|
Post by bernard on Nov 7, 2012 9:25:00 GMT -8
Historical factoid:
When we hit 556 it gave us a trailing PE of 12.59. This just dipped below the lowest PE for the last few years of 12.66 on 1/26/2012, the Friday after the 1Q blowout earnings. Apparently, this caught the attention of someone as 250K shares traded that minute reversing the downward course of the stock.
Note to program algorithms: Bore in on 15 PE.
|
|
|
Post by appledoc on Nov 7, 2012 9:25:33 GMT -8
I'm hoping people are about to realize that the train is going to leave without them soon There's always plenty of time to catch the train. Don't worry about catching the very bottom. That's how people have gotten burned over the last 100 points or so.
|
|
|
Post by jdrizzo89 on Nov 7, 2012 9:25:56 GMT -8
This is all puerto Ricos fault...
but seriously the pain needs to end
|
|
|
Post by mbeauch on Nov 7, 2012 9:28:05 GMT -8
The EU markets were not down this much. (% wise)
|
|
|
Post by appledoc on Nov 7, 2012 9:28:25 GMT -8
Historical factoid: When we hit 556 it gave us a trailing PE of 12.59. This just dipped below the lowest PE for the last few years of 12.66 on 1/26/2012, the Friday after the 1Q blowout earnings. Apparently, this caught the attention of someone as 250K shares traded that minute reversing the downward course of the stock. Note to program algorithms: Bore in on 15 PE. Using non-dividend adjusted numbers, that low P/E in January was 12.62. Your point remains valid.
|
|
|
Post by Rupert on Nov 7, 2012 9:32:30 GMT -8
Jason panicked out, 100% cash. wow. Just checked my email and I have no email from Jason's Economic Timing Report today. Last position from the 5th was 40% Jan 700 and 60% cash. After today I'm moving to Colorado!!!
|
|
|
Post by appledoc on Nov 7, 2012 9:33:49 GMT -8
Waiting for my bid on Jan 14s to get filled.
|
|
|
Post by wraithyouth on Nov 7, 2012 9:39:41 GMT -8
Is there a legal (or tax) reason preventing AAPL from making a strategic decision to buy back a large (say, $10-20 billion) quantity of shares in the near term? Otherwise, I have to think that that would be fairly tempting for them right now...
|
|
|
Post by greedynoob on Nov 7, 2012 9:44:08 GMT -8
I'm hoping people are about to realize that the train is going to leave without them soon It's hard to catch the train when it already ran over you, and your arms and legs are strewn around the tracks. Sigh.
|
|
|
Post by greedynoob on Nov 7, 2012 9:45:00 GMT -8
Jason panicked out, 100% cash. wow. Just checked my email and I have no email from Jason's Economic Timing Report today. Last position from the 5th was 40% Jan 700 and 60% cash. After today I'm moving to Colorado!!! He sent one out this AM, moved to all cash, looking to buy back in when things start turning up a bit.
|
|
|
Post by blofeld on Nov 7, 2012 9:49:21 GMT -8
Didn't think we would trade down here in the drink again... where exactly are Andy Zaky and the other AAPL-$1,000 cheerleaders, who called a bottom ~ $620?
|
|
|
Post by tradermac on Nov 7, 2012 9:49:22 GMT -8
Just checked my email and I have no email from Jason's Economic Timing Report today. Last position from the 5th was 40% Jan 700 and 60% cash. After today I'm moving to Colorado!!! He sent one out this AM, moved to all cash, looking to buy back in when things start turning up a bit. I was really shocked by that. Considering he is the one who's supposed to tell his subs to keep calm and sell near the top, not the bottom. If this isn't true capitulation, I don't know what is.
|
|
|
Post by rutgersguy92 on Nov 7, 2012 9:52:34 GMT -8
Jason panicked out, 100% cash. wow. And he sold another big chunk when it was 685. When we hit 705, he went all cash, and was looking like the smart one on the ride down. At 660 or so, he got faked out, and went long again, which he rode down. Both he and AZ showing they're human. Or maybe the EO's have changed the patterns.
|
|
|
Post by mbeauch on Nov 7, 2012 9:52:37 GMT -8
He sent one out this AM, moved to all cash, looking to buy back in when things start turning up a bit. I was really shocked by that. Considering he is the one who's supposed to tell his subs to keep calm and sell near the top, not the bottom. If this isn't true capitulation, I don't know what is. It is all in the candle. Which means the wick has to be much longer than the body. I do not see capitulation, I see 2008 all over again.
|
|
|
Post by appledoc on Nov 7, 2012 9:56:05 GMT -8
This is not 2008. Not even close. And considering the futures were flat before the Europe crap started, this isn't election related.
|
|
|
Post by rickag on Nov 7, 2012 9:56:46 GMT -8
I'm pretty much out of bullets.
