I have always used the standard Scottrade trading platform. Once you enter the trade info there is a "review" button so you can check your trade info, etc. before making the final trade. I like that.
Presumably the standard platform is slower, maybe because of the failsafe review feature, but once you hit trade it seems to be instantaneous.
as for AAPL - I see it running to $550+ in the next year
If that's the case, maybe I should buy more if it dips again (or even at this level). But, I am so emotionally gunshy right now, after what happened. But... it's opportunities like that, that will help get me back to where I was. I will need to really pull it together and ride out this storm. I've never seen anything like this. Even back during the crisis, I don't recall the market being so wildly irratic for so long... or was it? I recall it was a quicker disaster.
And, it wasn't such a GLOBAL international event last time. This time, seems like the whole world is screwed up. You really think AAPL can reach that kind of level, considering the global situation and the direction it is headed?
Hey, I thought the Rays defeat of the Yankees on the same night the Sox fell off the cliff was amazing.
Quite an insight into Amazon and Bezos. He kind of reminds me of Larry Ellison. Totally driven to be the biggest and best. I do find myself just going to Amazon for most everything electronic. Though you still have to price check as they are not always the lowest.
I'm sorry to read about your costly mistake. While recognizing that it's easy for me to say, my advice is don't be too hard on yourself. A keystroke slipup, which is easy to make, has no correlation with your intellectual abilities, or you as a person. None, nada, zero. I see it as one of the risks inherrent in trading, and especially active trading, when one may be anxious. It's an unanticipated risk, but a risk, nevertheless.
Active trading presumes that one can time the market, and/or guess the direction of a stock in the short term. It's easy to be lulled into believing that it can be done, that, somehow, you're gifted or more clairvoiant than those that are taking the opposite position to yours. However, very, very few active traders succeed in beating the averages, long term. That's because short-term movements are largely a result of random events and variables which, by definition, are unpredictable.
I respect you for disclosing your mistake. That takes character. A lot of investors boast about their gains, but keep quiet about their losses, or minimize them.
I wish you the best in your future investments. You're a bright guy, and, from what I can tell from your messages, a good strategic thinker. Time will diminish your pain.
I also have to respect the transparency. I would have been sick if a mistake of proportional amounts for me had been lost.
But as with many problems that have occurred for us and myself, they ease in pain with time. And hopefully you will recoup the amount with future good choices in the markets. I just hope you, Tagman, don't take extra risks over what you normally do hoping to regain the amount of that loss more quickly. Just keep the steady compass you have been using. And keep posting. I enjoy reading although my investing moves are much different because of age and type of investments.
I am encouraged by your words, and everyone's support. I am still reeling from the experience. Due to the mishap, trading in the market scares me right now.
But, I know that somewhere within the rubble there are opportunities. Many of us believe that AAPL is one of those, and today the stock got down to 373.17 at one point.
In the early moments of today's session, I sold the 500 AAPL shares that I own (I broke even), and then as the share price started to go down, I repurchased 1000 shares for $375.19. Not a bullseye on the low, but I just somehow have to believe that in a year from now, those thousand shares will look like a smart move. It took all the courage I could dig up to buy those thousand shares. I am scared to death that AAPL is going to go down to $300 - $350, or lower, and that I will lose $25K - $75K more than the 6-digits I have already lost in the market.
We'll see. If both the new iPhone 5 and the "special" "secret " announcement that Apple promises this week don't elevate the share price, then I will be concerned.
I picked up 200 shares today also at about $375. It went down a little more after that....and that was the highlight of my day. Fingers crossed for tomorrow.
I'd never offer investment advice, or even suggestions, since I know nothing about you. However, there's a saying, "when in doubt, stay out," that may be applicable in view of your current state. You're the only one who can decide whether a trading "time out?" is appropriate for you.
There's little doubt in my mind that the functionality of the Scottrade online trading system that you described is a deficiency that increases the buy-side risk.
He said he visualized that one day (he used a Monday in his post) he would wake up to find AAPL shares trading down $100/share.
