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That thing is pretty sweet for the price. Had access to a pre-production one - tested it out by strapping it to a rocket our kids were setting off - fantastic! Google Earth has nothing on our spy shots. :)
No one is ever going to confuse the output for Panavision :), but for the price/convenience, it just can't be beat.
Here's hoping! Would settle for a double-large Touch. :)
My next portable purchase is a netbook
Have fun!
http://blog.wired.com/gadgets/2008/09/it-lives-gadget.html
Apple alleges that it believes there are corporations and/or individuals behind Psystar...
About time someone looks behind door #2.
What's kinda funny is that's been occurring while "everyone" has been running around looking for the next bubble.
And if you can't be with the one you love, love the one you're with!
Happy holiday to our southern neighbors....
I think I've said before that I introduce my kids to pretty much every bit of techiness possible, to see what sticks and what doesn't. What I discovered this morning is that all the complaining about non-swappable batteries etc seems to be an Old Fart complaint - the kids *hate* batteries - they keep asking "why can't I just plug it in?". To them it's far better to plug in a cable or stick a device in a cradle.
Just thought it was interesting...
They could try "fast enough for a yob like you"
Harley-Davidson makes the list? Negative earnings growth even before the downturn? Negative operating cash flow 3 of the last 4 quarters? Declining stockholder equity for at least three years running?
Dunno about that one...
Not happy with Firefox on Macs, and Safari continues to have some real issues, so I for one am looking forward to the OSX beta of Chrome.
I have 950 +/- 25 as the upper limit for this to be "just" a bear rally. That's a 25% ramp off the lows.
After that, the longer-term low target is around 600. In the "600" scenario, I expect AAPL to get dinged, of course, but nowhere near your targets as the company has no debt, gargantuan piles of cash, and cash flow a Somali pirate would kill for. Call it $60 as a maximum downside target. If SPX hits 1000, I will have to reconsider the viability of the longer timeframe downtrend.
Finger is already on the eject button for some long exposure - if I hadn't been out hiking in the woods would probably have dumped late in the day as the lower-end of target range was getting dinged. Should probably do it ahead of tomorrow opening bell anyway but I'm heavy cash so the worst case is still pretty darn good.
Hope that makes my thoughts clearer. I've been real lucky navigating the rapids so far - which is just another way of saying I'm overdue for boo-boo.
If this is a typical strong bear rally, more than half the gains are already in the bag. Call it 920 for SPX upside, and something like 105/110 for AAPL. By Thanksgiving, if this doesn't slow down pretty much immediately...
OT: This one's for you, Tomm...let's play Name That Speaker...
The latest wave of credit market innovations has elicited some concerns about their implications for the stability of the financial system, concerns similar to those associated with earlier periods of rapid change in financial markets. Will the most recent credit market innovations amplify credit cycles, contributing to "excessive" lending in times of relative stability, and then magnify the contraction in credit that follows? Will they introduce greater volatility in financial markets? Will they create greater risk of systemic financial crisis?
These concerns have been heightened in some quarters by the problems currently being experienced in the subprime mortgage sector. It will take some time before the full implications are understood and the full impact can be assessed. As of now, though, there are few signs that the disruptions in this one sector of the credit markets will have a lasting impact on credit markets as a whole.
...
In general, there does not seem to be strong empirical support for the proposition that derivatives increase volatility in financial markets. Volatility is not higher where derivatives are most prevalent.
Oversized contract awards always seem to go to the best connected - call it CAT and NUE. Both with decent divies too.
Given all the debt on CAT's books it'll probably turn itself into a bank holding company anyway.
OT-E - being able to guess right about one thing is not very impressive when he completely screws up on guessing several other related big things.
Bottom line - for all his "correct predictions" - he's losing money. And making money is, last time I checked, the ONLY bottom line relevant to market participants.
Peace, out.
OT-E: Not exactly sure what Peter Schiff saw coming "clearly years ago" as he has been getting absolutely roasted by the market. Some of his logic just boggles the mind - predict a US consumer recession and then go long Chinese markets at bubble valuation? WTF?!
Anyway, I put Schiff in the same category of guys more about stuck-clock self-promotion than anything else.
Dead pool bets on when Citi goes back for another handout are now open - over/under is within one week of Inauguration Day.
Joke du jour...
