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Post by bernard on Oct 19, 2012 10:31:12 GMT -8
Fuel on the fire theory #1: I know this drop can be attributed to the disappointing earnings from Google, Microsoft, and GE, monthly OPEX and to the SPY dropping below a key support level, butr could it not also have been exacerbated by those selling in advance of the miniIpad announcement as they did last month with the iPhone?
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Post by charles on Oct 19, 2012 10:32:06 GMT -8
Nate, if you did sell at the peak awhile ago, what would you be doing with a bunch of your cash TODAY? Buying perhaps? Try not to sell on a day you would buy if you were all cash! If I had cash I would be buying. This drop is really hurting though. Well, you've got LOTS of hurtin company here! I "bought the dip" heavily way back at 650 or so. We may as well hang on and see if we get a bounce now eh?
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Post by CdnPhoto on Oct 19, 2012 10:36:20 GMT -8
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Post by phoebear611 on Oct 19, 2012 10:37:23 GMT -8
What did Andy Zaky say was the bottom the other day? Didn't he mention 615 or so .... or am I delusional? Anyone remember?
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Post by bernard on Oct 19, 2012 10:38:05 GMT -8
And what happened to the "impenetrable" put wall at 625? You kids are too young to remember the Maginot line. At 615 we are at about a 12.7% drop from 705. I believe the maximum contraction has been about 13-14% since 2010? So - hopefully- we are at the bottom.
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Post by podboy on Oct 19, 2012 10:40:08 GMT -8
Next resistance? I know there is a lot at 570
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Post by magictrackpad on Oct 19, 2012 10:42:37 GMT -8
What did Andy Zaky say was the bottom the other day? Didn't he mention 615 or so .... or am I delusional? Anyone remember? Yes, Bullish Cross wrote: We do not believe Apple will see levels below $615 a share. Thus, anything between $615 and $630 is an extraordinary buying opportunity. Between $630 and $650, you have a great entry level.Hello by the way, I am new to this forum. I am a small time trader/investor and I'm also relatively new to stocks, and I just bought some AAPL at around 616. I got slightly burned by the last earnings period, and I'm hoping for a bounce this time.
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JDSoCal
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Post by JDSoCal on Oct 19, 2012 10:45:15 GMT -8
And what happened to the "impenetrable" put wall at 625? You kids are too young to remember the Maginot line. What are you, like 128 years old? Please direct me to a quote when anyone on planet earth, let alone here, ever said option pain was "impenetrable." When sentiment takes over, option pain's influence wanes. And this is the worst market sentiment I've seen in a while. But, speaking of lines in the sand, I do notice that we are bouncing off of 615. Not saying it's going to hold, but MM's are already in the red today.
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Post by Tetrachloride on Oct 19, 2012 10:46:49 GMT -8
Welcome magictrackpad,
a good day for buyers. 615 is near my entry point normally speaking. Still watching the news myself.
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JDSoCal
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Post by JDSoCal on Oct 19, 2012 10:51:32 GMT -8
What did Andy Zaky say was the bottom the other day? Didn't he mention 615 or so .... or am I delusional? Anyone remember? Yes, Bullish Cross wrote: We do not believe Apple will see levels below $615 a share. Thus, anything between $615 and $630 is an extraordinary buying opportunity. Between $630 and $650, you have a great entry level.Hello by the way, I am new to this forum. I am a small time trader/investor and I'm also relatively new to stocks, and I just bought some AAPL at around 616. I got slightly burned by the last earnings period, and I'm hoping for a bounce this time. Link?!?!?! TIA.
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Post by bernard on Oct 19, 2012 10:53:16 GMT -8
And what happened to the "impenetrable" put wall at 625? You kids are too young to remember the Maginot line. What are you, like 128 years old? FYI: Maginot line was a pre-WWII fortification.
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Post by magictrackpad on Oct 19, 2012 10:53:20 GMT -8
Yes, Bullish Cross wrote: We do not believe Apple will see levels below $615 a share. Thus, anything between $615 and $630 is an extraordinary buying opportunity. Between $630 and $650, you have a great entry level.Hello by the way, I am new to this forum. I am a small time trader/investor and I'm also relatively new to stocks, and I just bought some AAPL at around 616. I got slightly burned by the last earnings period, and I'm hoping for a bounce this time. Link?!?!?! TIA. bullishcross.com/It's the second article on the page, called Apple $1000: Why it’s time to buy
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Post by lovemyipad on Oct 19, 2012 10:54:29 GMT -8
Welcome, magictrackpad!!!