That whole idea came to me last night. And I realized that AAPL shares had already dropped about HALF that distance in a very short time! So, I thought of that, and then thought that Apple is going to release the iPhone on Tuesday (today). And, I figured that the market would be terribly disappointed, because the market is sick, and it would sell on the news.
So, when I added Tony's remark to the Apple announcement, I knew that I should sell my 1000 shares of AAPL during the pre-market if the price was still holding firm. Well, the price was fine, and I sold off the shares.
At this moment, I see that AAPL shares are DOWN even further, but starting to climb back.
At the end of the day, the world situation has not changed, and frankly, it's anyone's guess as to how serious the world's woes really are. Often, the leaders keep us all in the dark as to how bad things are because if we all knew the full truth, there could be a lot of chaos that would result. So they try their best to keep us calm... and spending money.
I don't trust the current world situation, or the market, so I am not going to participate until things get better. I know I have the skills to make a killing in this market, but I also know that I can apply my skills best when the market is healthy. So, when/if that day should ever come again, I will return to the market.
In the meantime, I am considering my alternatives, and have not decided what I will do yet. The Obama administration continues to be a problem, and we have no leadership in Washington. Things could be bad for quite a while. It's anyone's guess.
Tony... you are a very wise person on this forum. I don't mean to take anything away from all the other brilliant members, but you are definitely a wise individual. I appreciate you.
EDIT: Looks like AAPL shares are dropping again. Man, this market is sick. Glad to be out of it for a while.
He said he visualized that one day (he used a Monday in his post) he would wake up to find AAPL shares trading down $100/share.
That whole idea came to me last night. And I realized that AAPL shares had already dropped about HALF that distance in a very short time! So, I thought of that, and then thought that Apple is going to release the iPhone on Tuesday (today). And, I figured that the market would be terribly disappointed, because the market is sick, and it would sell on the news.
Tony is definitely a wise man.
OK, I have been out of the loop until this moment. I am visiting my sister who is very ill in MA. So, what gives with the iPhone? Is the AAPL stock plummeting because there is no announcement of an iPhone5 but instead they are calling it the iPhone4S? Will there be an iPhone5 announcement?
Is the AAPL stock plummeting because there is no announcement of an iPhone5 but instead they are calling it the iPhone4S? Will there be an iPhone5 announcement?
I think that is exactly the issue. The rumor mill has been iPhone 5, iPhone 5, iPhone 5 and they underwhelm with the iPhone 4S.
At issue is that Apple has spoiled the market with each announcement. Although the 4S is a superior product, it's seems warmed over to a market that was expecting much, much more.
On a positive note is that Sprint has committed to $20 BILLION in iPhone purchases over the next 4 years.
Misery loves company----I too have had some problems, although not as bad as yours....It involved the sale of the appl stock in the account that I do not trade in....Of course it was the loss til today, but I wanted to sell half of it today and half tomorrow....Unfortunately that means no more apple for me, until thing simmmer down, as my investment philosophy is such that I don`t re visit past mistakes.......What happened though, is the person who places the order, thought I said to sell alll the stock, so it was all sold......Strange how errors don`t every go in a persons favor...Always the opposite....I just told them to leave it be, and maybe it was an omen....Fine way to make investments...OMEN..
We all have our errors to work through.....I stilll think appl is a fine company, and I mistimed my buy.....As I mentioned , I don`t average down, and I didn`t mention, I don`t re-visit in an investment account , when I make a mistake.....I just accept the loss, with the thought I`l never get that money back...It`s gone...
Well, those that had b...s, bought AAPL at about $3.55. It seems like a steal at that level. The rally was furious and impressive. This is especially the case with the Dow. Quite a day!!
I played golf today and about an hour or so ago I checked the market from my phone on the way home. I was down about $7500. at that time and nearly drove off the road. After the big rally I ended up down $76.
STON has been sinking like a rock. If not for it I would have made a nice profit today. What a relief !!!
