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Post by phoebear611 on Jun 9, 2017 3:13:35 GMT -8
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Jun 9, 2017 5:09:22 GMT -8
And good morning to you! Except to say it nearly past my bedtime here.
Quite interested by the Homepod and the way it was sold to us. Selling it as a combination of three elements coming together is the same way they sold the iphone. I suspect Apple are quite confident about the product and that it will have a material impact on the bottom line, eventually. However the technology is not quite there yet, hence the emphasis on the speaker aspect to cover any shortcomings on the Siri side. I did cringe a little when they called it a 'breakthrough' device. Apples use of superlatives could be tempered somewhat so that when they really do invent magic they can call it...magical.
Enthused by the new mac love. May not have much impact on the bottom line, but will reinvigorate the true believers... the evangelists,
Great to see AR make its debut. It's still early days so I suspect Apple have been watching and thinking.
Wonder if some of the goodies unveiled are from Tim's pipeline? If so they spend a awful lot of time developing them. But I'm sure they know a lot more about how to run their business than I do though.
Let's make AFB2 great again.....
sorry all. ;-P
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Post by phoebear611 on Jun 9, 2017 5:49:11 GMT -8
I think that $155 lid for the week may keep us contained here but next week is a new week so we'll see
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Post by nagrani on Jun 9, 2017 6:20:43 GMT -8
Hey guys. Miss all of you. Glad to see Apple is doing so well. Thought the wwdc was the best in years and im looking forward to seeing and buying some of their products. Outside of a long term share position - I'm out of aapl but it's a great investment to hold. If you recall - I went all in jwith tesla and thats working out well as well. I bought a tesla and it truly is an amazing product. If anyone wants a referral code to get 1k off of one - let me know. I can share my owner Dodd. Cheers to the longs!!!
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Post by joel90069 on Jun 9, 2017 7:30:03 GMT -8
I think that $155 lid for the week may keep us contained here but next week is a new week so we'll see Next week's call wall is even larger.
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Post by sponge on Jun 9, 2017 7:58:04 GMT -8
I say we close at 154 today and 154.75 next Friday.
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Post by macster on Jun 9, 2017 8:40:56 GMT -8
What Happened. Did someone drop a nuke?
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Post by PikesPique on Jun 9, 2017 9:08:18 GMT -8
Maybe Tim's speech @ MIT?
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Post by zzmac on Jun 9, 2017 9:10:37 GMT -8
Sponge made one of his famous predictions.
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Post by mrentropy on Jun 9, 2017 9:12:19 GMT -8
Seriously, what happened at 9AM, the entire NAZ fell off of a cliff
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Post by PikesPique on Jun 9, 2017 9:22:37 GMT -8
Algos!
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Post by rickag on Jun 9, 2017 9:27:44 GMT -8
Some large holders of AAPL taking profits after this run up?
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Post by PikesPique on Jun 9, 2017 9:29:01 GMT -8
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Post by rob_london on Jun 9, 2017 9:45:55 GMT -8
FANG stocks also down heavily:
"All these stocks have hit new highs recently, so now people are taking a pause and we're seeing the money flow out," said Doug DePietro, managing director for trading at Evercore ISI. "There's nothing in the news that's saying, 'sell the big tech stocks'; this is just simple profit-taking, a rotation to other names."
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Post by osx10 on Jun 9, 2017 10:06:26 GMT -8
Max Pain for AAPL today looks to be 152.50 -- see how that plays out (guessing pretty close to our close today) Interestingly NVDA Max Pain is $148 guessing that one will be close also
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Post by dreamRaj on Jun 9, 2017 10:11:22 GMT -8
Major profit-taking going on. Some MMs must believe this is as good as it gets for the big techs that are near their ATHs.
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Post by sponge on Jun 9, 2017 10:23:07 GMT -8
Well that was a surprise. Feels good to be in cash. Did make 25% on a very small position. In and out.
We touched the 50 MA which seems to be support for now.
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Post by macster on Jun 9, 2017 10:47:42 GMT -8
So the powers that be got a call from from the Cabal leader hotline and said we sell today 11:30. Then the pions that be got the news 2nd hand at noon sold. Then the Algos clicked, the stop loss activated and the weak hands sold. Then the BTFD folks bought @ 12:40. Then @1:05 pm the dicks that didn't get in on the news took their bite out of while the Algos and stop loss clicked in again. Then @ 1:40 pm more BTFD opportunist bought while @ 2:05 the last of the days misinformed sellers took their bite. A few BTFD and @ 2:40 the selling returned.
