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Only Apple
Any thoughts on the price action for the next couple of days? It looks as though AAPL will go slightly higher for a day or two (Wed.and Thrs.). This will probably be a short term top followed by a pullback, but I do not hold to this projection or any other projection for that matter.
Re: Only Apple
Quote from short4bread:
Any thoughts on the price action for the next couple of days? It looks as though AAPL will go slightly higher for a day or two (Wed.and Thrs.). This will probably be a short term top followed by a pullback, but I do not hold to this projection or any other projection for that matter.
I have my biggest position to date (ever) in AAPL APR20 options. I am neutral to ~624 on the shares. The term-structure will blow-out in APR/MAY as well.
Quote from atticus:
I have my biggest position to date (ever) in AAPL APR20 options. I am neutral to ~424 on the shares. The term-structure will blow-out in APR/MAY as well.
Re: Re: Only Apple
Quote from SteveNYC:
AAPL will accelerate and zoom to 650. Short and simple.
endless supply of greater fools?
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
you saw the top today for this week, its going to trade down for the long weekend. remember this have weeklies, the price action will be stagnant.
Quote from atticus:
I have my biggest position to date (ever) in AAPL APR20 options. I am neutral to ~624 on the shares. The term-structure will blow-out in APR/MAY as well.
Quote from newwurldmn:
My biggest position as well.
But I am the 600 line and 630 lines (600 was ATM at the time)
Quote from atticus:
I have my biggest position to date (ever) in AAPL APR20 options. I am neutral to ~624 on the shares. The term-structure will blow-out in APR/MAY as well.
Quote from atticus:
Neutral to 620 now. Long gamma?
Re: Re: Re: Only Apple
Quote from short4bread:
What are you basing this on?
Quote from newguy05:
atticus you long the apr fly?
I don't quite understand all the terminology/jargon being used in this thread either, but I know an uptrend in a HOT stock when I see it.
ALL the funds have to own this stock NOW, and are still pouring in the money.
I've been selling Puts since AAPL was at 404.37 on 12/29/11, and plan to keep doing so.
700+ by the end of the year seems realistic enough to me, assuming the Earnings Reports are good.
Quote from cactiman:
I don't quite understand all the terminology/jargon being used in this thread either, but I know an uptrend in a HOT stock when I see it.
ALL the funds have to own this stock NOW, and are still pouring in the money.
I've been selling Puts since AAPL was at 404.37 on 12/29/11, and plan to keep doing so.
700+ by the end of the year seems realistic enough to me, assuming the Earnings Reports are good.
Quote from short4bread:
Be real care with this strategy. If the stock drops and those puts go up in value by 300%, you'll go belly up.
Quote from short4bread:
Be real care with this strategy. If the stock drops and those puts go up in value by 300%, you'll go belly up.
Greater fools theory doesn't pass muster when there will be 100 million iPhones sold in the next 3-5 years.
Android may have market share, but it doesn't have as good of a satisfaction rating.
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Sorry, didn't mean to mislead. Those weren't Naked Puts! How much money would you need for margin? Ahhhhh!
They're all Credit Spreads, expiring every month from July 2012-January 2013. Just keep adding to the pile as AAPL rises.
The furthest one out is a 660/655, all the others are 625/620 down to 405/400.
AAPL might go sideways for a while, likes it's done in the past, but I really can't see it reversing anytime soon.
Still, I don't like trying to predict the future. If the Trend gets broken, will just have to reassess and make the necessary changes.
Quote from newwurldmn:
I like it how everytime someone sells a put someone makes this comment.
However, in the case of AAPL, I think the guy would have made money money owning stock in the same delta he had originally traded.
If Apple splits 6 to 1 it might be allowed into the Dow 30. This would allow more fund managers to purchase the stock and raise the stock price even more.
Quote from short4bread:
If Apple splits 6 to 1 it might be allowed into the Dow 30. This would allow more fund managers to purchase the stock and raise the stock price even more.
Quote from short4bread:
If Apple splits 6 to 1 it might be allowed into the Dow 30. This would allow more fund managers to purchase the stock and raise the stock price even more.
Quote from atticus:
Yeah, brilliant.
Quote from short4bread:
I bailed out of my long positions today and took my profits. I'm sitting on the sidelines for the time being. It looks like the indexes are going to continue south for at least another day or two. Big Ben will eventually step in and support the markets.
Quote from cactiman:
I agree about Bernanke, though it's not for certain he'll need to help out just yet.
AAPL has held up real well so far during this correction, relative strength wise. The low PE helping out a bit perhaps?
I can't see it going below 600, and maybe even 625-617 will hold as support.
Will be adding to my AAPL long positions (via Bull Put Spreads) next week, after the dust settles a bit.
What level are you looking at to go back in?
Quote from short4bread:
I thought it was going to 617-619 but after today it's hard to say. It may have bottomed out today. If it gaps up tomorrow morning I would be hesitant to sell my calls. I got a feeling this may have been a bottom. If it does happen to gap down tomorrow it probably will hit 617-619 at some point. Even if this second scenario comes to fruition, I'm holding onto my calls for the bigger move.
Bullish Harami Candle Pattern in the $SPX?
Harami:
When you see this pattern the first thing that comes to mind is that the momentum preceding it has stopped. On the first day you see a wide range candle that closes near the bottom of the range. The sellers are still in control of this stock. Then on the second day, there is only a narrow range candle that closes up for the day.
Quote from cactiman:
Bullish Harami Candle Pattern in the $SPX?
Harami:
When you see this pattern the first thing that comes to mind is that the momentum preceding it has stopped. On the first day you see a wide range candle that closes near the bottom of the range. The sellers are still in control of this stock. Then on the second day, there is only a narrow range candle that closes up for the day.
Quote from short4bread:
These formations are all around 40% accurate. This is considered a good accuracy because the pay off ratio is so good.
It's not just the Harami involved in a reversal of course. The $SPX also has good support at 1350, and a solid 4 month uptrend behind it. I think all 3 things combined, are probably saying "more upside to come".
Then again, maybe I'm just talking my book - being 100% long at the moment!
Quote from atticus:
I have my biggest position to date (ever) in AAPL APR20 options. I am neutral to ~624 on the shares. The term-structure will blow-out in APR/MAY as well.
Quote from atticus:
Term structure went from 500 to 900bp/ It will hit 1000 tomorrow.
Quote from short4bread:
I smell fear!!!
AAPL at 621.77
Support holding so far.
Quote from cactiman:
AAPL at 621.77
Support holding so far.
Quote from atticus:
What support? This thing is going to 617.
Quote from cactiman:
I see even number support at 620.
Support range 621-617.
Next even number support below that at 600.
It keeps pushing down on 621. We'll see what happens.
Quote from atticus:
Ok, so support isn't holding.
Big drop may be in store. Where's Uncle Ho?
Quote from rockefehler:
Big drop may be in store. Where's Uncle Ho?
thinkorswim showing an 81% probability of AAPL hitting 615 by April 20th.
Oops! that's now a 79.40% chance...
Whatever....
Anything can happen tomorrow, but AAPL looks good so far.
I like the falling volume as AAPL settled down to, and bounced off of 620 support.
The new lawsuit against AAPL might have been part of the reason for this very orderly -3.5+% pullback.
The Fed is talking about easing some more too, so maybe 620 will become a launching pad for the next leg upwards?
Quote from cactiman:
Anything can happen tomorrow, but AAPL looks good so far.
I like the falling volume as AAPL settled down to, and bounced off of 620 support.
The new lawsuit against AAPL might have been part of the reason for this very orderly -3.5+% pullback.
The Fed is talking about easing some more too, so maybe 620 will become a launching pad for the next leg upwards?
Quote from short4bread:
I hate to say this but it looks like it is heading to 617.
Quote from short4bread:
Correction it may hit 617, but it is right on the support line now.
Quote from atticus:
It wil touch 617 by 11am EDT tomorrow, if not by the NYSE open.
It can't go straight up to 1000. Going sideways for a while, in a 650-600 channel, makes sense on this longer term chart.
So much for 621-617 support.
Looks like a nice even number 600 might do the job instead. We'll see.
Hopefully it won't fall to 575; though it could without ruining the uptrend.
I would be holding if I were still short. We'll see $575 next week if not monday.
__________________
-Ho
Quote from Uncle_Ho:
I would be holding if I were still short. We'll see $575 next week if not monday.
Quote from Uncle_Ho:
I would be holding if I were still short. We'll see $575 next week if not monday.
Quote from atticus:
lol. What a clown.
You clowns are a joke to trading. Bwolinsky too.
Go paper trade and backtest some more.
__________________
-Ho
Quote from Uncle_Ho:
You clowns are a joke to trading. Bwolinsky too.
Go paper trade and backtest some more.
Quote from Uncle_Ho:
You clowns are a joke to trading. Bwolinsky too.
Go paper trade and backtest some more.
Yea I guess these are all paper trades numbnuts.
You are a loser, can't believe u've been trolling here for 5 years+
__________________
-Ho
Quote from Uncle_Ho:
Yea I guess these are all paper trades numbnuts.
You are a loser, can't believe u've been trolling here for 5 years+
I have shorted AAPL at about 603.
Don't laugh at me.I have no experience in trading, opened my account a few months ago.I still hold the PUT.
Uncle Ho's the real deal even his nick is cool, it sounds like some Chinese triad mafia goon with lots of gold teeth
I increased my account 4% with an AAPL scalp, that's small change to the Uncle.
That was a critical failure at 644, it wasn't hard to see this down move coming as a result.
It may bottom at 580 and shoot up like a rocket, or bottom at 600 and go sideways.
I missed the trade no big deal, on to the next one.
I guess u could say I'm a one lot trader, cause I fill a lot of one lots.
__________________
-Ho
I was in and out of that trade over a week ago loser, STOP FLAMING!
Go get a life and do something other than spam and flame ET.
To everyone else have a good weekend and GL if ur still short AAPL, if your long, I don't care.
P.S. atticus wrote some bs then deleted it LOL. stuff is funny
__________________
-Ho
Your instinct was right, now you must learn not to let you shake out of the drade.
Quote from Uncle_Ho:
I was in and out of that trade over a week ago loser, STOP FLAMING!
Go get a life and do something other than spam and flame ET.
To everyone else have a good weekend and GL if ur still short AAPL, if your long, I don't care.
P.S. atticus wrote some bs then deleted it LOL. stuff is funny
I have shorted AAPL at about 603.Don't laugh at me.I have no experience in trading, opened my account a few months ago.I still hold the PUT.
I wonder what trade Uncle Ho had that was so much better than this one.
AAPL is going down.
Quote from Lincoln Chen:
I have shorted AAPL at about 603.Don't laugh at me.I have no experience in trading, opened my account a few months ago.I still hold the PUT.
Quote from Lincoln Chen:
AAPL is going down.
Quote from short4bread:
Don't take your profits yet! It hasn't bottomed.
Quote from rockefehler:
I wonder what trade Uncle Ho had that was so much better than this one.
Hope you reversed your position at the open.
Quote from Lincoln Chen:
Thanks.
I lost some money.Maybe I should pay some money to learn how to trade.
Boinggggggg!
I feel sorry for the guy who had his Sell Stop at 572...
How did you do today?
Quote from cactiman:
Boinggggggg!
I feel sorry for the guy who had his Sell Stop at 572...
