to tell us for several weeks now?

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

SE, why?

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012
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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

no one cares about your history lessons.

SE, why?

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

No one except for _0______ _0___y

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

Finally you get it.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Why are you so angry C0C0? Wasn't it hot and humid, and rainy sporadically? What more did you want C0C0? A tornado? A new scandal? More mass transit delays to make you happy?

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

your problems.

not mine.

you should consider answering your own question.

too bad for you, isn't it?

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

>too bad for you, isn't it?

No

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

drop dead.

quickly.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Is that an order or do you have electric sparks connecting your fingernails and the glass ball you bought at the street fair along with new socks?

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

its an order.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Did you place an order to buy Apple at the insistence of w67thstreet? What price?

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

oh enough already

go fuck yourself.

enjoy.

you are the king and queen here.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

So you did or didn't listen to your master?

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Response by ericho75
over 12 years ago
Posts: 1743
Member since: Feb 2009

For one of the premier NYC property websites, i'm shocked SE allows user like CC and W67thstreet to come on here and continuously use profanity and make derogatory comments on 12 year old girls.

Why DO SE promote and allow these users to continue doing this?

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

C0C0? Did you buy AAPL? What price?

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Response by alanhart
over 12 years ago
Posts: 12397
Member since: Feb 2007

I know, epooro75, right? And then there's that troll who's always pumping LIC real estate prices, more and more as the unsupported bubble grows more and more dangerous with every week. Not to mention the DNA mutations that the same troll tries to hide.

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Response by Brooks2
over 12 years ago
Posts: 2970
Member since: Aug 2011

Yea, but what neighborhood is this in?

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Response by yikes
over 12 years ago
Posts: 1016
Member since: Mar 2012

the DNA issues tend to crop up with varying degrees of intensity, depending on proximity to newtown creek

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Response by yikes
over 12 years ago
Posts: 1016
Member since: Mar 2012

perhaps the neighborhood can be called newtown--LIC

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012
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