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Post by madmaxroi on Nov 16, 2012 7:50:38 GMT -8
I have some bullets left, but prefer to wait for signs of a verified recovery. I have never sold at the top nor have I ever bought at the bottom.
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Post by darrenhd on Nov 16, 2012 7:51:52 GMT -8
Oh well, another 65 days like today, give or take, we will be at zero. At least at that point I will be able to afford to take AAPL private. At the current rate it could be by the end of today. Seriously this is total crap everyone is selling...
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Post by wheeles on Nov 16, 2012 7:52:27 GMT -8
Seriously, if the market can piss away the dividend (and then some), why have it? I'd rather the company kept the cash safe. I agree. It can more than piss away the dividend in 10 minutes of trading. I'd rather not have it as it makes my tax return more complicated. In fact the last time it was issued I deliberately sold my position so I wouldn't get it.
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Post by artman1033 on Nov 16, 2012 7:52:33 GMT -8
I believe the world changed on November 8th.
Can some one PLEASE give me some reasons why the big boys not us puny retail folks will invest in AAPL in the next 60 days?
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Post by adamthompson32 on Nov 16, 2012 7:53:41 GMT -8
Hang in there folks. The light is starting to show at the end of the tunnel. Nice strong volume today. I suspect if we close red we will top buying on weakness. Will buy more shares next week with my dividend. Will get a margin call at 510. Never thought we would get here, but here we are. Still very bullish about Apple and the company has never been stronger. We will all be much happier come end of April. I can't stress this enough, "buying on weakness" is meaningless if the stock goes down. Similarly, "selling on strength" means nothing if the stock goes up. I have no clue why anyone cites this "information"?
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Deleted
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Post by Deleted on Nov 16, 2012 7:53:45 GMT -8
The other thought I had was some selling stops on December 1 among those wishing to avoid the wash sale rules and recognize losses in 2012 -- provided they stay out of AAPL for the balance of the year.
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Post by The Big Toe on Nov 16, 2012 7:53:45 GMT -8
I also wonder, who are all these people selling? I see all these long red lines on the chart. And why didn't they sell before when the price was much higher? AAPL seems to never run out of sellers. The only thing that makes sense are forced liquidations (e.g. margin calls, etc.). Throw in some panic for good measure. Could be something like the greater fool theory for shorts.
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Post by mbeauch on Nov 16, 2012 7:53:52 GMT -8
By the same logic, the cash hoard is also a waste since the market doesn't respect the value of it at all. No guarantee that a buyback won't be offset by additional P/E compression. Bottom line - there's no magic potion for this stock. It will turn when the market deems it worthy. We all know it is, but we don't make the market. Agree the market has always viewed the cash as a liability. One thing a buyback does for certain, it raises the EPS. Yes there can be compression, but earnings matter more than anything. If Apple had 50 EPS now instead of 44 we would be at 600 with our pitiful P/E. Considering I had planned on Apple being at 50 by the end of October my plan has blown up. The market is punishing AAPL because it knows that anything added in Q1 will be small. The Apple double standard. We are being penalized for the extra week. I knew in Jan that this would come back to haunt us. It has.
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Post by wheeles on Nov 16, 2012 7:55:06 GMT -8
I have some bullets left, but prefer to wait for signs of a verified recovery. I have never sold at the top nor have I ever bought at the bottom. And that is the right way to approach things. You can only pick a top or bottom and get it right once, but you can get it wrong an infinite number of times.
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Post by sponge on Nov 16, 2012 7:56:26 GMT -8
Hang in there folks. The light is starting to show at the end of the tunnel. Nice strong volume today. I suspect if we close red we will top buying on weakness. Will buy more shares next week with my dividend. Will get a margin call at 510. Never thought we would get here, but here we are. Still very bullish about Apple and the company has never been stronger. We will all be much happier come end of April. I can't stress this enough, "buying on weakness" is meaningless if the stock goes down. Similarly, "selling on strength" means nothing if the stock goes up. I have no clue why anyone cites this "information"? Why are you here? Did you not get banned? How many new names will they let you come back with? Back to your cave.
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Post by mbeauch on Nov 16, 2012 7:56:29 GMT -8
I have some bullets left, but prefer to wait for signs of a verified recovery. I have never sold at the top nor have I ever bought at the bottom. I wish you would just put me out of my misery then.
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Post by Deleted on Nov 16, 2012 7:57:45 GMT -8
By the same logic, the cash hoard is also a waste since the market doesn't respect the value of it at all. No guarantee that a buyback won't be offset by additional P/E compression. Bottom line - there's no magic potion for this stock. It will turn when the market deems it worthy. We all know it is, but we don't make the market. Agree the market has always viewed the cash as a liability. One thing a buyback does for certain, it raises the EPS. Yes there can be compression, but earnings matter more than anything. If Apple had 50 EPS now instead of 44 we would be at 600 with our pitiful P/E. Considering I had planned on Apple being at 50 by the end of October my plan has blown up. The market is punishing AAPL because it knows that anything added in Q1 will be small. The Apple double standard. We are being penalized for the extra week. I knew in Jan that this would come back to haunt us. It has. Your thinking presumes a rational market. If it were, we wouldn't be talking about it, no? Then again, CNBC would never catch the distinction if it WERE meaningful in a rational market.
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Post by doublerainbow on Nov 16, 2012 7:59:46 GMT -8
The other thought I had was some selling stops on December 1 among those wishing to avoid the wash sale rules and recognize losses in 2012 -- provided they stay out of AAPL for the balance of the year. I thought November 30 was the last day to do this? I'm currently doing this but trying to repurchase before the year is over so sold some shares yesterday at 530...