Quote from short4bread:
How did you do today?
It's the end of tax season and this particular 2 week period before and after always sees drawdowns. It seems to be that way with plus or minus a week of the New Year as well.
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Quote from Lincoln Chen:
I lost some money.Maybe I should pay some money to learn how to trade.
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Yeah, they were saying this on CNBC, however nobody mentioned the drawdown happened the week before options expiration week. Now they are going to run the market up.
Quote from bwolinsky:
It's the end of tax season and this particular 2 week period before and after always sees drawdowns. It seems to be that way with plus or minus a week of the New Year as well.
Quote from short4bread:
Now they are going to run the market up. [/B]
Quote from short4bread:
Yeah, they were saying this on CNBC, however nobody mentioned the drawdown happened the week before options expiration week. Now they are going to run the market up.
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Quote from rockefehler:
That was a critical failure at 644, it wasn't hard to see this down move coming as a result.
It may bottom at 580 and shoot up like a rocket, or bottom at 600 and go sideways.
was all over the short at 640 was so vocal about it on stocktwits they banned me.
that gey crowd loves apple.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
So anyone buying this dip, I mean isnt it suppose to go to $1000 a share according to a few analysts.
This is like the ultimate buying dip right now ahead of earnings, Im sure after earnings it will be around $725!
Quote from S2007S:
So anyone buying this dip, I mean isnt it suppose to go to $1000 a share according to a few analysts.
This is like the ultimate buying dip right now ahead of earnings, Im sure after earnings it will be around $725!
Quote from cactiman:
I like that kind of talk! (Hope you're right....)
Added to my AAPL long position today, at 590.
aapl peaked at 645+/620+, typical double top.
sell as many as you can, I was fully loading PUT.
it is a pumping and dumping, after earning, it will be around 500.
in order for you bet well, sell QQQ, SPY or buy those puts, AAPL will crash all the market after the earning
Quote from trader198:
aapl peaked at 645+/620+, typical double top.
sell as many as you can, I was fully loading PUT.
it is a pumping and dumping, after earning, it will be around 500.
in order for you bet well, sell QQQ, SPY or buy those puts, AAPL will crash all the market after the earning
Quote from S2007S:
I think earnings are going to be good, but being long or short ahead of the earnings report is wayy to risky for me. I would be waiting until after earnings...for instance if apple declines $20-$40 on a solid report I would go long on that dip, this dip good, but you just never know how apple could react after earnings.
Quote from trader198:
aapl peaked at 645+/620+, typical double top.
sell as many as you can, I was fully loading PUT.
it is a pumping and dumping, after earning, it will be around 500.
in order for you bet well, sell QQQ, SPY or buy those puts, AAPL will crash all the market after the earning
Quote from rockefehler:
I'm thinking along your line, only not that it will go to 500, maybe 550. Apple is now entering a complicated zone, so the moves aren't as predictable to me as the last three (up-down-up). I'm waiting for clarity.
Quote from S2007S:
I think earnings are going to be good, but being long or short ahead of the earnings report is wayy to risky for me. I would be waiting until after earnings...for instance if apple declines $20-$40 on a solid report I would go long on that dip, this dip good, but you just never know how apple could react after earnings.
Bearish seasonality is around the corner typically begins around april/may sometimes comes a little late; now with that said.
During the last earnings, AAPL broke out of the uptrend channel and flew by nearly nonstop towards the sky.
It now seems to be losing momentum and the top of the uptrend channel it broke (red line) may want itself tested from above to tell the market that the upside is healthy and that the exuberant up-move was orderly and not chaotic aka parabolic.
Gyrations and retraces exist in all instruments, including the ultra bullish Apple Computer.
Imo, it will fight to try to plot a higher low here though.
Quote from RedTankEra:
Bearish seasonality is around the corner typically begins around april/may sometimes comes a little late; now with that said.
During the last earnings, AAPL broke out of the uptrend channel and flew by nearly nonstop towards the sky.
It now seems to be losing momentum and the top of the uptrend channel it broke (red line) may want itself tested from above to tell the market that the upside is healthy and that the exuberant up-move was orderly and not chaotic aka parabolic.
Gyrations and retraces exist in all instruments, including the ultra bullish Apple Computer.
Imo, it will fight to try to plot a higher low here though.
Quote from cactiman:
Some good points there. My only problem with an angled Trend Line is it gets very subjective as to what points it touches, which of course changes the angle quite a bit. AAPL would need to go down to the low 500s to touch the line you drew, which seems extreme to me.
I tend to see a chart horizontally, with peaks and valleys at resistance and support levels. So I see horizontal support levels at 575 and 550, and 575 is holding so far.
Another "line" to look at is the flowing 50 day MA. Could be AAPL will do a classic bounce off that line at 567!
Quote from cactiman:
The last 2 Channels for AAPL (in 2011) had maximum top to bottom ranges of around 15% (364.90-310.50) and 17% (426.70-353.02).
So if AAPL goes sideways for a while, a 16% average range would be 644.00-540.00. The uptrend wouldn't be broken if that were to happen.
We'll see.
1000.00 bucks a share
strap in and enjoy the ride.
cheers,
s
__________________
the world is so certain yet i walk on thin ice.
Quote from RedTankEra:
Not a fan of most horizontal levels, mostly diagonals.
In any case I'm long AAPL from the 586.x area. However, I'm a short term trader.
Quote from rockefehler:
According to EW (the only TA which I take seriously) it is in a B wave up (that may first go down to 550 though), so at least one more bottom (C) is due. After that it may continue the uptrend.
Quote from RedTankEra:
Not a fan of most horizontal levels, mostly diagonals.
In any case I'm long AAPL from the 586.x area. However, I'm a short term trader.
Quote from RedTankEra:
Bearish seasonality is around the corner typically begins around april/may sometimes comes a little late; now with that said.
During the last earnings, AAPL broke out of the uptrend channel and flew by nearly nonstop towards the sky.
It now seems to be losing momentum and the top of the uptrend channel it broke (red line) may want itself tested from above to tell the market that the upside is healthy and that the exuberant up-move was orderly and not chaotic aka parabolic.
Gyrations and retraces exist in all instruments, including the ultra bullish Apple Computer.
Imo, it will fight to try to plot a higher low here though.
Quote from S2007S:
So anyone buying this dip, I mean isnt it suppose to go to $1000 a share according to a few analysts.
This is like the ultimate buying dip right now ahead of earnings, Im sure after earnings it will be around $725!
__________________
Work is for people who don't know how to trade!
Quote from cactiman:
So going down to 550 doesn't count as the bottom (C)?
If not, does the Elliott Wave Principle say it will it go above 644 before going down to (C)?
Quote from rockefehler:
EW doesn't say B will go above 644, but looking at the shape of wave A I say it probably will. So it would be a great selling point for the LT longs, and they can reload at the bottom of C. Of course your MMV
Quote from stock777:
was all over the short at 640 was so vocal about it on stocktwits they banned me.
that gey crowd loves apple.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from cactiman:
What's MMV??
AAPL still forming a channel. Last year the channels lasted 5 months each! We'll see if 575 holds as support.
has anyone noticed that Im never wrong?
bet not. that would imply cognitive ability not normally seen here
see my GRPN call, and my P call for a reference. This AAPL call was so easy Im embarrassed to take credit (but I will take the money)
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
my 575 puts now a 5 bagger intraday. only bought 100
arent you glad you got in with me?
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from rockefehler:
Mileage may vary.
Getting close now .. 574.5
570 pin coming
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from stock777:
has anyone noticed that Im never wrong?
bet not. that would imply cognitive ability not normally seen here
see my GRPN call, and my P call for a reference. This AAPL call was so easy Im embarrassed to take credit (but I will take the money)
Days like this, after spending money going Long the day before, are exactly why I mostly do longer term trades now. Much easier on the stomach.
Has Uncle-Ho committed suicide yet?
Quote from rockefehler:
What's your method?
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
572 now, was alread 571 570 coming behold my genius in realtime
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
are ya watching it? my p&l keep ramping
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
this is a rare realtime call I give ya just to show you what you are missing on a daily basis
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Don't underestimate the Uncle; he has far more important business to attend to.
Yea i'm pretty sick I covered $50 ago lol. You win some you lose some, at least I didn't lose. And I'm really not surprised, I tend to hit these trades all the time. $575 traded hard today.
__________________
-Ho
Quote from rockefehler:
Don't underestimate the Uncle; he has far more important business to attend to.
are you beholding the wonder of my genius?
571.5 now , small chance pins 572.5, better at 570
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
sub 571 NOW @@@@@@@@ im never wrong.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
another realtime winner. 99% winners.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from Uncle_Ho:
Yea i'm pretty sick I covered $50 ago lol. You win some you lose some, at least I didn't lose. And I'm really not surprised, I tend to hit these trades all the time. $575 traded hard today.
AAPL never did hit the Magic Blue Line. We'll see what happens next week. Earnings announced on the 24th.
closed exactly on my secondary target
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Uncle Ho you can always reenter; I do it often when shaken out of a trade.
Quote from stock777:
has anyone noticed that Im never wrong?
bet not. that would imply cognitive ability not normally seen here
see my GRPN call, and my P call for a reference. This AAPL call was so easy Im embarrassed to take credit (but I will take the money)
Quote from short4bread:
If you know everything, than you should also know arrogance comes before you fall.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Mr. 777, if you're prop trading with proper leverage, and you're as often right as you claim, you can double your capital about each month, right? What would you care about some anonymous individuals on a website then? You should be swimming in your money by now.
\
Quote from stock777:
Its only arrogance if its in error. Something Im sure you're well acquainted with .
now crawl back into your cardboard box. Notice the bashes come from 'recent' / serial nick changing/ morons
I laugh when I see young Investors Chanting
Quote from rockefehler:
Mr. 777, if you're prop trading with proper leverage, and you're as often right as you claim, you can double your capital about each month, right? What would you care about some anonymous individuals on a website then? You should be swimming in your money by now.
Apple could go down another 28% from the high because that's the short term capital gains I'd be giving back for my profits, and another reason stocks with runs like this go down.
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Thanks for the reminder about Facebook IPO - I think that we may see a total pump in nasdaq before selloff. decent earnings also. note: I'm holding aapl 625 May calls I got trounced in this last week. Uncle Ho had the put call so nailed. I should have listened.
http://www.mercurynews.com/business...public-offering
Quote from keeptradin':
So now we've gotten to the point where a single company, who's products are manufactured in Asian sweatshops, is an index in itself?
Steve Jobs ( may he RIP) is probably jerkin' off in his grave right now. Unless he is frozen in some cryogenic tomb somewhere.
Give me a freakin' break...
Facebook IPO is gonna make AAPL look like a penny stock. And make Schmuckerman the world's first Trillionaire.
Buy FCBK!!! ( My guess at what the Nas symbol will be...LOL)
Nasdaq on the monthly
Quote from rockn:
Thanks for the reminder about Facebook IPO - I think that we may see a total pump in nasdaq before selloff. decent earnings also. note: I'm holding aapl 625 May calls I got trounced in this last week. Uncle Ho had the put call so nailed. I should have listened.
http://www.mercurynews.com/business...public-offering
Quote from rockn:
Thanks for the reminder about Facebook IPO - I think that we may see a total pump in nasdaq before selloff. decent earnings also. note: I'm holding aapl 625 May calls I got trounced in this last week. Uncle Ho had the put call so nailed. I should have listened.
http://www.mercurynews.com/business...public-offering
Quote from stock777:
fucking genius
and 20 years at the feet of jack hershey in deep study
Now I'd like it to go gently to 540 with two or three candles; there I'll be waiting
Magic Blue Line trying to hold....
