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Post by Tetrachloride on Nov 29, 2012 10:12:02 GMT -8
on a more laughable note: "Microsoft's Surface Pro Goes On Sale For In January, Costs $900" Key accessory is lightweight chain, some of which is modeled on the clean lines of Windows source code. Fashion on New Year's Eve at Ballmer's house. Pictures omitted because no photographer lives within 100 miles of the Surface or Ballmer's house.
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Deleted
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Post by Deleted on Nov 29, 2012 10:31:41 GMT -8
iTunes 11 is out.
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Post by Deleted on Nov 29, 2012 10:39:14 GMT -8
on a more laughable note: "Microsoft's Surface Pro Goes On Sale For In January, Costs $900" It is DOA. Add $100 for a keyboard and it's a grand people are NOT going to spend on this. Ultra books will kill any potential sales of Pro. Mr. Softie just went more limp.
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Post by Nevyn on Nov 29, 2012 10:57:03 GMT -8
Stuck in $589-$590 rut. Setting up for a fall for weekly expiry tomorrow?
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Post by piotroosh on Nov 29, 2012 11:17:26 GMT -8
It is DOA. Add $100 for a keyboard and it's a grand people are NOT going to spend on this. Ultra books will kill any potential sales of Pro. I can get an untested, buggy M$ Surface for $1k, or an amazing MacBook Air... hmmm tough choice ;D Way to shoot yourself in a foot M$...
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Post by rosie on Nov 29, 2012 11:22:37 GMT -8
thanx for the heads up....it's great!
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Post by rutgersguy92 on Nov 29, 2012 11:27:26 GMT -8
I saw something last night, where Erin Burnett asked Rick Santorum about this strong rhetoric politicos are showing. He said something interesting, that you want to approach negotiations from a position of strength, and al least make it look like you have a strong position. Not so sure how strong the Repubs' position is, considering they didn't do too well in the election, but they're a bunch of middle-aged white men (mostly) who don't want to give up power too easily, and hopefully are just making a last gasp before they come to an agreement. Hopefully. No, no, no -- can't express your political opinion on this thread! I hate ALL politicians because of what they are making our AAPL do...and the rest of the market do...but Ms. iPad will have your head! Thought is was apolitical when I wrote it, but I see how a Republican type might get insulted, for the 'bunch of middle-aged white men" comment. Apologies to anyone offended, it wasn't my intention.
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4aapl
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Post by 4aapl on Nov 29, 2012 11:31:46 GMT -8
Went ahead and wrote a few weekly 600 calls for .84 against stock I bought a couple weeks ago at 585. Nothing too much, but today's weekly volume looks like the stock will pin at 590 tomorrow. From an e-mail earlier today:
> Back to today's volume, volume doesn't always cause open interest to > increase, but often it does. > > On the calls side, today's volume so far has 41k at 590, 29k at 595, and 30k > at 600. > > On the puts side, we see 22k at 580, 31k at 585, and 30k at 590. > > Every single one of those becomes worthless if AAPL closes at exactly 590 > tomorrow!
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Post by phoebear611 on Nov 29, 2012 11:44:50 GMT -8
Went ahead and wrote a few weekly 600 calls for .84 against stock I bought a couple weeks ago at 585. Nothing too much, but today's weekly volume looks like the stock will pin at 590 tomorrow. From an e-mail earlier today: > Back to today's volume, volume doesn't always cause open interest to > increase, but often it does. > > On the calls side, today's volume so far has 41k at 590, 29k at 595, and 30k > at 600. > > On the puts side, we see 22k at 580, 31k at 585, and 30k at 590. > > Every single one of those becomes worthless if AAPL closes at exactly 590 > tomorrow! The Gods on Mt. Olympus have spoken - $590 tomorrow. They are just playing with us mere mortals in the meantime.
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Ted
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Post by Ted on Nov 29, 2012 11:51:40 GMT -8
Yes, iTunes 11 is much cleaner. And perhaps faster? Definitely worth the upgrade cost. "Mr. Softie just went more limp." You crack me up, Mercel.
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Post by Apple II+ on Nov 29, 2012 11:53:52 GMT -8
No, no, no -- can't express your political opinion on this thread! I hate ALL politicians because of what they are making our AAPL do...and the rest of the market do...but Ms. iPad will have your head! The devil on your right shoulder says "The cat is away. The mice will play. Talk politics all you like." The angel on your left shoulder says "No politics outside the dungeon. Remember the mice and the farmer's wife with the carving knife."
