Since84
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To infinity and beyond!
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Post by Since84 on Dec 14, 2018 3:09:04 GMT -8
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Post by carbonate24 on Dec 14, 2018 5:56:16 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 14, 2018 7:12:48 GMT -8
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Post by CdnPhoto on Dec 14, 2018 7:22:13 GMT -8
Excuse me while I vent a little. Johnson and Johnson's (JNJ) just came out saying they knew for decades that their baby powder had ASBESTOS in it. At the moment, they're down a little more than 6%. JNJ has a PE of >250. WTF?? Even Netflix is "only" 97. We know our fruit company is much lower than that. I don't see how a company like JNJ (even before this came out) could have such a high PE. /Rant
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Post by dreamRaj on Dec 14, 2018 7:31:28 GMT -8
There's hardly been a day in the past month and a half which had no negative news about Apple.
One motive by the big guys could be to kill the Jan 175 calls which is the major OpEx coming up.
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Since84
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To infinity and beyond!
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Post by Since84 on Dec 14, 2018 7:53:31 GMT -8
Persistent negative news, especially that repeating the same points, is an attempt to herd a stock where 'they' want it to be. Get out of the way.
Like Elon, I have little respect for the SEC.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 14, 2018 8:20:56 GMT -8
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Post by sponge on Dec 14, 2018 8:24:21 GMT -8
We are hovering around 33 RSI. We had dropped down to 22 back in Feb.
My optimistic view of seeing 195 by end of Dec is no longer valid. I am now hoping for 179.
The move from 163 quickly faded which leaves us very vulnerable for further downside.
All indications point to a flash crash down to below 150 if one looks at S&P and Aapl OI in puts for Jan.
Feb and March calls seem to indicate 180-185 tops. We should touch the 200MA by then The damage this correction has done will take at least 12 months to recover from. After Jan earnings we will see more price adjustments from those with 225 targets.
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Post by incorrigible on Dec 14, 2018 8:33:38 GMT -8
Excuse me while I vent a little. Johnson and Johnson's (JNJ) just came out saying they knew for decades that their baby powder had ASBESTOS in it. At the moment, they're down a little more than 6%. JNJ has a PE of >250. WTF?? Even Netflix is "only" 97. We know our fruit company is much lower than that. I don't see how a company like JNJ (even before this came out) could have such a high PE. /Rant That high P/E on JNJ is due to a adjustment from the changes in the tax law adversely effecting trailing P/E. Blended P/E is around 18 (lower now due to today's selloff). There is evidence that JNJ talc *may* have contained trace amounts of asbestos. Far different the *did*. No one has ever found it in an actual sample of JNJ baby powder. This particular discussion if far to involved for a blurb in a forum post. Do some research if you want the details.
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Post by incorrigible on Dec 14, 2018 8:36:54 GMT -8
I hope everyone has a shopping list of stocks to take advantage of the discounts being offered now on numerous quality companies. I'm swooping up bargains as fast as my dividends roll in.
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Post by gtrplyr on Dec 14, 2018 8:46:29 GMT -8
I hope everyone has a shopping list of stocks to take advantage of the discounts being offered now on numerous quality companies. I'm swooping up bargains as fast as my dividends roll in. Wish I had some dry powder ..... if I did my list would be pretty short ... AAPL Done. Cheers to the longs ....
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Post by hledgard on Dec 14, 2018 9:45:58 GMT -8
If apple meets its guidance, I would expect a good bounce back.
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Since84
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To infinity and beyond!
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Post by Since84 on Dec 14, 2018 10:04:34 GMT -8
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Post by archibaldtuttle on Dec 14, 2018 11:46:35 GMT -8
Analyzing the technical candlestick patterns a little bit, it seems like we’ve entered a fully formed poopy pattern, with continued possibility of more U-G-L-Y ahead.
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Post by incorrigible on Dec 14, 2018 11:57:16 GMT -8
... a fully formed poopy pattern... LOL @ technical jargon.
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Since84
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To infinity and beyond!
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Post by Since84 on Dec 14, 2018 12:16:09 GMT -8
A late afternoon rally would be nice...
