12-06-2014, 04:56 PM
I agree it will probably go up again. But like the Russia thread, the tough part is figuring out when. Oil is at $66 right now. If it drops to $53 you're down 20%. It it drops to $33 you're down 50%. I read a lot of articles over the months saying the absolute floor would be $80, or $70, but we blew through both those.
In 2008 it fell from $144 to $37, before eventually getting back over $100, but six years later it's still never got even close to those 2008 highs.
I bet on Apple (with stock options) all the way down, thinking time and time again it couldn't go any lower, and that the drop didn't make any sense. And it didn't, which is clear from the fact it's been making almost daily new all-time highs for weeks. But it took a lot longer for the market to figure that out than it did for me to.
My AAPL is up huge right now (and I have January options up 450%), but I also had a ton of options expire worthless earlier in the year...
In 2008 it fell from $144 to $37, before eventually getting back over $100, but six years later it's still never got even close to those 2008 highs.
I bet on Apple (with stock options) all the way down, thinking time and time again it couldn't go any lower, and that the drop didn't make any sense. And it didn't, which is clear from the fact it's been making almost daily new all-time highs for weeks. But it took a lot longer for the market to figure that out than it did for me to.
My AAPL is up huge right now (and I have January options up 450%), but I also had a ton of options expire worthless earlier in the year...
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market