Mav
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Posts: 10,784
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Post by Mav on Nov 2, 2012 11:32:13 GMT -8
That's almost a troll, mad. What are you expecting, some kind of slow bleed to 530 and bumping along the SMA-350 or whatever? (Because I'm not.)
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Post by flyonthewall on Nov 2, 2012 11:34:45 GMT -8
I have been buying since AAPL was at 680. Now I have used the last of my reserves at 578. After I bought, of course, it still is going down. This has got to be reaching the bottom.
Best to all. Now I'm really just a "flyonthewall" for a while.
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Post by appledoc on Nov 2, 2012 11:36:05 GMT -8
$574 brings the P/E below 13... That's what I'm looking for! I'm not excited to be where we are, but the sooner we hit the bottom, the better. Look for 575.44 @ P/C 4.5.
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Post by terps530 on Nov 2, 2012 11:36:19 GMT -8
holy moly.
bought more and now out of funds. geronimooooooo
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Post by darrenhd on Nov 2, 2012 11:38:12 GMT -8
I have been buying since AAPL was at 680. Now I have used the last of my reserves at 578. After I bought, of course, it still is going down. This has got to be reaching the bottom. Best to all. Now I'm really just a "flyonthewall" for a while. At 577 now and now still falling. Looks like still room below and I still don't really see any capitulation yet, so it's possible it could fall even further...
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Post by madmaxroi on Nov 2, 2012 11:39:34 GMT -8
That's almost a troll, mad. What are you expecting, some kind of slow bleed to 530 and bumping along the SMA-350 or whatever? (Because I'm not.) eeeeeeeeeeeeeeeeeehw That's a reverse wheeeee for those that don't know. When (not if) AAPL gets to 660 to 700 area I wonder how many are out there that will liquidate as one does get weary seeing this type of move down and do not want to repeat. Good luck everyone and see you in the soup line. Anyone that would like to define capitulation as to what you need to see volume/price-wise I would love to hear.
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jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 162
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Post by jz on Nov 2, 2012 11:40:45 GMT -8
Open Note to PED: Phillip, Thank you for your continued dedication to high quality reporting on all things Apple. I saw you in LA last year at this time and now you're in New York SHOWING what 800 people in line looks like, rather than second or thirdhand regurgitation of amorphous numbers. Coast to Coast, you are the most honest and hardest working reporter on the Apple beat. Thank you for the master craftsmanship!
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Post by madmaxroi on Nov 2, 2012 11:41:16 GMT -8
Open Note to PED: Phillip, Thank you for your continued dedication to high quality reporting on all things Apple. I saw you in LA last year at this time and now you're in New York SHOWING what 800 people in line looks like, rather than second or thirdhand regurgitation of amorphous numbers. Coast to Coast, you are the most honest and hardest working reporter on the Apple beat. Thank you for the master craftsmanship! +1
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Post by appledoc on Nov 2, 2012 11:42:04 GMT -8
When (not if) AAPL gets to 660 to 700 area I wonder how many are out there that will liquidate as one does get weary seeing this type of move down and do not want to repeat. The same was said about 644. We did fine with that.
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Mav
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Post by Mav on Nov 2, 2012 11:43:34 GMT -8
Not sure I always agree about PED being an _awesome_ Apple reporter. (Yes, I might not be on the exact same subject here.) But he's pretty decent.
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Post by Red Shirted Ensign on Nov 2, 2012 11:44:31 GMT -8
pissed my pant and forgot who I was for a half hour. Then bought at 580.50. ROFL!!! And big CONGRATS!!! Lovey, are you hocking the jewels yet?
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jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 162
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Post by jz on Nov 2, 2012 11:45:11 GMT -8
Pulling the brightest quote from Nigam Arora's latest article in Marketwatch:
At this time, Apple stock is like dry tinder; the tiniest spark on the positive side may make the stock explode on the upside.
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Post by ccs on Nov 2, 2012 11:46:59 GMT -8
This is crazy
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Post by miguelfoogo on Nov 2, 2012 11:47:43 GMT -8
I guess my weird calm comes from being mesmerized with watching it fall. Not a boring day at least, but gah. At work but watching that ticker going down to PE 12.99.
Edit: I do wish I had cash to buy in right now though. I am considering depositing more funds into my account. Still it would take 4 days or so to be ready, may be too late?
