Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 26, 2018 3:17:38 GMT -8
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Post by gtrplyr on Dec 26, 2018 5:53:19 GMT -8
Just looking over the daily closing prices on this forum .... depressing to say the least. I sure hope we have some buyers coming in.
Every Christmas I remember seeing some activation numbers or at the very least something about how Apple products were the most popular gifts ... so far I’ve seen nothing like that, hopefully something will get posted soon as we could really use some good news.
From what I can see and what I was told at the Apple store AirPods were the big hit, fairly inexpensive product but I’m sure the margins are quite good.
Cheers to the longs
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Dec 26, 2018 6:30:35 GMT -8
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Post by gtrplyr on Dec 26, 2018 8:25:36 GMT -8
Just liquidated TSLA in my IRA and bought a bunch of AAPL ... maybe I'm early ... I don't care.
BTW Chinacat, thanks for posting that article "Look who's buying Apple" ... for those that haven't clicked it yet, you should.
IF AAPL is not a screaming buy here I don't know what would be ... once again I'm probably early on my buy as usual but ultimately a few bucks makes no difference.
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Post by sponge on Dec 26, 2018 9:38:54 GMT -8
Good time to buy.
Word of caution that we are close to being at the top of selling on strength along with the SPY.
This maybe a temporary bounce.
We will know in about 2 hours how we hold up.
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Post by mrentropy on Dec 26, 2018 12:09:19 GMT -8
Just liquidated TSLA in my IRA and bought a bunch of AAPL ... maybe I'm early ... I don't care. BTW Chinacat, thanks for posting that article "Look who's buying Apple" ... for those that haven't clicked it yet, you should. IF AAPL is not a screaming buy here I don't know what would be ... once again I'm probably early on my buy as usual but ultimately a few bucks makes no difference. I would agree with that TSLA vs AAPL thesis going forward, especially in a rising interest rate possibly recessionary environment. I’ve been short TSLA via longer dated put spreads through the second half of the year, usually adding a little on bounces. The last little surge put it mostly underwater, but I bought some 380-370 spreads at that point. I sold half of the January ones on Christmas Eve for a 100% profit. About half my spreads are in the money, half underwater with today’s bounce. I think the mid term picture for Tesla is challenging and I’m trying my hand at profiting off of it. My remaining spreads expire in March and June, I feel pretty confident in that time frame. I haven’t added to AAPL as I need some cash for a major home renovation. I wish I had sold more before earnings. I sort of listened to the adage of sell before you need the money, just not enough. At least I acted this time. Best of luck with your trade, I hope you profit handsomely.
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Post by dmiller on Dec 26, 2018 12:49:31 GMT -8
Ummmmm WHAT?
I don't look all day, and then, ... ?
Well ok then, but still.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 26, 2018 13:00:55 GMT -8
Nice close. Can we get a wow?
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Post by gtrplyr on Dec 26, 2018 13:04:22 GMT -8
I think a "huh?" is more appropriate ... this makes absolutely NO sense. NOTHING changed in terms of the macro picture or fundamentals .....
This is the kind of thing that makes the average person scared of putting a dime in the market ...
Obviously I'm thrilled with today but looking at the last two months I'm still pissed .... I'll feel much better when we find out how many shares Apple repurchased.
Cheers to the longs
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 26, 2018 13:10:24 GMT -8
Nothing appears to have changed. This is typically a very slow week on Wall Street. Many fund managers are off and have already made their quarter end holdings adjustments. Low trading volumes can bring surprise movement. Also, if Apple is buying (one can hope) their daily market purchases are limited by a longer period average volume. On low volume days they can swamp the market.
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Post by rickag on Dec 26, 2018 13:14:22 GMT -8
Wasn’t watching the market, WTH?
4-5% up for the markets & 7% for AAPL.
Some big winners & losers today.
Irrational the Market is.
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Post by appledoc on Dec 26, 2018 13:25:54 GMT -8
What a day. Now to see what happens the rest of the week. Haven't had much follow through on big days like this lately.
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Post by nwjade on Dec 26, 2018 13:38:25 GMT -8
I think a "huh?" is more appropriate ... this makes absolutely NO sense. NOTHING changed in terms of the macro picture or fundamentals ..... This is the kind of thing that makes the average person scared of putting a dime in the market ... Obviously I'm thrilled with today but looking at the last two months I'm still pissed .... I'll feel much better when we find out how many shares Apple repurchased. Cheers to the longs What's happened is related to what you referenced recently as a lack of leadership out of the administration. The market was extremely oversold and today got better tone regarding the fed chair's position is safe and softer comments to the effect he'll (Powell) get it eventually along with a feeling that the administration and the fed will both be more careful with their statements in the future. The view in general by the market seems to be shifting toward the fed will perhaps pause through the first half of next year, maybe not raise rates again at all and definitely say away from statements regarding the balance sheet reduction being on autopilot. The 'normal presidential' surprise visit to Iraq today also helped calm the market.
Hopefully we put in a bottom today and the rally will carry through tomorrow and into 2019.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Dec 26, 2018 15:13:03 GMT -8
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Post by rickag on Dec 26, 2018 17:40:55 GMT -8
I think a "huh?" is more appropriate ... this makes absolutely NO sense. NOTHING changed in terms of the macro picture or fundamentals ..... This is the kind of thing that makes the average person scared of putting a dime in the market ... Obviously I'm thrilled with today but looking at the last two months I'm still pissed .... I'll feel much better when we find out how many shares Apple repurchased. Cheers to the longs What's happened is related to what you referenced recently as a lack of leadership out of the administration. The market was extremely oversold and today got better tone regarding the fed chair's position is safe and softer comments to the effect he'll (Powell) get it eventually along with a feeling that the administration and the fed will both be more careful with their statements in the future. The view in general by the market seems to be shifting toward the fed will perhaps pause through the first half of next year, maybe not raise rates again at all and definitely say away from statements regarding the balance sheet reduction being on autopilot. The 'normal presidential' surprise visit to Iraq today also helped calm the market.
Hopefully we put in a bottom today and the rally will carry through tomorrow and into 2019. Or it could have something to do with retail sales for Dec. are up over last year. People with jobs and higher wages outspent last year online by 19%.. www.mediapost.com/publications/article/329787/online-holiday-sales-rise-by-183-through-decembe.html?edition=112247libn.com/2018/12/26/a-strong-economy-translates-into-big-sales-this-holiday/“Online retail bellwether Amazon reported on Monday that it notched a "record-breaking" holiday sales season, which pushed its stock up around 7 percent by Wednesday afternoon. ”
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