<p>Futures are up - should be an interesting week</p>
<p>A coworker who’s really into technology is planning on upgrading to the iPhone 5 when it comes out. If Apple does a MacBook Pro retina display, then he will upgrade to that when it comes out too.</p>
<p>He has had a few iPhones and what he told me is that Apple adds a lot of functionality to every iOS release - it will run on older phones but performance won’t be that good. This is very similar to the Microsoft - Intel dance in the 1990s and most of the 2000s. Bit operating system release or layered software release which requires more compute horsepower so you upgrade your system generating hardware and software revenue. It seems to me that Apple has a ways to go on this but it is an interesting lesson in planned obsolescence. </p>
<p>In general, this hasn’t been true in PCs for a few years. Microsoft hasn’t been bloating up their operating systems while Intel has been making significantly faster processors - the result being that processors that are four or five years old run fine - the main advantage of new processors is that they require less power for the same amount of compute work.</p>
<p>Let’s see…gold down, oil prices down, silver down, equity futures down, 10 year yield down below 1.7%, Spain equities down, Dax down…</p>
<p>My neighbor said she bought 1500 shares of FB because I liked it. She misunderstood me. I told her I liked it just for a trade. I feel kind of bad about it. People have selective listening. I have to remember that.</p>
<p>12,000 before 13,500</p>
<p>CLN2 is down over 2 dollars…</p>
<p>Over 200 stocks in the S&P 500 yield more than the ten year treasury…</p>
<p>vix is up 2 points…</p>
<p>Your neighbor bought 1500 shares of FB, because she ‘thought’ you liked it? ;(
No due diligence on her part? And one wonders when retail investors get their clock cleaned…</p>
<p>She wanted to buy it anyway…but probably not 1500 shares…It was her idea until the stock dropped…then it was my idea. :)</p>
<p>She was told she had to hold FB for 31 days before she could sell the stock…which is bs.</p>
<p>I do feel bad because $13,500 is a big hit…</p>
<p>When I was on the floor a long time ago…I was trading options in a stock and there was a tremendous amount of call buying…which is bullish…</p>
<p>I had my friends and family in that stock…when the stock went down instead…I reimbursed everybody. I then decided that I would keep my mouth shut. No tips.
When tips work, the buyer gets the credit, when tips fail…the tipster gets the blame. A no win situation for the tipster. Unless you are selling
your advice. ;)</p>
<p>Anyway…I was positive about buying the FB IPO…as long as the stock was sold as soon as the stock started downticking. I thought I was clear on that. ;)</p>
<p>Unseasoned traders look for someone to blame if their trades don’t go right. That’s why mutual funds were so popular - you could blame the fund manager.</p>
<p>I guess so.</p>
<p>I was talking to a friend this weekend and he told me was invested in etfs. I think he has a financial advisor. I have this impression that he doesn’t understand his investments very well…but I kept my mouth shut. :)</p>
<p>Unseasoned stock traders should stick to going to the horse track–you can lose your money just as fast, but at least you can get some fresh air and sun while wagering and enjoying the races.</p>
<p>:)…</p>
<p>Let’s not think that ‘seasoned’ traders don’t lose money , because we all know they do. ;)</p>
<p>True…</p>
<p>Maybe Las Vegas is better - you can get cheap drinks and free food while you lose your money (BTW, I don’t drink outside a tenth of an ounce once a year).</p>
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<p>I didn’t say that. But seasoned traders look to themselves when things go wrong, figure out what they did wrong and then make adjustments.</p>
<p>I don’t drink either…qdogpa can drink for both of us.</p>
<p>BC, just pointing out retail and professionals ALL lose money at times…the difference,for the most part,is retail loses their OWN money, and professionals lose others money, usually retails. Lol.</p>
<p>Can’t have a drink today, it is only wednesday…tommorrow is a different story…</p>
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<p>Does anyone here not understand this?</p>
<p>" Can’t have a drink today, it is only wednesday…tommorrow is a different story." :)</p>
<p>Many professionals lose their own money. Some people trade their own money.</p>
<p>I am not doing too well today. :)</p>
<p>And i am not a professional,and having a very good day. ;)</p>