Since84
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To infinity and beyond!
Posts: 3,933
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Post by Since84 on Nov 20, 2018 3:21:00 GMT -8
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Post by appledoc on Nov 20, 2018 4:53:10 GMT -8
Today should be interesting. We’re at that 180 support premarket now. Do we sell off through the day like we did yesterday? Or do we bounce early and turn it around?
I feel pretty confident we will see 169. Just a matter of when.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Nov 20, 2018 5:14:45 GMT -8
Hesitate to predict bottoms... or tops. I point out gaps, because, in my experience, they tend to fill. Sooner or later. When AAPL is trading well above gaps, I tend to keep my powder dry waiting for the gaps to fill. Given the volume of FUD flowing, I would be hesitant to jump in at the moment (though I did at $187.50). It appears that 'someone' would like to see a AAPL trading at a lower price. For those who haven't watched Jim Cramer on Market Manipulation, do yourself a favor... Where's the bottom? Let's hope its above $169....
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Post by chasmac on Nov 20, 2018 5:51:00 GMT -8
Look at historical P/E values. Might be instructive.
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Post by dreamRaj on Nov 20, 2018 6:03:25 GMT -8
At 175, Apple will have lost 25% of its value in just these past three weeks.
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Post by appledoc on Nov 20, 2018 6:24:27 GMT -8
At 175, Apple will have lost 25% of its value in just these past three weeks. Black Friday discount.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Nov 20, 2018 7:02:54 GMT -8
At 175, Apple will have lost 25% of its value in just these past three weeks. Black Friday discount. Yep, I was thinking of picking up a little more at the Black Friday discount. I just had no idea that it would bring us down to May Day prices. (May 2nd non-adjusted close of 176.89...retracing back 6.5 months!) Good call (Sponge and Doc) on that price point, even if it seemed improbable. I wonder if the short break, plus enough shoppers doing their thing, will be enough for the reports to start piling on the positiveness.
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Post by carbonate24 on Nov 20, 2018 7:06:59 GMT -8
RSI dipped below 30 today, although it certainly feels like we've been below it for a while now.
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Post by hledgard on Nov 20, 2018 7:27:24 GMT -8
Does Apple news make any money for Apple?
I have been using it for over a year and did not realize it was actually backed by Apple. Thought it was just a good independent site, neither left or right.
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Post by dreamRaj on Nov 20, 2018 7:37:10 GMT -8
The other FAANGs seem to be recovering to black and even green. It's only the fruit company with the lowest P/E of all and most cash of all that's still being beaten down.
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Post by carbonate24 on Nov 20, 2018 7:43:41 GMT -8
The other FAANGs seem to be recovering to black and even green. It's only the fruit company with the lowest P/E of all and most cash of all that's still being beaten down. I'm just guessing here, but with AAPL being the last to fall, it may also be the last to recover from that group. I'm happy to have picked up a few more shares at $177.70, however, I'm ready for the sale to be over.
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Post by archibaldtuttle on Nov 20, 2018 7:44:44 GMT -8
Back to where we were in January. It’s like this year never happened.
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Post by dreamRaj on Nov 20, 2018 8:03:14 GMT -8
Back to where we were in January. It’s like this year never happened. Well, we're back to being in "that phase" again where we lag n' drag, fall the most and rise the least. We'll need reassuring words in some form or the other from Uncle Warren and/or Tim to create a bottom. Hope that happens sooner than later.
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Post by dreamRaj on Nov 20, 2018 8:05:25 GMT -8
Whatever happened to Carl Icahn? I wonder if he's thinking of reentering at this point.
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Post by macglenn on Nov 20, 2018 8:10:06 GMT -8
Looking at the hourly volume, double that over the last week, I'd conclude the buyers are committing at this price. But is it the bottom?
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Post by sponge on Nov 20, 2018 8:14:38 GMT -8
Did not think we would hit 175 so soon. Luckily I had more cash and bought more calls
Now if only we can react like Feb. we went up 16% from the lows in a mere 3 weeks.
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Post by dmiller on Nov 20, 2018 8:44:48 GMT -8
$180!
(wheeee!)
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Nov 20, 2018 9:00:40 GMT -8
Just a reminder: not a single thing has changed about Apple the company in the past three weeks, and Christmas is coming.
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Nov 20, 2018 9:05:40 GMT -8
Dare I say nice bounce?
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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 Nov 20, 2018 9:09:57 GMT -8
Last time I said that I got slapped.
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Post by dreamRaj on Nov 20, 2018 9:18:50 GMT -8
Just a reminder: not a single thing has changed about Apple the company in the past three weeks, and Christmas is coming. That's the sad part. Clearly, apart from the weak hands selling in panic, it's the big boys doing their thing. They're using all the tactics from the above video by Jim Cramer on Market Manipulation so they can keep dumping to buy at the lowest and then the pumping will begin.
