Question Facts

The market opened right at prior day close, after showing a flat and vacillating futures for hours. Our call, recommended the day before, and also available on 7/13 returned up to 68% by early afternoon.

As we hit R3 many subscribers wrote wondering if it's time for downturn. Perhaps, but Floyd's GUT is that the market is ripe for more upside, just for a short time, before another downturn.

Therefore, we're not yet ready to recommend a put, and will put our call out one more time, same series (because we want to learn to fall in love with an option, and understand it, NOT the market).

Remember, question facts.

Question authority.

Do not respect because you are to respect. Respect when it is deserved.

Always make fun of anyone "important;" it helps put it all in perspective. And they are just human.

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Yes, you are reading this again. It's what's happening this week.
This is a very big earnings week, with everyone from Google to Campbell Soup reporting, and a big bank, JP Morgan Chase.

Fed minutes are released on Wednesday. Study the economic calendar you got on Monday to know what indicators will "trigger the market" in addition to the strength of movement.
On the numbers: There has been a 7.3 billion dollar decline in revolving debt, including credit cards, in May.

Study what we wrote yesterday. Put it together with the above. We'll give you the last of the puzzle tomorrow.

And now, for a study of FACTS, a good lesson for us:

1. Consumers Report will not recommend the iPhone 4 because of poor reception. (Last year they recommended the Camry as car of year:))
2. Using a case seems to slow the problem.
3. All phones drop calls, and antennas work well in certain areas.

Floydian Thoughts:

I have owned each of the iPhones, including iPhone 4. I have never had any dropped calls or bad access ANY DIFFERENT THAN any other phone I've used it while traveling around the world.
Now, it's true, I like Apple, and have defended it for years against Microphuck, the company that brought you virus protection for their own phucking complicated crap software in which control/alt/delete is a normal world.

I believe, as my daughter succinctly shared with our Blue Chip Option customers yesterday said:
"False facts or not, this isn't a good reflection on Apple's "flawless" brand name. It's something that Microsoft has always dealt with, and a lot of video games and various technology products nowadays, where they just release the product and it's flawed but expect to fix it via upgrades, etc. I think Microsoft's willingess to push out flawed products faster and faster was one of the things that I think made Apple as successful as it is nowadays compared to ten years ago.

False facts and jealousy, absolutely, I agree. But, on some levels it's valid to note - because it was, I think, a bit of a slip up on Apple's part not to be more prepared for this backlash. And, in this technology fast paced world, this does mean a little on Apple losing their competitive edge. Steve Jobs is now put to a higher and higher standard in terms of technology, and Google (with Android competitively taking over much more of the smartphone market) and others are hot on his trail; he's got to be flawless and brilliant next time. And demand is more and more and faster every day (what we carry around in our pockets is more computer than what I had in my dorm room in college, less than ten years ago).

The iPhone 4 tried a new technique with the antenna - a problem plaguing these new smart phones we use so consistently - which could've been big, but didn't work out as well as hoped, regardless of the fact that they're carried by a carrier (AT&T) who simply cannot support their demand. This, and battery life, are part of the the next game. This is part of the evolution of technology which inherently plays a role in the stock market later. While Apple certainly is likely to rebound from this negative press, it's important to watch Google and others in this next major technological revolution."



I also believe Apple is hit by every fricking lobbyist for every phone company and manufacturer with lobbying and games, as they are 4 years ahead of the curve, and these boys play very very dirty.

I laugh, as only one or two people I know have ever had problems with iPhone reception. They have trouble with how much data downloads take place as the Apple is a computer, and ATT's inability to build networks promptly enough.

Is Apple far enough ahead of the curve? Yes. As they can market.
Is Apple loved by users? Yes.
Is MIcrophuck? No
Is Adobe Flash? No, and Jobs believes it won't perform.
I have enjoyed this roll out because America does not appreciate the performance of companies (I've noted) that work outside of the norm.

Because, we are conformists, and buy everything at Walmart, and watch the same TV shows every night that show disemboweled dead people. It's our most popular show on TV.


Stock Brokerage analysis: From trader MR: " I started paper trading again. I must pass along a broker recommendation for Think or Swim to any aspiring trader. A great tool for the OEX trader, they have individual charts for options - not just price grids like many brokers. I can look up a chart for the July 500 call and see what it was trading at yesterday, price range, high, low, to get a feel for a "best buy" price. These charts also show volume bars."They also have a function called On Demand that allows you to turn the trading clock backwards and watch the entire market on any given day (currently back to December 2009)."

He's right. It's one of our three recommended brokerages and they do a great job.