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Post by phoebear611 on Apr 1, 2013 3:24:40 GMT -8
April Fool's Day... can't even entertain what may be in store today. I guess we'll see soon enough. Also, I believe today is a European holiday and those markets are closed. If one of you knows please inform us. In PM we're pretty much unchanged. Would be nice to have a quiet sort of day so I can recuperate from entertaining so many people at yesterday's Easter dinner. I guess we'll see soon enough.
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Post by rob_london on Apr 1, 2013 3:37:06 GMT -8
April Fool's Day... can't even entertain what may be in store today. I guess we'll see soon enough. Also, I believe today is a European holiday and those markets are closed. If one of you knows please inform us. In PM we're pretty much unchanged. Would be nice to have a quiet sort of day so I can recuperate from entertaining so many people at yesterday's Easter dinner. I guess we'll see soon enough. Yes, most European markets are closed on Easter Monday.
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Post by osx10 on Apr 1, 2013 4:59:02 GMT -8
Several pieces of April Foolishness involving Apple floating around - Apple buying Netflix for 11.7B, Apple launching a transparent iphone 6 etc.
Maybe these pieces will trip the Algos for us to the positive.
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Post by rickag on Apr 1, 2013 5:10:38 GMT -8
Several pieces of April Foolishness involving Apple floating around - Apple buying Netflix for 11.7B, Apple launching a transparent iphone 6 etc. Maybe these pieces will trip the Algos for us to the positive. Along this vein - AAPL All time high AAPL All time high. AAPL All time high. AAPL All time high
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Post by appledoc on Apr 1, 2013 5:36:21 GMT -8
Trying to find a base at the daily SMA20 early on. Hope it holds.
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Post by terps530 on Apr 1, 2013 5:45:49 GMT -8
things are looking good here
april fools
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Post by appledoc on Apr 1, 2013 6:10:22 GMT -8
Needs to come back above 438 quickly.
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Post by Deleted on Apr 1, 2013 6:13:34 GMT -8
$433.49 Would really like to see a bounce.
The only hopeful sign is that volume is low. Taking direction into account, there isn't any selling with conviction.
This feels like jittery retail traders.
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Post by Deleted on Apr 1, 2013 6:21:45 GMT -8
This close to earnings this is starting to feel like the institutions believe Apple is going to miss numbers once again.
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Post by sponge on Apr 1, 2013 6:22:59 GMT -8
If there is a silver lining is that we are dropping quickly in early morning giving us enough time to recover some of our losses by end of day. 5 straight days of red. I guess if history repeats itself, we should have two more days before seeing green on Wed. Hopefully it will only be $2 each day instead of another $9.
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Post by sponge on Apr 1, 2013 6:25:26 GMT -8
This close to earnings this is starting to feel like the institutions believe Apple is going to miss numbers once again. I thought the same think, but I don't think they know that yet. With the absence of buyers the bears can have a field day moving the stock. We are moving counter the market and google and that has not changed for 3 months.
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Post by Deleted on Apr 1, 2013 6:31:38 GMT -8
This close to earnings this is starting to feel like the institutions believe Apple is going to miss numbers once again. I thought the same think, but I don't think they know that yet. With the absence of buyers the bears can have a field day moving the stock. We are moving counter the market and google and that has not changed for 3 months. Futures show the S&P, NAZ and Russell 2000 all down
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Post by rob_london on Apr 1, 2013 6:32:07 GMT -8
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Post by appledoc on Apr 1, 2013 6:57:37 GMT -8
This close to earnings this is starting to feel like the institutions believe Apple is going to miss numbers once again. I thought the same think, but I don't think they know that yet. With the absence of buyers the bears can have a field day moving the stock. We are moving counter the market and google and that has not changed for 3 months. Excuses, excuses. Low volume can lead to violent swings in either direction. Bears are still winning because sentiment is still negative.
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Post by Deleted on Apr 1, 2013 7:06:03 GMT -8
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Post by sponge on Apr 1, 2013 7:07:56 GMT -8
The sentiment has been negative since Oct and it got worse in Jan. I think Gregg has nailed it. WS was caught with their pants down by OP with his more accurate guidance. No more 15-30% beat.
As a result the option traders and short term holders all started to bail out. The big boys started in Oct and and finished by end of the year. The little guy has been selling and getting out since Jan after hoping for a bounce.
Now the little guys want TC's head and cry the sky is falling. They worry about Samsung and the need for a cheaper iPhone or a bigger iPhone. They want bigger dividends and bigger buybacks. They are afraid that without some new product or major change in the iPhone 5 this summer, Apple is doomed.
Nothing is further from the truth. The company has never been stronger and more powerful. Their customer base keeps growing 25% a year and are more loyal then ever.
We will look back in one year and be shocked to see how much bigger Apple has become. The stock may not reflect that, but one needs to hold for 5-10 years to really be rewarded.
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Post by Deleted on Apr 1, 2013 7:08:10 GMT -8
I thought the same think, but I don't think they know that yet. With the absence of buyers the bears can have a field day moving the stock. We are moving counter the market and google and that has not changed for 3 months. Excuses, excuses. Low volume can lead to violent swings in either direction. Bears are still winning because sentiment is still negative. China news over the weekend replenished the supplies of the Bears to play havoc. Maybe it's my optimistic side, but really, aren't we about near the end of the negative "news" cycle on Apple, Inc.? I'm more interested in tomorrow than today's action, given the pummeling Apple took over the weekend.
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Post by sponge on Apr 1, 2013 7:12:59 GMT -8
This is actually old news being exposed today for maximum profit taking. now that I am at home I looked at the chart and I see that 435 is good support from two weeks ago. I say by Friday we should be up over 445.
