Comments on: Speaking of Apple… http://tradermike.net/2005/02/speaking_of_apple/ Trading, Stocks, Stock Market, Money Mangement & Risk Management Sat, 22 Nov 2008 14:14:57 +0000 http://wordpress.org/?v=2.6.3 By: Michael http://tradermike.net/2005/02/speaking_of_apple/#comment-1156 Michael Sun, 27 Feb 2005 17:48:22 +0000 http://www.tradermike.net/2005/02/speaking_of_apple/#comment-1156 Ken, Thanks for the note. I'm glad to hear that you do have a breaking point on that Apple trade. Given that your columns are monthly, perhaps you should include info about when/where you plan to exit. As for E-Loan, If you rec'd it at 14 and it went to 70, I'd hard hardly call that a bad call. People could have easily gotten their initial money back, and then some, had they sold just a portion on the way up to 70. People who rode it all the way up and back down to 2 can only blame themselves for poor money/trade management. Ken,

Thanks for the note. I’m glad to hear that you do have a breaking point on that Apple trade. Given that your columns are monthly, perhaps you should include info about when/where you plan to exit.

As for E-Loan, If you rec’d it at 14 and it went to 70, I’d hard hardly call that a bad call. People could have easily gotten their initial money back, and then some, had they sold just a portion on the way up to 70. People who rode it all the way up and back down to 2 can only blame themselves for poor money/trade management.

]]> By: Ken Kurson http://tradermike.net/2005/02/speaking_of_apple/#comment-1155 Ken Kurson Sun, 27 Feb 2005 08:13:19 +0000 http://www.tradermike.net/2005/02/speaking_of_apple/#comment-1155 Liz, I'm glad you think I write entertaining copy, but I didn't recommended E-Loan at $70. I bought it at IPO at 14 and as I detailed in the column to which you allude (Esquire, Nov 99), it had gotten way ahead of itself. Yes, even recommending it at $14 turned out to be a bad call. Hopefully, no one expects a monthly column to be a source for market timing advice. But unlike the thousands of buttheads who write about stocks and never hold themselves accountable, I revisited that pick, took full responsibility for it, and as Michael observed, thought through the story with a much better call. You win some, you lose some -- where were you when I recommended shorting Tyco pre-arrest or buying Doubleclick before it quadrupled? Yes, I've made my share of bad calls. We all have. But when I was publishing my real-money, real trade portfolios, I consistently beat the market. As for Apple, I'm hanging in there short and will until 100 (50, now that it's split). And I had lunch with the former CEO and new CEO of E-Loan on Wed and remain committed to the stock. KK Liz, I’m glad you think I write entertaining copy, but I didn’t recommended E-Loan at $70. I bought it at IPO at 14 and as I detailed in the column to which you allude (Esquire, Nov 99), it had gotten way ahead of itself. Yes, even recommending it at $14 turned out to be a bad call. Hopefully, no one expects a monthly column to be a source for market timing advice. But unlike the thousands of buttheads who write about stocks and never hold themselves accountable, I revisited that pick, took full responsibility for it, and as Michael observed, thought through the story with a much better call. You win some, you lose some — where were you when I recommended shorting Tyco pre-arrest or buying Doubleclick before it quadrupled? Yes, I’ve made my share of bad calls. We all have. But when I was publishing my real-money, real trade portfolios, I consistently beat the market.
As for Apple, I’m hanging in there short and will until 100 (50, now that it’s split). And I had lunch with the former CEO and new CEO of E-Loan on Wed and remain committed to the stock. KK

]]> By: demnuts http://tradermike.net/2005/02/speaking_of_apple/#comment-1154 demnuts Fri, 25 Feb 2005 18:45:16 +0000 http://www.tradermike.net/2005/02/speaking_of_apple/#comment-1154 also I found carl swenson is not impressed with aapl this link from stockcharts.com <a href="http://stockcharts.com/commentary/archives/cww20050219m.html#carlswenlin" rel="nofollow">http://stockcharts.com/commentary/archives/cww20050219m.html#carlswenlin</a> also I found carl swenson is not impressed with aapl
this link from stockcharts.com
http://stockcharts.com/commentary/archives/cww20050219m.html#carlswenlin

]]> By: demnuts http://tradermike.net/2005/02/speaking_of_apple/#comment-1153 demnuts Fri, 25 Feb 2005 18:24:41 +0000 http://www.tradermike.net/2005/02/speaking_of_apple/#comment-1153 still apple seems more a short play than a long, if it does hit 100, I may buy some puts, which are high priced right now, but I just don't have the balls to short out right. still apple seems more a short play than a long, if it does hit 100, I may buy some puts, which are high priced right now, but I just don’t have the balls to short out right.

]]> By: Michael http://tradermike.net/2005/02/speaking_of_apple/#comment-1152 Michael Fri, 25 Feb 2005 16:32:02 +0000 http://www.tradermike.net/2005/02/speaking_of_apple/#comment-1152 Liz, It's funny that you mention his E-Loan call b/c he has a side note about E-Loan along with the Apple article. Apparently he reccomended it again when it was at $2. When he wrote the note it had risen to $3.66. He says that it could be acquired for $6 to $7.50 and if that happens and you still own the shares that you bought at $2, that should ease the pain if you also bought when he suggested buying the IPO. LMAO That's one hell of a scenario Liz,

It’s funny that you mention his E-Loan call b/c he has a side note about E-Loan along with the Apple article. Apparently he reccomended it again when it was at $2. When he wrote the note it had risen to $3.66. He says that it could be acquired for $6 to $7.50 and if that happens and you still own the shares that you bought at $2, that should ease the pain if you also bought when he suggested buying the IPO.

LMAO That’s one hell of a scenario

]]> By: Liz L. http://tradermike.net/2005/02/speaking_of_apple/#comment-1151 Liz L. Fri, 25 Feb 2005 08:16:37 +0000 http://www.tradermike.net/2005/02/speaking_of_apple/#comment-1151 Ken Kurson writes entertaining copy but gives crappy advice. Years ago, when I was new to buying stock, I followed his dramatic advice to buy eloan.com at $70 (something like "if you buy one stock ever, it should be this one"), which immediately began to run straight downhill. (It's now in the neighborhood of $3.) So I would NEVER listen to his advice. Ken Kurson writes entertaining copy but gives crappy advice. Years ago, when I was new to buying stock, I followed his dramatic advice to buy eloan.com at $70 (something like “if you buy one stock ever, it should be this one”), which immediately began to run straight downhill. (It’s now in the neighborhood of $3.) So I would NEVER listen to his advice.

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