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Post by wraithyouth on Nov 9, 2012 9:53:29 GMT -8
Can anyone with more technical aptitude than I give a guess as to where we might see resistance on the upside, if indeed we're going that way?
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Post by Zeke on Nov 9, 2012 10:00:47 GMT -8
Does this have any bearing on where we are these days? www.bloomberg.com/news/2012-11-08/apple-set-to-pass-libor-as-second-most-popular-note-underlying.htmlDugan reports, “Structured notes tied to Apple promise more appealing returns with Libor close to a 15-month low as the Federal Reserve holds benchmarks rates within a historically low range of zero to 0.25 percent. While this year’s best-selling note linked to the Cupertino, California-based company risks losses if the share price plummets, the annual potential yield is 12 percentage points more than for the largest Libor-tied security.”
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Post by Zeke on Nov 9, 2012 10:03:24 GMT -8
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Post by ccs on Nov 9, 2012 10:06:57 GMT -8
SHOWTIME!
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Post by wheeles on Nov 9, 2012 10:08:32 GMT -8
I read this on another board: Someone picked up 10,000 Feb 600/615 @$3.55 at 10:03am. Quite a bit of money there. Probably Greg.
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Mav
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Post by Mav on Nov 9, 2012 10:12:05 GMT -8
Oh wow. As if ON CUE - Obama's remarks to keep the status quo from prior negotiations (the same starting point) knocked down AAPL some.
So far, I'm hearing the same stuff as I used to hear. And so is the market, for the moment.
Let's call a spade and spade. This is tough negotiation, Part 2 carrying straight on over late last year. Result: WS thinks we're looking at MOAR GRIDLOCK.
Now, how will the market weather this?
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Post by rickag on Nov 9, 2012 10:12:21 GMT -8
Wall Street doesn't seem to like the speech so far.
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4aapl
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Post by 4aapl on Nov 9, 2012 10:13:38 GMT -8
I read this on another board: Someone picked up 10,000 Feb 600/615 @$3.55 at 10:03am. Quite a bit of money there. Probably Greg. Go big or go home! Looks like someone also bought 1000 Feb 600/650's, and 1000 Feb 600/700's. That starts to add up a bit, but sure is juicy if it works out!
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Mav
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Post by Mav on Nov 9, 2012 10:16:10 GMT -8
Hope AAPL holds 550. That's a trigger point for me to nibble just a little. AAPL having dropped as far as it did is lending us a floor.
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Post by tourist on Nov 9, 2012 10:19:30 GMT -8
Not yet at least. I think it all depends on how MSFT approaches it. They aren't likely to be a real competitor on their own, but if they're willing to partner (including big $$$, marketing, etc) with others, and if they are willing to "stay the course", it is entirely possible that they could become a real competitor in this market. People I trust have told me that their new OS is quite nice and could be very attractive to customers. However, I think it's a greater threat to Android than to iOS, though definitely a threat to both with regards to market share. Given the most recent history (like 5 years) MSFT have not shown me nor anyone else I think the ability to innovate (like be ahead of a curve) nor execute well on any of their business units EXCEPT for the Xbox. Remember, they designed the Xbox using Macs ;D
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Mav
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Post by Mav on Nov 9, 2012 10:25:07 GMT -8
Is that a talking chicken wing I see? (/AFB1 in-joke)
Far as AAPL, hopefully 550 is back in play later today.
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Post by rickag on Nov 9, 2012 10:27:25 GMT -8
Hope AAPL holds 550. That's a trigger point for me to nibble just a little. AAPL having dropped as far as it did is lending us a floor. Why $550?
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Mav
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Post by Mav on Nov 9, 2012 10:29:58 GMT -8
It's a little more than half of yesterday's losses. Shows some commitment to stability or even a bounce.
Markets loves round numbers, too.
It's only a reference point. 550 doesn't have any other real significance because it sure as heck wasn't support Thursday.
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Mav
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Post by Mav on Nov 9, 2012 10:30:35 GMT -8
Buh. 550 is resistance again. :/
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Post by rickag on Nov 9, 2012 10:30:49 GMT -8
Mav thanks
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Post by rickag on Nov 9, 2012 10:33:04 GMT -8
I guess we'll see if Apple fundamentals and oversold situation trumps rhetoric. (not a political statement as all politicians are full of rhetoric no matter what party.)
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Mav
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Post by Mav on Nov 9, 2012 10:34:50 GMT -8
I should add that Redler got me thinking this way, but it does make practical, non-technical sounding sense if you think about it.
Here's a weird analogy I just thought up! Think of price levels as glass floors, and downward stock trajectory as being the arc of a ball. I'd prefer dodgeballs to wrecking balls against that glass floor for reasons of physics and not shattering the floor, if you get my drift.
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Post by lance on Nov 9, 2012 10:40:53 GMT -8
IMHO apple is not out of the woods till it closes above the 200 day moving average. Otherwise monster 4% dips still could easily occur. AAPL is still more than 40 dollars away from that so 2% up to me is weak rebound after what has happened to the stock in 3 days and suspectible to more heavy dips.
