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Post by mtjs on Nov 16, 2012 8:21:39 GMT -8
I think I picked the wrong week to stop snorting cocaine. I could never afford to start. And since yout bought apple you ensured you'll never be able to start
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Post by fas550 on Nov 16, 2012 8:21:53 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. +1. Remember that. Basically he's a character on a reality show about traders/investment advisors I.e. an entertainer.
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Post by rutgersguy92 on Nov 16, 2012 8:22:08 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. I read somewhere that sellers now are mostly hedgies. I thought they were supposed to be the "smart" money? How smart are you when you should have been dumping at 700 all the way down? Or maybe their crystal ball has gotten clearer once we hit 540 or so.
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Post by mtjs on Nov 16, 2012 8:24:36 GMT -8
Just set a buy order @ 500.1 so the bottom must be in since my orders like that NEVER get filled. But I jinxed it by saying that, so.... Within a year we'll laugh at this. (or not)
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Post by fas550 on Nov 16, 2012 8:24:51 GMT -8
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Post by mightydog on Nov 16, 2012 8:27:12 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. I read somewhere that sellers now are mostly hedgies. I thought they were supposed to be the "smart" money? How smart are you when you should have been dumping at 700 all the way down? Or maybe their crystal ball has gotten clearer once we hit 540 or so. Assuming the hedgies bought last year or early this year, they are locking in a 25-30% gain for 2012 buy selling AAPL this week. Not a bad return in their minds compared to other stocks.
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Post by madmaxroi on Nov 16, 2012 8:29:37 GMT -8
Whoever came up with the phrase easy come easy go. There is nothing easy about it. UPDATE - only 36 days until zero. Good thing there isn't another dividend in the 36 day time frame. Otherwise we would hit zero sooner. On a more serious note, this is not 2008 redeux. With that said, it is sure starting to feel like it. It is almost as though Uncle Sam will be knocking on our doors on Jan 1st to collect the $600 Billion. Gotta love the media...NOT
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Post by rob_london on Nov 16, 2012 8:34:44 GMT -8
LOD 505.75 ATH (intra day) 705.07
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Post by phoebear611 on Nov 16, 2012 8:34:54 GMT -8
I'm numb
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Post by wraithyouth on Nov 16, 2012 8:35:17 GMT -8
Trying to decide whether to use the last of my powder today, or to wait for the (seemingly inevitable) dip below $500...
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Post by madmaxroi on Nov 16, 2012 8:37:56 GMT -8
I would have never thought the 3,600 stolen iPad minis would have had this much impact on the stock.
My apologies in advance for all of the nonsensical posts today. Relieving some pressure.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Nov 16, 2012 8:38:43 GMT -8
This is unbelievable. What happened to the EO's scalping both sides?
This is one of those times I wish Apple was less reticent with the press. I'd like to see TC do some interviews and calm the market the fuck down. Maybe a nice big hint at the upcoming quarter.
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Post by miguelfoogo on Nov 16, 2012 8:41:10 GMT -8
I'm numb Yep, numb is the right word for today.
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Post by wheeles on Nov 16, 2012 8:42:27 GMT -8
This is unbelievable. What happened to the EO's scalping both sides? They are. They probably got landed with loads of puts on the climb up, and are now cashing them in. It's all very well looking at options open interest, but it never tells you who holds which side of the contracts.
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Post by po1nt on Nov 16, 2012 8:44:43 GMT -8
Very interesting action on SPY right now..... Trying to time the AAPL bounce it seems.
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mark
fire starter
Posts: 1,552
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Post by mark on Nov 16, 2012 8:47:07 GMT -8
I read somewhere that sellers now are mostly hedgies. I thought they were supposed to be the "smart" money? How smart are you when you should have been dumping at 700 all the way down? Or maybe their crystal ball has gotten clearer once we hit 540 or so. Assuming the hedgies bought last year or early this year, they are locking in a 25-30% gain for 2012 buy selling AAPL this week. Not a bad return in their minds compared to other stocks. There was plenty of volume all the way up to 705. That volume came from somewhere, so there were lots of buyers all the way up.
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Post by miguelfoogo on Nov 16, 2012 8:47:15 GMT -8
Not far now from a 30% decline from the ATH. :-( I hate that a 28% fall from 705 requires a 40% move to get back up to it. Same bones, different value.
