OMG this just keeps getting better and better. What is Apple doing taking on debt to buy back shares? Perhaps they are expecting interest rates to rise soon and so they plan on sticking investors with $17 billion in low yielding debt which they use to buy their shares back with. The whole thing stinks to high heaven. These are not the kinds of tricks that an innovation company focuses on. These are for has-been companies who know they have peaked and are now trying to play what is left of their once-leading brand name in order to cash in for the execs that work there.
Anyone who buys AAPL bonds is an idiot.
Hi Cap'n,
ReplyDeleteSo, short with LEAPS, maybe Jan '15?
It's a bit too early to say if the Jan 15s are too soon. Again, I am looking for a walk away in May market but it could be mid or even end May. Also, watch to see if the chart can break through the lower rail of the trend line in orange in the other post. I suspect that it will not be able to. I think 3 of 5 is finished and we could have a dip and then another final move up to kiss that line from below.
ReplyDeleteOnce you see the back test from below and failure to break out (kiss good bye) then Jan 15s can be considered. Keep in mind that the real money will be made using options during 3rd waves. You don't always have to be in the game, especially options where time is not your friend. This is not investment advice. I do not give free investment advice. It is just an observation.