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Post by dreamRaj on Nov 29, 2012 11:53:55 GMT -8
If the stock breaks and remains above the 590 barrier, here's what TheFlyOnTheWall site has to say:
APPLE HAS A NEW POTENTIAL BULLISH PATTERN. LEVELS TO WATCH There is a new potential bullish pattern developing on the daily chart. That pattern is a bullish flag, has been formed by the recent consolidation of the move off the $500 area in the last two weeks. The pattern will not become active unless price breaks the top of the current bearish price channel, the flag, at the $590 area. If the pattern does trigger and completes, upside potential would be to the $635 area. The pattern would be voided if price instead breaks below the low of the bearish price channel, currently at the $572 area.
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4aapl
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Post by 4aapl on Nov 29, 2012 11:57:25 GMT -8
The Gods on Mt. Olympus have spoken - $590 tomorrow. They are just playing with us mere mortals in the meantime. That's sure what it looks like, with just OTM options for both calls and puts trading about 3 times as much as the ones just ITM. Looks like everyone's trying to buy them like lottery tickets, hoping for a big payout. OTOH, there's been enough movement today that someone could be making a decent amount off of this 589-591 range. It depends on how many of these are day trades, vs 2 day trades. Either way, it's really short term. But it will be nice to see the change in open interest. Max Pain doesn't triumph every time....more of a suggestion or guidance than a rule or science. But it feels likely this time, to me.
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Deleted
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Post by Deleted on Nov 29, 2012 12:07:01 GMT -8
The tmobile rumour sounds legit to me, but its also obvious the big boys are in pump AAPL mode with these type of positive stories (I have to agree with Nansen on that one).
iPhone 5 sales figures on the 3 other carriers (and the little regionals) will be getting obvious now to tmobile execs - they probably realise that they have to bite the bullet or risk a slow death as its subscribers continue to drift away.
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Post by bribery on Nov 29, 2012 12:13:34 GMT -8
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Post by rutgersguy92 on Nov 29, 2012 12:18:50 GMT -8
That's a start, but most HFT orders get cancelled, and are just created to move the market in one direction or the other. If the transaction tax applied to those which get cancelled, then maybe his bill would have some teeth. But don't see this happening.
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Post by greedynoob on Nov 29, 2012 12:20:55 GMT -8
There is absolutely nothing indicating that it would be a tax on only HFT. It's a tax on all transactions, which would kill off HFT while not, according to its proponent, harming "normal" trading.
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Deleted
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Post by Deleted on Nov 29, 2012 12:22:23 GMT -8
Here comes pelosi....
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Post by trespif on Nov 29, 2012 12:39:17 GMT -8
Maybe a 590 pin, but assuming 600 stays the highest OI call strike I think there's at least a decent chance of testing it tomorrow--usually closing around max call OI is a multi-week occurrence.
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Post by Deleted on Nov 29, 2012 12:46:54 GMT -8
Microsoft rumoured to have reduced Surface RT production from a previous 4 million order this year to just 2 million.
2 million? The ipad mini likely sold more than that in its first weekend.
Can you imagine the R&D costs averaged per surface device at present? I smell a big write off at some point in the next 18 months.
Zune. Kin. Surface. Microsofts device history is mainly a scrapyard of costly failed projects (even the Xbox, a big seller, has lost billions over its lifetime).
Microsofts most successful devices are probably its mouse and keyboard line.
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4aapl
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Post by 4aapl on Nov 29, 2012 12:48:22 GMT -8
Maybe a 590 pin, but assuming 600 stays the highest OI call strike I think there's at least a decent chance of testing it tomorrow--usually closing around max call OI is a multi-week occurrence. Of course there's a decent chance! Personally, I see it as when there is a lack of moving news (for the whole market or the underlying), then it comes down to underlying volume (we're back down to average volume) vs options open interest. If there's a lot of OI, and only average stock volume, it's doable. If OI is on the smaller side, or stock volume is above average, then it's less likely that Max Pain will matter. It's not just a simple matter of saying "It's Friday yet again, prepare for pinning" Weekly OI is normally lower than monthly OI, which is normally lower than quarterly OI, which is normally lower than Leap OI. But IMO, it's still not a science.
