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Post by mbeauch on Nov 28, 2012 8:13:51 GMT -8
Alright AAPL, enough of this nonsense, time to turn and burn.
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Post by greedynoob on Nov 28, 2012 8:16:20 GMT -8
Alright AAPL, enough of this nonsense, time to turn and burn. Meh, weeklies, OI--I personally don't expect much until Monday.
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Post by mbeauch on Nov 28, 2012 8:19:57 GMT -8
Well, S&P joined the green party, AAPL, what do you have to say for yourself?
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Post by Apple II+ on Nov 28, 2012 8:24:36 GMT -8
There was some discussion the other day about AAPL having exponential growth, and the point was made, incorrectly, that the exponent may be larger or smaller. Equations for exponential growth have the exponent as t, for time. It's the growth rate, r, which forms part of the base, 1 + r, that may be larger or smaller. And now, back to our regularly scheduled thread... Yes, that was me, and I realized the mistake as soon as I posted, but elected not to edit since I felt I was just talking to the wind anyway in that case. Speaking of listening to the wind, I heard the spirit of your post and it was true north.
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Post by greedynoob on Nov 28, 2012 9:25:16 GMT -8
Well, I was wrong. (Yeah, like that's a big surprise or anything...) Should have clicked that buy button at 573...
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Post by macwire on Nov 28, 2012 9:30:37 GMT -8
Hammer time
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Post by wheeles on Nov 28, 2012 9:44:07 GMT -8
Come on 590.
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Post by appledoc on Nov 28, 2012 10:40:18 GMT -8
Good day. Keep it coming.
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Mav
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Post by Mav on Nov 28, 2012 11:49:40 GMT -8
I wouldn't call it a "good" day, but at least it's not a _bad_ one.
Congrats to those who caught a quick dip today, but it's a relative weakness day. Just trailing the market for today.
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Post by Deleted on Nov 28, 2012 12:01:16 GMT -8
AAPL isn't trading on sentiment this week. It's all about weekly options. So dream if you're a dreamer, but without an Apple catalyst, AAPL is tethered to $580, or thereabouts.
I'm looking to exit this stock around $650, except for Jan 14 LEAPS. Wall Street is NOT going to let this stock run on fundamentals, period. Particularly when Wall Street is content siphoning the money out of those sitting at the weekly options table. I hope the free drinks are worth it...
AAPL is Wall Street's annuity stock. Collect the option premiums and use proxies in the media for the other times when Wall Street wants to run it and dump it.
Nothing else makes sense to me.
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Post by aapl4kiki on Nov 28, 2012 12:03:46 GMT -8
These boys love this price action. Pound it down btw 2-3pm and bring it back up in the final hour. Classic move.
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Post by mbeauch on Nov 28, 2012 12:06:34 GMT -8
Mercel, I know exactly what you mean. This company gets no respect from the media. It is as if there is a large company who can influence the media pulling the strings. Not calling any names (cough Google cough) but name another company that controls the flow of information more.
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Post by wheeles on Nov 28, 2012 12:06:36 GMT -8
These boys love this price action. Pound it down btw 2-3pm and bring it back up in the final hour. Classic move. Followed by gap up tomorrow PM , ramp into the open, then dump.
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Post by aapl4kiki on Nov 28, 2012 12:10:18 GMT -8
These boys love this price action. Pound it down btw 2-3pm and bring it back up in the final hour. Classic move. Followed by gap up tomorrow PM , ramp into the open, then dump. That's been the playbook recently...
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Post by mbeauch on Nov 28, 2012 12:13:31 GMT -8
Look back at the first 30 minutes of each trading day. Is has been fireworks almost everyday for a while. When will the sanity return? The fireworks have been both directions, BTW.
Honestly, if this was just gap fill (missed by .26c) I am OK with it. On the positive side we are much better positioned. We just need to take out resistance decisively. As Lovey says, everyone is expecting a big correction and the market is not that predictable. I do not want to go anywhere near the low 570's again because I really fear what is on the other side.
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Post by phoebear611 on Nov 28, 2012 12:16:32 GMT -8
That's why the company - and only the company - can catch these people by surprise. Announce a massive buy back - shorts will gasp - option holders and stock holders get rewarded - and you make a statement about your fundamentals and being undervalued. If Wall St. won't give you the respect on valuation - DO IT yourself.
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Post by mbeauch on Nov 28, 2012 12:18:51 GMT -8
Alright AAPL, enough of this nonsense, time to turn and burn. Meh, weeklies, OI--I personally don't expect much until Monday. early by 45 minutes, but it did do a nice little rip before settling.
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Post by mbeauch on Nov 28, 2012 12:19:36 GMT -8
That's why the company - and only the company - can catch these people by surprise. Announce a massive buy back - shorts will gasp - option holders and stock holders get rewarded - and you make a statement about your fundamentals and being undervalued. If Wall St. won't give you the respect on valuation - DO IT yourself. I like it, 1 karma for you. ;D
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Mav
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Post by Mav on Nov 28, 2012 12:25:51 GMT -8
AAPL isn't trading on sentiment this week. It's all about weekly options. So dream if you're a dreamer, but without an Apple catalyst, AAPL is tethered to $580, or thereabouts. I'm looking to exit this stock around $650, except for Jan 14 LEAPS. Wall Street is NOT going to let this stock run on fundamentals, period. Particularly when Wall Street is content siphoning the money out of those sitting at the weekly options table. I hope the free drinks are worth it... AAPL is Wall Street's annuity stock. Collect the option premiums and use proxies in the media for the other times when Wall Street wants to run it and dump it. Nothing else makes sense to me. Hey, we do what we gotta. Complaining to the SEC doesn't do much good, after all.
