Look, I'm from Jersey – I can appreciate the idea that, if you pretend something never happened (and there's no evidence), then everyone can just "fuggedaboutit" and move on with their lives (except, of course, the "evidence").
The Nasdaq is already heading back to record highs (fuggedding about 1999, of course!) led by our Stock of the Year pick, AAPL, as it climbs back to $550, fuggeding about their brief dip below $500 just two short weeks ago.
Our spread on AAPL, which is in our Long-Term Portfolio and our Income Portfolio was selling the 2016 $450 put for $46.40 and buying the 2016 $450/650 bull call spread for net $44.60 for a net $2 credit ($200 per spread) and already that combo is worth $40.70 ($4,070 per contract) - up 1,935% from when we featured it on December 30th (and it was adjusted to be more aggressive on the dip, because we had CONVICTION and because we managed our portions to take advantage of the dip!). In fact, on 1/28, when AAPL was falling below $500, I said in Member Chat at 4:15 am:
Amazingly, AAPL has pretty much announced they'll be moving into the mobile payment space with their 400M ITunes users (Visa has 50M users) and no one seems to be doing the math on that! Of course, it's hard to get traction when CNBC runs headlines like this:
This is how bad it could get for Apple stock
In the article, they are talking about a 40% drop ($350) due to these "horrific" earnings, especially guidance, where AAPL "only" forecasts $43Bn in sales with the usual 37% margins. This Q they made $13Bn per $550 share (now $505). At $505, that's about $14.50 per share or a current p/e of 8.7 (assuming 3 more "terrible" quarters like
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