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Mav
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Post by Mav on Oct 19, 2012 10:59:38 GMT -8
The daily chart oversold conditions are looking RIDICULOUS. I don't think it was wrong to go Tier 0.5-1ish today.
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Post by dreamRaj on Oct 19, 2012 11:00:09 GMT -8
Anybody knows what Scott Redler's saying about this?
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Oct 19, 2012 11:00:18 GMT -8
What are you, like 128 years old? FYI: Maginot line was a pre-WWII fortification. WWII started in 1939, 73 years ago. So anyone who "remembers" how its fortifications fared would have to be old as the hills and twice as dusty. And have a great memory. I'm in my 40's and I can't remember what I had for dinner last night.
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Post by magictrackpad on Oct 19, 2012 11:01:38 GMT -8
Welcome, magictrackpad!!! Thanks! I've been following the forum ever since it was located on the previous site. I am a beginner, and I'm afraid that I don't have much of value to add, so I will mostly be reading posts and trying to learn.
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Post by Apple II+ on Oct 19, 2012 11:04:09 GMT -8
I bought the dip. Again (again). and again, again...
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Mav
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Post by Mav on Oct 19, 2012 11:08:04 GMT -8
Redler's headed to Santa Clara for a Charles Schwab conference per his last tweet. Considering he's from the NY area, he'll check in long after mkt close.
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Mav
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Post by Mav on Oct 19, 2012 11:08:58 GMT -8
May go Tier 1.5. We'll see near end of day.
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Post by Tetrachloride on Oct 19, 2012 11:09:02 GMT -8
Welcome, magictrackpad!!! Thanks! I've been following the forum ever since it was located on the previous site. I am a beginner, and I'm afraid that I don't have much of value to add, so I will mostly be reading posts and trying to learn. Questions are good too. Its all too often that I ask a question with an "obvious" answer and get something epic. Chime in anytime, please.
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Post by fas550 on Oct 19, 2012 11:09:42 GMT -8
If I were a Goog holder for the past 5 days I would be walking around disoriented like I had been hit in the head with a large stick. The folks holding AMZ must be screaming "Pucker factor high, pucker factor high..." as they have dropped only modestly but are staring at a 299 current PE and a forward 102. lots of room to move; the wrong way.
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Mav
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Post by Mav on Oct 19, 2012 11:11:41 GMT -8
AMZN's 100-day is around 236...I might just stay away until after earnings, or if AMZN shareholders get spooked by iPad mini.
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Post by terps530 on Oct 19, 2012 11:12:14 GMT -8
here is a question- how quickly will I slam shots at happy hour after work in order to forget about this nonsense?
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Post by bernard on Oct 19, 2012 11:13:04 GMT -8
FYI: Maginot line was a pre-WWII fortification. WWII started in 1939, 73 years ago. So anyone who "remembers" how its fortifications fared would have to be old as the hills and twice as dusty. And have a great memory. I'm in my 40's and I can't remember what I had for dinner last night. That's OK. Medicare is covering my bleeding today.
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Post by magictrackpad on Oct 19, 2012 11:14:14 GMT -8
Thanks! I've been following the forum ever since it was located on the previous site. I am a beginner, and I'm afraid that I don't have much of value to add, so I will mostly be reading posts and trying to learn. Questions are good too. Its all too often that I ask a question with an "obvious" answer and get something epic. Chime in anytime, please. Thanks! I have a lot to learn about technicals and charts etc., however based on my short experience, my biggest enemy has been myself, but I believe that I'm beginning to overcome that. I have been a victim of panic inflicted selling a few times, and every single time, it turned out to be a mistake. I guess that we all have to err a few times in order to recognize our mistakes, and I'm slowly but surely starting to learn.
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Post by lovemyipad on Oct 19, 2012 11:16:22 GMT -8
Anybody knows what Scott Redler's saying about this? Yesterday, he said if we lose the daily SMA-100, get out of the way.
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Post by lovemyipad on Oct 19, 2012 11:17:08 GMT -8
(...)I'm in my 40's and I can't remember what I had for dinner last night. IPA?
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Mav
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Post by Mav on Oct 19, 2012 11:18:16 GMT -8
It's not a bad time to scale in, though, if you give it enough time to hopefully be right.
This is "panic selling." The capitulation event is on. It's just the when it ends that's the tricky part. Moreso given the incredibly gloomy market atmosphere, NASDAQ possibly dipping under 3000 at some point, etc.
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Post by magictrackpad on Oct 19, 2012 11:18:37 GMT -8
Anybody knows what Scott Redler's saying about this? Yesterday, he said if we lose the daily SMA-100, get out of the way. What is the daily SMA-100 figure for AAPL at?
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