Longer Term View...
What's the big deal?
Quote from cactiman:
Longer Term View...
What's the big deal?
__________________
Work is for people who don't know how to trade!
ANY THOU*GHTS ON EARNIGNS TMRW!!!!???
exactly. aapl has too much weight in the NQ index/S&p 500.
it should have 10:1 split, greatly reduce the volitility it creates.
you do not need trade others, just AAPL option is good enough.
Quote from keeptradin':
Probably because not many people bought it on the left side of that chart, they have all gotten in at what some may say are the highs.
And that fact that AAPL is now an index to many people like the SPX and DOW. So when it turns bearish short-term, so goes the market.
That's my theory, anyway...
Quote from keeptradin':
Probably because not many people bought it on the left side of that chart, they have all gotten in at what some may say are the highs.
And that fact that AAPL is now an index to many people like the SPX and DOW. So when it turns bearish short-term, so goes the market.
That's my theory, anyway...
whatever earning it delivers, my bet is it will sink.
the gravity law, anything crzay enough a while will be cooled down and then forgotten.
you can buy some QQQ put/call to play AAPL earning. AAPL option is too expensive this moment, just right for day trading, earning play is not good.
I will not play the earning, that is not good gamble.
Quote from staffpro:
ANY THOU*GHTS ON EARNIGNS TMRW!!!!???
I bought 650 call and made money.
if you divide 644/10, just 64.4, or divide it with 100, just 6.44, a 10 buck drop or 1 buck drop in a penny stock.
of course who the idiot to buy so high in the thrust, obviously too greedy or too earger to make money
Quote from cactiman:
That's where the Time Factor comes in.
One could have bought in at any of the Higher Highs and still made lots of money, if one held on and didn't panic during each of those "End of the World" pullbacks to Higher Lows.
The buyers at 644 will also make money, as long as they keep their "faith" in the Long Term Trend.
None of this is easy of course. And trying to time the short term dips is really difficult, and has lead to many a nervous breakdown....
Quote from staffpro:
ANY THOU*GHTS ON EARNIGNS TMRW!!!!???
Quote from trader198:
I bought 650 call and made money.
if you divide 644/10, just 64.4, or divide it with 100, just 6.44, a 10 buck drop or 1 buck drop in a penny stock.
of course who the idiot to buy so high in the thrust, obviously too greedy or too earger to make money
Went further long in AAPL at 572.60.
Sill have "faith" in the Long Term Trend.
Also like the long wick below today's candle - a Bullish "Hammer" -showing support underneath. This could be the bottom of the pullback. Time will tell.
Quote from cactiman:
Also like the long wick below today's candle - a Bullish "Hammer" -showing support underneath. This could be the bottom of the pullback. Time will tell.
Quote from short4bread:
"For Apple, expectations run high. The company has beaten analysts’ forecasts 97 percent of the time since 2003, and it only missed once — in October, 2011, according to Birinyi Associates."
http://www.cnbc.com/id/47151382
These are pretty good odds!
Apple Earnings Preview: Another Upside Surprise?
(Yahoo! "Breakout" Video & Article)
http://finance.yahoo.com/blogs/brea...%3A+Breakout%29
I've traded AAPL and made some quick profits, but to me this looks like a bubble. Be careful not to get caught up in it guys.
I bought strike 480 put, just a small position. looks in today's opening, I am doubled +.
AAPL is pumped hard, it will crash hard.
"Apple’s stock averages gains of 2.6% from where it closes just prior to its earnings release, until pre-market trading begins the morning after the release.
In pre-market trading the day after it releases results, Apple shares are, on average, flat, according to Pleines.
However, Apple shares have fallen 68% of the time on the day after the company reports financial results."
Uhhhhhh..... Do people bet money on info like this?
bought yesterday at 0.6, sold 80% of my holding at 0.85. will hold remaining till tomorrow. just risk free now
too much expectation there, the unexpected looks inavoidable.
Quote from trader198:
I bought strike 480 put, just a small position. looks in today's opening, I am doubled +.
AAPL is pumped hard, it will crash hard.
AAPL's below the Magic Blue Line now, but yesterday's low of 556.62 still not broken.
May $615 puts traded 63 today, wow. You all were crying about 1 lots and each one would be +$4k today. Only took 3weeks for 300%.
I think it's funny when people tell the market where it should go. It's much easier to let the market tell you where to go.
__________________
-Ho
Quote from trader198:
I bought strike 480 put, just a small position. looks in today's opening, I am doubled +.
AAPL is pumped hard, it will crash hard.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
all those fairies buying at every $5 dip in the 600's , where are they now?
at the apple store begging for a do over.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from Uncle_Ho:
would be +$4k today.
Every time there's been a sizable pullback on this 3 yr. chart AAPL has snapped back and gone higher.
If I were trading short term: based on the chart + today's shakeout of weak holders + AAPL's good fundamentals and Earnings Announcement Record?
I'd be stocking up on Calls right now.
are you a wealthy man? no? then why would anything you 'thought' be of interest to the readers here. Any fool can look in the rear view mirror.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
http://www.elitetrader.com/vb/showt...913#post3508913
Another winner for the man
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from stock777:
are you a wealthy man? no? then why would anything you 'thought' be of interest to the readers here. Any fool can look in the rear view mirror.
Oh, I remember now. You're the guy "who's never wrong".
I'm sure the Market will humble you eventually.
If not, try golf. That will do it.
Meanwhile, I'll just keep throwing in my 2 cents every now and then, because I enjoy talking with POLITE people about this stuff.
Of course, I'm GROWN-UP enough to realize my opinion + $1.50 may only get one a cup of coffee at Starbucks.... depending on local prices.
meanwhile my in print calls are 99% correct.
look it up.
learn.
prosper.
perspire.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Was looking up some numbers ahead of apples report tonight. This is what analysts expect, however everyone knows that apple likes to under promise and over deliver.
This is what apple mentioned back in January for this Aprils earnings report.
“Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”
$32.5 Billion REV and $8.50 EPS hahah
UNDER promise I think they did.
Apple:
Quarterly Results: Analysts polled by Thomson Reuters project Apple will report a fiscal second-quarter profit of $10.02 a share on revenue of $36.7 billion.
iphone predictions are for 33-35 million.
4-4.5 million imacs
and ipads around 12 million.
Many people think apple is going to bounce huge to the upside after the earnings report tonight based on the fact its down over 10% from its highs going into earnings.
If you really want to get in buy only 1/2 a position now and the rest after the close.
Quote from stock777:
meanwhile my in print calls are 99% correct.
look it up.
learn.
prosper.
perspire.
Quote from cactiman:
You're attitude is consistent, I'll grant you that.
So anyway, Mr. 99%, are you betting on AAPL going Down tomorrow or Up?
I've bet on Up.
God I hope AAPL misses big after the close so we can get a laugh:
April 3rd show
There were concerns over "irrational exuberance" about Apple (AAPL), when an analyst said the company could eventually be worth a trillion dollars. Cramer doesn't think this assessment is irrational or overly exuberant, because Apple is leading the tech sector and will continue to lead. It was predicted that investors may be willing to pay $1,000 for the stock by 2014. The company is truly crushing its competitors and is taking market share, while destroying "old tech." The company grows at a rate of 18%, and if it continues this upward path and keeps taking market share, the $1,000 target is not unrealistic; "The predictions are completely sober and rational," said Cramer.
AAPL $629
Quote from newwurldmn:
He'll tell you at 11:59pm today.
Quote from cactiman:
AAPL's below the Magic Blue Line now, but yesterday's low of 556.62 still not broken.
__________________
Work is for people who don't know how to trade!
Quote from keeptradin':
Solidly below the 50-day MA, and putting in a lower low. So much for the "bullish hammer candle"...
It could just be that the MM's are trying to push it down to load up cheap. Or Maybe they know something we don't know??
Daily chart sure starting to look like a downtrend to me.
Bought QQQ calls into AAPL earnings.
In a longer timeframe, I suppose it could fall to 450 and the Uptrend would still be in tact.
Might cause a few suicides though....
Quote from FreakofNature:
Bought QQQ calls into AAPL earnings.
Quote from Covertibility:
God I hope AAPL misses big after the close so we can get a laugh:
April 3rd show
There were concerns over "irrational exuberance" about Apple (AAPL), when an analyst said the company could eventually be worth a trillion dollars. Cramer doesn't think this assessment is irrational or overly exuberant, because Apple is leading the tech sector and will continue to lead. It was predicted that investors may be willing to pay $1,000 for the stock by 2014. The company is truly crushing its competitors and is taking market share, while destroying "old tech." The company grows at a rate of 18%, and if it continues this upward path and keeps taking market share, the $1,000 target is not unrealistic; "The predictions are completely sober and rational," said Cramer.
AAPL $629
Quote from cactiman:
I was wondering why he went silent all of the sudden.
Must still be looking into his Crystal Ball.
Wish I had one.
Sure would beat having to read all these charts and articles...
AAPL will be halted for the earning announcement. So you can all relax.
Quote from hajimow:
AAPL will be halted for the earning announcement. So you can all relax.
Quote from short4bread:
It looks like the price is going to spike up at the close.
IF apple does less than 30 million iphones for the quarter this stock is going down huge!!!!
All I know is the last smartphone I purchased wasnt an iphone.
"Think Different"
As you know I predicted $520
I also know some traders will throw up by trading appl. One way or the other. Long or short.
Quote from hajimow:
I also know some traders will throw up by trading appl. One way or the other. Long or short.
welcome BIDU longs.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
6 Rules To Heed Ahead of Apple's Report:
http://www.marketwatch.com/Story/st...51-2FBCAF0068D2
Uhhhhhhh..... AAPL's up $30 now.
Has something leaked out?
Quote from cactiman:
Uhhhhhhh..... AAPL's up $30 now.
Has something leaked out?
__________________
Work is for people who don't know how to trade!
Quote from keeptradin':
Hehehe...now THAT'S a short squeeze!! I saw 587 print at the AH open...OUCH!!
http://www.forexfactory.com/news.php?do=news&id=356301
I predicted AAPLs carnage when it was 640
Notice I said nothing about tanking off impossible to know earnings.
This is what greatness comes from.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Terrible, I wanted to buy calls, but the options excahnge was alreeady closed a few seconds. Still, it almost reached my target of 550.
Quote from stock777:
I predicted AAPLs carnage when it was 640
Notice I said nothing about tanking off impossible to know earnings.
This is what greatness comes from.
Never underestimate the mobs of pansies buying nothingbutappl
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
formula for beat
overcharge for product, selling to imbeciles
underpay foreign slave labor
easy
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
With my 540 call I clearly didn't account for earnings ... well, it should be underway to the B top now.
These are the calls I bought before earnings.
Quote from rockefehler:
With my 540 call I clearly didn't account for earnings ... well, it should be underway to the B top now.
Quote from stock777:
I predicted AAPLs carnage when it was 640
Notice I said nothing about tanking off impossible to know earnings.
This is what greatness comes from.
Quote from short4bread:
So you are saying 620.25. I bet it will make a new high in the near future.
