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Post by lovemyipad on Dec 17, 2012 13:00:54 GMT -8
I like that close! Don't know if I trust it, but I like it!
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Post by phoebear611 on Dec 17, 2012 13:00:58 GMT -8
Closed on the highs - great way to start a week off...let's keep it going...please.
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Post by rob_london on Dec 17, 2012 13:01:08 GMT -8
Nice finish. I'm certainly no technical analyst but isn't that engulfing candle on the daily chart quite bullish?
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Post by appledoc on Dec 17, 2012 13:01:32 GMT -8
Option traders help me out here. I have some Jan 2014 calls 800s. The OI has doubled (like 10K to 20K) since 1 Oct with a major jump on 22 and 23 Oct. I do know what OI is but I am a little surprised that during this huge drop the OI has doubled. Any thoughts on that kind of jump? Rollovers? Probably traders opening up large spreads. 700/800, 750/800, 800/850, etc. Nice finish to the day!
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Mav
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Post by Mav on Dec 17, 2012 13:03:10 GMT -8
And AAPL did show some power end of day, so I bought in some. Heaven help me. (Well, I'm planning on throwing in a stop/limit, so hopefully that will too.)
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Post by artman1033 on Dec 17, 2012 13:12:30 GMT -8
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Post by Deleted on Dec 17, 2012 13:13:11 GMT -8
Average daily trading volume for the past 12 quarters has been 18,800,00. During that period, by my metrics, Apple missed its numbers 7 of 12 quarters. In the 7 quarters Apple missed earnings average daily volume was 16,500,000. In the other 5 quarters (made numbers) average daily volume was 21,200,000 shares. Greg, is this the avg. daily volume during the quarter after or before they missed/beat their internal numbers? It is the average from Oct 20 2009 through last Friday inclusive.
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Post by appledoc on Dec 17, 2012 13:13:52 GMT -8
So my fortune cookie yesterday was right?
"Your luck will completely change today."
I think this was the most encouraging day we've had in awhile. More so than the last two capitulations. We came down, broke through the November lows, quickly recovered them without a breach of 500, and bulled our way through the early HOD to close within pennies of the final HOD. I think this is going to be one of those weeks. I'm planning on jumping back in again tomorrow.
Just please no gap ups. We could all do without those pesky annoyances.
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Post by terps530 on Dec 17, 2012 13:16:38 GMT -8
yummy in my tummy! i like a strong close and feel good about this one, but just remember last week monday/tuesday was a bit of a fakeout as well.
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Mav
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Post by Mav on Dec 17, 2012 13:17:10 GMT -8
I'll sell any gap up, that's for sure. But what's the rulebook say when there's a gap up within a gap? I'm not sure if AAPL broke 500 intraday. Google says no, Yahoo says yes. EDIT: Currently, 501.23 is reported as the intraday low.
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Post by fas550 on Dec 17, 2012 13:17:48 GMT -8
Ah good point and thanks for reminding me.
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Post by Deleted on Dec 17, 2012 13:22:05 GMT -8
Option traders help me out here. I have some Jan 2014 calls 800s. The OI has doubled (like 10K to 20K) since 1 Oct with a major jump on 22 and 23 Oct. I do know what OI is but I am a little surprised that during this huge drop the OI has doubled. Any thoughts on that kind of jump? Rollovers? Since Sept 21 Open Interest has increased by 47%, with Calls leading Puts by a factor of 14:1. For the past 24 trading days the P/C Ratio has held steady between .65:1 and .68:1. The two year low P/C ratio is .62:1. I see this as long term very bullish. You should consider the doubling of Open Interest in your JAN 2014 $800 Calls as a very good sign.
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Post by Big Al on Dec 17, 2012 13:23:21 GMT -8
Greg, is this the avg. daily volume during the quarter after or before they missed/beat their internal numbers? It is the average from Oct 20 2009 through last Friday inclusive. Sorry, for not having been clear enough. Do we see the high volume during the quarter before or after AAPL reports its numbers. So let's assume that we are currently having a quarter with quite some high volume. Does this imply that AAPL made its numbers when it reported in October, or does this imply that AAPL is making its numbers in the January earnings?
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Post by Deleted on Dec 17, 2012 13:25:13 GMT -8
yummy in my tummy! i like a strong close and feel good about this one, but just remember last week monday/tuesday was a bit of a fakeout as well. But last week didn't have China iPhone 5 launch data, and some very good analysis comparing last year's results with what we know about this year (all coming out today).
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Post by appledoc on Dec 17, 2012 13:28:23 GMT -8
I'll sell any gap up, that's for sure. But what's the rulebook say when there's a gap up within a gap? I'm not sure if AAPL broke 500 intraday. Google says no, Yahoo says yes. EDIT: Currently, 501.23 is reported as the intraday low. It did not. Only in PM. I think not going back to the sub-500s intraday was a positive. I fully expected to go back after seeing the PM tape.
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Mav
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Post by Mav on Dec 17, 2012 13:36:03 GMT -8
Yahoo reported 499 (for a little while, now corrected) but the Google Finance candlestick chart didn't show it. PM is whatever in terms of price, and agreed that AAPL holding 500 intraday was constructive. Apple's press release balanced out the Citi garbage quite well (with an assist from Morgan Stanley's Huberty).
