chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 1, 2019 5:37:28 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 1, 2019 6:20:32 GMT -8
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Post by sponge on Jul 1, 2019 6:50:38 GMT -8
Did not like how the stock acted this morning. Large gap up with quick drop front the high of the day. Volume is dropping as well.
Got out of my calls with some losses.
If we close below 202 then 205 may be the high for the week. I can see us reach that by Wed or Friday.
MACD is flattening and could negative in 7 days.
All signs do point to a nice move between August and Sept.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Jul 1, 2019 7:55:20 GMT -8
Did not like how the stock acted this morning. Large gap up with quick drop front the high of the day. Volume is dropping as well. Got out of my calls with some losses.If we close below 202 then 205 may be the high for the week. I can see us reach that by Wed or Friday. MACD is flattening and could negative in 7 days. All signs do point to a nice move between August and Sept. holy-moly sponge... how in the world do you manage to lose on the long side when AAPL is up 30 bucks in a month? i know you had some wins recently... congrats, i guess... though i still remember your bold prediction of 120-140 by june prediction from january-february when you loaded up on june 140 puts. 🙄
anyway, for your own sake, have you ever considered actually following your own signature... "Invest in Apple and give yourself an early retirement" ?? like, invest in aapl insteady of trying to trade it all the time?
i mean look at your current predictions... you're saying aapl will be flat here, then 'nice move'... up presumably? by september... but then somehow back to 120 in the next year... that's a pretty specific timeline! has it occurred to you there's an infinite amount of future trading paths for aapl in a given short-term/mid-term timeframe? 🤯
shorter way to say the same thing: no offense, but you're a shit trader... 💩😀 i think you would be a better investor... 👍 just sayin'. hugs either way 🤗
p.s. cheers to the longs! nice to reclaim $200... still no 'whee' from me until 210
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jul 1, 2019 9:08:58 GMT -8
PED’s “enough truth to be painful” quip I think is nonsense. I swear people that say these things based on scattered individual statements have never worked in business or don’t seem to understand human nature.
I would say the article is evidence of nothing other than the internal drama and tension of working on a team. Its a silly charge of a triumph of operations over design based on that. Without operations at scale design won’t matter in the end to Apple. Sensible people get the team rivalries and toy with it to reduce tension. A tech writer acquaintance of mine used to talk about “engineer types” playfully to to their faces and it was hilarious to everyone. A couple months ago in a forum I was elaborating on strengths of professional groups and made what I thought was an obvious comical quip: “and as for those we call bean counters, we all know they’re good for nothing”. A guy commenting in the thread was a retired accountant and took extreme offense, even though I explained it was purely a joke, and has never spoken to me since. Some people can only take things literally and/or personally.
No, I think PED is off here. A collection of possibly accurate quotes in the context of collaborative business do not a sound narrative make, nor even one signifying painful truths. How silly that any of this means anything not knowing details such as whether or not Ive was always late to meetings. I think it’s pretty clear by now some Apple oriented pundits feel some pressure not to appear a shill for Apple. There is plenty of room for criticism of management and products, but some of these rumor type things should be seen for what they are in a fully balanced way. Neil Cybart called this piece the “Apple is imploding” piece. That’s what it is, and it’s journalistically amateurish.
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Deleted
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Post by Deleted on Jul 1, 2019 10:21:03 GMT -8
Ive’s departure is a dog whistle for all those in thrall to the romantic cult of the genius. I see the WSJ piece as “well we were wrong Apple would implode after Jobs because Ive was the other genius. Now they’re screwed since their last genius left”. Management changes are causes for concern, since transitions can have negative consequences. But the old quip that amateurs talk strategy while pros talk logistics is apt. Jobs himself thought that was all nonsense.
Jobs was a visionary, but it’s as much rigorous thinking and pragmatism as anything. He was no mystic whatever. It’s also naive to assume Ive wouldn’t be starting his own company if Jobs we’re still CEO. The liberal arts aren’t mysticism. Resorting to mysticism about a company is a clear sign that investors don’t understand it. I’ve been amazed recently by how mystical investors have become about the moat of a certain company I’ve been following. Not a good sign. People that don’t understand why s company became successful aren’t the ones who can tell us if it’s success is threatened.
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Post by sponge on Jul 1, 2019 11:50:50 GMT -8
The reason I lost some money is because I bought calls that expire this week. They were bought on Thursday and the sell off on Friday took most of the value out of them.
It is always a gamble when playing with options that have short time frame. I have been lucky with some 900% gains between 170-196. Despite chart reading I still call it luck. That is why I don’t spend that money at all. But it is all play money at this point.
Getting out early this morning is paying off and got back in at midpoint of the day with a very small position. Should make 30-100% by tomorrow morning
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Post by BillH on Jul 1, 2019 11:53:35 GMT -8
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Post by sponge on Jul 1, 2019 12:40:27 GMT -8
Another interesting data point is that money flow has been negative since 6/20. If this continues, I expect us to revisit the 200 MA.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 1, 2019 13:19:28 GMT -8
Highest close since May 8 ($202.90)
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Deleted
Deleted Member
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Post by Deleted on Jul 1, 2019 19:01:02 GMT -8
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Deleted
Deleted Member
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Post by Deleted on Jul 2, 2019 12:49:07 GMT -8
Gruber’s discussion with Ben Thompson is awesome, as I thought it would be. Anyone wanting to understand Apple should listen to it. It was a little surreal listening to it on my iPhone on vacation in Amish country in a flea market on free WiFi.
The WSJ is hopeless as a source of Apple analysis. As far as that it’s total amateur hour. It’s sad how they and Forbes have became known for fake Apple news. Great for the AAPL longs though.
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Deleted
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Post by Deleted on Jul 2, 2019 15:16:11 GMT -8
I didn’t realize until just now that Cook responded to the WSJ piece. I think that’s a mistake. He just elevates rumors and innuendo. And the can then say, as they did, “he didn’t refute everything and we stand by our story”. Arg. I thought he knew better than that.
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