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Post by Deleted on Nov 28, 2012 12:26:58 GMT -8
That's why the company - and only the company - can catch these people by surprise. Announce a massive buy back - shorts will gasp - option holders and stock holders get rewarded - and you make a statement about your fundamentals and being undervalued. If Wall St. won't give you the respect on valuation - DO IT yourself. In fact, I wrote Tim Cook last night to do exactly that: A stock repurchase is long past due. You can write him yourself: tcook@apple.com
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Post by Deleted on Nov 28, 2012 12:28:59 GMT -8
Hey, we do what we gotta. Complaining to the SEC doesn't do much good, after all. Weekly options are f'ing KILLING this stock's chances to move up. WAKE UP PEOPLE!!!!!!!
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Post by aapl4kiki on Nov 28, 2012 12:34:16 GMT -8
Hey, we do what we gotta. Complaining to the SEC doesn't do much good, after all. Weekly options are f'ing KILLING this stock's chances to move up. WAKE UP PEOPLE!!!!!!!Monthlies as well. Can't see us much higher than 650 by JAN OE. Unless of course the EOs bought back those calls after destroying them in October.
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Post by Deleted on Nov 28, 2012 12:37:55 GMT -8
Weekly options are f'ing KILLING this stock's chances to move up. WAKE UP PEOPLE!!!!!!!Monthlies as well. Can't see us much higher than 650 by JAN OE. Unless of course the EOs bought back those calls after destroying them in October. Yes! I'm hopeful that after December's monthlies, we'll see evidence of this, but not before. If the option writers repurchased for dimes on a dollar what they sold to us suckers, then Apple can run north, and hard. -- provided there are good expectations for Q1 13 earnings, which I'm confident about.
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Post by mbeauch on Nov 28, 2012 12:43:33 GMT -8
Monthlies as well. Can't see us much higher than 650 by JAN OE. Unless of course the EOs bought back those calls after destroying them in October. Lets think about this. Say you sold a Jan 700 for $40 and it went to .50c, do you really think they would not close out that position? All risk, no reward. Jan is big because of the LEAPS, but I do not think for a second that the sellers did not already cover. As for a price in Jan, not going to speculate, long time away. $70 from here to 650 and AAPL has shown in the past that it can cover that ground in a hurry. ($85 in 5 days) BTW, there was no news that moved AAPL in this past week. I do not consider Citi initiating a buy to be more than a blip. KIKI, talk to people like Madmax who have made fortunes covering their short legs on sell-offs. I have done it some until I lost my fortune.
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Post by Deleted on Nov 28, 2012 12:52:29 GMT -8
Lets think about this. Say you sold a Jan 700 for $40 and it went to .50c, do you really think they would not close out that position? All risk, no reward. Jan is big because of the LEAPS, but I do not think for a second that the sellers did not already cover. As for a price in Jan, not going to speculate, long time away. $70 from here to 650 and AAPL has shown in the past that it can cover that ground in a hurry. ($85 in 5 days) BTW, there was no news that moved AAPL in this past week. I do not consider Citi initiating a buy to be more than a blip. [ Agreed. I don't know of any catalysts between now and Jan. earnings for an earlier move, except for anticipated FQ1 13 EPS and possibly fiscal cliff resolution. So, I think it's option rot time between now and mid-December. I hope I'm wrong, but I'm a reformed realist. Sorry for the rant, Mav, but I've reached my breaking point when the overall market is green and AAPL stays red to make money for the weekly option writers.
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Post by aapl4kiki on Nov 28, 2012 13:01:51 GMT -8
Monthlies as well. Can't see us much higher than 650 by JAN OE. Unless of course the EOs bought back those calls after destroying them in October. Lets think about this. Say you sold a Jan 700 for $40 and it went to .50c, do you really think they would not close out that position? All risk, no reward. Jan is big because of the LEAPS, but I do not think for a second that the sellers did not already cover. As for a price in Jan, not going to speculate, long time away. $70 from here to 650 and AAPL has shown in the past that it can cover that ground in a hurry. ($85 in 5 days) BTW, there was no news that moved AAPL in this past week. I do not consider Citi initiating a buy to be more than a blip. KIKI, talk to people like Madmax who have made fortunes covering their short legs on sell-offs. I have done it some until I lost my fortune. This assumes they were part of a spread, correct? If they were straight long calls retail either held on hoping to gain back some value or EOs stepped in and bought for pennies on the dollar. It would be nice to see data that separates OI as calls, puts and spreads.
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Post by mbeauch on Nov 28, 2012 13:09:26 GMT -8
KIKI, retail sells all the way down, the MM's scoop up every chance they get since they already know direction.
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Post by mbeauch on Nov 28, 2012 13:21:12 GMT -8
Just looked at the overall market, no wonder Carnac is so upset. I am to now. Just sent my email to TC asking him to do a buy back.
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Post by phoebear611 on Nov 28, 2012 13:29:58 GMT -8
I will be writing this evening as well - consider it done!
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Mav
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Post by Mav on Nov 28, 2012 13:32:21 GMT -8
Apology - not directed at me? No offense taken, Mercel. It's been frustrating trading the past few days for sure, but considering the move from 505, I think we're still OK technically speaking (yes, I know you don't put any stock in technicals ) I dunno iPad, what do you think?
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