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Post by terps530 on Dec 17, 2012 13:41:32 GMT -8
yummy in my tummy! i like a strong close and feel good about this one, but just remember last week monday/tuesday was a bit of a fakeout as well. But last week didn't have China iPhone 5 launch data, and some very good analysis comparing last year's results with what we know about this year (all coming out today). I totally agree, but I'm just trying to out-psych myself from the feeling that we are over with the nonsense
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Post by Red Shirted Ensign on Dec 17, 2012 13:43:29 GMT -8
Yahoo reported 499 (for a little while, now corrected) but the Google Finance candlestick chart didn't show it. PM is whatever in terms of price, and agreed that AAPL holding 500 intraday was constructive. Apple's press release balanced out the Citi garbage quite well (with an assist from Morgan Stanley's Huberty). I never thought Katy would be on my list of favorite ladies (right between Seven of Nine and Madeline Albright) ::)but there she is....she has been right more often than not in the past year. Hope she is right now.
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Post by Deleted on Dec 17, 2012 14:13:51 GMT -8
AAPL up <$9.00 for the day on volume of 27,000,000 shares (15% above quarter average). AH up another $1.00 on good volume. We may be receiving an early Christmas gift.
I continue to hold 270 JAN 2013 $655/$675 Bull Call Spreads.
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Mav
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Post by Mav on Dec 17, 2012 14:21:15 GMT -8
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Post by lovemyipad on Dec 17, 2012 14:22:31 GMT -8
PM is insane. I don't know what to think. We need 515...and then probably 522 or 523. (If I remember correctly) There was also a 493ish level where we had a 61.8 retracement from 705 where we could have a nice bounce from .... if this all sounds whip-sawish...guess it is. Guess we'll have to be vigilant today to see where it goes Phoebes, GOLD STAR!!!
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Post by lovemyipad on Dec 17, 2012 14:24:23 GMT -8
Wow our 10 day avg volume is now 27 mil. Anyone know the yearly or longer term average? I believe it's around 13 or 15 mil. The 10 day avg is virtually a capitulation indicator itself. Went on Yahoo pumped out a spreadsheet of historical data and ran it through Excel. Average volume for the past year is 18.5 mil. Nice number-crunching!!
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Mav
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Post by Mav on Dec 17, 2012 14:29:40 GMT -8
There's nothing wrong with trading volume with AAPL. Really, there never is. Just look at AMZN and GOOG.
AAPL is a popular stock to trade.
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mark
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Post by mark on Dec 17, 2012 14:31:01 GMT -8
power lunch has the citi guy on right now. i feel like they are kind of mocking him as to how its possible to change your outlook on the stock in 20 days. "Ahem (clears throat) ... well Scott, it's a little of both." He has no clue and is all over the place - it could be up - it could be down. All these guys should walk off their own (fiscal) cliff. WTF is the accountability on your calls? ?? Those buffoons at Citi do indeed have it both ways. They downgraded from buy to neutral AND they set a price target that was 13.4% higher (than at the time they published their downgrade)!!!
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Post by qualitywte on Dec 17, 2012 15:03:33 GMT -8
AAPL will be close to, if not the worst performing stock on S&P 500 out of all 500 companies by the end of this quarter (QTD) when it is Apple's best selling highest renvenue/highest profit quarter in history. Is there some reason you needed to remind us how miserable AAPL has been performing? I think we were aware of it.
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Post by mbeauch on Dec 17, 2012 15:15:43 GMT -8
Nice finish. I'm certainly no technical analyst but isn't that engulfing candle on the daily chart quite bullish? LOL, normally. Rob, that candle is a good one with a tail, but this market has taken giving false signals to a whole new level. As always, there needs to be follow through tomorrow. Not real happy with the 520 HOD. Don't like those round number pings.
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Post by bryanyc on Dec 17, 2012 15:40:44 GMT -8
Yahoo reported 499 (for a little while, now corrected) but the Google Finance candlestick chart didn't show it. PM is whatever in terms of price, and agreed that AAPL holding 500 intraday was constructive. Apple's press release balanced out the Citi garbage quite well (with an assist from Morgan Stanley's Huberty). There was a 499 "fake" intraday tick on my Think or Swim chart just seconds before we left the 501.x territory. I see these occasionally both higher and lower. Don't know where there come from... Nice close, need to see follow through tomorrow, but we *may* have just made a double bottom. Course I kinda thought 620 was a bottom so......
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Post by mbeauch on Dec 17, 2012 16:19:37 GMT -8
They are HFT quotes that are not intended to get filled. For some reason they get wiped clean.
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Post by lovemyipad on Dec 17, 2012 16:40:18 GMT -8
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Post by tuffett on Dec 17, 2012 16:54:36 GMT -8
AAPL will be close to, if not the worst performing stock on S&P 500 out of all 500 companies by the end of this quarter (QTD) when it is Apple's best selling highest renvenue/highest profit quarter in history. Is there some reason you needed to remind us how miserable AAPL has been performing? I think we were aware of it. It's an interesting stat and I'm glad he shared it. As an investor you shouldn't shut yourself away from anything that doesn't make you feel good.
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