<p>Well doct, that is one hell of a trade you put on. Congrats.</p>
<p>I don’t think you need anybody’s advice. :)</p>
<p>Sometimes even the ignorant get lucky! I never guessed that aapl would behave this way and as it goes higher, I’m getting more and more nervous. I prefer slow and steady increases not what I’m seeing.</p>
<p>"Jesse Livermore: Throughout all my years of investing Ive found that the big money was never made in the buying or the selling. The big money was made in the waiting.</p>
<p>^^exactly. My biggest trading problem is usually not in selling my losers quickly but selling my winners too quickly instead of just holding.</p>
<p>That is a very common problem.</p>
<p>It’s behaving like GOOG did from $595 to $670. Enjoy!</p>
<p>If we trade and close below 1412 on the S&P index the technicians will get very excited about a key reversal top. The index actually made a post crash high this morning. Is everyone bullish yet? If the answer is “yes”, then it’s time for a correction.</p>
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<p>This has been my problem also.</p>
<p>^^I don’t know if you misconstrued my statement but the bottomline is I haven’t any problems selling my losers, my issue is selling my winners too soon.</p>
<p>I did sell all my 545 calls after aapl dropped somewhat and after it dropped some more bought back 1/2 the number of contracts with a strike price of 605.</p>
<p>I misconstrued…I don’t have trouble holding my winners. Maybe we should become partners! We’ll either lose everything because we’ll hold the losers and sell the winners too soon. Or we’ll do GREAT…selling the losers quick and holding onto the winners.</p>
<p>Doug Kass is big time negative. Sam Stovall is mostly positive. Crazy.</p>
<p>Of course, Apple got rid of Steve Jobs when it was thought that the company had outgrown him…thank goodness for them he came back!</p>
<p>HP had awful results and will be laying off 10K to 15K this fall. I’m not sure whether or not those numbers are in their broader plans to lay off 27K in the next two years - I believe that was announced earlier.</p>
<p>PC and PC Component prices are falling, particularly DRAM prices. My speculation is that there’s the move to mobile devices which use far less DRAM compared to PCs.</p>
<p>I went to the new mall last night to pick up a shirt at the Nike Store. It was moderately busy and I had to wait five minutes in the checkout line. They had three registers running. The mall wasn’t as crowded at that time compared to during the day and I think that it will be quieter as kids go back to school.</p>
<p>And then there’s this:</p>
<p>[Canadians</a> make run for the border - Bill Mann’s Canada - MarketWatch](<a href=“Canadians make run for the border - MarketWatch”>Canadians make run for the border - MarketWatch)</p>
<p>Fed meeting notes point to more interest in intervention; that’s not surprising. The economy is the pits.</p>
<p>[Why</a> Henry Blodget is dead wrong - Diana Furchtgott-Roth - MarketWatch](<a href=“Why Henry Blodget is dead wrong - MarketWatch”>Why Henry Blodget is dead wrong - MarketWatch)</p>
<p>So how much will AAPL jump this Monday? And will GOOG take a fall?</p>
<p>The number of news articles on the Apple vs Samsung trial is pretty amazing for a snoozy summer weekend. The gist is that Samsung willfully violated Apple’s patents in almost all of the points (I agree with this result) and that Apple violated none of Samsung’s patents (I didn’t pay any attention to the countersuit so I don’t know the merits there). Apple was awarded $1.05 billion (they were asking for more than double that) and the jury finding that it was willfull means that the judge can impose treble damages.</p>
<p>The amount of the award isn’t the problem - $1 billion isn’t a lot of money to Apple or Samsung on a one-time basis. The problem would be if Samsung had to stop selling phones. Google makes the operating system and worked very closely with Samsung on their designs. It’s a bit strange that they seem to have put more effort into Samsung’s phones than their own phones by their Motorola subsidiary where they are cutting about 4,000 employees. Google could be sued too but the operating system is free so it might not be worth it. But Apple could certainly go after Motorola and HTC and anyone else that makes phones.</p>
<p>Microsoft has a cross-licensing agreement with Apple so Windows Phones are safe.</p>
<p>This could really change the mobile-phone landscape for several years with Apple, potentially being able to charge more for their products because others won’t copycat their products and other makers charging more because they will have to license Apple’s IP.</p>
<p>I’m sure that Samsung will appeal - these sorts of cases seem to take years to get through the court system.</p>
<p>My feeling on the stocks: this is a plus for AAPL and a small negative for GOOG. If you want a Samsung smartphone, now would be a good time to buy it. Even then I don’t know for sure - Samsung could do a software update that disables infringing functionality and that could really stink.</p>
<p>I’m still on track to buy an iPhone 5. Me and 50 million of my closest friends.</p>
<p>I’m an iPhone person in an iPhone family, so I guess we are among your 50 million friends. Plus I’m an AAPL shareholder, so I’m happy. </p>
<p>Windows phones are remarkably different compared to iPhone/Android, so that plus the licensing agreements does shield them. I kind of like the windows GUI but I’ll stick with ios, although one of my kids is windows in part because of zunepass functionality. </p>
<p>I think that Samsung was a proxy for google/Android. It’s ironic that Samsung is a major parts supplier to Apple.</p>
<p>Going forward, if the Android manufacturers don’t go the route of royalty payments, there could be more innovation and variety if they decide to innovate rather than copy.</p>
<p>Mauldin has an excellent piece this weekend though it belongs more in the Parents Forum than in this thread. It’s about employment and why a college degree isn’t enough anymore and shows that a lot of job gains are going to those with advanced degrees and advanced years.</p>
<p>Purely anecdotal.</p>
<p>Walked into a Starbucks, yesterday, located on the edge of a top Ivy. Sat down at a long table. There were 8 laptops on that table, each an Apple. </p>
<p>Sent my daughter off to college last week with a perfectly functional, three-year-old Dell laptop. She tried the, “But Daddy, everyone has a Mac,” routine, and she may be right.</p>
<p>For as long as many of us can remember, high-tech industries have flourished in the suburban office parks that are so ubiquitous in Silicon Valley, North Carolina’s Research Triangle and other “nerdistans.” But in recent years, high-tech has been taking a decidedly urban turn.</p>
<p>Silicon Valley remains the world’s pre-eminent center of high-tech industry, of course. But even in the Valley, denser, more mixed-use and walkable places, like downtown Palo Alto, are becoming the preferred locations for start-ups and smaller firms. And many other start-ups—Pinterest, Zynga, Yelp, Square and Salesforce.com, to name just a notable few—are taking up residence in downtown San Francisco.</p>
<p>[Why</a> High-Tech Companies Are Moving to the City - WSJ.com](<a href=“Why High-Tech Companies Are Moving to the City - WSJ”>Why High-Tech Companies Are Moving to the City - WSJ)</p>
<p>Definitely seeing this in the Northeast.</p>