Quote from stock777:
formula for beat
overcharge for product, selling to imbeciles
underpay foreign slave labor
easy
Quote from short4bread:
Alright here is your chance for stardom. Where do you think AAPL is going now?
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Alright here is your chance for stardom. Where do you think AAPL is going now?
__________________
---------------
Best Regards
Mikoul
Quote from bwolinsky:
Such a boldfaced lie for him.
lots of dweebs bought aapl calls before earn they are empowered by the hype.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from short4bread:
Alright here is your chance for stardom. Where do you think AAPL is going now?
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from stock777:
I'm already a star shmuck. A decade+ of it. Take a hike. Never liked aapl , never will.
Did defend GOOG when it came out against legions of bashers here that thought the 100 price tag was lofty. Its all in the archives.
Quote from stock777:
I'm already a star shmuck. A decade+ of it. Take a hike. Never liked aapl , never will.
Did defend GOOG when it came out against legions of bashers here that thought the 100 price tag was lofty. Its all in the archives.
$600
We need to see a close above $600 to believe in a rebound...
"Apple Inc. (NASDAQ:AAPL) are trading higher in the after-hours after reported net income above Wall Street’s expectations for the second quarter. Currently, shares are higher by 7%, trading at $600, they ended the regular session lower by 2%, at $560.28. Following the investors reaction in the extended trading we should see a gap up tomorrow morning. It will be important an interesting also, see if stock will have legs to close above $600. A breakout above this level would constitute a technical entry for the short term trader looking for a quick trade."
Source : http://ac-investor.blogspot.pt/2012...tching-for.html
__________________
Miguel
www.ac-investor.blogspot.com
Quote from short4bread:
You are a "star shmuck?" So now you are a genius star shmuch.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
I thought this was a thread about aapl and trading but everything is a pissing contest, if you are so eager to show the world your high skills there is nothing more effective more transparent than making live calls and backing them up with a screenshot, otherwise, you look like a moron in the eyes of the world, whether you were right or wrong, but nothing more idiotic, than the after the fact geniuses.
Quote from FreakofNature:
I thought this was a thread about aapl and trading but everything is a pissing contest, if you are so eager to show the world your high skills there is nothing more effective more transparent than making live calls and backing them up with a screenshot, otherwise, you look like a moron in the eyes of the world, whether you were right or wrong, but nothing more idiotic, than the after the fact geniuses.
Quote from mikhoul:
To ~$665.00 before 10.00 am if there is no big bad new... and even with bad news from europe to a Brand New ATH $650.00
Would also be nice to see the Volume at 40+m by the end of the day. Need it to be higher on the Up days then on Down days, in order to get the Uptrend going again.
Quote from FreakofNature:
These are the calls I bought before earnings.
Quote from cactiman:
Just looked those up.
Slightly different prices today!
Great trades.
Quote from FreakofNature:
This time I did well, I'm no star trader unlike the people here.
Only way I can make a dime over the course of time is averaging down indices on pullbacks.
However, for today, I will celebrate.
[QUOTE]Quote from FreakofNature:
Only way I can make a dime over the course of time is averaging down indices on pullbacks.
I've gotten even more conservative than you, trying to crack the "steady returns" nut.
Currently holding 8 Long AAPL, and 3 Long QQQ positions.
But they're all Vertical Spreads, rather than Single Options, and don't expire until July, August, October, December and January.
Much less exciting, but at least I don't constantly chew on antacids any more!
Quote from cactiman:
[QUOTE]Quote from FreakofNature:
Only way I can make a dime over the course of time is averaging down indices on pullbacks.
I've gotten even more conservative than you, trying to crack the "steady returns" nut.
Currently holding 8 Long AAPL, and 3 Long QQQ positions.
But they're all Vertical Spreads, rather than Single Options, and don't expire until July, August, October, December and January.
Much less exciting, but at least I don't constantly chew on antacids any more!
Quote from FreakofNature:
Also got this little baby
Quote from FreakofNature:
Also got this little baby
Quote from cactiman:
What pushed you over the edge to take the risk and go Long yesterday?
Quote from FreakofNature:
When I like something, I only buy blood.
Quote from cactiman:
Not an easy system to teach!
Quote from FreakofNature:
Pair of balls and a smell for hot brands lol
Hard to predict what it will do now, tomorrow will bring more clarity ...
That really hurt, being two seconds late buying a load of calls and seeing it spike up like that ... but I only saw it would spike up in the last minutes before the close, and getting TWS to buy some calls took too long. I should have had a put and call order ready. Lesson learned.
To soften the pain I bought a load of AEX index calls this morning, they should do well the coming week or two. The AEX (Dutch index) has been punished severely the last few weeks, and should have lot of upward room.
Quote from FreakofNature:
I thought this was a thread about aapl and trading but everything is a pissing contest, if you are so eager to show the world your high skills there is nothing more effective more transparent than making live calls and backing them up with a screenshot, otherwise, you look like a moron in the eyes of the world, whether you were right or wrong, but nothing more idiotic, than the after the fact geniuses.
Quote from rockefehler:
I made a live apple call, in case you didn't notice. If you're interested, I can make more.
Quote from short4bread:
It'll probably go sideways for a couple of days. I dumped my calls for a profit early this morning.
1x645 and 4x610 may calls here
For those interested in longer time frames, I just opened another AAPL Bull Put Spread, betting AAPL will stay above 600.
I enjoy getting paid 100+% for the other guy's Time Decay - tick-tock, tick-tock, tick-tock...
Welcome to the N B A market: Nothing But Apple
A great and safe pairs trade: Sell QQQQs, Buy AAPL
__________________
"Success in the markets runs counter to everything we have been taught...and if you want a friend on Wall Street, get a dog"
Quote from syswizard:
Welcome to the N B A market: Nothing But Apple
A great and safe pairs trade: Sell QQQQs, Buy AAPL
Quote from cactiman:
For those interested in longer time frames, I just opened another AAPL Bull Put Spread, betting AAPL will stay above 600.
I enjoy getting paid 100+% for the other guy's Time Decay - tick-tock, tick-tock, tick-tock...
Quote from syswizard:
Welcome to the N B A market: Nothing But Apple
A great and safe pairs trade: Sell QQQQs, Buy AAPL
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Will probably drop a bit the coming days, then another upsurge ... I'll buy when I see a clear bottom. Meanwhile, the AEX calls are doing fine. We'll see about gold.
Quote from atticus:
There is no vert on AAPL that pays 100% to $600 or lower. Magic?
Quote from cactiman:
I wouldn't lie to you about money atticus!
You forgot to ask which month.
SELL -1 VERTICAL AAPL 100 JAN 13 600/595 PUT @2.57 LMT
$257.00-$3.00=credit $254.00/$243.00 Max Loss = 104.53% profit
I reckon the odds of AAPL being at 600 or above by then are pretty good!
Quote from atticus:
Well, I suspected it was '13, but was too lazy to check. At least it's an even-money proposition. You know that's an even-money prop for many months... just an FYI.
Never mind, I looked it up:
In other words, if there is $100 in the pot and it costs $100 to call, that is an even money proposition. If you beat the dealer in blackjack, he pays you at even money. If you are dealt blackjack (an ace and a face card), you are paid at 3-2 (not even money). If we bet $100 on the flip of a coin, that is an even money bet. If someone offers you 2-1 on the flip of a coin, that is not even money, and it is probably a scam.
Quote from atticus:
Well, I suspected it was '13, but was too lazy to check. At least it's an even-money proposition. You know that's an even-money prop for many months... just an FYI.
Why You STILL Buy the Dips in AAPL
http://www.zacks.com/commentary/207...e+Dips+in+Apple
I think Kevin Cook knows his stuff.
This video came out yesterday.
Quote from cactiman:
Why You STILL Buy the Dips in AAPL
http://www.zacks.com/commentary/207...e+Dips+in+Apple
I think Kevin Cook knows his stuff.
This video came out yesterday.
Quote from FreakofNature:
Gotta love the articles and opinions coming out after the report though
The chart decides where it goes; the analysts just play their part as component of the trading ecosystem.
Quote from rockefehler:
The chart decides where it goes; the analysts just play their part as component of the trading ecosystem.
Quote from short4bread:
Oh, you mean the bottom of the food chain.
Speaking of "Bottom of the Food Chain", here's my analysis:
AAPL has formed a clear Channel, 555-644, with 600 almost exactly in the middle.
The Up-gap Volume after the Earnings Announcement was much higher than the Dribble-down Volume over the last 2 days, which is positive for the Bulls.
It's holding above the 20 day EMA, like it always did during the Uptrend to 644, which is also good for the Longs.
Now we'll watch and see if it can stay above 600.
I think it will.
Quote from cactiman:
Speaking of "Bottom of the Food Chain", here's my analysis:
AAPL has formed a clear Channel, 555-644, with 600 almost exactly in the middle.
The Up-gap Volume after the Earnings Announcement was much higher than the Dribble-down Volume over the last 2 days, which is positive for the Bulls.
It's holding above the 20 day EMA, like it always did during the Uptrend to 644, which is also good for the Longs.
Now we'll watch and see if it can stay above 600.
I think it will.
Quote from short4bread:
Now we sit back and watch the paint dry (sometimes watching price moves is equivalent to watching paint dry.)
I can't stand watching paint dry. It's just tooooo damn fast for me!!!!
Quote from cactiman:
I watched paint dry once, just to see what all the fuss was about.
But can't remember what happened, because I fell asleep....
Hope AAPL wakes up and gets above 620 by July 20th.
That's when my 620/615 Spread expires.
Yawwwwwwwnnnnnnnn.......
Quote from heypa:
I can't stand watching paint dry. It's just tooooo damn fast for me!!!!
Quote from short4bread:
I think we'll be at a new high by the middle of May, if not sooner.
Quote from short4bread:
I think we'll be at a new high by the middle of May, if not sooner.
Quote from rockefehler:
Really?
No, but I think it will surge up in one or two candles above the last top within one or two days, not the middle of may. I'm letting air run out of the options and wait patiently for the right moment. The may 18 640 call is almost trading at it's pre-announcement level now, and seems to bottom. But maybe it will still go lower.
Quote from rockefehler:
No, but I think it will surge up in one or two candles above the last top within one or two days, not the middle of may. I'm letting air run out of the options and wait patiently for the right moment. The may 18 640 call is almost trading at it's pre-announcement level now, and seems to bottom. But maybe it will still go lower.
Doing a short scalp now, just for fun
Quote from atticus:
Don't use TA to value options. Vol in that 640 call has dropped 2000bp while the stock has rallied 43 here. It's not indicative of a move, any move.
The pattern aapl is forming since the spike is what Hershey calls "4 o'clock drift". He isn't as crazy as he sounds.
Exited my short for a nice little profit.
Quote from rockefehler:
I find that options charts form the same patterns as direct instrument charts, so vol and time decay are all accounted for somehow. I don't use regular TA, don't care for the 600 level at the moment for instance.
Not the same patterns at the same time of course, e.g. if the stock bottoms the option will be in a downtrend, but patterns that adhere to the same laws. This is not surprising, since vol is tradable after all, so subject to the same speculative behavior of traders with its own ecosystem of dumb and smart money.
