Originally Posted by solipsism
Saying bluetooth has been crippled is inaccurate. Not having official support for or not yet having adequate software for is not the same. To say it's cripples implies that Apple has created the software and then purposefully and willfully disabled it. Something that Verizon is certainly famous for. There are reports of handsfree working with some autos to a certain degree so expect a software update soon.
A manufacturer having control over a carrier.
A manufacturer getting a portion of the monthly dues from the carrier.
A carrier to alter how it's voicemail system works to accommodate the manufacturer's wishes.
Competing carrier finally willing to work with manufacturers to create integrated devices months in advance of the iPhone's actual release.
What the f@#k do you need before you see the shift in paradigms?
I'm happy about the stock prices today. I'm wondering if it will hold throughout Monday or should I dump it and buy in again after the dip. I expect $145-155 the AAPL releases its quarterly earning in 11 days.
RIMM is still surprising me with it's consistently higher jumps. CLWR has been okay but it's still to early to tell, I just I had bought in before the 30% bump.
Apple's marketing has something to do with the interest but the device is so cool. It seems everyone is interested in the damn thing. They should stop calling it the Jesus phone and start calling it the Devil phone. Even my parents know about the thing in detail... that is scary.
As far as the price goes...
I have friends who bother with "puts", etc. But I don't bother. I'm interested in the longer term trend. If I'm positive about a company, I stick with it. It's never failed.
There are therefore two things of interest to me when I trade that affect my decision (other than the price itself).
The first is the brokerage fee. I don't like online trading. If you've heard of all the horror stories I have over the years with that, you wouldn't like it either. It's also not always good with large accounts.
Second, is the taxes involved. If you keep your securities for one year, you are only subject to the 15% Federal Capital Gains tax (plus any applicable state and local taxes).
But, if you sell more often, you are then subject to the standard tax rate you are hit with for your income in that year.
That could amount to far more taxes. Definitely so, in my case.
Therefore, it doesn't pay to bother with small rises and dips. The amount of profit squeezed out after the bother, and worry (it may not go the way you think it will!), isn't worth it to me.
For example. The stock closed at $137.73. If we sold it for that, and it drops $5 Monday, do we buy it back, or see if it drops further?
If we wait, and it goes back up, we just lost any profits, perhaps ending up with a loss if we then rush to buy it back. (You can report that as a loss in April, but you only make a portion of it back, the percentage you pay in taxes).
Even if we buy it back right away, how much did it cost to sell, how much did it cost to buy back, and how much taxes did we pay on the way?
Remember that $5 is only about a 3.63% drop. How much extra stock can we buy back after all those costs are taken out? The percentage left could be no more than a fraction of 1%, depending on your situation. At the most it would be (assuming that you do have online trading, and sell into the Capital Gains advantage, and have no state and local taxes) almost 3%.
So, if 3% profit, at most, on the two trades is worthwhile, go ahead.
But, remember this, for that tiny gain, you have given up your Capital Gains possibility for the next year. If the stock really goes up, and you have to sell, you will be hit by the much higher taxes, which will entirely wipe out any gain you made here, plus some.
It's up to you to decide. I'll wait it out.
As far as RIM goes, I don't think it's going to last for the medium term.
Too many people writing on the web are turning in their Pearls, and other newer models with poor keyboards, for iPhones. And with business software worked through AJAX here already, and more to come, the resistance in business will start to fall. That will, sooner or later, affect the more "traditional" keyboarded BB's as well.