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Post by ibuyer on Nov 9, 2012 10:41:45 GMT -8
Asymco chart on unaddressed iPhone markets... Very interesting. Quite a few are poorer and more pre-paid. twitpic.com/bbrqcg
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Mav
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Post by Mav on Nov 9, 2012 10:43:30 GMT -8
For NOW - this being intraday I'm allowed to give instaneous market reads - hooray for gridlock. (/sarcasm)
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Post by tuffett on Nov 9, 2012 10:48:03 GMT -8
How ironic - the talks regarding the fiscal cliff have made the market action look like a cliff today.
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Post by rutgersguy92 on Nov 9, 2012 11:04:41 GMT -8
Does this have any bearing on where we are these days? www.bloomberg.com/news/2012-11-08/apple-set-to-pass-libor-as-second-most-popular-note-underlying.htmlDugan reports, “Structured notes tied to Apple promise more appealing returns with Libor close to a 15-month low as the Federal Reserve holds benchmarks rates within a historically low range of zero to 0.25 percent. While this year’s best-selling note linked to the Cupertino, California-based company risks losses if the share price plummets, the annual potential yield is 12 percentage points more than for the largest Libor-tied security.” I liked this part: "JPMorgan Chase & Co. (JPM) issued on Aug. 30 the most popular note tied to Apple, $65.5 million of one-year auto-callables. The note pays 13.56 percent a year as long as the share price doesn’t fall below 80 percent of its initial value, with all capital at risk, according to a prospectus filed with the Securities and Exchange Commission. The bank will automatically redeem the security on any quarterly date when the stock price is above that starting level." Interesting coincidence, that the stock is now about 80% below its value.
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Mav
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Post by Mav on Nov 9, 2012 11:06:40 GMT -8
Bettin' on RED on AMZN today...c'mon...if I win, I can treat myself to Taco Bell next week! (/dark humor)
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Post by Mav on Nov 9, 2012 11:07:56 GMT -8
That's a tricky financial instrument there, isn't it.
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Post by fas550 on Nov 9, 2012 11:08:08 GMT -8
Apple basically mimicked broader market after the POTUS speech in direction and volume decline. I think we are okay for now. On another note got a look at an iPad mini yesterday and not sure how many feel this way: I for one love it but find it harder to read as my eyesight is failing a bit for reading and the larger iPad works better for me. It's going to be a massive hit though and definitely on the top of many Christmas lists. It just feels right: neat little package that is a great companion to easily carry around. The store also had about half of the iPhone 5 models available (at 4pm) and caught about 6 purchases in 10 minutes. Blue shirt said availability is now much better than last week at this time. I heard two people say they came to the store as suggested by their carriers as they were out.
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Post by lance on Nov 9, 2012 11:08:58 GMT -8
UP or DOWN next week? haha 8 straight weeks of downs is it possible all while selling and making more money than they ever have most likely at least a 1billion a week? If you put into perspective apple in the last 7 weeks has made more than 7 billion in free cash flow = loss of 145billion in market cap. Well I guess Wall street wants apple to go private that is my only guess, because at this pace it won't take too long.
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Post by aapl4kiki on Nov 9, 2012 11:17:38 GMT -8
Apple basically mimicked broader market after the POTUS speech in direction and volume decline. I think we are okay for now. On another note got a look at an iPad mini yesterday and not sure how many feel this way: I for one love it but find it harder to read as my eyesight is failing a bit for reading and the larger iPad works better for me. It's going to be a massive hit though and definitely on the top of many Christmas lists. It just feels right: neat little package that is a great companion to easily carry around. The store also had about half of the iPhone 5 models available (at 4pm) and caught about 6 purchases in 10 minutes. Blue shirt said availability is now much better than last week at this time. I heard two people say they came to the store as suggested by their carriers as they were out. Agreed on the mini. It's going to be huge this holiday quarter but the screen is a big negative for me. It's noticeably inferior to the retinas on the iPad and iPhone for reading and web surfing. Going to hold out for the a retina on the next upgrade.
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Post by larrydoyle on Nov 9, 2012 11:23:03 GMT -8
You won't see retina on the iPad mini any time soon. It's not a cost issue; it's a design/tech issue.
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Post by wraithyouth on Nov 9, 2012 11:36:25 GMT -8
You won't see retina on the iPad mini any time soon. It's not a cost issue; it's a design issue. Exactly right - the iPad Mini has the same screen resolution as an iPad 1 or 2, which enables developers to support it without much if any additional work. Giving it a retina display would require adding a third resolution to the iPad lineup, and that would have a lot of downsides in terms of out of the box software compatibility, developer relations, etc. My money says we won't see retina on the iPad Mini until the tech is good (and affordable from a component perspective) enough to give the Mini a screen that has the same pixel dimensions (but smaller physical dimensions, so a HIGHER pixel density) as the Retina iPads. (Not that you'd be able to tell under normal use, because retina, but because then developers, instead of having to develop for three iPad resolutions, can move towards developing for just one...) Shorter: You won't see a Retina iPad Mini in the near future for the same reason that the Retina iPads have exactly twice the pixel dimensions of their non-retina counterparts. It's all about what's best for the development ecosystem.
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Post by aapl4kiki on Nov 9, 2012 11:37:06 GMT -8
You won't see retina on the iPad mini any time soon. It's not a cost issue; it's a design/tech issue. with all due respect, hope you're wrong. i want one but not in its current iteration.
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