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Deleted
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Post by Deleted on Nov 16, 2012 8:03:20 GMT -8
The other thought I had was some selling stops on December 1 among those wishing to avoid the wash sale rules and recognize losses in 2012 -- provided they stay out of AAPL for the balance of the year. I thought November 30 was the last day to do this? I'm currently doing this but trying to repurchase before the year is over so sold some shares yesterday at 530... It is. November 30 last day. Selliing stops on Dec. 1.
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Post by doublerainbow on Nov 16, 2012 8:05:16 GMT -8
I thought November 30 was the last day to do this? I'm currently doing this but trying to repurchase before the year is over so sold some shares yesterday at 530... It is. November 30 last day. Selliing stops on Dec. 1. Gotcha. Thanks!
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Post by madmaxroi on Nov 16, 2012 8:05:35 GMT -8
The other thought I had was some selling stops on December 1 among those wishing to avoid the wash sale rules and recognize losses in 2012 -- provided they stay out of AAPL for the balance of the year. Assuming they want to re-enter at the beginning of January. Otherwise, all the way to Dec 31.
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Post by flyonthewall on Nov 16, 2012 8:06:24 GMT -8
Used my div payment to buy more of our favorite fruit company. Last of my "dry" powder, after I dried the tears off of my keyboard.
LOL!
I still believe. I have been buying since on the downward trajectory since the med-600s. Wish I had more.
Being a long is all I can take. I admire the fortitude of those of you able to deal with puts, calls, bull spreads, etc.
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Post by madmaxroi on Nov 16, 2012 8:06:29 GMT -8
I guess I picked the wrong week to stop sniffing glue.
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Post by Deleted on Nov 16, 2012 8:08:21 GMT -8
I would like to know who whispered into Jim "Don't trade Apple" Cramer's ear when he sold in the 530s. This sounds like more chicanery who is on video copping to it. In hindsight, it should have been ominous he would sell half his position at this P/E multiple.
One of his Wall Street cronies no doubt whispered two words to him: "Sling Shot"
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Post by madmaxroi on Nov 16, 2012 8:10:25 GMT -8
Thinking about selling blood to make ends meet. Any takers?
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Post by madmaxroi on Nov 16, 2012 8:13:44 GMT -8
Next stop 11 PE? $485.65.
Hope not.
Pepsi - Cola 7-up - Un-Cola
AAPL - Stock AMZN -Un-Stock
I think I picked the wrong week to stop snorting cocaine.
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Post by Deleted on Nov 16, 2012 8:14:18 GMT -8
Thinking about selling blood to make ends meet. Any takers? Have you emailed Lance Armstrong?
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mark
fire starter
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Post by mark on Nov 16, 2012 8:14:36 GMT -8
The other thought I had was some selling stops on December 1 among those wishing to avoid the wash sale rules and recognize losses in 2012 -- provided they stay out of AAPL for the balance of the year. I thought November 30 was the last day to do this? I'm currently doing this but trying to repurchase before the year is over so sold some shares yesterday at 530... As far as I am aware, there is no benefit to buying before the year is over (except perhaps a fund that wants to report owning Apple on 31-Dec). So, the real date to look out for is December 21'st, or 30 days before earnings are reported, allowing someone to purchase stock before earnings without running afoul of the wash-sale rules.
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Post by joel90069 on Nov 16, 2012 8:15:17 GMT -8
Thinking about selling blood to make ends meet. Any takers? No thanks, How about your kidney?
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Post by darrenhd on Nov 16, 2012 8:15:30 GMT -8
I guess I picked the wrong week to stop sniffing glue. A good time to start smoking and drinking again (Actually if you smoke or smoked you should try e-cigarettes
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mark
fire starter
Posts: 1,552
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Post by mark on Nov 16, 2012 8:16:45 GMT -8
I would like to know who whispered into Jim "Don't trade Apple" Cramer's ear when he sold in the 530s. This sounds like more chicanery who is on video copping to it. In hindsight, it should have been ominous he would sell half his position at this P/E multiple. One of his Wall Street cronies no doubt whispered two words to him: "Sling Shot" At around 660-680, he publicly said (on his show) that Apple is not to be traded, it is to be bought and held. He was rather emphatic about the point. I can't finds the clip right now, but I know I heard it.
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Post by madmaxroi on Nov 16, 2012 8:16:46 GMT -8
Whoever came up with the phrase easy come easy go. There is nothing easy about it.
UPDATE - only 36 days until zero.
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Post by mbeauch on Nov 16, 2012 8:19:04 GMT -8
I think I picked the wrong week to stop snorting cocaine. I could never afford to start.
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Post by doublerainbow on Nov 16, 2012 8:20:08 GMT -8
I thought November 30 was the last day to do this? I'm currently doing this but trying to repurchase before the year is over so sold some shares yesterday at 530... As far as I am aware, there is no benefit to buying before the year is over (except perhaps a fund that wants to report owning Apple on 31-Dec). So, the real date to look out for is December 21'st, or 30 days before earnings are reported, allowing someone to purchase stock before earning without running afoul of the wash-sale rules. at this rate I probably will just wait until next year ): depending on next week's price action, i may or may not sell down my position further just to a point where i won't have to really be bothered by 2-3% drops 4 out of 5 days.
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Post by rob_london on Nov 16, 2012 8:21:10 GMT -8
Not far now from a 30% decline from the ATH. :-(
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