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Post by rutgersguy92 on Nov 2, 2012 12:28:25 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.) When (not if) AAPL gets to 660 to 700 area... I love that positivity, Fester. Keep it up.
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Post by aaplexcelsior on Nov 2, 2012 12:28:54 GMT -8
So it started the day up (chart says it hit 540), then down to 522, and then partially back up? How did folks explain the $26 rise on Monday? Was there any kind of news or something to pin it on? Yes to your first question. As for your second, I don't remember there being any news. It was definitely a WTFFFFFFF time for all of us. I do remember it well, though I wasn't following the stock on an intraday basis at the time. I was hurting from the drop since April (I even managed to buy options right before earnings, but didn't take my gains and let them dwindle in value to almost zero). While on vacation in Tunisia, I saw Zaky's "bottom" call in May, and got heavily invested, including in LEAPs. Then I bought more after the Q3 earnings gap down. So that was all good. Unfortunately I also followed Zaky's call this time around 630...
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Post by wheeles on Nov 2, 2012 12:29:26 GMT -8
Do you think the Rochdale Securites news might have contributed to that last $10 push down? I think that had something to do with it. Every article on Zerohedge seemed to be about AAPL in some way or another. No doubt lots of people jumped in short. However, we all know how AAPL can rip higher from the depths of despair. I spent the day calling the bottom and buying. Yes, watching it continue to drop almost 20 bucks below my first buy was fairly hard to stomach, but every thing I was looking for apart from a flash capitulation happened, but I will take the last few hours as a capitulation instead.
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Post by archibaldtuttle on Nov 2, 2012 12:29:32 GMT -8
Why do you think Zaky has lost it? I'm hoping he's right!
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mark
fire starter
Posts: 1,552
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Post by mark on Nov 2, 2012 12:33:39 GMT -8
Guess who's going to get a bigger dividend check (deposit) next week?
Me! Because I bought more actual shares late today (575-something). First time I've bought shares instead of options since summer 2008. Market order too, ha!
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Mav
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Post by Mav on Nov 2, 2012 12:33:44 GMT -8
I still don't see any news reports on the size of Rochdale's AAPL trade.
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Deleted
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Post by Deleted on Nov 2, 2012 12:34:38 GMT -8
Not a good way to wake up on a Saturday morning.
This Dip just turned into a f**kn crater!
I've been 100% in forever. I had fleeting thoughts of just giving up and getting out, which to me means it feels like a bottom.
Monday can't come soon enough.
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Post by archibaldtuttle on Nov 2, 2012 12:40:14 GMT -8
When we're in the middle of these huge drop weeks I actually hate the weekends. Find myself looking forward to Monday and the hope that it might be over.
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Post by hellojapan on Nov 2, 2012 12:40:14 GMT -8
I still don't see any news reports on the size of Rochdale's AAPL trade. I heard about it this morning from a source I consider to be reliable, well before the news broke this afternoon. According to him Rochdale bought a million shares in error.
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Post by aaplexcelsior on Nov 2, 2012 12:44:00 GMT -8
When we're in the middle of these huge drop weeks I actually hate the weekends. Find myself looking forward to Monday and the hope that it might be over. And *this* Monday, hopefully it will be! I was pretty stressed some of the last few weekends but now it really has reached comic levels.
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Post by rutgersguy92 on Nov 2, 2012 12:44:42 GMT -8
I had fleeting thoughts of just giving up and getting out, which to me means it feels like a bottom. I have the same indicator. Includes the stomach turning over, a nauseating feeling, and an urge to just bag it. Of course, these feelings have been routine since about 650, so we'll see if "this is really the end" (apologies to Bob Dylan).
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Post by fas550 on Nov 2, 2012 12:45:21 GMT -8
Not a good way to wake up on a Saturday morning. This Dip just turned into a f**kn crater! I've been 100% in forever. I had fleeting thoughts of just giving up and getting out, which to me means it feels like a bottom. Monday can't come soon enough. Understand your frustration. This so reminds me of last year then on Jan 24th or so couldn't stop laughing. IMHO this is the last run of the EO to pound it down. A little conspiratorial but there is not much surer with any Co on the market than a Appl blowout come Jan therefore why not drive that pig down as far as it can BEAR because the upside is 100% sure?
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Post by mbeauch on Nov 2, 2012 12:50:57 GMT -8
I still don't see any news reports on the size of Rochdale's AAPL trade. I have looked also, can't find. The drop in AAPL coincides with the S&P flush. The pain has turned me very bitter. I hate to say it but I don't think it is over yet. Its around here somewhere, but my gut tells me we have not had "the" day to reverse. Yesterday was a setup to fake everyone out and this mornings trip to the 50 DMA for the S&P was rejected hard. I am not looking at my accounts and I am so far underwater that Poseidon is wanting to put me to wok. I looked back and the last time we had a sell-off like this was Sept/Oct 2008. Yep, I can see the similarities to then and now. (Insert angry sarcasm face) I already said I give, WTF.