Got to draw a line somewhere....my cost was too high.....bad move on my part buying so high. It's the people who do not recognize that they can be wrong, who are destined to really get hurt...I wanted to have a long term relationship, but got dumped. Pisses me off...Tony
I was at my computer when the AAPL share price fell under $355.
I bought 1000 shares at $354.59!!, and then my wife came in my office. "What are you doing?". I looked in her eyes and saw her concern. I had only first told her about last week's mess just hours earlier this morning. So she was still dealing with the news of what had happened. "Nothing honey", as I quickly sold back those 1000 shares that I had just bought.
I was actually about to buy an additional 1000 shares for a total of 2000 shares.
So, instead of replenishing my account with what would have been around $34K today, I have "nothing honey".
I'm sure that somewhere there is a lesson in all of this, but frankly, it's starting to really hurt. I'm going to need medication if this continues.
Sorry to hear of your experience today. Looks like we both missed out.
. . .my little decimal mistake cost me over $100,000.
I can't fathom that kind of a loss in a single day on a single stock. A 15K swing in a week is a big deal to me.
FWIW, it could have been quite a bit worse. On the day in question that stock peaked at 233.55 & hit its low at 216.81, at least according to my crude tools. The difference of 16.74 didn't seem like such a big deal until the 15,000 shares is taken into account, at which time the loss becomes $251,100.
My mind is not functioning quire right at this time. My family is very concerned about my sister. She has been diagnosed with that terrible word that begins with C. It is in an advanced stage and started in the lung. A good thing I wasn't trading today.
SO, the analysts were very much underwhelmed with the iPhone4S. Could this be a short transition to an even better iPhone5 to be released this winter perhaps? Apple will still have huge earnings and a very bright future.
That is bad news, and I am sorry for everyone......
I have found out over the years, that the thing that gives the most problems are the service providers.....Apple is way in front with their products, and ease of use, but the wire providers, and wireless are slow to keep up..
We both like the ipad , and I experimented with a one month Verizon 3g hookup....It is relatively slow to slow, and the range is very iffy particularly up in the mountains.....They say they have us covered and they might, as the mobile phone works, but the data plan doesn`t.....I was hoping to just drop the landline everywhere, and go wireless, but it isn`t ready yet....4g would cover the speed issue, and I guess Apple just think it is not the time yet to participate in that market...
I regret I won`t be invested in the stock for the forceable future, as I got blown out today, but over time I think the stock is as fine a stock as there is.....Tony
I regret I won`t be invested in the stock for the forceable future, as I got blown out today, but over time I think the stock is as fine a stock as there is...
That's a crying shame Tony. But you have to trade in a way that is comfortable to you and stand by your convictions.
Quote from the below NY Times story on the upgraded iPhone:
At the end of the day, there are still going to be long lines for this,” said Gene Munster, an analyst at Piper Jaffray. “They could have been even longer if they’d changed the hardware more.”
He said he visualized that one day (he used a Monday in his post) he would wake up to find AAPL shares trading down $100/share.
But that would make Apple's multiple so low that the company would step in and buy their own stock. The only thing that would support such a large drop would be something that effects the entire market or a precipitous fall in earnings and you'd pick up on that by seeing Apple stores suddenly empty. Apple to me is so safeguarded by it's low multiple. I heard on CNBC, but haven't done the math, that if Apple was trading at Amazon's multiple it would be worth over $2 trillion. Now Netflix always scared the daylights out of me and Amazon with it's absurd multiple on such low profit margins still does.
I continue to empathize with what you're going through, tagman. Although the devil may be in the details in terms of the decimal issue, I'm wondering how Scottrade defended that its trading system didn't recognize the decimal in your buy order.
You said that you accepted total responsibility for what happened. Did Scottrade, in any way, disclose that their system ignores decimals, or were you presumed to either know this, or not to assume otherwise? I also wonder about how frequently this type of error occurs at Scottrade.
Please feel free not to respond to these questions if you feel they're innappropriate.
My daughter is an Apple junkie ... she has an iPhone, an iPad and a couple of iPods. Should she decide to replace her laptop, it wouldn't surprise me in the least that she would get an Apple product as well.