Had what I thought was a stink bid of $6.15 to buy back the 660 short leg of a Jan 13 655/660. Got away from my desk just before it filled, only to watch the mark fall down to below $5.00. Along with the other 660 short leg I bought @ $8.85 I need AAPL to get back to $584 to break even on the 2 $655 calls I created and AAPL to get back to $612 to get back my total investment from the original 5 Jan 13 655/660 BCSs I had, if I dare wait that long.(I must remember greed is an awful thing)
Another bid for 2 Apr 13 635/640 BCSs @ $1.26 filled, lowered the overall cost basis for the 12 total BCSs about $0.10 to about $1.91.
Now I must just wait and watch for the inevitable bounce. At least I hope it is inevitable.
|
|
|
Post by rutgersguy92 on Nov 7, 2012 9:58:00 GMT -8
I was really shocked by that. Considering he is the one who's supposed to tell his subs to keep calm and sell near the top, not the bottom. If this isn't true capitulation, I don't know what is. It is all in the candle. Which means the wick has to be much longer than the body. I do not see capitulation, I see 2008 all over again. Yeah, Mark, please, we don't need that. We are much stronger than 2008. Today may have felt like a 2008 day, but you need about 25 of these to become 2008. Keep the faith. We'll be okay.
|
|
|
Post by rutgersguy92 on Nov 7, 2012 10:00:57 GMT -8
Strap yourselves in, fellows. We're going down for another dip. 558.5.
|
|
|
Post by mbeauch on Nov 7, 2012 10:03:15 GMT -8
Kind of hard to keep the faith after watching AAPL drop $150. There was a lot of talk about faith back then also.
Hint, if Jason is scared, so am I. If you look at the S&P STO, it is in overbought levels right now, down 32 points, if that does not cause fear I don't know what will. . I am scared, fear is warranted.
|
|
|
Post by frqntflr on Nov 7, 2012 10:04:04 GMT -8
|
|
|
Post by bernard on Nov 7, 2012 10:11:36 GMT -8
Dow's rally stopped the bleding but still lacking significant upward momentum.
|
|
|
Post by jdrizzo89 on Nov 7, 2012 10:11:40 GMT -8
|
|
|
Post by bernard on Nov 7, 2012 10:13:05 GMT -8
C'mon you pig get to 567.
(Never thought I would have to write that)
|
|
|
Post by johng on Nov 7, 2012 10:15:33 GMT -8
Historical factoid: When we hit 556 it gave us a trailing PE of 12.59. This just dipped below the lowest PE for the last few years of 12.66 on 1/26/2012, the Friday after the 1Q blowout earnings. Apparently, this caught the attention of someone as 250K shares traded that minute reversing the downward course of the stock. Note to program algorithms: Bore in on 15 PE. I'm seeing a PE low of 11.66 in Jan of 2012 on my Schwab chart. Good luck everyone, we need it! JohnG
|
|
|
Post by bernard on Nov 7, 2012 10:17:11 GMT -8
Historical factoid: When we hit 556 it gave us a trailing PE of 12.59. This just dipped below the lowest PE for the last few years of 12.66 on 1/26/2012, the Friday after the 1Q blowout earnings. Apparently, this caught the attention of someone as 250K shares traded that minute reversing the downward course of the stock. Note to program algorithms: Bore in on 15 PE. I'm seeing a PE low of 11.66 in Jan of 2012 on my Schwab chart. Good luck everyone, we need it! JohnG Without looking I would wager it is wrong. PE never dropped below 12 this year.
|
|
|
Post by appledoc on Nov 7, 2012 10:19:25 GMT -8
This board is becoming difficult to read. Some of you need to get a grip on things.
|
|
|
Post by appledoc on Nov 7, 2012 10:20:07 GMT -8
I'm seeing a PE low of 11.66 in Jan of 2012 on my Schwab chart. Good luck everyone, we need it! JohnG Without looking I would wager it is wrong. PE never dropped below 12 this year. It is. P/E was 12.62 at the January lows. It was 12.73 at the May lows.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 7, 2012 10:23:14 GMT -8
The question would be what volume Apple can buy? Are they buying or are they waiting for better prices? The board authorized them only to purchase enough shares to cover employee option grants. Do not expect any support from their repurchase program. Correct. The point of the buy back is to reduce dilution caused by employee grants.
|
|
|
Post by bernard on Nov 7, 2012 10:23:31 GMT -8
Without looking I would wager it is wrong. PE never dropped below 12 this year. It is. P/E was 12.62 at the January lows. It was 12.73 at the May lows. As a followup then if we do not find support at 557 which APPROXIMATELY coincides with the Jan low PE, we are in deep DO-DO.
|
|
|
Post by Red Shirted Ensign on Nov 7, 2012 10:24:18 GMT -8
This board is becoming difficult to read. Some of you need to get a grip on things. + 1.
|
|