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Post by rutgersguy92 on Nov 2, 2012 12:55:59 GMT -8
Why do you think Zaky has lost it? I'm hoping he's right! An example of some of his tweets: "The App Google Search has just completely stomped Siri big time. Try out Google Search: google.com/mobile/search". "Google Search is what Siri should strive to be". "Once the financial press discovers "Google Search" they will probably shave $300 billion off of Apple's market cap as a rational response" (That last one may have happened this week.) These were tweeted two days ago, and on Saturday he was raving about Microsoft's Surface tablet.
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Post by rutgersguy92 on Nov 2, 2012 13:05:08 GMT -8
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Post by fas550 on Nov 2, 2012 13:09:08 GMT -8
Why do you think Zaky has lost it? I'm hoping he's right! An example of some of his tweets: "The App Google Search has just completely stomped Siri big time. Try out Google Search: google.com/mobile/search". "Google Search is what Siri should strive to be". "Once the financial press discovers "Google Search" they will probably shave $300 billion off of Apple's market cap as a rational response" (That last one may have happened this week.) These were tweeted two days ago, and on Saturday he was raving about Microsoft's Surface tablet. LOL. If he didn't say it, he should have :-). That is so funny at this moment in time when everything seems upside down. Seriously someone has either hacked it or you are onto some other acct that is a parody or something.
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Post by rutgersguy92 on Nov 2, 2012 13:17:55 GMT -8
From my post of a week ago, since it has more meaning now:
"Time for a little compare and contrast, with the April/May event:
April/May: Went from 644 to 522, a total drop of 122, or 18.9%. We got within 40 points or so of the 200-day MA. This went on for six (6) weeks of red candles.
PE= 15.7 (@644) and 12.7 (@522)
Sept/October: Went from 705 to 591 574.75 (for a cup of coffee), a drop so far of 114 130, or 16.2 18.4%. We got within about 6 points of exceeded the 200-day MA by about 13 points. [To match the April/May % drop, we would need a 133 point drop, which means down to 572, but I don't think I can take a drop like that below the "strong support" of the 200 MA, at around 585 currently.] Today is the end of the sixth week of red candles (I was wrong last week, this is the 6th).
PE = 16.57 (@705) and 13.9 13.02 (@574.75); 572 would give PE = 12.95, coming real close to the April/May low."
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Post by magictrackpad on Nov 2, 2012 13:19:37 GMT -8
I messed up once, a while ago, when instead of selling my shares, I ended up buying the same amount that I already owned instead, so I ended up with double the amount of shares that I could afford. Luckily for me, it all ended up being ok, and I was able to sell them, without any loss.
I don't see how somebody could manage to screw up by instead of buying $1,000,000 worth of shares, they ended up with around $600,000,000? That sounds insane. And that was a professional trader?
As for today, I obviously hope that it's the bottom. It's time that AAPL starts it's climb back to the top again.
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Post by mbeauch on Nov 2, 2012 13:20:01 GMT -8
Lovey have you seen these posts from AZ? RG, I am not questioning you, that just does not sound like AZ. Maybe his call of a bottom has caused him to implode. Andy has been an Apple guy forever, I do not think he has changed.
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Deleted
Deleted Member
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Post by Deleted on Nov 2, 2012 13:24:57 GMT -8
Why do you think Zaky has lost it? I'm hoping he's right! An example of some of his tweets: "The App Google Search has just completely stomped Siri big time. Try out Google Search: google.com/mobile/search". "Google Search is what Siri should strive to be". "Once the financial press discovers "Google Search" they will probably shave $300 billion off of Apple's market cap as a rational response" (That last one may have happened this week.) These were tweeted two days ago, and on Saturday he was raving about Microsoft's Surface tablet. I could understand the surface comment as he is probably a big spreadsheet user (the only thing the iPad is crap at), but otherwise he seems a bit off unless its all sarcasm.
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Post by rutgersguy92 on Nov 2, 2012 13:25:55 GMT -8
Lovey have you seen these posts from AZ? RG, I am not questioning you, that just does not sound like AZ. Maybe his call of a bottom has caused him to implode. Andy has been an Apple guy forever, I do not think he has changed. Mark, I'm just going by what I read on his handle, "@bullishcross".
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Post by Xphilos on Nov 2, 2012 13:26:26 GMT -8
If that was the bottom (let's hope), then pre-gratz to everyone who got in under 600. If you can buy within 5 percent of the bottom and sell within 5 percent of the top, you're a champion in my book.