Both the wife and I have iPods, and, now that the iPhone is available with Sprint, the wife has mentioned that she wants an iPhone as well. What I haven't read is whether Sprint will only carry the iPhone 4S or if the older models will be available as well.
I don't mind your questions at all. It does seem outrageous, and I understand why you would ask.
Inputting in the quantity field should not need decimals, although in the technical sense, a decimal is a VALID mathematical entity. However, if a decimal is put in, the system (if sound is enabled) will respond with a little beep to indicate an entry error, and then the software READILY ACCEPTS the next two numbers as though they are LEGITIMATE entries. It does not discontinue acepting the next two inputs, as I believe it should. The input of a decimal, IMO, is a mathematical instruction that defines the limit of the values to the left of the decimal.
By using the Scottrade software, the user acknowledges and accepts that all responsibility for the use of the Scottrade platform is with the user. Perhaps from a legal standpoint, Scottrade has a problem here, and I tend to think they could be liable, but I am reluctant to go through the process of a lawsuit.
SO, the analysts were very much underwhelmed with the iPhone4S. Could this be a short transition to an even better iPhone5 to be released this winter perhaps? Apple will still have huge earnings and a very bright future.
Some of the enthusiast sites (gizmodo, engadget, et al) had images of iPhone 5 labeled produt and accessories so the expectation was an all new iPhone with a new form factor.
The changes are a step forward and they could have created a new form factor and called it the iPhone 5. The lack of a new form factor is probably the biggest issue. On some websites, the biggest complaint from the early adopters is "I'll stick with my iPhone 4. Nobody would be able to tell I had a 4S anyway."
I also doubt that an iPhone 5 will come in the winter. I see it being announced sometime next June.
Our throwaway society has to have something new every few months. So when a company does not deliver what is expected they will get negative press. Hopefully the iPhone 4s improves the voice quality of the iPhone. Reading a lot of reviews, that is far and away the biggest complaint with the iPhone 4. Probably the main reason the Android smartphones outsell the iPhone.
I still cannot make up my mind if I even need a Smartphone.
Reading a lot of reviews, that is far and away the biggest complaint with the iPhone 4. Probably the main reason the Android smartphones outsell the iPhone.
The main reason that Android phones outsell the iPhone is that Android based phones are offered by numerous manufacturers and are generally cheaper than iPhones. Iphone is one product on 2 carriers. Android is hundreds of phones on all carriers.
If Apple licensed iOS - which will never happen, you'd probably see the reverse.
Here's a graph from Sept 27 showing Android's growth. Interesting is that iPhone share is maintained but look at the loser:
Thanks for your clarification, but it didn't address whether the nuances of the software are adequately disclosed to the investor. Also, I wonder what the value of the beep is if the order goes through, other than the fact that the error can be caught immediately. Prompt action can mitigate the size of a loss, but not necessarily. Do the procedures recommend enabling the sound?
Is arbitration an option? I'm not suggesting it if it were, just asking.
I do not know if the nuances of the software of disclosed adequately. Basically, an account holder signs a agreement that they assume all risk and liability, and although I think there are legal exceptions to this, it is hard to say if this is a legal matter worth pursuing.
I personlly need to move forward and get past it all. I am not sure when I will find the inner stability I need to go back into the market, although I was close yesterday, had it not been for my wife's intervention.
I will likely wait until the market is healthy again, or if there is a HUGE opportunity that I cannot resist. I really can't predict at this point.
I just heard the sad news that the great Apple founder has died. In after hours trading, the stock is just a hair lower. This news should not be much of a surprise. In fact, I would not be surprised if AAPL closes significantly higher tomorrow as a tribute to Steve. Plus, the markets in general seem to be behaving a lot better yesterday and today.
Gotta wonder if the recent drop in share price was tied in with managers who had advanced knowledge that Steve's death was near and sold out. A drop tied in with disappointment over the iPhone's name doesn't make a lot of sense to me given that the new phone has many new desirable features and simply lacks the number 5 plus it has another cell phone company which should lead to titanic sales volume.
