Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jun 12, 2017 2:32:23 GMT -8
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Post by appledoc on Jun 12, 2017 2:56:19 GMT -8
Always hilarious to see the change in tune. A few months ago a $1000 iPhone was a reason to upgrade. Now it's a reason to downgrade.
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Post by rob_london on Jun 12, 2017 3:10:35 GMT -8
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Post by rob_london on Jun 12, 2017 4:34:37 GMT -8
Cramer tweeted:
"Amazing that Mizuho decides to make a name for self on Sunday night $AAPL downgrade..."
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Post by phoebear611 on Jun 12, 2017 5:30:09 GMT -8
OMG Mizuho being SLAMMED by Cramer here at the opening!
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Post by phoebear611 on Jun 12, 2017 5:41:04 GMT -8
Any company with a buy back in place should be out there on these huge dips
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Post by macster on Jun 12, 2017 5:45:41 GMT -8
Could have bought a new Tesla early last week, darn. Freaking power of naysayers and media. Oh well we have experience as shareholders.
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Post by mrentropy on Jun 12, 2017 6:46:54 GMT -8
For those who believe in it as an indicator, RSI is at the second lowest it has been in 3 years
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Post by sponge on Jun 12, 2017 7:28:52 GMT -8
For those who believe in it as an indicator, RSI is at the second lowest it has been in 3 years Saw that and went all in. These corrections happen for no reason other then profit taking. I got lucky since I thought we would be at 154 today not 142. I also thought we would crash in August. So took advantage of the change in timing and extent of correction. I can see another crash like this late September. Always good to have cash for days like this. Lucky for me I had more then planned. Should be noted that the 100 MA seems to be support.
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Post by archibaldtuttle on Jun 12, 2017 7:31:19 GMT -8
It's been a while since we had a FUD induced selloff based on absolutely nothing. Hard for investors who focus on fundamentals to make sense of something like this or tell where it will end.
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Post by tuffett on Jun 12, 2017 7:34:33 GMT -8
Big tech has largely recovered but not AAPL. Not a good sign and the chart is weak. I think it will be a struggle to reclaim the highs.
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Post by archibaldtuttle on Jun 12, 2017 7:46:24 GMT -8
Yep. Crazy how the narrative can flip in an instant from "iPhone supercycle" to "overpriced and doomed"
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Post by sponge on Jun 12, 2017 7:50:13 GMT -8
Big tech has largely recovered but not AAPL. Not a good sign and the chart is weak. I think it will be a struggle to reclaim the highs. I give it 5 weeks.
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Jun 12, 2017 8:00:03 GMT -8
Big tech has largely recovered but not AAPL. Not a good sign and the chart is weak. I think it will be a struggle to reclaim the highs. Yes, completely disregard what you said a few days ago about emotional reactions and market inefficiencies creating opportunity... 😉 We're down a few points so it's time for doom and gloom.
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Post by rob_london on Jun 12, 2017 8:20:17 GMT -8
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Post by tuffett on Jun 12, 2017 8:36:14 GMT -8
Big tech has largely recovered but not AAPL. Not a good sign and the chart is weak. I think it will be a struggle to reclaim the highs. Yes, completely disregard what you said a few days ago about emotional reactions and market inefficiencies creating opportunity... 😉 We're down a few points so it's time for doom and gloom. This could be an opportunity, or buying $5-10 lower could be a better opportunity. You people shouting "BTFD" on every $2 drop make me laugh. I'm not being emotional, I'm simply making a comment based on very painful past experience. It's the emotional reactions that could drop this stock further. And yes, it would be an opportunity. Maybe it could reverse right now, but a smart investor on these boards (likely already overweight in AAPL) might want to exercise some patience based on past experience on how AAPL moves up AND down. There's nothing doom and gloom about my message here. I'm not telling anyone to get rid of their shares. AAPL will be fine in the long run. This is day 1.5 of the drop. Please don't compare this to my point about buying AAPL in the $90s after months of bleeding. Maybe I'll shout BTFD every 50 cent drop to make people like me. That seems to be the inverting philosophy of a good number of people here who have clearly forgotten the past. The recency effect is very real. Don't confuse emotional with negative or bearish. Greed is just as powerful an emotion and I see a lot of it here. The stock has broken a key support level and a lot of negative news has been coming out lately. We all know how it can impact the stock, true or not. It's already started and may continue. That is not an emotional analysis.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Jun 12, 2017 13:16:34 GMT -8
Big tech recovered?