Yeah I get it.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,185
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Post by JDSoCal on Jun 9, 2017 10:50:30 GMT -8
BTFD! Is it me, or are the spreads on options ludicrous in any stocks other than AAPL?
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Post by osx10 on Jun 9, 2017 10:51:01 GMT -8
Well, so much for the Max Pain thoughts that it could be helpful today -
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Post by dreamRaj on Jun 9, 2017 10:53:37 GMT -8
Seriously, WTF!! Well, I BTFD!
Could this be to kill the June 2017 calls expiring next week? Phoebes? JD?
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Post by PikesPique on Jun 9, 2017 11:16:11 GMT -8
Some stories out that iPhone 8 is rumored to NOT support 1Gb download speeds because one of its two suppliers (Intel) doesn't support it and the speculation is that even the phones with Qualcomm radios (which do support 1Gb) will be throttled so there is no variation in user experience. So, basically speculation about a rumor about an, as yet, unannounced phone. Seems fair...
BTFD
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JDSoCal
Member
Aspiring oligarch
Posts: 4,185
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Post by JDSoCal on Jun 9, 2017 11:49:08 GMT -8
Seriously, WTF!! Well, I BTFD! Could this be to kill the June 2017 calls expiring next week? Phoebes? JD? The whole market is down. Maybe the algos think the Norks are going to nuke someone. Market maker dicks aren't providing any liquidity for options. I did buy some NFLX verts. Edit: Just bought some AMZN verts.
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Post by dreamRaj on Jun 9, 2017 11:55:12 GMT -8
All of a sudden, wishing to close at 150 seems like asking for too much!
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Post by appledoc on Jun 9, 2017 11:57:24 GMT -8
This could be short lived like the middle of May, but I think we're overdue for a sell off, at least in tech. Of course, I thought that then also, so who knows.
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Post by sponge on Jun 9, 2017 12:13:46 GMT -8
If history repeats itself we now recover quickly only to touch the 50 MA again in about 3 weeks.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jun 9, 2017 20:32:43 GMT -8
Come on -- Goldman tanked AAPL with its FANG FUD & Bloomberg didn't help. OPEX isn't in play. WWDC was great and AAPL will be fine provided the whole market holds. I was 15% cash in the morning and ended 35% cash. In other words I BTFD.
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Post by Luckychoices on Jun 10, 2017 9:51:07 GMT -8
Well that was a surprise. Feels good to be in cash. Well, that was a surprise. Feels good to be 100% invested in AAPL. At my age and at this point in our own AAPL investment, it's *such* easy money: 1. Is the AAPL share price *increasing*? Great! That means I have to sell *fewer* shares to meet my 2017 RMD dollar amount. 2. Is the AAPL share price *decreasing*? Great! That means we'll be buying an *increased* number of AAPL shares when our IRA AAPL dividends are auto-reinvested.
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Post by sponge on Jun 10, 2017 10:28:12 GMT -8
Well that was a surprise. Feels good to be in cash. Well, that was a surprise. Feels good to be 100% invested in AAPL. At my age and at this point in our own AAPL investment, it's *such* easy money: 1. Is the AAPL share price *increasing*? Great! That means I have to sell *fewer* shares to meet my 2017 RMD dollar amount. 2. Is the AAPL share price *decreasing*? Great! That means we'll be buying an *increased* number of AAPL shares when our IRA AAPL dividends are auto-reinvested. My retirement account has been in Apple since 2005 and I just bought more share with dividend yesterday. The cash trading account is the one that I use for swing trades.
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Post by Luckychoices on Jun 11, 2017 13:49:05 GMT -8
Well, that was a surprise. Feels good to be 100% invested in AAPL. At my age and at this point in our own AAPL investment, it's *such* easy money: 1. Is the AAPL share price *increasing*? Great! That means I have to sell *fewer* shares to meet my 2017 RMD dollar amount. 2. Is the AAPL share price *decreasing*? Great! That means we'll be buying an *increased* number of AAPL shares when our IRA AAPL dividends are auto-reinvested. My retirement account has been in Apple since 2005 and I just bought more share with dividend yesterday. The cash trading account is the one that I use for swing trades. That's great, sponge. As much as you mention going in and out of the stock I never realized you actually stay long in your retirement account. I hope that's the case with others on the board because staying long AAPL for *years* seems to me to be a no-brainer.
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