Gotta wonder if the recent drop in share price was tied in with managers who had advanced knowledge that Steve's death was near and sold out. A drop tied in with disappointment over the iPhone's name doesn't make a lot of sense to me given that the new phone has many new desirable features and simply lacks the number 5 plus it has another cell phone company which should lead to titanic sales volume.
I have been wondering the same thing the past hour or so Len. I bet that big time investors knew this day was imminent as of a couple weeks ago. I bet THIS is the reason AAPL sold off from about $423 on September 20 to as low as $350 yesterday morning. It makes a lot of sense now.
Well, so far so good. AAPL has behaved as I thought it would this morning. After being $5-$6 lower very early, it rallied nicely to as much as about $6 higher. I think AAPL will have a good day today and in the weeks ahead.
BTW, even though the new iPhone is not called the iPhone5 and does not have any significant hardware changes, the software upgrades sound awesome. I want one! I will likely change providers in the not too distant future so that I can get the iPhone4S. I imagine there are millions more like me.
I'm sure there are great stories on Steve Jobs in many papers but here's the one in today's NY Times, which is excellent.
Here's an excerpt/quote from the story and this type of quote almost always captures a visionary leader.
Regis McKenna, a longtime Silicon Valley marketing executive to whom Mr. Jobs turned in the late 1970s to help shape the Apple brand, said Mr. Jobs’s genius lay in his ability to simplify complex, highly engineered products, “to strip away the excess layers of business, design and innovation until only the simple, elegant reality remained.”
Comments
Presumably the standard platform is slower, maybe because of the failsafe review feature, but once you hit trade it seems to be instantaneous.
2013 LX 570 2016 LS 460
If that's the case, maybe I should buy more if it dips again (or even at this level). But, I am so emotionally gunshy right now, after what happened. But... it's opportunities like that, that will help get me back to where I was. I will need to really pull it together and ride out this storm. I've never seen anything like this. Even back during the crisis, I don't recall the market being so wildly irratic for so long... or was it? I recall it was a quicker disaster.
And, it wasn't such a GLOBAL international event last time. This time, seems like the whole world is screwed up. You really think AAPL can reach that kind of level, considering the global situation and the direction it is headed?
Hey, I thought the Rays defeat of the Yankees on the same night the Sox fell off the cliff was amazing.
TM
http://www.businessweek.com/magazine/the-omnivore-09282011.html
Terrific article.
TM
Active trading presumes that one can time the market, and/or guess the direction of a stock in the short term. It's easy to be lulled into believing that it can be done, that, somehow, you're gifted or more clairvoiant than those that are taking the opposite position to yours. However, very, very few active traders succeed in beating the averages, long term. That's because short-term movements are largely a result of random events and variables which, by definition, are unpredictable.
I respect you for disclosing your mistake. That takes character. A lot of investors boast about their gains, but keep quiet about their losses, or minimize them.
I wish you the best in your future investments. You're a bright guy, and, from what I can tell from your messages, a good strategic thinker. Time will diminish your pain.
I also have to respect the transparency. I would have been sick if a mistake of proportional amounts for me had been lost.
But as with many problems that have occurred for us and myself, they ease in pain with time. And hopefully you will recoup the amount with future good choices in the markets. I just hope you, Tagman, don't take extra risks over what you normally do hoping to regain the amount of that loss more quickly. Just keep the steady compass you have been using. And keep posting. I enjoy reading although my investing moves are much different because of age and type of investments.
2014 Malibu 2LT, 2015 Cruze 2LT,
2014 Malibu 2LT, 2015 Cruze 2LT,
Thank you for your post. Very nice words indeed.
I am encouraged by your words, and everyone's support. I am still reeling from the experience. Due to the mishap, trading in the market scares me right now.
But, I know that somewhere within the rubble there are opportunities. Many of us believe that AAPL is one of those, and today the stock got down to 373.17 at one point.