FB, AMZN (AAPL) NFLX & GOOG were all down today.
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Post by appledoc on Jun 12, 2017 14:17:34 GMT -8
Yes, completely disregard what you said a few days ago about emotional reactions and market inefficiencies creating opportunity... 😉 We're down a few points so it's time for doom and gloom. This could be an opportunity, or buying $5-10 lower could be a better opportunity. You people shouting "BTFD" on every $2 drop make me laugh. I'm not being emotional, I'm simply making a comment based on very painful past experience. It's the emotional reactions that could drop this stock further. And yes, it would be an opportunity. Maybe it could reverse right now, but a smart investor on these boards (likely already overweight in AAPL) might want to exercise some patience based on past experience on how AAPL moves up AND down. There's nothing doom and gloom about my message here. I'm not telling anyone to get rid of their shares. AAPL will be fine in the long run. This is day 1.5 of the drop. Please don't compare this to my point about buying AAPL in the $90s after months of bleeding. Maybe I'll shout BTFD every 50 cent drop to make people like me. That seems to be the inverting philosophy of a good number of people here who have clearly forgotten the past. The recency effect is very real. Don't confuse emotional with negative or bearish. Greed is just as powerful an emotion and I see a lot of it here. The stock has broken a key support level and a lot of negative news has been coming out lately. We all know how it can impact the stock, true or not. It's already started and may continue. That is not an emotional analysis. Excellent post. I made a huge mistake in 2012 not scaling back, knowing that I needed some of that cash for expenses in 2013. I've subsequently learned my lesson. Have to remember to differentiate between investors and traders. Buying every dip is a stupid move for investors. We know there is no benefit to trying to time the market. You're simply better off buying at predetermined intervals. Buying every dip is also not a move an intelligent trader would make. Patience is the best quality you can have at times like this. Just because it traded 9% off the highs doesn't mean there isn't more to come. Let the trade come to you.
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Post by sponge on Jun 12, 2017 16:14:44 GMT -8
I think if you buy every dip when RSI is at 30, you should do pretty good. In this case we are now only at the same point we were before earnjngs beginning of May. Buying in Nov would have been better since we were at the same point in Sept and 14 points from ATH. I guess we were 14 points today as well.
We should get a better picture in 6 trading days. The fact that this was market wide does not help Apple as much. Although we corrected about 3% too much.
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Post by zzmac on Jun 12, 2017 18:23:00 GMT -8
Big tech has largely recovered but not AAPL. Not a good sign and the chart is weak. I think it will be a struggle to reclaim the highs. Yes, completely disregard what you said a few days ago about emotional reactions and market inefficiencies creating opportunity... 😉 We're down a few points so it's time for doom and gloom. Sponge's post just before the downturn on Friday I say we close at 154 today and 154.75 next Friday. You can really hurt novice investors (cough) who read your posts. Please get out of the prediction business. So tiring.
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Post by appledoc on Jun 12, 2017 18:58:53 GMT -8
I think if you buy every dip when RSI is at 30, you should do pretty good. In this case we are now only at the same point we were before earnjngs beginning of May. Buying in Nov would have been better since we were at the same point in Sept and 14 points from ATH. I guess we were 14 points today as well. We should get a better picture in 6 trading days. The fact that this was market wide does not help Apple as much. Although we corrected about 3% too much. Just stop.
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Post by sponge on Jun 12, 2017 19:13:08 GMT -8
It is always fun to see emotions of sheer disgust from some of you when the stock drops a lot or goes up a lot. That's why there are only about 4 posters. Back in 2005 the daily threads lasted 7 pages and had at least 30 participatants with lots of views about why the went up and what to expect. Few ever attacked each other.
All you smart folks are 100% all the time about everything Apple. I was wrong about the stock but was in cash anyway.. I am all in and let's see if it was a smart gamble in 6 weeks.
Buy at RSI of 30. No one lost money.
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