Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jun 28, 2017 2:21:40 GMT -8
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Post by appledoc on Jun 28, 2017 3:19:22 GMT -8
SMA100 at 144, bottom of this move at 142.20. Watch both of those spots.
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Post by osx10 on Jun 28, 2017 5:38:01 GMT -8
Doc, if 142.20 breaks, how low do you think it might go $139-ish or lower yet?
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Post by appledoc on Jun 28, 2017 6:56:43 GMT -8
Doc, if 142.20 breaks, how low do you think it might go $139-ish or lower yet? Next level of support is 137-140. Beyond that you're looking at the SMA200 (currently at 129). You can see an ugly head a shoulder pattern developing at the moment. Now isn't the time to establish new positions, but also not a time to panic. But I will say, there is a lot of negative macro data at the moment. AAPL and the rest of the FANG remain attractive go-to positions to sell given the run we've seen since November.
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Post by tuffett on Jun 28, 2017 8:52:01 GMT -8
Doc, if 142.20 breaks, how low do you think it might go $139-ish or lower yet? Next level of support is 137-140. Beyond that you're looking at the SMA200 (currently at 129). You can see an ugly head a shoulder pattern developing at the moment. Now isn't the time to establish new positions, but also not a time to panic. But I will say, there is a lot of negative macro data at the moment. AAPL and the rest of the FANG remain attractive go-to positions to sell given the run we've seen since November. Thanks for the sound analysis. Certainly beats the baseless "BTFD" calls. I'm happy with a period of consolidation as the key moving averages continue to rise. I'm more concerned about avoiding quick losses rather than making quick profits (unrealized or not) and if the "line in the sand" continues to move up while the stock stagnates I'm ok with it.
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Post by rob_london on Jun 28, 2017 10:04:12 GMT -8
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Post by tuffett on Jun 28, 2017 10:18:22 GMT -8
The AR demos look absolutely phenomenal. Can only imagine what other possibilities open up with the next iPhone, which is clearly designed with AR in mind. Should be a lot of new amazing and profitable apps coming up...
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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 28, 2017 13:21:18 GMT -8
Not a bad day. It's like yesterday never happened. I'm perfectly content with hanging around this $145 range for a while. Of course I'd rather be back above $150 given the choice. Though let's remember a year ago we were still sub-$100 at this time. If someone had told me then that AAPL would be trading at $145 a year later I would've been bouncing off the walls. That ARKit stuff is blowing me away. There's a short demo of an AR tape measure app which is obviously pretty utilitarian, but it just gives a hint of what is coming. It seems to me that though using AR with the iPhone or iPad is fantastic, the real target has got to be glasses of some sort. Munster is hitting that point and I mostly agree. If Apple can crack the glasses/head gear problem we're in for interesting times.
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mark
fire starter
Posts: 1,555
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Post by mark on Jun 28, 2017 15:39:49 GMT -8
Next level of support is 137-140. Beyond that you're looking at the SMA200 (currently at 129). You can see an ugly head a shoulder pattern developing at the moment. Now isn't the time to establish new positions, but also not a time to panic. But I will say, there is a lot of negative macro data at the moment. AAPL and the rest of the FANG remain attractive go-to positions to sell given the run we've seen since November. Thanks for the sound analysis. Certainly beats the baseless "BTFD" calls. What do you mean by "baseless"? There clearly was a dip, and if someone is in the habit of buying when it dips, then a call for it seems not to be baseless. (or maybe I didn't understand what you meant)
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Post by tuffett on Jun 29, 2017 7:15:41 GMT -8
Thanks for the sound analysis. Certainly beats the baseless "BTFD" calls. What do you mean by "baseless"? There clearly was a dip, and if someone is in the habit of buying when it dips, then a call for it seems not to be baseless. (or maybe I didn't understand what you meant) The calls started in the middle of the first day of the dip, with the stock still in the $150s. Essentially any drop from an all-time high is a signal to buy. It shows a lack of understanding of how stocks trade. We all know how AAPL in particular can move, but many here seem to have forgotten.
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