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Post by lance on Apr 1, 2013 7:22:14 GMT -8
Tim cooks needs to stop apologizing and start producing end of story. The only apology he needs to give is to shareholders that's it. He has turned apple into an embarrassment. Come out with something and stop apologizing. We know what happened the last he apologized he destroyed the stock for 6 months.
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Post by sponge on Apr 1, 2013 7:30:12 GMT -8
Tim cooks needs to stop apologizing and start producing end of story. The only apology he needs to give is to shareholders that's it. He has turned apple into an embarrassment. Come out with something and stop apologizing. We know what happened the last he apologized he destroyed the stock for 6 months. In fairness, now that I have been using the Apple Map out side of my regular area, it is frustrating to say the least. Directions are off, businesses continue to be missing and their traffic is very unreliable. He had no choice but to apologize. And 6 months later there are still issues. It will take some time before they clean up the Map App. I think he saw that and understands that it won't be easily fixed. In spite of that the iPhone 5 continues to sell well. The only thing TC can do to help the stock and is ensure that the company performs well with great products. He has cleaned up management and we won't see the affects of that for at least 16 months. It is hard to be patient with the stock when you own options or are on margin, but that is what happens when you invest in the biggest story on WS since the oil stock boom of 1911.
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Post by appledoc on Apr 1, 2013 7:37:06 GMT -8
Excuses, excuses. Low volume can lead to violent swings in either direction. Bears are still winning because sentiment is still negative. China news over the weekend replenished the supplies of the Bears to play havoc. Maybe it's my optimistic side, but really, aren't we about near the end of the negative "news" cycle on Apple, Inc.? I'm more interested in tomorrow than today's action, given the pummeling Apple took over the weekend. If sentiment had truly turned positive, those stories wouldn't hit the stock like this.
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Post by rickag on Apr 1, 2013 7:38:26 GMT -8
This is actually old news being exposed today for maximum profit taking. now that I am at home I looked at the chart and I see that 435 is good support from two weeks ago. I say by Friday we should be up over 445. I wouldn't bet on it. I believe the market is in a show me phase and AAPL will suffer until positive earnings or a stock buy back or increased dividend.
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Post by sponge on Apr 1, 2013 7:45:35 GMT -8
China news over the weekend replenished the supplies of the Bears to play havoc. Maybe it's my optimistic side, but really, aren't we about near the end of the negative "news" cycle on Apple, Inc.? I'm more interested in tomorrow than today's action, given the pummeling Apple took over the weekend. If sentiment had truly turned positive, those stories wouldn't hit the stock like this. I am not sold on the idea that stories move the stock as much as people like to think. There was little reason to move from 435 two weeks ago to 469 last Monday. It is a trading stock and traders are having a field day with the volatile nature of its moves. We normally see 20 point swings, but now they are over 30. The problem is that one of these days, it will break out and it won't come down. It will happen when we least expect it.
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Post by cbingle on Apr 1, 2013 7:48:10 GMT -8
Tim Cook has shown himself to be a wimp. Anyone that has a pair is waiting in line to fleece him at will. He does nothing to defend himself, or the company, or me, the shareholder.
Perhaps he should apologize for being handed the CEO job and step down.
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Post by sponge on Apr 1, 2013 7:51:46 GMT -8
Tim Cook has shown himself to be a wimp. Anyone that has a pair is waiting in line to fleece him at will. He does nothing to defend himself, or the company, or me, the shareholder. Perhaps he should apologize for being handed the CEO job and step down. I disagree. he looked into the matter and found that they could improve the situation. he is very culture sensitive and understands how important it is to address this issue. It is rather trivial but he is putting out the fire before it becomes bigger. The Chinese will reward this behavior much more then keeping quite. No one will care about this is in 3 weeks. The Chinese market is huge and Apple understands how to address the culture there.
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Post by Apple II+ on Apr 1, 2013 8:21:02 GMT -8
Tim Cook has shown himself to be a wimp. Anyone that has a pair is waiting in line to fleece him at will. He does nothing to defend himself, or the company, or me, the shareholder. Perhaps he should apologize for being handed the CEO job and step down. "The standard response by a foreign company in China facing this kind of onslaught is to make public and private apologies, emphasize its commitment and contributions to China and dispatch senior executives from headquarters to make the rounds of the relevant Chinese government entities." Source: dealbook.nytimes.com/2013/04/01/apple-of-discord-in-china/?partner=yahoofinance
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Post by merenkov on Apr 1, 2013 8:28:39 GMT -8
I find these rumblings out of China disturbing. The Chinese will do whatever they feel is in their best interest, and I don’t think an ascendant Apple is necessarily viewed as being in their best interest.
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Post by terps530 on Apr 1, 2013 8:30:49 GMT -8
does this affect the china mobile deal, or lack thereof? Approaching 3 months since his last visit
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Post by Deleted on Apr 1, 2013 9:00:39 GMT -8
This is actually old news being exposed today for maximum Or, if you are a conspiracy theorist, what better way to shake the weaklings than to publish a report that Apple's largest shareholder dumped 10% of its stake. For Fiidelity that would be smart. I'll bet they sold between $450 and $550, and now that the quarter is over they'd like to get back in in the low $400s (at the very least somebody would). The only problem with my conspiracy theory is that AAPL is not showing up on the Buying on Weakness list (are the EOs waiting for an even better entry? <evil laugh>)
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Post by Lstream on Apr 1, 2013 9:06:38 GMT -8
does this affect the china mobile deal, or lack thereof? Approaching 3 months since his last visit I don't believe that anyone here is qualified to answer that question.
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