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Post by macprof on Nov 20, 2018 9:39:14 GMT -8
My local morning news show had their "business expert" on to talk about the market. He went on at length about the woes of Apple, their extensive iPhone parts supply cutbacks and the mistake of choosing not to report their numbers any more. I suspect this is going on all over the place. I have to wonder if these 'experts' are merely dumb, lazy and uninformed, or if they are being cleverly deployed and scripted?
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Post by archibaldtuttle on Nov 20, 2018 9:50:28 GMT -8
Just a reminder: not a single thing has changed about Apple the company in the past three weeks, and Christmas is coming. That's the sad part. Clearly, apart from the weak hands selling in panic, it's the big boys doing their thing. They're using all the tactics from the above video by Jim Cramer on Market Manipulation so they can keep dumping to buy at the lowest and then the pumping will begin. Be careful. Nonsensical slumps in AAPL can and have sometimes lasted for a year or more before people get over their fears and positive sentiment returns. Right now, the trailing PE ratio is about 15. I find looking at the chart of AAPL's PE ratio instructive for where we are in the overall cycle of fear/greed. In 2015/2016, the PE slumped for over a year. The PE ratio fell all the way to 11. With current earnings, that would be 122....!!! ycharts.com/companies/AAPL/pe_ratio
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Post by sponge on Nov 20, 2018 9:50:31 GMT -8
I think two factors are behind today’s crazy sell off.
The GS downgrade is first.
The other is Boeing. It really dragged the DOW down and we got caught in the downdraft.
The good news is that we are down only 3%.
GS is a joke, but yet they contributed to the move to 233 and now 175.
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Post by dreamRaj on Nov 20, 2018 10:10:24 GMT -8
Apple's market cap today is 881 bln and second is... Microsoft at 803 bln.
But here's the kicker - Apple has a P/E of 15 while Microsoft enjoys a P/E of 42. Yep, 42!!
This is a "Go figure!" thing.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Nov 20, 2018 10:40:34 GMT -8
My local morning news show had their "business expert" on to talk about the market. He went on at length about the woes of Apple, their extensive iPhone parts supply cutbacks and the mistake of choosing not to report their numbers any more. I suspect this is going on all over the place. I have to wonder if these 'experts' are merely dumb, lazy and uninformed, or if they are being cleverly deployed and scripted? or D. All of the above.
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Post by appledoc on Nov 20, 2018 10:53:33 GMT -8
Apple's market cap today is 881 bln and second is... Microsoft at 803 bln. But here's the kicker - Apple has a P/E of 15 while Microsoft enjoys a P/E of 42. Yep, 42!! This is a "Go figure!" thing. But Apple is a one-trick pony. I think I've read that somewhere. The 180 support is now resistance. Next level to be tested is the 169-173 gap.
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Post by dmiller on Nov 20, 2018 11:10:20 GMT -8
Another FUD/DUD article: Apple is finding out that not everyone likes giant, expensive phonesThe author states, without a single supporting FACT, that "The XR, which came out this year as the most affordable option in the X-series, has not been as popular with consumers as it has been with reviewers." This "news article" is a work of fiction. As are any/all of the others over the past few weeks; none of them based on a single fact. This is not surprising. We've been here before, many times.
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Post by Luckychoices on Nov 20, 2018 11:41:20 GMT -8
Another FUD/DUD article: Apple is finding out that not everyone likes giant, expensive phonesThe author states, without a single supporting FACT, that "The XR, which came out this year as the most affordable option in the X-series, has not been as popular with consumers as it has been with reviewers." This "news article" is a work of fiction. As are any/all of the others over the past few weeks; none of them based on a single fact. This is not surprising. We've been here before, many times. In fact, many, *many* times over. :-)
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Post by carbonate24 on Nov 20, 2018 12:00:34 GMT -8
That's the sad part. Clearly, apart from the weak hands selling in panic, it's the big boys doing their thing. They're using all the tactics from the above video by Jim Cramer on Market Manipulation so they can keep dumping to buy at the lowest and then the pumping will begin. Be careful. Nonsensical slumps in AAPL can and have sometimes lasted for a year or more before people get over their fears and positive sentiment returns. Right now, the trailing PE ratio is about 15. I find looking at the chart of AAPL's PE ratio instructive for where we are in the overall cycle of fear/greed. In 2015/2016, the PE slumped for over a year. The PE ratio fell all the way to 11. With current earnings, that would be 122....!!! ycharts.com/companies/AAPL/pe_ratioI agree with the cautious thinking on how long the depressed PE ratio can last. Since I can't help looking at the bright side of things however, I'll just note that Apple's available cash for buybacks is much greater now than it was in '15/'16.
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