Quote from rockefehler:
Not the same patterns at the same time of course, e.g. if the stock bottoms the option will be in a downtrend, but patterns that adhere to the same laws. This is not surprising, since vol is tradable after all, so subject to the same speculative behavior of traders with its own ecosystem of dumb and smart money.
So has each his own method; that's the beauty of it. I don't know any more about options theory than Black-Scholes and the Greeks, used in an intuitive way.
Quote from rockefehler:
So has each his own method; that's the beauty of it. I don't know any more about options theory than Black-Scholes and the Greeks, used in an intuitive way.
OK the roulette bettor has just bought @ 4.40.
Quote from rockefehler:
No, but I think it will surge up in one or two candles above the last top within one or two days, not the middle of may. I'm letting air run out of the options and wait patiently for the right moment. The may 18 640 call is almost trading at it's pre-announcement level now, and seems to bottom. But maybe it will still go lower.
Of course it could go sideways, but what I SEE is the surge. And it could go to 700 after that reasonably fast.
Quote from rockefehler:
Of course it could go sideways, but what I SEE is the surge. And it could go to 700 after that reasonably fast.
Quote from atticus:
I'd bet we don't see $700 in 2012.
Quote from atticus:
I'd bet we don't see $700 in 2012.
What do you guys think is behind the recent selloff? Index Rebalancing, Hedge Funds selling due to risk constraints? No one else left to buy?
Quote from Traveler:
What do you guys think is behind the recent selloff? Index Rebalancing, Hedge Funds selling due to risk constraints? No one else left to buy?
Quote from raincrab:
pre earnings profit taking
.
Quote from short4bread:
This and the fact most of the analyst on Wall Street were expecting APPL not to make its numbers. I don't know how they could forget the Asian growth. On a side note, the other day a little girl in Asia sold one of her organs for an Iphone. Talk about demand and brand loyalty (she has other organs to sell for her upgrades). The guys that did the transplant got in a lot of trouble for it. Do you think I could buy a wife with an Iphone? Ah, I am engaged anyway
Quote from short4bread:
This and the fact most of the analyst on Wall Street were expecting APPL not to make its numbers. I don't know how they could forget the Asian growth. On a side note, the other day a little girl in Asia sold one of her organs for an Iphone. Talk about demand and brand loyalty (she has other organs to sell for her upgrades). The guys that did the transplant got in a lot of trouble for it. Do you think I could buy a wife with an Iphone? Ah, I am engaged anyway
Quote from raincrab:
pre earnings profit taking
__________________
Work is for people who don't know how to trade!
Quote from atticus:
Name one analyst which stated they would miss the FirstCall estimate. One.
Quote from atticus:
I'd bet we don't see $700 in 2012.
Quote from atticus:
I'd bet we don't see $700 in 2012.
more reason to hate Apple, they are tax dodgers.
http://www.nytimes.com/2012/04/29/b...nations.html?hp
See a pattern here? Milk customers, slave labor, tax dodge.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from short4bread:
IMO I think it hits 700. It's a 16.08% move from here. Would you care to elaborate on why you don't see 700?
Quote from stock777:
more reason to hate Apple
Raising my target on Apple from $650 to $750.
I'm more of a Trend Trader, believing all Fundamentals, Technicals and Emotions are reflected in the Current Price, Support & Resistance Levels & Trend Direction.
So I don't get too specific about where a stock price will be next week or in 8 months, though I must choose Strike Prices when making bets of course.
Currently my January Strikes range between 570-660, which I think are "reasonable guesses" based on the Chart. I'll add more positions as things develop over the coming months.
But if AAPL is at 500 on December 1st, I'll have to "go with the flow" and make the necessary changes, etc.
Anyway, as to Fundamentals, I'm sure you guys have seen all these numbers already (they vary a bit from site to site), but here's a recap:
AAPL: 2012 Fiscal Year
Average Quarterly EPS:
Dec 2011: $13.87
Mar 2012: $12.30
Jun 2012: $10.39 (estimate)
Sep 2012: $10.45 (estimate)
2012 Total EPS: $47.01
Trailing PE Ratio: 14.69 (x $47.01 = $690.58)
2012 Ave Price Target Estimates: $725-$741
High Target: $910
Low Target: $270!!!
Quote from short4bread:
Walter Piecyk of BTIG Research. Let me know if you need one more.
Quote from rockefehler:
He sees me as contra-indicator
Quote from SteveNYC:
Raising my target on Apple from $650 to $750.
Quote from short4bread:
I am raising my target to $1MM per share.
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Quote from keeptradin':
CrAAPLe beats earnings estimates by 94%, and closes down $20-plus per share three days post-earnings.
__________________
Work is for people who don't know how to trade!
Based on past behavior, which is all we have to work with really (besides projections, estimates and guesswork), I think a sideways consolidation period seems very likely for AAPL over the next few months.
After the 119+ - 200+ rally (+70%) in 2009, AAPL went horizontal for about 4 months.
After the 200+ - 270+ rally (+35%) in 2010, AAPL went horizontal for another 4 months.
After the 270+ - 350+ rally (+30%) in 2010-11, AAPL went horizontal for 6 months.
After the 350+ - 400+ rally (+15%) in 2011, AAPL went horizontal for 5 months.
After the latest 400+ - 600+ rally (+50%) in 2012, AAPL has gone horizontal for about a month so far.
Are we in for a long Sine-Wave Pattern with 600 in the center of it?
Quote from cactiman:
Based on past behavior, which is all we have to work with really (besides projections, estimates and guesswork), I think a sideways consolidation period seems very likely for AAPL over the next few months.
After the 119+ - 200+ rally (+70%) in 2009, AAPL went horizontal for about 4 months.
After the 200+ - 270+ rally (+35%) in 2010, AAPL went horizontal for another 4 months.
After the 270+ - 350+ rally (+30%) in 2010-11, AAPL went horizontal for 6 months.
After the 350+ - 400+ rally (+15%) in 2011, AAPL went horizontal for 5 months.
After the latest 400+ - 600+ rally (+50%) in 2012, AAPL has gone horizontal for about a month so far.
Are we in for a long Sine-Wave Pattern with 600 in the center of it?
Quote from atticus:
Weren't you bullish last week?
??Must be seeing things. I thought you said "Wildly" Bullish?
Still Bullish yes, and think AAPL will make 700 like most everyone else. My highest bet so far for Jan 2013 is 660.
Have a 620 bet on for July too, which might be a problem....
700 isn't going to happen in 2012.
OT, but anyone can PM me if they would like to structure an OTC touch or binary option on AAPL or any other ticker.
Quote from cactiman:
??Must be seeing things. I thought you said "Wildly" Bullish?
Still Bullish yes, and think AAPL will make 700 like most everyone else. My highest bet so far for Jan 2013 is 660.
Have a 620 bet on for July too, which might be a problem....
Quote from atticus:
I did. I then went back to read your posts in the last 5 pages to see what you were predicting and saw that I had you confused with rock, so I edited out the "wildly".
KY Jelly is now de rigueur with AAPL shares.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from atticus:
700 isn't going to happen in 2012.
OT, but anyone can PM me if they would like to structure an OTC touch or binary option on AAPL or any other ticker.
Quote from atticus:
700 isn't going to happen in 2012.
OT, but anyone can PM me if they would like to structure an OTC touch or binary option on AAPL or any other ticker.
Quote from newwurldmn:
Where you make the SPX 1Y down 20% 1 touch?
Quote from stock777:
KY Jelly is now de rigueur with AAPL shares.
Quote from cactiman:
I've had it with this guy now.
How do you make it so his posts don't show on your screen?
I thought there was an "ignore" button or something, but I don't see it now.
Quote from atticus:
Your Account -> Edit Ignore List
This area in AAPL aprox 583 is pretty good, particularly once we take today's high of 599. Swing oriented of course.
sold may calls, bought junes
Quote from RedTankEra:
This area in AAPL aprox 583 is pretty good, particularly once we take today's high of 599. Swing oriented of course.
Quote from RedTankEra:
This area in AAPL aprox 583 is pretty good, particularly once we take today's high of 599. Swing oriented of course.
Looking like AAPL had an orderly 3 day retreat to the 50 day MA in low volume, and then a nice bounce off the Blue Line today. Would like to see today's volume end up at 20M or higher as well. Still below 600 at the moment though. Channel Construction underway...
was gonna post the bks short but I didnt want to insult your intel. i know u had it.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from cactiman:
I've had it with this guy now.
How do you make it so his posts don't show on your screen?
I thought there was an "ignore" button or something, but I don't see it now.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
i say crapple be red by eod
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Got killed playing options right around earnings.
down a quick $4 since my recent post.
who yor daddy?
my record of 99% winners intact.
your record of not cashing, 100% intact.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
deeply red now.
didnt even take 45 min
who's the king?
pull up a chart. check out that short entry.
then genuflect.
even Jack Hershey is in awe, and he died 8 years ago.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
I want to thank that poster putting me on ignore for a 25k score. Reminded me of how many fanboyz are out there ready to puke up shares
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from stock777:
i say crapple be red by eod
__________________
Work is for people who don't know how to trade!
only +40 lousy cents here. will it be red by eod? I still banked large but would like to see it
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
red now !!!!!!!! fanboyz -1
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
-1. another massive win for stock777. lol, the funny part is, its TRUE!!!
whats even funnier, they put me on ignore, and 'like' Jack Hershey
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Here it is , the entry, and the predicted close. Another realtime score.
Notice how they go into stfu mode, when presented with the goods.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from cactiman:
Looking like AAPL had an orderly 3 day retreat to the 50 day MA in low volume, and then a nice bounce off the Blue Line today. Would like to see today's volume end up at 20M or higher as well. Still below 600 at the moment though. Channel Construction underway...
Quote from stock777:
Here it is , the entry, and the predicted close. Another realtime score.
Notice how they go into stfu mode, when presented with the goods.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from stock777:
What you are observing here is a professionals entry with a risk reward of approx 200-1. I'll be glad to tell you how its done.
Quote from stock777:
What you are observing here is a professionals entry with a risk reward of approx 200-1. I'll be glad to tell you how its done.
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
200:1 risk/reward, eh?
Bought AAPL in afterhours 582.55.
Quote from FreakofNature:
Bought AAPL in afterhours 582.55.
Quote from cactiman:
Good price. You should make some profit off that purchase soon enough.
__________________
Work is for people who don't know how to trade!
Quote from atticus:
Wow, dude. You really made $3 in AAPL? As first I wasn't convinced, but now it's obvious that your nearly dozen posts regarding this $3 win are NOT hyperbole!
Well done! EXCELSIOR!
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Its not about how much, though it was more like a $5-6 move, do your math.
I see many here are quite inept at the basics.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from bwolinsky:
Maybe in options that trade had 200-1 but it's realistically no better than 4:1 and I went short NQ at 2732.50 on Friday having an up signal for pptf covered 1 waiting to re-enter 1 or 4 more short.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
have a huge trade coming up. stay tuned.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
How much longer can the Magic Blue Line hold??
Quote from stock777:
200-1. That means it was a near certainty. As are most of my calls.
Do the research.
Its all documented here.
Then come back on bended knee.
You are wasting time on semantics, when you could be breaking open your kids piggy bank, to refund your decimated trading account, in prep for my next winning trade.
Make haste.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from stock777:
You are wasting time on semantics, when you could be breaking open your kids piggy bank, to refund your decimated trading account, in prep for my next winning trade.
Make haste.