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Post by rutgersguy92 on Nov 16, 2012 8:48:41 GMT -8
I read somewhere that sellers now are mostly hedgies. I thought they were supposed to be the "smart" money? How smart are you when you should have been dumping at 700 all the way down? Or maybe their crystal ball has gotten clearer once we hit 540 or so. Assuming the hedgies bought last year or early this year, they are locking in a 25-30% gain for 2012 buy selling AAPL this week. Not a bad return in their minds compared to other stocks. My point is that the retail traders (the so-called "not so smart money") selling last week after Obama won re-election got a better price.
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Post by wheeles on Nov 16, 2012 8:48:54 GMT -8
AAPL came very close to hitting the daily lower Bollinger. That's why we now have a bounce.
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Post by lovemyipad on Nov 16, 2012 8:49:30 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. Margin liquidations. Forced selling.
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Post by phoebear611 on Nov 16, 2012 8:50:08 GMT -8
I REALLY do not want to place any of my hopes EVER on any politician - BUT - they did all sound very positive at arriving at a solution. Naturally, it will all be in the details but for the love of God - THEY ARE TALKING and saying SIMILAR things. We'll see... it was about as positive as it could possibly be at this point in time but I wish we had never come to this cliff. Like Tony Soprano used to say, "I hate you for having to make me have this conversation with you!"
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Post by lovemyipad on Nov 16, 2012 8:50:48 GMT -8
10 points off the lows here...
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Post by rutgersguy92 on Nov 16, 2012 8:51:29 GMT -8
At 517. That's almost 10 points in 18 miniutes, a "rip your face off" rally/bounce/retrace.
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Post by miguelfoogo on Nov 16, 2012 8:52:08 GMT -8
Somewhat strong volume on the way up from 505. Not going to read very much into it but it is something i noticed
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Post by Rupert on Nov 16, 2012 8:52:23 GMT -8
Bailout Position Added Last purchase to bailout my losses Jan 14 $740-$790 BCS at $4.50Good Luck To All!!!!
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Post by rob_london on Nov 16, 2012 8:52:31 GMT -8
At the LOD the cash to share price ratio was 3.95
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Post by rutgersguy92 on Nov 16, 2012 8:53:13 GMT -8
I REALLY do not want to place any of my hopes EVER on any politician - BUT - they did all sound very positive at arriving at a solution. Naturally, it will all be in the details but for the love of God - THEY ARE TALKING and saying SIMILAR things. We'll see... it was about as positive as it could possibly be at this point in time but I wish we had never come to this cliff. Like Tony Soprano used to say, "I hate you for having to make me have this conversation with you!" Hey, Phoebes, you weren't at LaGuardia airport yesterday, by any chance. Thought maybe you couldn't stand waiting the two weeks for your IPad mini.
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Post by gtrplyr on Nov 16, 2012 8:53:15 GMT -8
This is unbelievable. What happened to the EO's scalping both sides? This is one of those times I wish Apple was less reticent with the press. I'd like to see TC do some interviews and calm the market the fuck down. Maybe a nice big hint at the upcoming quarter. Bottom line: Apple's philosophy has always been to make great products and .... well there is no "and". The market will have to work itself out .... Steve told us he didn't give a shit about the stock price ... in his world it will take care of itself and I believe it will ... for INVESTORS. Short term investors have made unbelievable profits and now we are seeing the flip side ... I agree with you that I would love to see some kind of statement from Apple but I know I'm dreaming ... never gonna happen. I just keep telling myself that the best thing I've done in the last 9 years is simply hold ... Until I see some kind of shift in their business and at this point I don't. Their biggest problem is trying to keep up with demand . Just wanted to add: If I had any money left ... I'd be buying ....
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Post by ibuyer on Nov 16, 2012 8:55:01 GMT -8
Very interesting action on SPY right now..... Trying to time the AAPL bounce it seems. I think the bounce is attributed to House/Senate of both parties on WH lawn saying will work over thanksgiving and COMPROMISE and try to be done by xmas. IMO the POTUS at 1:30 will be key.
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Post by lovemyipad on Nov 16, 2012 8:57:15 GMT -8
So, nearly a 200 point drop. Think the machines like that number?
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