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Post by Tetrachloride on Nov 29, 2012 12:53:34 GMT -8
I find it hard to believe that the Surface sells even 500 K. Whatever
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Post by bernard on Nov 29, 2012 12:56:44 GMT -8
I do not know why there is so much animosity to HFTs. Jealousy perhaps from the mathematically illiterate? HFTs were not responsible for driving APPL down 200 points. It seems this group is against HFTs, Goldman, EOs(whoever or whatever they are). If it was not for HFT the exchanges, clearing houses, and brokerages would be financially hurting more than they are. It seems more attention should be focused on how APPL is manipulated, and how part of the responsibility is the company itself with its wildly oscillating guidance.
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Post by phoebear611 on Nov 29, 2012 13:00:45 GMT -8
Pelosi waiting till after the bell to speak - she probably has a massive personal portfolio and cares more about that than any decisions she and her fellow politicians need to get done. WHY aren't they locked in a room? WHY do they keep coming out and posturing? IDIOTS - OFF WITH THEIR HEADS! ;D
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Post by chasmac on Nov 29, 2012 13:07:39 GMT -8
Ha, beat me to it by a minute. LOL Yep, I can see this as being a catalyst. A few million subscribers annually. (Maybe 6, just like Sprint) The persistent rumor that Mercel is PED ( or vice-versa) surfaces again! Nobody has ever seen them in the same room at the same time. Hmmmmmm.. Not true, TMZ has pics from a hotel room in Vegas ;D Good day for AAPL, I'll take that any time over that herky jerky crap.
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Post by Deleted on Nov 29, 2012 13:11:35 GMT -8
If the stock breaks and remains above the 590 barrier, here's what TheFlyOnTheWall site has to say: APPLE HAS A NEW POTENTIAL BULLISH PATTERN. LEVELS TO WATCH There is a new potential bullish pattern developing on the daily chart. That pattern is a bullish flag, has been formed by the recent consolidation of the move off the $500 area in the last two weeks. The pattern will not become active unless price breaks the top of the current bearish price channel, the flag, at the $590 area. If the pattern does trigger and completes, upside potential would be to the $635 area. The pattern would be voided if price instead breaks below the low of the bearish price channel, currently at the $572 area. Any follow up on this? Was this the reason we seemed to be kept under 590 at the close?
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Post by mbeauch on Nov 29, 2012 13:15:06 GMT -8
Not true, TMZ has pics from a hotel room in Vegas ;D Good day for AAPL, I'll take that any time over that herky jerky crap. You must share. Do the pics involve men, women or donkey's. ;D I know, I know Mercel, you hate me again. ;D BTW, the gap from yesterday was closed, whew! Agree Chas, I think AAPL did a magnificent job of building a base. We did get a higher high. Now we just need to get through the 200 with authority.
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4aapl
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Post by 4aapl on Nov 29, 2012 13:27:03 GMT -8
Any follow up on this? Was this the reason we seemed to be kept under 590 at the close? It really wasn't tested yet. Like mbeauch said, AAPL was just forming a base today. The real question is when AAPL gets to the 597 to 607 range, does it then continue on up, or fall back down. But it has to get to that level first, and it's likely that options won't let that happen this week. Looks like AAPL is up maybe 17 points for the week, if flat tomorrow. I'll gladly take a few weeks of that! And might go ahead tomorrow and reinvest some of my weekly 565-575 profits into another weekly spread. At this point, for a little safety I'd probably go in the money, maybe 570-580. I bet it's only around 6, and so would still have some good profit possibilities without too much risk.
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Post by mbeauch on Nov 29, 2012 13:39:40 GMT -8
I wonder if Travis will do anything with his chart tonight. The call volume was insane today at 590. The puts were wiped out. Honestly, I would be fine with a flat line day tomorrow. Of course I would prefer we get over the 200 DMA and stay there, but alas I think OE will dictate tomorrows movements. A close below 590 tomorrow will cost people a lot of money. Those darn EO's again.
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mark
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Post by mark on Nov 29, 2012 13:52:09 GMT -8
Went ahead and wrote a few weekly 600 calls for .84 against stock I bought a couple weeks ago at 585. Nothing too much, but today's weekly volume looks like the stock will pin at 590 tomorrow. I think any short or pin trades are relatively dangerous nowadays. Because at any time, we might get news of a [fake] Greece resolution, or a resolution to the fiscal cliff. And those have got to be wroth a few hundred Dow points easy (and perhaps a few tens of Apple dollars too).
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