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Post by plcm123 on Jan 2, 2020 13:26:09 GMT -8
If Apple beats the guidance in the next earning, I think we might see $325/share, fingers crossed.
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Post by artman1033 on Jan 2, 2020 13:26:42 GMT -8
AAPL ALL TIME HIGH!$300.60All Time Highest TODAY intraday 30,767,285
shares traded today AAPL ALL TIME HIGHEST CLOSE!$300.35aaplinvestors.net/stats/rank/AAPL market CAP. +1.335 TRILLION AAPL ALL TIME HIGH market CAP. +1.335 TRILLION TODAY +$1.335 TRILLION
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Post by archibaldtuttle on Jan 2, 2020 14:45:42 GMT -8
I sold more than half my positions. It's been a great year and I'm very satisfied with my fantastic LT cap gains (been trading LEAPs exclusively) and waiting until next year to pay taxes on them.
Still holding about 1/3 of my positions... could go higher from here but I've generally found that when AAPL goes over 80 RSI on the daily it's smarter to cut back on positions and look for a better entry point.
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ono
Member
compensation
Posts: 537
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Post by ono on Jan 2, 2020 15:29:12 GMT -8
... could go higher from here but I've generally found that when AAPL goes over 80 RSI on the daily it's smarter to cut back on positions and look for a better entry point. Can you share some more on this RSI thesis, and triggers? I believe you have in the past, and was interesting. Seems actionable.
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Post by carbonate24 on Jan 2, 2020 15:59:07 GMT -8
I sold more than half my positions. It's been a great year and I'm very satisfied with my fantastic LT cap gains (been trading LEAPs exclusively) and waiting until next year to pay taxes on them. Still holding about 1/3 of my positions... could go higher from here but I've generally found that when AAPL goes over 80 RSI on the daily it's smarter to cut back on positions and look for a better entry point. About the same here. I wanted to hit sell near $290, but held until today to defer taxes. Still holding my full stock position but got rid of most LEAPS. Will reload when the RSI settles down, although I have no idea when this freight train will take a breather.
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benoir
fire starter
*
Posts: 1,318
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Post by benoir on Jan 2, 2020 16:18:19 GMT -8
$300 or $2100 in the old language or $4200 in the even older language. $16,800 in really old language I can only speak in the ‘even older’ language of circa 2000
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Post by archibaldtuttle on Jan 2, 2020 16:21:49 GMT -8
... could go higher from here but I've generally found that when AAPL goes over 80 RSI on the daily it's smarter to cut back on positions and look for a better entry point. Can you share some more on this RSI thesis, and triggers? I believe you have in the past, and was interesting. Seems actionable. I'm an amateur, been trading AAPL since 2000 but your mileage may vary. After experiencing huge swings with shorter term options I decided to go all longer-dated LEAPS. For example, right now I'd be looking at the June 2021 or 2022s. I plan to sell at least 6 months before the options expire. This gives me the opportunity to weather downturns without the expiration time pressure forcing me to sell when I don't want to. (I don't like spreads for that reason. Some people use spreads to lower risk, but I've found that spreads sometimes encourage me to hold the position until expiration to capture the full value... but then an unexpected downturn close to expiration can wipe you out.) Longer dated options also allow me to turn most or all of my gains into LT capital gains. Now, when to buy and sell? We all want to buy low and sell high, but how do you know when this is? You don't exactly, you can never know. But as a general rule, the market sentiment, especially in AAPL, turns hot and cold. There are times when everyone is telling their relatives to buy AAPL, the market is finally catching on, it's going to go up and up from here. That's when you want to sell. Or at least avoid the temptation to buy more. And those times when every pundit and news story is telling you that Tim Cook is screwing up, Apple has no new products coming out, they're doomed, and you feel sick waking up in the morning to look at the stock price... that's when you want to buy. RSI is simply a measure of how quickly the stock has gone up or gone down, so for me it's been a good objective shorthand for sentiment. I've noticed that buying at RSI 30, which happens once or twice a year, I've never gone wrong. But it rarely gets that low. Nibbling at RSI 50 is decent. Selling is harder, because AAPL can go up and be "overbought" on the RSI, but then a small period or consolidation or retracement can reset the RSI enough before it goes higher still. That might happen now. Still, I feel pretty good about where I sold today. I'm guessing I'll have another opportunity to buy lower than 300 in the next 6 months or so.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 2, 2020 19:05:33 GMT -8
Futures red from a dead Iranian general (good riddance). Buying opportunity. 📉📈. BTFD!
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jan 2, 2020 22:36:03 GMT -8
Nice Archi!
That’s pretty much how I feel, that the rsi might not be perfect, but it does give actionable values good for the short to mid term. And my observations match yours on the targets for AAPL rsi.
Things are getting a little top heavy, like the waves in pacifica today. When a nbc camera crew is there taking video, you know it’s a little above average. And I hear surfers we’re doing there thing at Mavericks, even without the full competition.
I’m not looking for any huge portfolio changes, but may consider writing some covered calls and even selling a small bit of shares in the coming weeks before earnings. At some point AAPL will get ahead of itself, but it is good to see the train plowing forward. Like the big snow plow train hitting the tracks near truckee in recent big winters, it’s a rare sight to see, but amazing to watch the powerful beast plod forward.
Nice move AAPL! Woot woot!
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