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Post by rutgersguy92 on Nov 6, 2012 9:40:08 GMT -8
I with with JD on this, regarding ML. I did like Erin Burnett, and thought she and Mark Haynes were great together; her political coverage on her CNN show is annoying, however. Also like Trish Reagan on Bloomburg; I stop the channel for her.
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Post by rutgersguy92 on Nov 6, 2012 9:42:55 GMT -8
think we have been through this...but is TODAY the last day to buy shares to get the dividend, or would it be tomorrow (wednesday). Trying to convince my gram to buy her 50 shares back that she magically sold at 700 Where do I sign up for her newsletter? I hear you, Chas. I was hedged fine until about 660, and then something happened. Hedged small on and off the rest of the way down. Account is hurting, and we need AAPL to run.
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Post by rob_london on Nov 6, 2012 9:49:12 GMT -8
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Post by aapl4kiki on Nov 6, 2012 9:52:53 GMT -8
A bit long in the face for my liking.... Jay Yarrow? funny guy!
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Post by appledoc on Nov 6, 2012 9:59:28 GMT -8
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Nov 6, 2012 10:08:16 GMT -8
Bought some shares at 585.01
Time to go options fishing. Oct 590-620 or Jan 590-640. Tomorrow, maybe Apr 580-600 and Jul 580-610. All conservative with low breakeven points, but nice returns.
Looking at my current holdings, for those looking for a little risk you can buy Dec 605-615's for 3.4 or less. That would be a 200% potential. I'm not buying more, but holding the ones I already have, which are in the red.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Nov 6, 2012 10:57:01 GMT -8
Went with Oct 570-590's instead, for 9.5. Not very bullish, but you really don't have to be with potential returns over 100%, and that "you make money even if the stock doesn't move an inch" always gives a level of confidence.
But I'll look again tomorrow, maybe for something a bit more bullish. My non-AAPL stocks are looking like they might be next on the chopping block, to give more funds for options without going deeper into the margin hole.
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Post by jdubuc on Nov 6, 2012 11:20:14 GMT -8
4aapl, October... 2013s?
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Post by miguelfoogo on Nov 6, 2012 11:32:07 GMT -8
Instead of october...? edit: yeah i understand that
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Post by jdubuc on Nov 6, 2012 11:39:35 GMT -8
Heh, sorry perhaps obvious, but the chronology of the spreads he was mentioning was confusing me -- Oct, Jan, Apr July. Presumably those were Oct 2013, Jan... 2013 or 2014?? Apr 2013, Jul 2013? Also his price on the Oct 2013 seemed higher than I was seeing from my platform, so I thought perhaps he meant Nov 2012 or something.
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Post by lance on Nov 6, 2012 11:43:25 GMT -8
In the PED India article it mentions Apple not being able to open stores in India and selling the phone through other companies. Is apple planning with its 30+ store expansion this year to get some stores in India or due to regulation will they be prevented from opening stores there? Also those lines were enormous very impressive. Hopefully India will provide continued growth for Apple in the future.
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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 6, 2012 11:48:18 GMT -8
(...) OK, just wanted to duck in quickly and spread some sweetness and light. My work is done here. Agreed. Business Insider is crap.
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Post by jdubuc on Nov 6, 2012 11:51:42 GMT -8
(...) OK, just wanted to duck in quickly and spread some sweetness and light. My work is done here. Agreed. Business Insider is crap. All of the sketchiest, bottom-feeders in "journalism" are unfortunately drawn toward Apple because it's the simplest way to generate thousands of ad impressions for your "clickbait" article. They don't need to know how to write, or even form a coherent thought, but they can post something controversial or sensationalist about Apple and people will eat it up. Not much to be done about it.
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Deleted
Deleted Member
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Post by Deleted on Nov 6, 2012 11:54:12 GMT -8
About 5 minutes ago CNBC previewed an upcoming story about AAPL being in bear market territory - stock starts to tank immediately.
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Post by fas550 on Nov 6, 2012 12:13:45 GMT -8
Disappointed! In today's action. This is just annoying. Any thoughts on what the EO are doing or what else is going on. GOOG is down less and that PoS AMZN is up. Volume is way down on all 3 so perhaps that explains some of it but it is more favorable to the other 2. This is just utter BS. I am beginning to veer to the its too widely held so it can't go up much theory. Not looking for a fight or to be flamed just a plausible explanation.
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Post by appledoc on Nov 6, 2012 12:17:05 GMT -8
Here's a look at our last break of the 200 day moving averages:
6/15/11: break SMA but reclaim 6/16: break SMA, break EMA, close between EMA and SMA 6/17: break EMA, close between EMA and SMA 6/20: trade below EMA the entire day (hammer formed) 6/21: open below EMA, close between EMA and SMA 6/22: rise above SMA but don't hold, close between EMA and SMA 6/23: open below EMA, close above SMA 6/24: open above SMA, close between EMA and SMA 6/27: open around SMA, close above SMA and we start to take off
It took five trading days after the definitive break to close above the SMA, and seven days to truly reclaim it. The hammer formed two trading days after the break.