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Mav
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Post by Mav on Nov 2, 2012 11:48:24 GMT -8
Capitulation: Finale? Capitulation: Part 2 of whatever? I dunno, but this looks like capitulation to me. An undervalued stock in extended, overwhelming-feeling sell off? Check.
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Post by darrenhd on Nov 2, 2012 11:49:17 GMT -8
On a daily level it is, but Apple is still up over 40% YTD. I'm personally calling 530 a "WTF" bottom and quick bounce. At least I see that potential. We are at $576 as I write this, and yes I'm long and under water...my last buy was at 591...so maybe don't listen to me! lol. But I'm holding.
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Post by terps530 on Nov 2, 2012 11:49:39 GMT -8
Pulling the brightest quote from Nigam Arora's latest article in Marketwatch: At this time, Apple stock is like dry tinder; the tiniest spark on the positive side may make the stock explode on the upside. I think he had a typo in that when he typed 'upside'. Those 'down' keys sometimes bug out and type 'up' All the super long lines and sellouts would be a positive to me, but hey lets drop 20 points after dropping 100. Tough to swallow the bright points currently...
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Post by Red Shirted Ensign on Nov 2, 2012 11:50:13 GMT -8
I don't know what capitulation looks like but I know what undervalued looks like....
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Post by lance on Nov 2, 2012 11:51:56 GMT -8
Is aapl officially the cheapest stock on the market with respect to peg ratio, especially if you consider cash per share in the calculation? There can't be much cheaper than this.
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icam
Member
Posts: 447
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Post by icam on Nov 2, 2012 11:52:10 GMT -8
Just bought the GOOB sale. Feels a lot better than buying at ATH's. Are you kidding me? PE of 10.27 + cash! Candy from a baby.
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Post by highway2heel on Nov 2, 2012 11:52:11 GMT -8
I could see us breaking $570 but not $560...of course that's based purely on previous WTF sale P/E bottoms....and Keynes spoke to the dangers of looking for some kind of rationality in all of this...
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Post by appledoc on Nov 2, 2012 11:53:47 GMT -8
Sure does look like capitulation to me.
Bought some Jan 14 1050s. I'm looking forward to Monday.
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Post by lance on Nov 2, 2012 11:53:49 GMT -8
I havent ever seen expectations so low for aapl than ever before. This could lead to an epic move in the stock if Q1 surprises to the upside.
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Post by darrenhd on Nov 2, 2012 11:54:53 GMT -8
I could see us breaking $570 but not $560...of course that's based purely on previous WTF sale P/E bottoms....and Keynes spoke to the dangers of looking for some kind of rationality in all of this... It's not rational, just as the 200-->80 drop in 2008 wasn't. And the stock recovered and if you had the capital to buy at 80 you got your reverse WTF moment Problem was most of us didn't at the time!
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Post by wheeles on Nov 2, 2012 11:55:25 GMT -8
Buy, buy, buy. First stop 612. Alright, officially over margined now... Very last bullet fired in a retirement account (that I thought did not allow margin) and filled at the symmetrical value of $580.580. Cheers to the Longs (if not today, then someday soon). On days like these it's pretty hard to pick the exact bottom. However, AAPL has now filled all my criteria for a healthy bounce. The last 15 minutes can be a bit rough as automated margin selling kicks in at some brokerages, so if there hasn't been an appreciable bounce by then, your pants get pulled down a bit further. It doesn't help that a hedge fund blew up today from being overly leveraged long AAPL, so all the sharks piled in too just to make matters worse. Nonetheless, they will have to get out fairly soon to avoid paying the dividend. So, any bit of good news like iPad mini sales should kick off a good bit of short-covering.
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Nov 2, 2012 11:55:50 GMT -8
PAIN!
Wow, much lower than I was thinking. Looking at candidates to vote for in the local elections was more fun than this. Time to go vote early
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Post by Red Shirted Ensign on Nov 2, 2012 11:57:33 GMT -8
We are truly unloved....
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Nov 2, 2012 11:58:26 GMT -8
This is NOT your therapist's office. Sniping at each other is not productive. Seriously, how does this FUD help? Go tell it to your cat. Isn't it amazing how the tone of posts change with the price AAPL? What's "unproductive" is crankiness. Well then call me unproductive, @#$%&!.
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Post by highway2heel on Nov 2, 2012 11:58:37 GMT -8
I picked the wrong week to stop *insert vice here*...
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Nov 2, 2012 11:59:13 GMT -8
BOT: Jan 580-600.
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