In the early moments of today's session, I sold the 500 AAPL shares that I own (I broke even), and then as the share price started to go down, I repurchased 1000 shares for $375.19. Not a bullseye on the low, but I just somehow have to believe that in a year from now, those thousand shares will look like a smart move. It took all the courage I could dig up to buy those thousand shares. I am scared to death that AAPL is going to go down to $300 - $350, or lower, and that I will lose $25K - $75K more than the 6-digits I have already lost in the market.
We'll see. If both the new iPhone 5 and the "special" "secret " announcement that Apple promises this week don't elevate the share price, then I will be concerned.
Again, thanks!
TM
2013 LX 570 2016 LS 460
Gosh, who wouldn't be?
"trading in the market scares me right now."
I'd never offer investment advice, or even suggestions, since I know nothing about you. However, there's a saying, "when in doubt, stay out," that may be applicable in view of your current state. You're the only one who can decide whether a trading "time out?" is appropriate for you.
There's little doubt in my mind that the functionality of the Scottrade online trading system that you described is a deficiency that increases the buy-side risk.
He said he visualized that one day (he used a Monday in his post) he would wake up to find AAPL shares trading down $100/share.
That whole idea came to me last night. And I realized that AAPL shares had already dropped about HALF that distance in a very short time! So, I thought of that, and then thought that Apple is going to release the iPhone on Tuesday (today). And, I figured that the market would be terribly disappointed, because the market is sick, and it would sell on the news.
So, when I added Tony's remark to the Apple announcement, I knew that I should sell my 1000 shares of AAPL during the pre-market if the price was still holding firm. Well, the price was fine, and I sold off the shares.
At this moment, I see that AAPL shares are DOWN even further, but starting to climb back.
At the end of the day, the world situation has not changed, and frankly, it's anyone's guess as to how serious the world's woes really are. Often, the leaders keep us all in the dark as to how bad things are because if we all knew the full truth, there could be a lot of chaos that would result. So they try their best to keep us calm... and spending money.
I don't trust the current world situation, or the market, so I am not going to participate until things get better. I know I have the skills to make a killing in this market, but I also know that I can apply my skills best when the market is healthy. So, when/if that day should ever come again, I will return to the market.
In the meantime, I am considering my alternatives, and have not decided what I will do yet. The Obama administration continues to be a problem, and we have no leadership in Washington. Things could be bad for quite a while. It's anyone's guess.
Tony... you are a very wise person on this forum. I don't mean to take anything away from all the other brilliant members, but you are definitely a wise individual. I appreciate you.
EDIT: Looks like AAPL shares are dropping again. Man, this market is sick. Glad to be out of it for a while.
TM
That whole idea came to me last night. And I realized that AAPL shares had already dropped about HALF that distance in a very short time! So, I thought of that, and then thought that Apple is going to release the iPhone on Tuesday (today). And, I figured that the market would be terribly disappointed, because the market is sick, and it would sell on the news.
Tony is definitely a wise man.
OK, I have been out of the loop until this moment. I am visiting my sister who is very ill in MA. So, what gives with the iPhone? Is the AAPL stock plummeting because there is no announcement of an iPhone5 but instead they are calling it the iPhone4S? Will there be an iPhone5 announcement?
I think that is exactly the issue. The rumor mill has been iPhone 5, iPhone 5, iPhone 5 and they underwhelm with the iPhone 4S.
At issue is that Apple has spoiled the market with each announcement. Although the 4S is a superior product, it's seems warmed over to a market that was expecting much, much more.
On a positive note is that Sprint has committed to $20 BILLION in iPhone purchases over the next 4 years.
We all have our errors to work through.....I stilll think appl is a fine company, and I mistimed my buy.....As I mentioned , I don`t average down, and I didn`t mention, I don`t re-visit in an investment account , when I make a mistake.....I just accept the loss, with the thought I`l never get that money back...It`s gone...
I sure don`t fell very smart.....Tony
2013 LX 570 2016 LS 460
STON has been sinking like a rock. If not for it I would have made a nice profit today. What a relief !!!