Q: What's the difference between Citi and the Somali pirates?
A: The pirates are profitable
Alternate...
A: Citi operates on land.
Exactly what I'm thinking. In fact they don't even need to last a year - they just need to outlast this historically high volatility. The IV implosion alone would be enough to make it a nice trade.
Very strange market we have - I've never seen anything like it.
Yeah, historically even sliding under $5 has been pretty much a death knell. That said, the last 10 years or so has had a ludicrous amount of stock-splitting etc so I'm open to the idea things may have changed a bit.
The reason I ask about AMD is that long-dated puts at $2.50 strike are selling for around $1.80. So the net cost if AMD does go to zero is about $0.75. Trying to decide if it's worth the risk - which basically comes down to whether or not they can convince the market they're viable for at least a few more years.
Are you saying that Warren Buffett hedged his position?
#1 Buffets positions are OTC
#2 Buffet is not a market maker, options or otherwise
#3 I have no idea what Buffet is doing to hedge; regardless, those are extremely long dated, Euro expiry, and would require very little attention at this time
Put writer professionals hedge from the moment a contract is written - late day opex ramps like the one we had Friday cause them *more* problems, not less, because the oscillations get nasty with so little time until expiration.
That relates to what I was going to ask next - putting aside wishes and ideology (as if! :) ) is there a legit chance that AMD will survive the next 3 years in such a way that common stock is not wiped out?
But now you have to back out Citi asking for "emergency cash" this morning and the mounting, increasingly persistent rumor that GM is going to file for reorg by EOD Tuesday.
OT-E: "Deficits don't matter".
OT-E: The buzz is that it will be on the order of a $600B spending kicker. The more things change...
Heh. This is nothing. Watch the fur fly when Obama and Pelosi go into the midterm election with 100k US troops still in Iraq....
I don't see 40 million US men in boot camp and I don't see a dark cloud descending across the continent. Any continent.
If this is a "perfect storm" we have become a society of weaklings.
I understand. So pick up that tab using the social safety net - that's what it's there for.
And next time people want to buy shares in or lend money to suspect industries, they won't do it with the expectation that Uncle Sam will bail them out AND pick up the tab.
I don't understand why there is such a willingness to tax our children and grand-children to bail out dinosaurs that have been sucking on the public teat for decades and fought every "green" or "oil independence" regulation Congress tried to enact like it was a re-enactment of the Alamo.
Let them burn.
OT: I have no idea what's going to happen. Given the way President Change is building his cabinet out of Clinton re-treads I'm more interested in knowing if he's going to offer a new internship to Monica Lewinsky.
OT:
No way of corroborating or sharing any corroboration so take it FWIW - both GM and C are gone as of Tuesday.
After that, say goodbye, short it all the way back down to 75@ and then 50 and then 25 with all the little pops in between.
This turned out to be one of the best prognostications on the board. Hope it's worked out well for you!
Totally OT:
Maybe this is why "President Change" is keeping the troops in Iraq for three more years...
KUWAIT CITY (AFP) - The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait’s daily Al-Seyassah reported Thursday.
Quoting “highly informed” sources, the daily said Washington has asked Saudi Arabia for 120 billion dollars, the United Arab Emirates for 70 billion dollars, Qatar for 60 billion dollars and was seeking 40 billion dollars from Kuwait.
Al-Seyassah said Washington sought the amount as “financial aid” to face the fallout of the financial crisis and help prevent its economy from sliding into a painful recession.
How much did AAPL pay for PA Semi?
Is it even worth thinking about....?
It's dead, Jim.
It looks like...
...a laptop.
?
The thing with Steve Jobs is that he could say that it's a toy one day and introduce a premium model the next day.
No question. And it is highly likely they have been making prototypes all along.
Berkshire's effective credit rating is taking a beating, swap costs have gone through the roof. Somebody, somewhere is worried about something.
Maybe Buffett has the Jobs health thing going on...?
Having volatility this high, this long is totally unprecedented. I can't buy options, and now it doesn't even make sense to buy stock, I'm almost better off selling assignable puts to get the stuff I want.
Like the guy from Rolling Stone said...."Craaaaaaaazy, man".
Unbelievable. For three years now all I've heard from my Dubai acquaintances is "oh, we plan all our budgets for $40 oil, everything else is just bonus".
Riiiiiiight...