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Post by mbeauch on Nov 2, 2012 13:27:31 GMT -8
I messed up once, a while ago, when instead of selling my shares, I ended up buying the same amount that I already owned instead, so I ended up with double the amount of shares that I could afford. Luckily for me, it all ended up being ok, and I was able to sell them, without any loss. I don't see how somebody could manage to screw up by instead of buying $1,000,000 worth of shares, they ended up with around $600,000,000? That sounds insane. And that was a professional trader? As for today, I obviously hope that it's the bottom. It's time that AAPL starts it's climb back to the top again. A couple of years ago I made a mistake buying some shares in Ford. I intended to buy 1000 shares for $10/sh. Somehow I bought 10,002 shares. let me tell you, I almost pooped my pants when I saw it in my account. To this day I still can't tell you what happened. Ended up with a $2k loss, but I was glad to get the heck out. There is no worse feeling than being in wishing you were out.
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Post by mbeauch on Nov 2, 2012 13:29:04 GMT -8
Mark, I'm just going by what I read on his handle, "@bullishcross". RG, I trust you, it just does not make sense. Are you a subscriber to his site?
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Deleted
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Post by Deleted on Nov 2, 2012 13:32:03 GMT -8
Lovey have you seen these posts from AZ? RG, I am not questioning you, that just does not sound like AZ. Maybe his call of a bottom has caused him to implode. Andy has been an Apple guy forever, I do not think he has changed. How long has Andy Zaky been running his hedge fund for? I can see how going from a independent analyst to someone who is also responsible for tens of millions of dollars of other people's money could possibly lead to some pressure related anxiety. AZ has done a good job recently calling out the Wall Street buffoons, it's a shame the current WTF sale has undermined those efforts.
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Post by rutgersguy92 on Nov 2, 2012 13:38:23 GMT -8
Mark, I'm just going by what I read on his handle, "@bullishcross". RG, I trust you, it just does not make sense. Are you a subscriber to his site? No, I am not.
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Post by lovemyipad on Nov 2, 2012 13:46:58 GMT -8
Core positions:
APR'13 685/705s JUL'13 730/750s JAN'14 700/750s, 800/850s, 900/950s JAN'15 900/950s
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Post by lance on Nov 2, 2012 15:17:17 GMT -8
I am kind of curious what did apple do today to justify it is 3.31% (18billion dollars) smaller than Thursday haha. Ohh wait all they did was release new successful ipads and sell millions of products all over the world. Makes sense.
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Post by Gridlock on Nov 2, 2012 15:20:59 GMT -8
Here is the link to AZ's Twitter feed; I believe anyone can follow his tweets, but only read linked articles at BullishCross via subscription: twitter.com/BullishCrossIt's possible to scroll back in time to older tweets. Here is an AZ tweet from Sept 21: "Apple could be off to $800 by January now. Not an official upgrade, but I think $800 is looking more and more likely." From Sept 24: "It's time to step into positions if you're on the sidelines waiting for a pull-back in Apple. Here are our recommendations. See BC Live." I don't subscribe to his service, but am aware of his very public dust-up with Doug Kass. That hasn't gone so well. An AZ tweet from today, posted around market close: "Look for Apple +20 on Monday or Tuesday. 80% confidence in that." (If you subscribe to his tweets, leave a browser tab open and your computuer speaker on. It will 'tweet' each time he posts.)
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4aapl
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Post by 4aapl on Nov 2, 2012 15:53:21 GMT -8
LOL!
I decided to check my account, just for giggles. On the plus side, my Nov position that is now very far out of the money was pretty small. I've had much bigger losses on much dumber things, so no biggie.
On the negative side, my main account was down over 10% today, and it was the largest dollar figure I ever remember. This is like 2008, but without any of the catalysts!
This isn't pretty
I'm already in big, but I'm ready to up the ante. I'm ready to clear out some other stocks and spread it out into a variety of conservative BC spreads. I'm ready to flush the stock in a ROTH and put it all into conservative bull call spreads, once I move it to a place I can do such things. And I'm ready to up my margin percentage a bit, with a little in BCS, but mostly to buy another good sized chunk of stock.
The account transfer might take a few days, but the rest will be ready come monday, stepping (further) in over the first half of the week.
(Just called the Reno Apple store. They have tons of all the new iPad models, "they sent us a lot of those". They have many of the iPad mini's in black (30 of the 16 gb available), but have sold out of the 16GB and 32GB ("Just now") white versions. He said they didn't have lines most of the day (so lines part of the day). Just some research. Call your local store and see how they are doing)
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