2013 LX 570 2016 LS 460
That decimal slipped a couple of places! :sick:
If it's 3.55, I'll take 10,000 shares! I'm sure it'll go up from here.
2014 Malibu 2LT, 2015 Cruze 2LT,
I was at my computer when the AAPL share price fell under $355.
I bought 1000 shares at $354.59!!, and then my wife came in my office. "What are you doing?". I looked in her eyes and saw her concern. I had only first told her about last week's mess just hours earlier this morning. So she was still dealing with the news of what had happened. "Nothing honey", as I quickly sold back those 1000 shares that I had just bought.
I was actually about to buy an additional 1000 shares for a total of 2000 shares.
So, instead of replenishing my account with what would have been around $34K today, I have "nothing honey".
I'm sure that somewhere there is a lesson in all of this, but frankly, it's starting to really hurt. I'm going to need medication if this continues.
Sorry to hear of your experience today. Looks like we both missed out.
TM
That decimal slipped a couple of places!
If it's 3.55, I'll take 10,000 shares! I'm sure it'll go up from here.
Well, I'm glad I'm not the only one making mistakes with decimals around here!
Just one little difference... my little decimal mistake cost me over $100,000. :sick: :sick:
TM
I can't fathom that kind of a loss in a single day on a single stock. A 15K swing in a week is a big deal to me.
FWIW, it could have been quite a bit worse. On the day in question that stock peaked at 233.55 & hit its low at 216.81, at least according to my crude tools. The difference of 16.74 didn't seem like such a big deal until the 15,000 shares is taken into account, at which time the loss becomes $251,100.
Wow--certainly way out of my pay grade.
That decimal slipped a couple of places!
My mind is not functioning quire right at this time. My family is very concerned about my sister. She has been diagnosed with that terrible word that begins with C. It is in an advanced stage and started in the lung. A good thing I wasn't trading today.
SO, the analysts were very much underwhelmed with the iPhone4S. Could this be a short transition to an even better iPhone5 to be released this winter perhaps? Apple will still have huge earnings and a very bright future.
I have found out over the years, that the thing that gives the most problems are the service providers.....Apple is way in front with their products, and ease of use, but the wire providers, and wireless are slow to keep up..
We both like the ipad , and I experimented with a one month Verizon 3g hookup....It is relatively slow to slow, and the range is very iffy particularly up in the mountains.....They say they have us covered and they might, as the mobile phone works, but the data plan doesn`t.....I was hoping to just drop the landline everywhere, and go wireless, but it isn`t ready yet....4g would cover the speed issue, and I guess Apple just think it is not the time yet to participate in that market...
I regret I won`t be invested in the stock for the forceable future, as I got blown out today, but over time I think the stock is as fine a stock as there is.....Tony
That's a crying shame Tony. But you have to trade in a way that is comfortable to you and stand by your convictions.
At the end of the day, there are still going to be long lines for this,” said Gene Munster, an analyst at Piper Jaffray. “They could have been even longer if they’d changed the hardware more.”
The whole NY Times story:
http://www.nytimes.com/2011/10/05/technology/apple-introduces-a-new-iphone-with-- - - - - a-personal-assistant.html?_r=1&ref=business
Plus story on growing competitiveness from Droid:
http://www.nytimes.com/2011/10/04/technology/apple-iphone-faces-divided-loyaltie- - - - - s.html?ref=todayspaper
He said he visualized that one day (he used a Monday in his post) he would wake up to find AAPL shares trading down $100/share.
But that would make Apple's multiple so low that the company would step in and buy their own stock. The only thing that would support such a large drop would be something that effects the entire market or a precipitous fall in earnings and you'd pick up on that by seeing Apple stores suddenly empty. Apple to me is so safeguarded by it's low multiple. I heard on CNBC, but haven't done the math, that if Apple was trading at Amazon's multiple it would be worth over $2 trillion. Now Netflix always scared the daylights out of me and Amazon with it's absurd multiple on such low profit margins still does.