Quote from keeptradin':
Looking at the daily chart it seems CrAAPLe is trying it's darndest to get back to the 560 to fill the gap from last week.
Hoping I'm wrong about that FoN.
Quote from atticus:
A dozen posts crowing about <3 points on a $580 stock? No time-stamp unless you count posting a fill hours after the supposed trade. You would think that you've never had a winning trade in your life (which I suspect is entirely accurate). What a f*cking piker.
So your "200:1" reflects a risk of <2 cents. You're legendary.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from stock777:
I have many skills, but aiding the math impaired is not one of them
Quote from stock777:
have a huge trade coming up. stay tuned.
I got the moron on ignore but you guys keep quoting him, please don't.
Quote from short4bread:
You are right a big move is about to happen.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from FreakofNature:
I got the moron on ignore but you guys keep quoting him, please don't.
Killed my aapl at 586 area at the close from my 582 buy area.
Will not gamble at the 50 MA, standing on the sidelines to join the clear winner of this area.
I've never believed in Aliens before, but there's no way that guy's from Earth.
nailed GMCR, been telling you for YEARS it was a bloated scam
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from FreakofNature:
Killed my aapl at 586 area at the close from my 582 buy area.
Will not gamble at the 50 MA, standing on the sidelines to join the clear winner of this area.
Quote from cactiman:
I've never believed in Aliens before, but there's no way that guy's from Earth.
Quote from short4bread:
FreakofNature
Quote from cactiman:
I've never believed in Aliens before, but there's no way that guy's from Earth.
Quote from cactiman:
The safest course, and you made some profit.
But that Blue Line sure has been resilient the last couple of days!
Quote from FreakofNature:
Killed my aapl at 586 area at the close from my 582 buy area.
Will not gamble at the 50 MA, standing on the sidelines to join the clear winner of this area.
Quote from RedTankEra:
Lookout for a massive breakout in AAPL this month, don't let big money scare you, they are accumulating silly.
Quote from RedTankEra:
Lookout for a massive breakout in AAPL this month, don't let big money scare you, they are accumulating silly.
Quote from RedTankEra:
Lookout for a massive breakout in AAPL this month, don't let big money scare you, they are accumulating silly.
It sure looks like it has bottomed ... upsurge tomorrow?
bottomed?
did it hit 300?
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from stock777:
bottomed?
did it hit 300?
omg , he's unloading.
MSFT GATES WILLIAM H III Director Apr 25 Sale 32.18 6,500,000 209,162,200 488,981,726 Apr 27 04:18 PM
MSFT GATES WILLIAM H III Director Apr 26 Sale 32.12 4,000,000 128,487,200 484,981,726 Apr 30 04:40 PM
MSFT GATES WILLIAM H III Director Apr 27 Sale 32.01 4,000,000 128,046,000 480,981,726 May 01 04:23 PM
MSFT GATES WILLIAM H III Director Apr 24 Sale 32.00 3,500,000 112,004,900 495,481,726 Apr 26 04:09 PM
MSFT GATES WILLIAM H III Director Apr 23 Sale 32.14 2,000,000 64,275,400 498,981,726 Apr 25 04:34 PM
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from stock777:
omg , he's unloading.
MSFT GATES WILLIAM H III Director Apr 25 Sale 32.18 6,500,000 209,162,200 488,981,726 Apr 27 04:18 PM
MSFT GATES WILLIAM H III Director Apr 26 Sale 32.12 4,000,000 128,487,200 484,981,726 Apr 30 04:40 PM
MSFT GATES WILLIAM H III Director Apr 27 Sale 32.01 4,000,000 128,046,000 480,981,726 May 01 04:23 PM
MSFT GATES WILLIAM H III Director Apr 24 Sale 32.00 3,500,000 112,004,900 495,481,726 Apr 26 04:09 PM
MSFT GATES WILLIAM H III Director Apr 23 Sale 32.14 2,000,000 64,275,400 498,981,726 Apr 25 04:34 PM
Quote from stock777:
omg , he's unloading.
MSFT GATES WILLIAM H III Director Apr 25 Sale 32.18 6,500,000 209,162,200 488,981,726 Apr 27 04:18 PM
MSFT GATES WILLIAM H III Director Apr 26 Sale 32.12 4,000,000 128,487,200 484,981,726 Apr 30 04:40 PM
MSFT GATES WILLIAM H III Director Apr 27 Sale 32.01 4,000,000 128,046,000 480,981,726 May 01 04:23 PM
MSFT GATES WILLIAM H III Director Apr 24 Sale 32.00 3,500,000 112,004,900 495,481,726 Apr 26 04:09 PM
MSFT GATES WILLIAM H III Director Apr 23 Sale 32.14 2,000,000 64,275,400 498,981,726 Apr 25 04:34 PM
Quote from cactiman:
The low volume during this latest pullback, and the way the 50 day MA held as Support are both good signs - no panic selling.
Now we need a Catalyst for a Massive Inflow of $$ from the Fund Managers!
How about this:
Steve Jobs was a Genius, and created the Greatest Tech Company of All Time!!
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Accumulation would show up as lots of Black Volume Bars, with the Price bumping up against Resistance.
More like AAPL did in February & March.
It should happen eventually (if you believe AAPL will go to new highs), it's just a question of when.
Quote from rockefehler:
It sure looks like it has bottomed ... upsurge tomorrow?
Quote from SteveNYC:
yeah the chart shows an ass formation.
Quote from stock777:
omg , he's unloading.
MSFT GATES WILLIAM H III Director Apr 25 Sale 32.18 6,500,000 209,162,200 488,981,726 Apr 27 04:18 PM
MSFT GATES WILLIAM H III Director Apr 26 Sale 32.12 4,000,000 128,487,200 484,981,726 Apr 30 04:40 PM
MSFT GATES WILLIAM H III Director Apr 27 Sale 32.01 4,000,000 128,046,000 480,981,726 May 01 04:23 PM
MSFT GATES WILLIAM H III Director Apr 24 Sale 32.00 3,500,000 112,004,900 495,481,726 Apr 26 04:09 PM
MSFT GATES WILLIAM H III Director Apr 23 Sale 32.14 2,000,000 64,275,400 498,981,726 Apr 25 04:34 PM
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Still looks OK.
An orderly Low Volume Pullback so far, since April 25th.
Staying above the 50 day MA as well.
Squisssssssshhhhhhhh!!!
Quote from RedTankEra:
Plenty of different reasons as to why insiders sell, but only one for buying.
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Many key instruments closed today at key areas of do or die, AAPL no exception. Leaving the next move at the mercy of the Job report.
Whatever happens in my opinion will have a very nice follow up.
The Nasdaq weekly is hinting more upside.
Let's see if the Job report can be predicted.
Q:
What do
June-July 2009
January 2010
August 2010
May-June 2011
Oct-Nov 2011
all have in common?
A:
Multi-week Bull Flags were formed for AAPL during those months, just like the one being built now, in April-May 2012.
And after ALL of those previous Continuation Patterns there were BIG LONG RALLIES to New Highs!!
One more time soon, for us Bulls?
I still have "faith" in the AAPL Uptrend. Went further Long on the Dip.
Sold a January 2013 AAPL 560/555 Bull Put Spread @AAPL 573.31.
Maximum Possible % Gain: 91.15%
As long as 555-560 holds as the bottom of the Current Channel, AAPL is OK.
It's still just a Low Volume Pullback/Bull Flag at this point.
Quote from cactiman:
As long as 555-560 holds as the bottom of the Current Channel, AAPL is OK.
Quote from raincrab:
the only thing that stopped it at 550 last time was a blowout quarter
We all know the outcome, it's just a matter of withstanding the retracement.
I'm a buyer between the gap fill and the 500 level for a break of current highs.
Quote from FreakofNature:
We all know the outcome, it's just a matter of withstanding the retracement.
I'm a buyer between the gap fill and the 500 level for a break of current highs.
obviously aapl will print 500 next two weeks, it peaked.
only idiots will buy when it retrac or actually in a down trend.
if you connected the low and high, easily it is a reversal pattern.
I bought some 550/530 put for next two weeks. nasdaq will easily drop another 100points next week (normally it will be below 100points of 50EMA, it bounces or reverses).
May historically is pattern. 2010/5/6 10%drop, dow dropped 1000points.. 2011 5/7 crude dropped 10%, then middle may the index. this year it seems the same, crude dropped almost 9bucks (two days), nasdaq dropped 120+ (two days)...
May historically looks like a reversal. a strong start, then from May, it reverses,.... the same pattern
aapl goes up quick, it will become the star when all the markets start to drop, she will lead the drop
Quote from trader198:
obviously aapl will print 500 next two weeks, it peaked.
only idiots will buy when it retrac or actually in a down trend.
if you connected the low and high, easily it is a reversal pattern.
I bought some 550/530 put for next two weeks. nasdaq will easily drop another 100points next week (normally it will be below 100points of 50EMA, it bounces or reverses).
May historically is pattern. 2010/5/6 10%drop, dow dropped 1000points.. 2011 5/7 crude dropped 10%, then middle may the index. this year it seems the same, crude dropped almost 9bucks (two days), nasdaq dropped 120+ (two days)...
May historically looks like a reversal. a strong start, then from May, it reverses,.... the same pattern
aapl goes up quick, it will become the star when all the markets start to drop, she will lead the drop
...particularly with a Fed Chairman that won't raise rates no matter what.
I don't fight the fed, I buy their pull backs as long as they are not raising, and I only buy the best, and Apple is the best of the USA.
You hit it right on the head FoN.
I lost a lot of money shorting the July '09 - April '10 uptrend.
"It doesn't make sense, the news and fundamentals are so bad, it HAS to go back down, etc."
It just kept going up and up and up....
Just kept shorting it, "knowing" I'd be right eventually!
Ugh.
Then I saw a trader interviewed on TV who said, "Actually the Bull Market makes perfect sense, because of the Fed's Interest Rate Policy."
That's when a light went on in my thick skull and "Don't Fight The Fed" finally hit home.
Ahhhhhhhhh!!!!
Quote from cactiman:
...particularly with a Fed Chairman that won't raise rates no matter what.
I don't fight the fed, I buy their pull backs as long as they are not raising, and I only buy the best, and Apple is the best of the USA.
You hit it right on the head FoN.
I lost a lot of money shorting the July '09 - April '10 uptrend.
"It doesn't make sense, the news and fundamentals are so bad, it HAS to go back down, etc."
It just kept going up and up and up....
Just kept shorting it, "knowing" I'd be right eventually!
Ugh.
Then I saw a trader interviewed on TV who said, "Actually the Bull Market makes perfect sense, because of the Fed's Interest Rate Policy."
That's when a light went on in my thick skull and "Don't Fight The Fed" finally hit home.
Ahhhhhhhhh!!!!
Quote from FreakofNature:
Obviously you are entitled to your opinion but the weekly is a bull flag and this downtrend is only but the pennant of a much bigger formation.
The only way this is a top for Apple is if the indices made a top themselves, and in electoral year, I highly doubt it, particularly with a Fed Chairman that won't raise rates no matter what.
I don't fight the fed, I buy their pull backs as long as they are not raising, and I only buy the best, and Apple is the best of the USA.
It is a market afterall, you are a bear, I'm a bull, 700s are coming.
__________________
HOW MUCH IS ENOUGH?
