chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 29, 2019 5:53:58 GMT -8
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Post by PikesPique on Oct 29, 2019 6:00:38 GMT -8
Thanks to Mav for another great "for entertainment purposes only " AAPL earnings preview - his 25th!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 29, 2019 6:14:38 GMT -8
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Post by rmhe1999 on Oct 29, 2019 7:13:59 GMT -8
Lol, what did our results leak a day early? I suspect folks are just lightening up ahead of the big run we had leading up to earnings tomorrow.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Oct 29, 2019 7:16:50 GMT -8
Ouch!
It's tough watching the short term too much, and starting to get too hyped up. While my plan was to sell off a little bit more pre-earnings, I was starting to get swayed by the 20% a year idea, that unlike the past few years AAPL would just start climbing largely and steadily, getting up to that MSFT multiple. Because why not?
FWIW, one option is options. Taking a quick look yesterday, a Jan 2021 call at 280 was around $15, and 300 a touch over $10. Selling covered calls, that would be aiming at a total return in a little under 15 months capped at a 15-20% annualized rate, while getting a decent chunk of change upfront, worth something around 3-4 times the dividend. It's a possibility, if mainly planning on holding at these levels, but open to the possibility of selling at a higher price. You'd miss out if AAPL suddenly went hugely vertical, and you'd still have a paper hit if the stock fell, unless you used the cash to buy protection.
Anyways, just a thought, 20 hours later, on a day with AAPL down nearly $5 (though RSI dropped to 68, and P/E back to sub-21).
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Post by gtrplyr on Oct 29, 2019 7:19:35 GMT -8
Lol, what did our results leak a day early? I suspect folks are just lightening up ahead of the big run we had leading up to earnings tomorrow. Just a bunch of stock gurus who have figured it all out (Note sarcasm) .... meanwhile us longs have done pretty well! I could care less about what happens after earnings ..... if it tanks it will be back in a few weeks/months .... I'm not selling a single share. Cheers to the longs ...
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Oct 29, 2019 7:31:38 GMT -8
Lol, what did our results leak a day early? I suspect folks are just lightening up ahead of the big run we had leading up to earnings tomorrow. i had a limit sell order ahead of the open, which thankfully executed on that first tiny shot up above $249 (fin sites report $249.75 high print, but it was more like $249.50)... i got lucky, but luck favors the prepared 😇
this one followed several other trims over the past 2 weeks of new highs...
i would def. not complain if AAPL beats and goes to 255 or higher after earnings, but i'm prepared for it to revisit 225 too glta... 🤞 trade 'em well
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 29, 2019 7:43:30 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 29, 2019 9:37:26 GMT -8
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JDSoCal
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Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Oct 29, 2019 10:37:21 GMT -8
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Oct 29, 2019 11:00:03 GMT -8
BlueHerring used to say that to get volume up, sometimes the price had to go down. Thus if a big player wanted to buy, the price would go down instead of up. It seems counterintuitive, and could very well be one of those conspiracy theory type things. OTOH, volume averaged to about 17M a day last week, with ~22M yesterday, but 26M so far today, and a 30 day average of 28.5M. With the RSI so high on a speculation of great earnings/guidance, and no actual news until after trading on Wednesday, it was ripe for a fall, which does tend to kick up volume. It's not all bad. AAPL tends to do better post-earnings on good news if it's not already at the top. IMO it's more likely to hit something like $255 late this week or early next if decent earnings/guidance come out if it's backed off a little, than if it was still pushing ATH boundaries all the way into earnings. To Infinity, or at least $255, and Beyond!
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Post by artman1033 on Oct 29, 2019 13:07:20 GMT -8
AAPL ALL TIME HIGH! $249.75 All Time Highest TODAY intraday
updated at the close.......
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Oct 29, 2019 14:43:16 GMT -8
How convenient. I think this is called fake news.
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Mav
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[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
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Post by Mav on Oct 29, 2019 17:58:35 GMT -8
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