I have not changed my mind on Apple one iota. This stock is better than gold in spite of the huge sell-off the past couple weeks.
You said that you accepted total responsibility for what happened. Did Scottrade, in any way, disclose that their system ignores decimals, or were you presumed to either know this, or not to assume otherwise? I also wonder about how frequently this type of error occurs at Scottrade.
Please feel free not to respond to these questions if you feel they're innappropriate.
My daughter is an Apple junkie ... she has an iPhone, an iPad and a couple of iPods. Should she decide to replace her laptop, it wouldn't surprise me in the least that she would get an Apple product as well.
Both the wife and I have iPods, and, now that the iPhone is available with Sprint, the wife has mentioned that she wants an iPhone as well. What I haven't read is whether Sprint will only carry the iPhone 4S or if the older models will be available as well.
Inputting in the quantity field should not need decimals, although in the technical sense, a decimal is a VALID mathematical entity. However, if a decimal is put in, the system (if sound is enabled) will respond with a little beep to indicate an entry error, and then the software READILY ACCEPTS the next two numbers as though they are LEGITIMATE entries. It does not discontinue acepting the next two inputs, as I believe it should. The input of a decimal, IMO, is a mathematical instruction that defines the limit of the values to the left of the decimal.
By using the Scottrade software, the user acknowledges and accepts that all responsibility for the use of the Scottrade platform is with the user. Perhaps from a legal standpoint, Scottrade has a problem here, and I tend to think they could be liable, but I am reluctant to go through the process of a lawsuit.
Thanks!
TM
Some of the enthusiast sites (gizmodo, engadget, et al) had images of iPhone 5 labeled produt and accessories so the expectation was an all new iPhone with a new form factor.
The changes are a step forward and they could have created a new form factor and called it the iPhone 5. The lack of a new form factor is probably the biggest issue. On some websites, the biggest complaint from the early adopters is "I'll stick with my iPhone 4. Nobody would be able to tell I had a 4S anyway."
I also doubt that an iPhone 5 will come in the winter. I see it being announced sometime next June.
I still cannot make up my mind if I even need a Smartphone.
The main reason that Android phones outsell the iPhone is that Android based phones are offered by numerous manufacturers and are generally cheaper than iPhones. Iphone is one product on 2 carriers. Android is hundreds of phones on all carriers.
If Apple licensed iOS - which will never happen, you'd probably see the reverse.
Here's a graph from Sept 27 showing Android's growth. Interesting is that iPhone share is maintained but look at the loser:
Is arbitration an option? I'm not suggesting it if it were, just asking.
I personlly need to move forward and get past it all. I am not sure when I will find the inner stability I need to go back into the market, although I was close yesterday, had it not been for my wife's intervention.
I will likely wait until the market is healthy again, or if there is a HUGE opportunity that I cannot resist. I really can't predict at this point.
TM
Steve Jobs Passing
Regards,
OW
A true one of a kind.
He was one of the real leaders in the technology revolution.
He will be missed.
Regards,
OW
I have been wondering the same thing the past hour or so Len. I bet that big time investors knew this day was imminent as of a couple weeks ago. I bet THIS is the reason AAPL sold off from about $423 on September 20 to as low as $350 yesterday morning. It makes a lot of sense now.
BTW, even though the new iPhone is not called the iPhone5 and does not have any significant hardware changes, the software upgrades sound awesome. I want one! I will likely change providers in the not too distant future so that I can get the iPhone4S. I imagine there are millions more like me.
Here's an excerpt/quote from the story and this type of quote almost always captures a visionary leader.
Regis McKenna, a longtime Silicon Valley marketing executive to whom Mr. Jobs turned in the late 1970s to help shape the Apple brand, said Mr. Jobs’s genius lay in his ability to simplify complex, highly engineered products, “to strip away the excess layers of business, design and innovation until only the simple, elegant reality remained.”
http://www.nytimes.com/2011/10/06/business/steve-jobs-of-apple-dies-at-56.html?_- - r=1&hp