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Old 08-30-2015, 02:38 PM
 
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Quote:
Originally Posted by kwong7 View Post
Pretty good pair-trade hedge there. I don't know how far down some of the latest IPOs will go, they really blitzed the market before recent drop. I've been thinking about shorting TIF on Asian/Euro weakness, but I think your HABT short is safer.
TIF actually looks like a possible buy right now because it has snagged a little ledge, so there are some signs it could have hit a short-term bottom. You'd set a stop at slightly below $81.50, so you're risk is minimal.

I'll post a picture of HABT, why I decided to go short on Friday. If it goes up again, I'll cover the position. Eventually, it will break through.

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Old 08-30-2015, 06:13 PM
 
Location: On the plateau, TN
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My guess would be the DOW opens down tomorrow morning ~300 points...
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Old 08-30-2015, 07:01 PM
 
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it is down 200 now at 8:00pm est
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Old 08-30-2015, 07:40 PM
 
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Originally Posted by mathjak107 View Post
it is down 200 now at 8:00pm est
I hope it declines even further

I got back in and out nicely last week which made for a very tidy profit.
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Old 08-30-2015, 08:31 PM
 
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Originally Posted by mathjak107 View Post
it is down 200 now at 8:00pm est
I bought aapl last week for 107. Do you think buying apple for the long term (in IRA and in other investment accounts) is a good idea? (at least 15+ years)
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Old 08-30-2015, 09:45 PM
 
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Originally Posted by Thinking-man View Post
I bought aapl last week for 107. Do you think buying apple for the long term (in IRA and in other investment accounts) is a good idea? (at least 15+ years)
I am not sure about the next 15 year but AAPL will do quite well for the next 2 years. My price target is $135. (I had to lower it from $145 because of China slowdown although it is overhyped.)
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Old 08-31-2015, 02:27 AM
 
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Quote:
Originally Posted by Thinking-man View Post
get your crystal balls out folks!
but seriously (sorta), what's the likelihood of another big (>500 points) drop in the DOW on Monday 8/31?

my guess is that it's not very likely.
I feel pretty sure - like 75% - that we'll see at least a 500 pt drop on Monday. Chinese support did not work, Asian markets are down. Futures are very down. Very unlikely that US exchanges will not feel the cold breeze.

Just sayin'.
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Old 08-31-2015, 03:20 AM
 
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Originally Posted by Thinking-man View Post
I bought aapl last week for 107. Do you think buying apple for the long term (in IRA and in other investment accounts) is a good idea? (at least 15+ years)
i don't know , i can't guess the whims of a particular company . if you grew up with general motors who would ever think they wouldn't be top dog forever.

in all of business there is always someone who comes along and does things better and cheaper.

it isn't apple you have to worry about as much as the competitors and what they have on their drawing board .

which is why my serious money is never put in individual stocks with individual company risk .
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Old 08-31-2015, 07:20 AM
 
4,196 posts, read 6,272,007 times
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Quote:
Originally Posted by mathjak107 View Post
i don't know , i can't guess the whims of a particular company . if you grew up with general motors who would ever think they wouldn't be top dog forever.

in all of business there is always someone who comes along and does things better and cheaper.

it isn't apple you have to worry about as much as the competitors and what they have on their drawing board .

which is why my serious money is never put in individual stocks with individual company risk .
Ok. Good point. Thanks.
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Old 08-31-2015, 09:07 AM
 
24,328 posts, read 26,735,248 times
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Originally Posted by bmw335xi View Post
TIF actually looks like a possible buy right now because it has snagged a little ledge, so there are some signs it could have hit a short-term bottom. You'd set a stop at slightly below $81.50, so you're risk is minimal.

I'll post a picture of HABT, why I decided to go short on Friday. If it goes up again, I'll cover the position. Eventually, it will break through.
Nice 3% drop, covered
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