chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 1, 2019 5:22:44 GMT -8
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Post by sponge on Aug 1, 2019 6:14:30 GMT -8
So far the market is holding up. It is still early but based on volume there is enough strength to hold us above 215.
We will see where we are in three hours.
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Post by sponge on Aug 1, 2019 7:16:01 GMT -8
The market not only kept from going down but went up like a rocket. SPY and QQQ are now above the 5 day MA. A very bullish sign
The baton now got passed to Friday and Monday. We are still bearish on the SPY. On the MACD.
Aapl MACD is building momentum to the bullish side so we may be revisiting 221 in the next two days. RSI at 72
Still in cash
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Post by Luckychoices on Aug 1, 2019 7:34:32 GMT -8
The market not only kept from going down but went up like a rocket. SPY and QQQ are now above the 5 day MA. A very bullish signThe baton now got passed to Friday and Monday. We are still bearish on the SPY. On the MACD. Aapl MACD is building momentum to the bullish side so we may be revisiting 221 in the next two days. RSI at 72 Still in cash Still in AAPL.
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Post by sponge on Aug 1, 2019 8:21:01 GMT -8
Many here are and it is still a good investment for the next 20 years.
Short term there are clouds gathering as a storm is building.
Money flow continues to go down relative to 6/20. It is worth noting that in Oct last year when we hit 233 the MFI was at 45 after hitting an extreme high of 85 a month prior. That tells me smart money got out at 229.
So did smart money get out at 200 and left 8% on the table?
On a shorter time frame money was coming out of Apple all day yesterday and today we are at 93 which is very high.
Those price targets are getting lots of retail investors to jump in, but the big boys are selling more then they are buying.
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Post by gtrplyr on Aug 1, 2019 8:27:06 GMT -8
Sorry Sponge but trying to follow all of your predictions, many of which seem to contradict each other, is tiring.
I honestly have no idea where you stand on the stock .... I'm with the crowd that understands that I'm not smart enough to figure this out BUT I'm wise enough to realize that and stay long.
Apple has: great products that people want, a very loyal customer base, incredible profit margins, tons of cash on hand and a fantastic management team .... that's all I need to know.
Good luck with your squiggly lines and charts.
Cheers to the longs.
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Post by sponge on Aug 1, 2019 9:15:42 GMT -8
I five years had you bought at the high of 133 you would be up 65%
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Aug 1, 2019 9:22:21 GMT -8
Just a reminder. There’s a gap to be filled from Tuesday at $208.xx. 🤔
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Post by rmhe1999 on Aug 1, 2019 9:42:32 GMT -8
Trump strikes again! ! !
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Post by dreamRaj on Aug 1, 2019 9:46:08 GMT -8
It almost seems like Trump is specifically timing this to crush Apple's ER rise again.
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Post by gtrplyr on Aug 1, 2019 9:47:19 GMT -8
Don't worry ... remember: "Trade wars are easy to win"
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Post by joel90069 on Aug 1, 2019 9:50:30 GMT -8
That idiot needs to go.
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Post by sponge on Aug 1, 2019 9:57:52 GMT -8
Made a quick 400% in 10 min on a very small position. Will use funds to pay off debt.
Will go all in with puts tomorrow
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Post by gtrplyr on Aug 1, 2019 9:58:31 GMT -8
Thank goodness that Tim and Co. seemed to have successfully started to turn the narrative to services, just imagine where we would be right now if that wasn't the case.
Once again Tim proves Jobs made the right choice.
Cheers to the longs ....
I need a drink ....
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Post by macster on Aug 1, 2019 10:01:25 GMT -8
It was in the plan all along that additional tariffs will be enforced if China does not get inline like all other civilized nations give and take on trade relations. You were again reminded how important and necessary it is.
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Post by pauls on Aug 1, 2019 10:01:53 GMT -8
It’s amazing to me that there are Apple investors who disparage our CEO, arguably the most successful on several obvious metrics, while supporting the current president who routinely lobs Twitter grenades that send market makers scattering while we all look like idiots with unneeded haircuts. MAGA
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Post by macster on Aug 1, 2019 10:11:50 GMT -8
Never called for Tim’s removal. Just pissed at his unnecessary activist wrongdoings.
As he said he was going to do if talks don’t get results... Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing. More recently, China agreed to buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%. We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!
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Post by elmar on Aug 1, 2019 10:13:02 GMT -8
Just a reminder. There’s a gap to be filled from Tuesday at $208.xx. 🤔 The gap is filled, what‘s next?
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Post by sponge on Aug 1, 2019 10:15:57 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. Well my intuition was correct last night. Major head fake this morning
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Post by pauls on Aug 1, 2019 10:24:00 GMT -8
Thankfully we all trust that Trump, his staff, and interesting gaggle of cronies are all above trading on an incoming tweet bomb. 😃 Crazy free money up for grabs. How the hell do you fight a trade war without Twitter?
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Aug 1, 2019 10:28:41 GMT -8
F*ck Trump and his MAFA (make apple f*cked again) actions.
that’s all.
p.s. trump lovers - it’s not just apple... entire market always drops when he tweets on china or imposes tariffs... look at cat stock today, which is a prime american industrial company! but yeah, they sell to china, it’s called trade... American farmers too... trump really does f*ck america good, but go ahead believe what you will
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Post by sponge on Aug 1, 2019 10:38:24 GMT -8
Why all the tears. BYFD is the motto here.
This selloff should not matter to those who hold the stock
Buy and hold thru the storms.