Bud Fox
Wall Street
Quote from bwolinsky:
Not sure you can count on much higher prices if U6 unemployment is at 15+%, and the unemployment rate is 8.1%. That never is good for any incumbent president so don't expect a rally until Romney starts taking the gallup polls.
Could be in for a dose of deflation, after rampant inflation, which occur at the same time, and this time around that will not translate into higher prices in equities, because interest rates are too low.
The SPX looks like a top in the making, AAPL could be the start of the C wave, not quite sure.
Where's Mr777 to enjoy his moment of glory?
given its size and gain for the year so far, it might be a new safe haven. AAPL could be the new GLD
Quote from rockefehler:
The SPX looks like a top in the making, AAPL could be the start of the C wave, not quite sure.
Where's Mr777 to enjoy his moment of glory?
I think it will bounce off the 1350 level for now, the formation doesn't look finished yet. And I'm not sure yet whether it's a top or continuation pattern.
Quote from trader198:
obviously aapl will print 500 next two weeks, it peaked.
only idiots will buy when it retrac or actually in a down trend.
if you connected the low and high, easily it is a reversal pattern.
I bought some 550/530 put for next two weeks. nasdaq will easily drop another 100points next week (normally it will be below 100points of 50EMA, it bounces or reverses).
May historically is pattern. 2010/5/6 10%drop, dow dropped 1000points.. 2011 5/7 crude dropped 10%, then middle may the index. this year it seems the same, crude dropped almost 9bucks (two days), nasdaq dropped 120+ (two days)...
May historically looks like a reversal. a strong start, then from May, it reverses,.... the same pattern
aapl goes up quick, it will become the star when all the markets start to drop, she will lead the drop
So I guess the world hasn't come to an end because the French and Greeks voted in some Socialists.
Starting to see some Green on my Screen.
Could 561.23 be the bottom of AAPL's Bull Flag?
Are we off to the races again?
This looks OK too. See higher lows since the pullback to 1357.38. Making a higher high above 1415.32 for a new uptrend might prove a bit more difficult.
Is this a bottom in APPL? Only time will tell.
Quote from cactiman:
So I guess the world hasn't come to an end because the French and Greeks voted in some Socialists.
Starting to see some Green on my Screen.
Could 561.23 be the bottom of AAPL's Bull Flag?
Are we off to the races again?
Quote from rockefehler:
I think it will bounce off the 1350 level for now, the formation doesn't look finished yet. And I'm not sure yet whether it's a top or continuation pattern.
Quote from short4bread:
Is this a bottom in APPL? Only time will tell.
Long AAPL 571.50 think it bottomed.
[QUOTE]Quote from FreakofNature:
Long AAPL 571.50 think it bottomed. [/QUOT
It looks like it did. The bulls may have taken over.
Quote from SteveNYC:
Bottom is either in or close.
Thought bottom was going to fall out.
Buy or not.
555.00 is still Holding as the Low of the Channel, and the Volume is still Below Average (compared to March/April) - both Positives.
Now we need a Catalyst to get AAPL going up above the 50 MA again, and then on to New Highs....
There are still Buyers in the 1340-1350 zone. Another "Hammer" Candle was formed today. Support is holding so far.
This is what i got going on for apple.
I have 2 limit orders set.
limit buy 576.00 take profit 3.5% at 596.00, stop loss at 5.55 3.5%
Daily Chart
looking for a 4 bar set up 2 of the last 3 bars being green and the forth breaking the previous three bars resistance. My limit order hit would be the fourth bar. If this doesn't hit tomorrow i will reevaluate.
Take profit is a reasonable 3.5% and my stop loss also at 3.5% right below the support of the previous three bars. I want to allow the trade to bounce off support if it goes against me at first.
If the market remains bearish and Apple falls victim.
Limit sell 549.00 Take profit after first reverse daily bar pivot which also means a potential stop loss at first daily reverse pivot.
I may Take profits sooner! Stop loss will not be manipulated.
Limit sell at 549.00 due to the broken neckline April 24ths 555.00 low
I wouldn't buy market unless one of these two things transpire at the time you are watching it happen.
I am sure i can be criticized for my trade setups. There are reasons why I take profits somewhat fast. Also reasons for a boring even R:R.
This allows a high potential to take profit in either direction.
__________________
I live to trade not trade to live
Quote from Mr Super Trader:
This is what i got going on for apple.
I have 2 limit orders set.
limit buy 576.00 take profit 3.5% at 596.00, stop loss at 5.55 3.5%
Daily Chart
looking for a 4 bar set up 2 of the last 3 bars being green and the forth breaking the previous three bars resistance. My limit order hit would be the fourth bar. If this doesn't hit tomorrow i will reevaluate.
Take profit is a reasonable 3.5% and my stop loss also at 3.5% right below the support of the previous three bars. I want to allow the trade to bounce off support if it goes against me at first.
If the market remains bearish and Apple falls victim.
Limit sell 549.00 Take profit after first reverse daily bar pivot which also means a potential stop loss at first daily reverse pivot.
I may Take profits sooner! Stop loss will not be manipulated.
Limit sell at 549.00 due to the broken neckline April 24ths 555.00 low
I wouldn't buy market unless one of these two things transpire at the time you are watching it happen.
I am sure i can be criticized for my trade setups. There are reasons why I take profits somewhat fast. Also reasons for a boring even R:R.
This allows a high potential to take profit in either direction.
1350 Support still solid.
Quote from cactiman:
The 576-596 Trade should work fine When (If?) AAPL resumes its uptrend, and goes back up to the 600's.
Hopefully (because I'm Long!) the 549.00-down?? Trade won't happen...
Of course if AAPL decides to go sideways for a while, in the 576-555 range, you could get whipsawed. But there's no way to set things up for all possibilities.
555.00 is still the low of the Channel, so things are at least "stable" for now. We'll see what tomorrow brings...
__________________
I live to trade not trade to live
Quote from Mr Super Trader:
I'll keep my buy limit open. Didn't hit today. Almost though!
Like you said we will see what happens tomorrow.
__________________
Rabbit
Hmm, looks like the bounce failed ...
Quote from rockefehler:
Hmm, looks like the bounce failed ...
SPX made a lower low, and the last candle looks bearish ... but maybe it surprises me to the upside coming week. Ye'never know
Quote from cactiman:
It hasn't Bounced yet, but it stayed above 555.00 and the Volume was at a non-panicky low average.
A Soft Landing perhaps?
Or maybe it's been forming a Launch Pad for a Blast Off in the near future?
Anyway, I need AAPL to make 620 by July 20th for my Spread, so I hope it doesn't Dilly-Dally around too much longer!
Quote from atticus:
So much for free money.
Quote from rockefehler:
SPX made a lower low, and the last candle looks bearish ... but maybe it surprises me to the upside coming week. Ye'never know
1250 seems like a nice target.
Went further Long in AAPL today, via Selling January 555/550 Bull Put Spreads.
Support Easily Holding in Low Volume on a Terrible Red Day like this?
Is the Bottom in for AAPL? I think so.
We'll find out soon enough.
Quote from cactiman:
Went further Long in AAPL today, via Selling January 555/550 Bull Put Spreads.
Support Easily Holding in Low Volume on a Terrible Red Day like this?
Is the Bottom in for AAPL? I think so.
We'll find out soon enough.
__________________
Rabbit
thought i told you to sell 90 points ago?
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from FreakofNature:
Long AAPL 571.50 think it bottomed.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from Rabbitone:
Apple and the market seem to have different ideas about bottoms judging by today’s selling?
Great TA - "The technical chart shows that the bears are fighting back. The stock managed to climb up above the 20-day SMA late in April after the earnings report but failed. A sharp correction has dropped the stock below its 20-day and 50-day SMAs, and the 600 level. As long as the stock trades above its rising 200-day SMA, the bulls will remain in the game. Looking at the chart, the technical indicators are looking bearish. The slow STO has fallen sharply towards its oversold zone and the MACD has dropped into negative territory below its signal line. In addition, the RSI has crossed below its 50% level. However, the stock closed today near its major support of 549 and we may see rally from this levels. Traders should go long using a stoploss below support and hope for targets of 578-589 means 4-6% gains in 1-2 weeks time frame. Any upward bounce towards the 50-day SMA is likely to be used as a selling opportunity by the bears"
Source : www.ac-investor.blogspot.com
__________________
Miguel
www.ac-investor.blogspot.com
There appears to be a worm in the apple. A somewhat high volume decline shows that hedge funds are jumping out of this apple cart.
been telling all along that aapl was a bloated pig.
any questions children?
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Quote from flipside21:
There appears to be a worm in the apple. A somewhat high volume decline shows that hedge funds are jumping out of this apple cart.
once again, in public, I have proved my greatness.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
heres something for the few of you that arent complete morons
MLM , einhorns latest bash, is s hort for multi level marketing, , the biz HLF is in.
very clever. hes fukkin with their heads.
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Still "Buying" the Pullback (Bull Flag)
Adding to Long Position via January 510/505 Spreads
Long Term Uptrend still intact!
PE Ratio getting Smaller!
Debt the Same (0.00%)!
any questions my children?
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
put sellers now putz buyers
genius, i know
__________________
"Those that know ain't saying, and those saying don't know." - E. A. Neumann
A bear since 1958 and proud of it.
Yesterday my limit sell hit at 549. 00 at the broken neckline 555.00. Still sticking with the game plan of first daily reverse pivot take profit.
Tomorrow may reevaluate the trade as i like to take profits.
My buy limit for 576 never hit. Was really close though!
The reason I trade limits. Take advantage of either possible direction when the market is deciding which way it wants to go.
Let the market come to you!
All you longs are getting a great deal. Looks like you will even get a better deal with in days to come.
__________________
I live to trade not trade to live
Quote from Mr Super Trader:
Yesterday my limit sell hit at 549. 00 at the broken neckline 555.00. Still sticking with the game plan of first daily reverse pivot take profit.
Tomorrow may reevaluate the trade as i like to take profits.
My buy limit for 576 never hit. Was really close though!
The reason I trade limits. Take advantage of either possible direction when the market is deciding which way it wants to go.
Let the market come to you!
All you longs are getting a great deal. Looks like you will even get a better deal with in days to come.
A rough 6 weeks!
Not a pleasant job, creating Bull Flags....
Quote from cactiman:
A rough 6 weeks!
Not a pleasant job, creating Bull Flags....
Quote from short4bread:
We should get a rally to the up side this week. It options experation.
Quote from cactiman:
I like that kind of talk.
Off to a good start!
Still a long ways to go....
Quote from short4bread:
Wow , it might break 550 today!!!
Quote from short4bread:
Wow , it might break 550 today!!!
Quote from cactiman:
I need 620+ by July 20th for one of my Spreads.
That one still has me worried a bit....
Where are my antacids?
Quote from short4bread:
I bet it makes a new all-time high a month before this.
URGENT! Message To All AAPL Bears:
KEEP COVERING THOSE SHORTS!!!!!!!!!!
Quote from cactiman:
URGENT! Message To All AAPL Bears:
KEEP COVERING THOSE SHORTS!!!!!!!!!!
Quote from short4bread:
I love bear meat. It's delicious...mmm...
http://www.cnbc.com/id/47506512
Quote from short4bread:
There's still a lot of bear left over here. Would you like some Cactiman?
Mmm, savory...
