Week 27 - Portfolio Review
July 4th, 2008, 12:20 pm. Posted under Apple Rumors, AppleOption ATP, AppleOption LTP, AppleOption STP, Market Commentary, Portfolio Review by AppleOption.
Week 27 of 2008 trading was a short holiday week as we celebrate Independence Day on July 4th. Examine the following year-to-date performance.
Apple NASDAQ S&P 500 Dow Jones -11.81% -12.84% -13.16% -14.43%
Now, compare that performance to the AppleOption Portfolios!
AppleOption Short-Term Portfolio (STP)
Started the January 2008 with $10,000
Current portfolio value $13,359.49 (after commission/fees)
Year-to-Date Gain 33.5%
AppleOption Long-Term Portfolio (LTP)
Started the January 2008 with $25,000
Current portfolio value $24,686.64 (after commission/fees)
Year-to-Date Loss 1.3%
AppleOption Auto-Trade Portfolio (ATP)
Started the June 2008 with $10,000
Average Percentage Gain per Trade: 18.4%
Performance since Inception: 100% Winning Trades
Number of Open Trades: 4
If you are not yet a member of AppleOption, sign-up today and discover how we trade. We’ll teach you by showing all of our portfolio trades in real-time. Join AppleOption Now!
Weekly Review of Portfolio Trades
AppleOption Short-Term Portfolio
Despite a large swing in Apple from a low of $164 to a high of $177, the stock finished slightly up for the week at $170. Our portfolio has been patiently awaiting option expiration as we have several fantastic positions that are collecting great premium.
AppleOption Long-Term Portfolio
Similar to the STP, the LTP has a strong July position. Patience is the key in this portfolio and over trading is potentially be detrimental to the LTP. Thus we will sit tight until option expiration unless a great opportunity arises.
AppleOption Auto Trade Portfolio
The first five trades of this portfolio 21.7%, 42.8%, 0%, 0%, and 27.5% collectively add up to an average gain of 18.4% per trade. These winning trades have provided members of the ATP enough profit to join AppleOption for two years! We are excited by the entry point of our two most recent trades. These should pay off quite well in the next few weeks. We also have a full two-allocation trade remaining from last week which missed a profitable exit on Wednesday by $0.25.
There is a lot of excitement about our newest portfolio. The AppleOption Auto Trade Portfolio (ATP) is offered through ThinkorSwim. Investors interested in following the AppleOption Auto Trade Portfolio will need to open a ThinkorSwim brokerage account as well as need an active AppleOption Membership. After both of these are set-up, then investors will be ready to activate the auto-trading service through ThinkorSwim. Each trader determines his/her individual risk tolerance by selecting a specific allocation type. For more information please refer to the AppleOption Auto-Trade Portfolio (ATP) page.
Technical Apple Review
Key Reference Points:
5-EMA: $170.53
20-EMA: $174.82
50-MA: $180.02
200-MA: $163.62
1st Resistance: $178.40 - triple
2nd Resistance: $187.50 - triple
1st Support: $161.90 - double
2nd Support: $148.80 - double
Apple continues a healthy consolidation pattern. Traders are being offered multiple chances to enter at or near the 200-day moving average (200-MA) before the next rally of this stock. Potential catalyst include the first day of 3G iPhone sales next week and Apple earnings at the end of the month.
Up-Coming Earning Reports:
Apple will announce Quarter 3 earnings on July 24 (after July option expiration).
View which other companies releasing earnings next week
Tuesday, July 8th
- Pepsi Bottling - PBG
- Alcoa - AA
Thursday, July 10th
- Marriott - MA
- Progressive - PGR
Friday, July 11th
- General Electric - GE
- Rockwell Collins - COL
Analysis Reports:
No new changes in July yet.
Apple News:
3G iPhone will go on sale Friday July 11th @ 8:00am, A Guide for current and non-current AT&T customers is available (click to watch video). For more information about purchasing the 3G iPhone from AT&T. Apple also offers A Guided Tour of the iPhone 3G.
AppleInsider.com describes How to hand-down your old iPhone after upgrading to iPhone 3G.