I think I can make more by jumping in and out
Side note. If you hate Trump mentally prepare to see him until 2024.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Aug 1, 2019 10:58:11 GMT -8
Just a reminder. There’s a gap to be filled from Tuesday at $208.xx. 🤔 The gap is filled, what‘s next? I placed a stink bid for $200, but the market may be happy with just filling the gap. It’s anybody’s guess.
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Post by carbonate24 on Aug 1, 2019 11:01:10 GMT -8
While I can't stand the BS tweets, I was able to pick up a little more AAPL and AAPL Leaps, even though I missed the lows of the day by a couple of bucks.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Aug 1, 2019 11:19:17 GMT -8
Question: Before Trump, did Apple’s stock price ever fluctuate dramatically?
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Post by sponge on Aug 1, 2019 11:20:28 GMT -8
Here is how TC answered questions about tariffs and manufacturing in China.
Wamsi Mohan -- Bank of America Merril Lynch -- Analyst
Yes. Thank you, Tim. The China trade situation remains sort of fluid over here and recently, more recently, you asked for some tariff exceptions, were not granted those. How are you thinking about the longer-term footprint for manufacturing? And can you talk about any potential alternatives that you looked at and considered in moving parts of production potentially out of China? And I have a follow-up.
Tim Cook -- Cheif Executive Officer
Yeah, I know there's been a lot of speculation around the topic of different moves and so forth. I wouldn't put a lot of stock into those if I were you. The way that I view this is the vast majority of our products are kind of made everywhere. There is a significant level of content in the United States, and a lot from Japan to Korea to China, and the European Union also contributes a fair amount. And so that's the nature of a global supply chain. I think, largely I think that will carry the day in the future as well. In terms of the exclusions, we've been making the Mac Pro in the US, and we want to continue doing that. And so we are working and investing currently in capacity to do so, because we want to continue to be here. And so that's what's behind the exclusions. And so, we're explaining that and hope for a positive outcome.
Two parts that stuck out to me. His first response that “ I would not put a lot of stock into those if I were you”. That was code word for we have no intention of getting out of China with manufacturing. I am much too comfortable in keeping our bosses there fat and happy.
His second response “ I think, largely I think that will carry the day in the future as well” He was deflecting that by doing some manufacturing in other parts we are fine. No need to change what we are doing at all. Tariffs or no tariffs.
Why would the market drop the stock 5% in 30 min if they believe TC that everything is just fine? When the manufacturing genius puts all of his production of 70% of all of his products in the one country that can close its doors at anytime, the market sees that as a major risk. This was an issue before Trump.
I have been preaching this since Nov. Trade war can get much worse and China will fight back at some point.
Back in 2011 I was excited to hear that we were moving iPhone production to Mexico and Brazil. That never happened.
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Post by lulli on Aug 1, 2019 11:23:07 GMT -8
Even if you believe that they have a good strategy with trade, would you also believe that it is a good thing to choose to announce while the markets are open instead of waiting for market close as it is normally done?
(But on the other hand, it was good for my selfish me because it triggered my stops and put-buys intraday, which would not have happened with a normal announcement after hours - I wonder how many others profited from this. And also, in a darker way, I wonder about those "in the know" making money out of this. Given what is happening in general, it wouldn't surprise me in the least.)
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Post by therealmercel on Aug 1, 2019 11:24:15 GMT -8
Here is how TC answered questions about tariffs and manufacturing in China. Wamsi Mohan -- Bank of America Merril Lynch -- Analyst Yes. Thank you, Tim. The China trade situation remains sort of fluid over here and recently, more recently, you asked for some tariff exceptions, were not granted those. How are you thinking about the longer-term footprint for manufacturing? And can you talk about any potential alternatives that you looked at and considered in moving parts of production potentially out of China? And I have a follow-up. Tim Cook -- Cheif Executive Officer Yeah, I know there's been a lot of speculation around the topic of different moves and so forth. I wouldn't put a lot of stock into those if I were you. The way that I view this is the vast majority of our products are kind of made everywhere. There is a significant level of content in the United States, and a lot from Japan to Korea to China, and the European Union also contributes a fair amount. And so that's the nature of a global supply chain. I think, largely I think that will carry the day in the future as well. In terms of the exclusions, we've been making the Mac Pro in the US, and we want to continue doing that. And so we are working and investing currently in capacity to do so, because we want to continue to be here. And so that's what's behind the exclusions. And so, we're explaining that and hope for a positive outcome. Two parts that stuck out to me. His first response that “ I would not put a lot of stock into those if I were you”. That was code work we have not intention of getting out of China with manufacturing. His second response “ I think, largely I think that will carry the day in the future as well” He was deflecting that by doing some manufacturing in other parts we are fine. Hey, Sponge. More of this, please.
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Post by therealmercel on Aug 1, 2019 11:26:33 GMT -8
I BTFD. Shares and LEAPS, but I'd rather we were still at $220. If POTUS can STFU, we'll be the better (and richer) for it.
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Post by therealmercel on Aug 1, 2019 11:30:22 GMT -8
F*ck Trump and his MAFA (make apple f*cked again) actions. that’s all. p.s. trump lovers - it’s not just apple... entire market always drops when he tweets on china or imposes tariffs... look at cat stock today, which is a prime american industrial company! but yeah, they sell to china, it’s called trade... American farmers too... trump really does f*ck america good, but go ahead believe what you will Any odds that we learn later that Trump pals are shorting the market and a Tariff Tweet prints money for them? Given his history, you're naive if you dismiss the possibility.
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