Still, lots of Supply/Resistance Overhead, so there's more work to be done.
Speaking of animals, watch out for Dead Cats!
We want more than a 1 day Bounce.
Was last Friday the Best Buying Opportunity of the Year?
Time will tell....
Quote from short4bread:
I love bear meat. It's delicious...mmm...
http://www.cnbc.com/id/47506512
I think this is called an Upside Reversal....
Quote from cactiman:
I think this is called an Upside Reversal....
Quote from short4bread:
Looks like it'll hit 575 today.
Some interesting AAPL Fundamental News:
http://www.marketwatch.com/Story/st...7E-002128049AD6
Quote from cactiman:
Some interesting AAPL Fundamental News:
http://www.marketwatch.com/Story/st...7E-002128049AD6
Quote from cactiman:
Some interesting AAPL Fundamental News:
http://www.marketwatch.com/Story/st...7E-002128049AD6
Quote from short4bread:
I am not a big fan of Cramer on CNBC, but once in a while he covers something really good. This one is for you Cactiman. That is, if you have already seen it.
http://www.cnbc.com/id/47520836
AAPL's first attempt to break through 575 failed yesterday, and it doesn't look like it plans on trying again today.
I get out of losing Spreads 60-30 days before Expiration, so have until 06/20/12 to decide on the July 620/615 Bull Put position.
We'll see what kind of mood AAPL's in next week....
Could break 560 soon.
Quote from flipside21:
Could break 560 soon.
Quote from cactiman:
I think AAPL is OK. This was an orderly pullback - a nice Bull Flag.
What's needed is some resolution in Europe (a band-aid fix will do!), and then the Buyers will return.
I hope....
Quote from short4bread:
Well Mr. Cactiman, it looks like AAPL is might run into the close.
I'm thinking it may run pretty good tomorrow and break resistance. I am using 573 as resistance.
Quote from cactiman:
Yes s4b, today canceled out some of the paper losses in the July 620/615 Spread.
A good day indeed, but still a long ways to go. 575 still holding as resistance....
My rules give me until 06/20/12 (i.e. 30 days before Expiration) to decide what to do: Hold, Adjust, or Close.
Will be watching like a hawk meanwhile!
Quote from short4bread:
I'm thinking it may run pretty good tomorrow and break resistance. I am using 573 as resistance.
Quote from cactiman:
That would be nice. Then comes the 50 day MA at 589, and of course the big round number 600!
Do you have any positions/bets on with AAPL?
Quote from short4bread:
Yeah, I have a few naked calls. I plan on selling some out of the money calls for a free trade. I have been trading a long time and my bear market signal has not given a sell signal yet. I don't know of anyone using it because I designed it myself. It is pretty accurate and very simple.
Quote from cactiman:
You sold naked calls and want AAPL to go up?
Hope the Strike is 700 and they expire in June.....
Don't get this: "I plan on selling some out of the money calls for a free trade." ???
Bear Market Signal sounds interesting....
Quote from short4bread:
Bought calls. When you buy an option (call or put), let's say for a $1,000 and the stock goes up in price you can sell an out of the money option for $1,000.
Quote from short4bread:
Yeah, I have a few naked calls. I plan on selling some out of the money calls for a free trade..........
__________________
the world is so certain yet i walk on thin ice.
Quote from short4bread:
So if you buy an at the money $570 call and AAPL goes to $575, you can sell a $580 for $1,000. If AAPL hits $580 at option expiration, you make an additional $1,000+$1,000 for the option sold.
Not sure when AAPL will get back north of 600, but I think it should stay above the 525-550 zone from now on.
So I went further to the Long Side on the Pullback:
Opened another AAPL 550/545 January Bull Put Spread.
Getting close to my target of 1250 ...
Last leg of the C wave for Apple?
Quote from rockefehler:
Getting close to my target of 1250 ...
Last leg of the C wave for Apple?
Quote from cactiman:
Not sure about A,B,C Waves, but how about the way I learned?
2 Steps Forward.......1 Step Back!!
426.70 forward to 644.00 =+217.30
(217.30 X .5 =108.65)
644.00 back 108.65 = 535.35!!
Quote from rockefehler:
Only it reached 522, not 535.
Maybe a long bottoming process for the SPX (>2 months), during which Apple can fall to its price target?
13/217 = 2%??
470. If it makes a higher bottom and top, my prediction is canceled.
Quote from rockefehler:
13/217 = 2%??
470. If it makes a higher bottom and top, my prediction is canceled.
If people start predicting Black Monday, the bottom is near
Quote from rockefehler:
If people start predicting Black Monday, the bottom is near
LOL, yeah ... including me.
Today's action makes me think it has bottomed. Looking at the weekly chart also.
It may top though around 600, and another wave down may start.
Quote from rockefehler:
LOL, yeah ... including me.
Today's action makes me think it has bottomed. Looking at the weekly chart also.
Shouldnt the iphone 5 push the nasdaq back to 3000
so whats the consensus after todays close (6/5)...seems like a big move in either direction is starting to brew now...nice volume trade below 560 we'll see the week low (548) down to 530 tested...above 570 (wk high & Open), then trade up to 580 and a test of a breakout above into 590...inside range days, big wicks, and tighter pivot ranges, a nice breakout is forming...time to roll the dice and add on the breakout
Quote from rockefehler:
It may top though around 600, and another wave down may start.
It looks bullish, could form a top around 610 though. Then a bigger C wave down? Not sure at this point.
Target 1250 was not hit yet.
Quote from rockefehler:
It looks bullish, could form a top around 610 though. Then a bigger C wave down? Not sure at this point.
Target 1250 was not hit yet.
Quote from cactiman:
Some think Europe has bottomed because of the Greek "Slap Heard 'Round The World",
http://www.youtube.com/watch?v=gJmAsybnc6s
and because Spain finally sent out an S.O.S. for their banks.
rockefehler,
Here's a new article written just for you!
http://www.marketwatch.com/Story/st...44-C4272BB28649
Liking AAPL's short term Uptrend since hitting the low of 522.18.
Also happy to see its crossing of the 50 MA today.
But it needs to hurry up a bit for my 620/615 Spread!
Still, my losses are getting smaller as it rises....
I agree with that article; looking at the weekly chart, if it tops between 610 and 620, it may drop sharply to say 460, forming the C wave of a larger A-B-C.
Long-term analysis: the Dow will trade till the end of 2013 in the range 11500-15000.
Quote from rockefehler:
I agree with that article; looking at the weekly chart, if it tops between 610 and 620, it may drop sharply to say 460, forming the C wave of a larger A-B-C.
Original Apple 1 Computer Sells for $374,500 in Auction!!
http://blogs.wsj.com/digits/2012/06...tion/tab/print/
I surely hope it for you Mr. Cactiman! But, as you know, the market knows no mercy
It looks quite bullish for now; SPX may top around 1380-1390. So far it looks corrective though, and that means there will follow more downward action, settig a new bottom. We'll see.
Quote from rockefehler:
I surely hope it for you Mr. Cactiman! But, as you know, the market knows no mercy
It looks quite bullish for now; SPX may top around 1380-1390. So far it looks corrective though, and that means there will follow more downward action, settig a new bottom. We'll see.
Quote from rockefehler:
I surely hope it for you Mr. Cactiman! But, as you know, the market knows no mercy
The short squeezer is back, 600 printed today.
Good job bulls.
Quote from FreakofNature:
The short squeezer is back, 600 printed today.
Good job bulls.
AAPL is coming back
It will go above 650.
Re: AAPL is coming back
Quote from Lincoln Chen:
It will go above 650.
Now I'm curious whether AAPL will indeed show the sharp drop hinted at 2 months ago, after topping at 620.
SPX seems to have topped at 1380 as predicted; it isn't entirely clear where the next bottom will be (below 1300 I think).
Quote from rockefehler:
Now I'm curious whether AAPL will indeed show the sharp drop hinted at 2 months ago, after topping at 620.
SPX seems to have topped at 1380 as predicted; it isn't entirely clear where the next bottom will be (below 1300 I think).
I'm thinking about selling some call spreads before earnings tomarrow. I just think they might fall short with the new iphone coming out later this year.
I sold 70 GOOG $615-$620 before last earnings report on thursday, short a little MSFT too, held my GOOG into the close friday and almost shit my pants that day lol.
So I don't know if I'm going to pull the trigger but anyone looking at selling any butterflys or just selling aug credit spreads.
__________________
-Ho
Quote from Uncle_Ho:
I'm thinking about selling some call spreads before earnings tomarrow. I just think they might fall short with the new iphone coming out later this year.
So I don't know if I'm going to pull the trigger but anyone looking at selling any butterflys or just selling aug credit spreads.
Hope you shorted it Uncle Ho.
AAPL currently around 570.
Teeth gnashing moment: I would have bought a nice amount of puts a few days ago, but all my capital is with brokers who don't do puts ... ah well, let's see if it indeed drops to 460
Quote from rockefehler:
Teeth gnashing moment: I would have bought a nice amount of puts a few days ago, but all my capital is with brokers who don't do puts ... ah well, let's see if it indeed drops to 460
Quote from cactiman:
Yesterday was a real let down, but I've stopped crying now, so am able to blather out my 2 bits once again...
Anyway, I'm not just saying this because I'm still Long, but 570 might be as low as she goes.
The latest talk is the stock is still cheap PE wise, they have tons of cash, no debt, and this should be seen as a buying opportunity for the new product releases coming in the Fall.
I go more by charts than fundamental talk (figuring it's reflected in the price anyway, so there's no need to try and figure it all out!), but I don't see this dip as doing any real damage to the uptrend or consolidation phase AAPL's been in as of late.
We'll see what gives soon enough. But I ain't closing my Longs just yet!
__________________
Go Chicago Bulls
You can make it to the Hall of Fame getting base hits or home runs... but you gotta protect the plate!
Patient traders obtain better prices than impatient traders do because they are willing to search longer and harder to arrange their trades at favorable terms. Impatient traders pay for the privilege of trading when they want to trade... Larry Harris, Trading & Exchanges.
...it was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should have showed the greatest profit... their experience matched mine... they made no real money. Men who can be right and sit tight are uncommon... but it is only after a stock operator has firmly grasped this that he can make big money. The market does not beat them they beat themselves because though they have brains they cannot sit tight! Reminiscences (V)
Quote from iceman1:
Yeah - this one could close the gap by Friday. Who knows. Wouldn't surprise me.
I closed my [now] ATM puts and rolled lower; also closed >600 strike credit spreads; then sold 575c and 580c weekly against Aug 585c. Also short 580p against 570p. I also am long Sept 560p against 545p. Also long Aug 560p against 555p. If it rallies will close short leg and maybe convert into bull put spread. Net short a few delta. Plan on legging in and out, and changing strikes accordingly to lean in the right direction ST. Overall I think AAPL might see <550 given we are heading into a weaker seasonal period, i.e. August and then September. I am still not sure if we rally first (i.e. NDX which I am long delta) or crack lower after AMZN tomorrow. We are at a TL on NDX and I "think" today might have been a re-test on that TL. Thus if we don't hold above same that would be a precursor for lower prices <2500.
Of course no one knows for sure with AAPL; lots of cash, still good PE etc. etc. But I think the "street" might see this as a "crack" in the 'invincible' AAPL armor and some might not step up to buy until its marked lower.
Grats to the AAPL bulls!
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