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Post by sponge on Jul 31, 2019 19:35:16 GMT -8
Here is my latest take on aapl. I think moving forward we will trade with the market. Case and point today. We went from 221 to 211 because the market dropped. So I don’t think earnings or guidance will save the stock. It will depend on China and more economic news.
So if we don’t retake 215 tomorrow and hold it, I think we will end red. That would be very bad no matter what number we end up with. There are signs the stock wants to end Friday around 207. Will watch OI tomorrow morning to see if that truly is the direction.
Now no matter how low we go, the fact that we hit 221 today signals we will revisit that number after any sell off.
After looking at the SPY and QQQ, we hit lows not seen for a month. Both MACD are turning bearish, and if we go below today’s lows the selling will speed up Friday and Monday. SPY puts at 280 keep growing for August. We are no longer moving towards ATH.
Tomorrow will be a key day that will determine direction of the markets for the coming weeks.
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Post by artman1033 on Jul 31, 2019 19:52:14 GMT -8
4,745,398,000 shares of common stock were issued and outstanding as of October 26, 2018. here
84,528,000 share reduction 4,715,280,000 shares of common stock, par value $0.00001 per share, issued and outstanding as of January 18, 2019 here30,118,000 share reduction 4,601,075,000 shares of common stock, par value $0.00001 per share, issued and outstanding as of April 22, 2019 here114,205,000 share reduction 4,519,180,000 shares of common stock were issued and outstanding as of July 19, 2019. HERE81,895,000 share reduction AS ALWAYS, PLEASE CHECK MY MATH
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jul 31, 2019 19:59:31 GMT -8
Earnings time is always interesting. Suddenly there's more info on the table, and instead of trying to be a day or week in front of people's choices, it's minutes or seconds. Go with MoMo, pumping up volume by buying at $217 after the stock just rose, in hopes of selling to someone else for more.
Or instead, take advantage of the souped up volatility and write some options. 2% a week on an annualized basis works out to a cool 180% rate. Not bad.
The stock will move around a bit this week. Then maybe there will be a quite week or two. But shortly thereafter, the rumors start taking hold more, with people trying to take advantage of those rumors. And then announcement of the announcement, followed by the announcement, then preorders, and then shipment of the new iPhones. Add in some other odds and ends, like iOS and OS updates, and potential other products, and you get a pretty busy and exciting quarter even if the sales of new stuff mostly don't make it into this quarter.
It's not an exact science, and things can tip it. But human nature and forward thinking investors are likely to keep things moving positively, and thus often July is the or towards the low of the year instead.
We'll see. Bring on the $199 BTFD, if it must. But that might be the level that gets me to trade in some shares for some options, opportunistically.
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