Today is day two following our definitive break on Friday.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Nov 6, 2012 12:18:10 GMT -8
Heh, sorry perhaps obvious, but the chronology of the spreads he was mentioning was confusing me -- Oct, Jan, Apr July. Presumably those were Oct 2013, Jan... 2013 or 2014?? Apr 2013, Jul 2013? Also his price on the Oct 2013 seemed higher than I was seeing from my platform, so I thought perhaps he meant Nov 2012 or something. I can see why the order would be confusing. Basically I was looking at quarterlies for the next year after this coming January. I made targets for each, but decided that the first 2 would be better to hold off on until at least tomorrow. Basically spreads with shorter timeframes are affected more by short term movements, so if I was holding off on some it makes sense to do so on the ones with expirations that are sooner. Plus they inherently have more risk, since there is less timeframe for a recovery if there is an unexpected dip. Back to the Oct '13 570-590 BCS that I bought for 9.5 (the bid/ask spread was more than $2, so that might have been what confused you), I did so when the stock was in the mid 584's. Generally for a spread that spans the current price, you'd expect to pay half of the potential if it's evenly balanced over the current price. Getting this $20 spread for less than $10 is not usual IMO, but I did try to get it at $9 and 9.4 first to no avail, and my order at 9.5 didn't fill instantly...so I'd say at that moment in time, I got it for as good of a price as possible. BTW, I placed a total of 6 or so orders between Oct and Jan '14, all with fairly large bid/ask spreads. None of the others went through, even though I was placing them slightly above the midpoint of the bid/ask spread. Sometimes those bid/ask spreads widen and get more firm around events, and it seemed like that was what was happening. I'm happy with my purchase, and in the long run it should turn out well. But I have a worry that the stock could drop a bit more later this week, and so went more conservative and also bought a lower number of spreads than I was initially planning. That personal worry wall just has too much on it at the moment, even though the stock should be very near it's low right now and I feel it's likely it has already bottomed.
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Post by appledoc on Nov 6, 2012 12:18:43 GMT -8
Disappointed! In today's action. This is just annoying. Any thoughts on what the EO are doing or what else is going on. GOOG is down less and that PoS AMZN is up. Volume is way down on all 3 so perhaps that explains some of it but it is more favorable to the other 2. This is just utter BS. I am beginning to veer to the its too widely held so it can't go up much theory. Not looking for a fight or to be flamed just a plausible explanation. We've broken the SMA and EMA200. We need to reclaim it before any upside conviction can begin. This is not surprising. And ~$120B ago we were not too widely held, so we are surely not too widely held now.
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Post by fas550 on Nov 6, 2012 12:29:31 GMT -8
Disappointed! In today's action. This is just annoying. Any thoughts on what the EO are doing or what else is going on. GOOG is down less and that PoS AMZN is up. Volume is way down on all 3 so perhaps that explains some of it but it is more favorable to the other 2. This is just utter BS. I am beginning to veer to the its too widely held so it can't go up much theory. Not looking for a fight or to be flamed just a plausible explanation. We've broken the SMA and EMA200. We need to reclaim it before any upside conviction can begin. This is not surprising. And ~$120B ago we were not too widely held, so we are surely not too widely held now. Saw your post before this on how long we stayed in this purgatory in the past... That and this makes sense. So basically we may have to put up with this sideways crap till next Tue or Wed say barring any macro event. On another note the positive news about India: does anyone know if this is the first time the iPhone has legally been sold there? Truly after TC comments a few conf calls ago I had just about given up on that market. I was surprise to hear about it being sold there.
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Post by wheeles on Nov 6, 2012 12:29:41 GMT -8
At what point do those running the HFT machines say: "stop selling as we don't want to pay the dividend"?
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Post by appledoc on Nov 6, 2012 12:37:14 GMT -8
I have a feeling we're getting set up for a test of...
574.08: P/E = 13 575.44: P/C = 4.5 569.48: ex cash = 10
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Post by Plato on Nov 6, 2012 12:38:44 GMT -8
This stock is surely and simply the biggest POS I have ever seen. I sold everything and might buy my LEAPS back when we see the 400s. Good luck everyone!
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Post by terps530 on Nov 6, 2012 12:42:16 GMT -8
why not at this point...
sure is exhausting always trading in its own market. down a lot when S&P down, down when S&P up, blah.
guess it happens when we are rallying too
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Deleted
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Post by Deleted on Nov 6, 2012 12:50:14 GMT -8
This stock is surely and simply the biggest POS I have ever seen. I sold everything and might buy my LEAPS back when we see the 400s. Good luck everyone! Wait...are you serious?
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Post by nate010203 on Nov 6, 2012 12:50:59 GMT -8
This stock is surely and simply the biggest POS I have ever seen. I sold everything and might buy my LEAPS back when we see the 400s. Good luck everyone! I tend to agree although I wish apple wasnt a piece of crap at the moment. I along with plenty others are long and stuck in the stock.
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Post by appledoc on Nov 6, 2012 12:53:22 GMT -8
Strong close above EMA200 (582.34) would be good.
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Post by lovemyipad on Nov 6, 2012 13:00:36 GMT -8
Strong close above EMA200 (582.34) would be good. Would you settle for a tepid one?
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Post by nate010203 on Nov 6, 2012 13:01:54 GMT -8
Strong close above EMA200 (582.34) would be good. 582.84 I just dont get it... they constantly beat apple down. Tomorrow ex dividend date
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Post by Plato on Nov 6, 2012 13:03:07 GMT -8
This stock is surely and simply the biggest POS I have ever seen. I sold everything and might buy my LEAPS back when we see the 400s. Good luck everyone! Wait...are you serious? Yes I am. Sold my 2013 and 2014 LEAPS. I am sure I can buy them back by the end of the year much, much cheaper. May be I am wrong and the stock doesn't go down much further, but we broke some serious technical support levels and I don't see any catalysts to give this stock a boost.
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Post by doublerainbow on Nov 6, 2012 13:03:18 GMT -8
it's interesting that around the same time last year from ATH to trough (Oct 14 high of $422.00 to Nov 25 low of $363.57) it took 42 days before the pain finally ended. This time around, from Sept 21 ATH of $700.71 to Nov 2 low of $576.80 it is also 42 days. Closing only, not intraday. Hopefully this is the end (fingers crossed)!
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