But there was no going back. Apple was setting a new agenda for the wireless industry. RIM, like others, were now followers. “We built a perfectly evolved, optimized service and product offering that made the industry take off,” says Mr. Lazaridis. “There was a point where the carrier, by changing the rules, forced all the other carriers to change the rules eventually. It allowed Apple to reset what the expectations were. Conservation didn’t matter. Battery life didn’t matter. Cost didn’t matter. That’s their genius. We had to respond in a way that was completely different than what people expected.”
via The Inside Story of How the iPhone Crippled BlackBerry – WSJ.
The classic story of disruption.
After yesterday’s study I decided to place the following short orders:
ETFC: BUY PUT APR. 2015 20 @ LIMIT 1.40
EBAY: BUY PUT APR. 2015 45 @ LIMIT 1.25
SONC: SHORT SELL @ LIMIT 25.50
NFLX: BUY PUT JUL. 2015 355 @ LIMIT 30.80
BBRY: BUY PUT MAR. 2015 9 @ LIMIT 0.66
TSLA and LNKD were also on my short list but they have upcoming earnings so I will wait for those to pass.
I need the market to grow a bit more for those orders to get executed, and then turn and dive. I intend to collect profits on them in tranches after each 5% fall in the market.
I also placed an order to sell my remaining (pretty big) position in BIB (the biotech leveraged ETF) with a limit of 114.80.
In Handset Profit Race, There’s Win, Win and My God, You’re Pathetic
If you’re a smartphone manufacturer other than Apple or Samsung, condolences on your second quarter. Because according to new research from Canaccord analyst Michael Walkley, it was an ugly one in whichApple and Samsung captured 108 percent of handset industry profitsand you likely posted another operating loss.
Apple And Samsung Have 108% Of Industry Operating Profits.
Aici sunt 22 grade, e soare mult si toti pomii au inflorit. Am facut in ultimele zile curatenia de primavara in portofoliu, dupa cum urmeaza:
Trim VIX martie PUT 16 @ 1.75, exact cu cat am luat prima transa. Am ramas cu cele luate a doua oara cu $1.27, care in prezent valoreaza $1.83 (+44%).
Sell to close Bull call spread AAPL aprilie 555/560 @0.7, 0.8, 1.25 si 1.55 pe masura ce AAPL isi revenea (pret mediu 0.97$). Per total, la pozitia asta am pierdut -57%. Pacat ca n-am mai asteptat, dar cine si-ar fi inchipuit ca Apple va face un V-shaped recovery?
Buy to close PCLN BullPutSpread martie 1205/1210 @-3.4$. Am pierdut -30% tot fiindca m-am grabit. Acum spread-ul ar fi ajuns in the money, caci PCLN a facut si el un V-shaped recovery. Dar am fost disciplinat si am iesit cand linia de jos a trendului a fost incalcata semnificativ.
Am mai si luat o transa de Put BBRY martie 9 @ 0.7.
In clipa asta am in portofoliu:
- (45%) AAPL BullCallSpread 450/600 ian. 2015 @ $27.22 -> azi $73.4 (+170%)
- (40%) AAPL Call 500 ian. 2015 @$89 -> azi $66.2 (-26%)
- (7%) GBU.TO @ CAD 1.70 -> azi CAD 1.18 (-30%)
- (0%) CPN.TO @ CAD 0.16 -> azi CAD 0.07 (-57%)
- (5%) AAPL BullCallSpread 540/580 iulie 2014 @ $17.2 -> azi $14.3 (-17%)
- (2%) VIX martie PUT 16 @ $1.27 -> azi $1.83 (+44%)
- (1%) BBRY martie PUT 9 @ $0.62 -> azi $0.41 (-34%)
- (0%) GOOG martie PUT 1050 @ $15.5 -> azi $2.45 (-84%).
Go AAPL, GBU si CPN! Jos VIX, BBRY si GOOG!
Așa ca eu adaug o a doua transa de PUT Martie 9 @ 0.60.
Google to sell Motorola Mobility to Lenovo in $2.9bn deal | Technology | The Guardian.
Acum BBRY chiar nu mai are cui sa se vanda: Microsoft si Lenovo sunt deja cu mainile pline. Short BBRY?
UPDATE: I did it, cu o prima transa de Put BBRY Martie 9 @ $0.57. Jos BBRY!
Mike Lazaridis was at home on his treadmill and watching television when he first saw the Apple iPhone in early 2007. There were a few things he didn’t understand about the product. So, that summer, he pried one open to look inside and was shocked. It was like Apple had stuffed a Mac computer into a cellphone, he thought.
To Mr. Lazaridis, a life-long tinkerer who had built an oscilloscope and computer while in high school, the iPhone was a device that broke all the rules. The operating system alone took up 700 megabytes of memory, and the device used two processors. The entire BlackBerry ran on one processor and used 32 MB. Unlike the BlackBerry, the iPhone had a fully Internet-capable browser. That meant it would strain the networks of wireless companies like AT&T Inc., something those carriers hadn’t previously allowed. RIM by contrast used a rudimentary browser that limited data usage.
“I said, ‘How did they get AT&T to allow [that]?’ Mr. Lazaridis recalled in the interview at his Waterloo office. “ ‘It’s going to collapse the network.’ And in fact, some time later it did.”
Publicly, Mr. Lazaridis and Mr. Balsillie belittled the iPhone and its shortcomings, including its short battery life, weaker security and initial lack of e-mail. That earned them a reputation for being cocky and, eventually, out of touch. “That’s marketing,” Mr. Lazaridis explained. “You position your strengths against their weaknesses.”
Internally, he had a very different message. “If that thing catches on, we’re competing with a Mac, not a Nokia,” he recalled telling his staff.
How BlackBerry blew it: The inside story – The Globe and Mail.