Where's Santa when you need him?
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ems
Member
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Post by ems on Dec 14, 2018 12:23:27 GMT -8
not that I Like the lows, but I am hoping that it's still reasonably on sale when I can put another years worth of funds ($5500) into my ROTH IRA and spend it on AAPL shares for 2019.
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Since84
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To infinity and beyond!
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Post by Since84 on Dec 14, 2018 12:34:33 GMT -8
OK, I will admit that I'd like to roll into the New Year near the current lows for tax reasons.
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Deleted
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Post by Deleted on Dec 14, 2018 14:13:16 GMT -8
not that I Like the lows, but I am hoping that it's still reasonably on sale when I can put another years worth of funds ($5500) into my ROTH IRA and spend it on AAPL shares for 2019. Yes! But for 2019 it's $7k per person if over 50, so I'm primed to put in 14k between my wife and I.
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Deleted
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Post by Deleted on Dec 14, 2018 14:17:39 GMT -8
I guess I'll find out by experimentation what is a 'quick reply' by posting a great quote I just ran across via abnormal returns email list. "There’s no harm in consuming market narratives as long as we remember that most of them fall into the category of interesting, but not actionable." mullooly.net/the-rashomon-effect-what-to-do-with-narratives/13898Edit: I guess a quick reply is to the thread; to no one in particular, which is what I wanted.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Dec 14, 2018 14:31:01 GMT -8
I guess I'll find out by experimentation what is a 'quick reply' by posting a great quote I just ran across via abnormal returns email list. "There’s no harm in consuming market narratives as long as we remember that most of them fall into the category of interesting, but not actionable." mullooly.net/the-rashomon-effect-what-to-do-with-narratives/13898Edit: I guess a quick reply is to the thread; to no one in particular, which is what I wanted. Like they say in the Nuclear Industry... "Don't let Jane Fonda pull down your Plants."
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Deleted
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Post by Deleted on Dec 14, 2018 15:07:56 GMT -8
Some think MS may yet bite the bullet and go unix for desktop as did Apple. www.zdnet.com/article/ms-linux-lindows-could-microsoft-release-a-desktop-linux/If so I think it would be very, very messy and difficult at this point, and success isn't at all guaranteed, though I think they will have to in the end. Many seem to think the cloud is the end of history that ends the OS wars, but I think unix is that end. MS is enjoying a massive wave of optimism now, but I'm doubtful it can continue to reinvent the wheel and still be competitive with those without the baggage of a monolithic OS. Even if, as many think, the OS doesn't matter anymore there's even less reason to keep doing it so I don't see how the cloud solves anything about this for them, even if it creates problems for their competitors. For all the talk about their supposed diversification, they couldn't lose one of two major cash cows without a rewrite of the current narrative about them.
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Post by nwjade on Dec 14, 2018 15:18:15 GMT -8
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4aapl
Moderator
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Post by 4aapl on Dec 14, 2018 22:07:40 GMT -8
Edit: I guess a quick reply is to the thread; to no one in particular, which is what I wanted. It also doesn't give you all the mark-up choices like BOLD and italics (colored too), the link tag, or various other markup tags. Not a big deal, and I sometimes prefer showing the whole URL on links anyway. And if you start typing in "quick reply" and then decide you want some of the markup choices, you can click the reply button. (I happened to do that this week for the first time) For those still up, Costco is starting to have Macs (sounds like that is new, though they've had various other Apple products). It looks like generally they are $50 off, though the MacBook Air has a special $150 off that, through tonight. Delivery is the week of the 26th, so maybe their agreement was no deliveries in time for xmas at that reduced rate. We went ahead and bought one, though the advertised Costco Citibank card is annoying that it happily approved us, but then didn't let us use it to buy the Mac. Oh well, always a reminder, in various things in life, that not everyone streamlines things as much as Apple would (though I bet in this case, that Amazon would have made it work too). Woo Woo! Now we'll have a system to run Turbo Tax 2018. As Mater would say, "Life doesn't get much better than that". At least at the moment, until AAPL ticks up a bit.
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