|
Post by mbeauch on Sept 24, 2012 10:24:08 GMT -8
I hate days like this. The amount the accounts are down is so large it makes me question myself sometimes why I am even still in the market. My confidence has been shaken today.
|
|
|
Post by aapl4kiki on Sept 24, 2012 10:35:01 GMT -8
I hate days like this. The amount the accounts are down is so large it makes me question myself sometimes why I am even still in the market. My confidence has been shaken today. That's what they want. Stay strong! And we're rallying here.
|
|
|
Post by nate010203 on Sept 24, 2012 10:36:53 GMT -8
a close over 690 would be nice 695 even nicer
|
|
|
Post by lovemyipad on Sept 24, 2012 10:37:01 GMT -8
Jason Schwartz is recommending being 100% cash and Zaky is saying anybody in cash, it's time to buy. Umm... Analysts dont know wtf they are doing they are just guessing You might want to pay attention to this one. He made the bullish call after JUL'12 earnings. I thought he was smoking dope -- I was WRONG!
|
|
|
Post by lovemyipad on Sept 24, 2012 10:39:04 GMT -8
I hate days like this. The amount the accounts are down is so large it makes me question myself sometimes why I am even still in the market. My confidence has been shaken today. Mark, walk away. Set your price objectives and stops and walk away. Come back after market.
|
|
|
Post by lovemyipad on Sept 24, 2012 10:39:48 GMT -8
Well, Apple hanging in there... I'm not in a super-active trader mood lately, so I'll just keep monitoring. If AAPL holds the 38.2% level, that's good news. iPad, a little help with 8/13/21-day EMA vs. SMA whatever? Yes, hang on...15 windows open... See me in chart talk in 5 min...
|
|
|
Post by Tetrachloride on Sept 24, 2012 10:42:08 GMT -8
AAPL volume is high at 18 M with over an hour to go. Stock is down 1.6 %
|
|
|
Post by rob_london on Sept 24, 2012 10:45:48 GMT -8
Let's see what happens in the last hour of trading.
|
|
|
Post by rutgersguy92 on Sept 24, 2012 10:48:17 GMT -8
Jason Schwartz is recommending being 100% cash and Zaky is saying anybody in cash, it's time to buy. Umm... I just read this afternoon's message from JS, and he thinks Friday's "last gasp" was the end of the $130 run from 575, and that this "correction has legs to it". He is "hopeful" that it will continue and get us "all the way back to $640-$650", so that we can re-load "ahead of the IPad-mini run-up". "Let's cheer the bears on this week!" That last line kind of ran against my grain. However, I am mostly hedged anyway, just want to slap a few more on, just in case.
|
|
|
Post by rutgersguy92 on Sept 24, 2012 10:49:30 GMT -8
I may buy in a bit if AAPL shows convincing strength rest of day. But honestly, I don't feel like being too quick in this environment, leaning towards caution. I'd prefer to see AAPL reclaim the 690 level. Meantime, I better go look at some charts. There you go. 690 re-claimed.
|
|
|
Post by rutgersguy92 on Sept 24, 2012 10:51:46 GMT -8
I hate days like this. The amount the accounts are down is so large it makes me question myself sometimes why I am even still in the market. My confidence has been shaken today. I know exactly how you feel, MB. Been there. That's why I try to operate pretty hedged - learned that from Ms. IPad - and be at most +5 to 7 more long calls than short calls. I do it in singles and doubles, because I hate the feeling when you whiff when going for home runs. Hang in there. This situation is self-correcting, as long as you can control your emotions.
|
|
|
Post by mbeauch on Sept 24, 2012 10:52:28 GMT -8
I hate days like this. The amount the accounts are down is so large it makes me question myself sometimes why I am even still in the market. My confidence has been shaken today. Mark, walk away. Set your price objectives and stops and walk away. Come back after market. I am OK lovey, I added at 685 to my Jan 700's and Oct 720's. To be honest I wanted to go all in but chickened out. I am trying so hard to get myself in a position to where I can tell Tammy she can quit her job if she wants to. (Don't think she would, but it would make her job a lot less stressful I am sure) When you see losses like today I get worried about my own financial security. The falls are so much faster than the climbs.
|
|
|
Post by sponge on Sept 24, 2012 10:57:03 GMT -8
I sold shares at 691 and bought Jan LEAPS. Now I sit back and patiently wait for $1200 in 12 months. I am more bullish then ever.
|
|
|
Post by traitorjoe on Sept 24, 2012 11:10:50 GMT -8
Lets all remember that TC's forte is Ops planning and PO's is Financials and reporting.
This is and has all been planned to the new faster global roll out being deemed successful come January report - keeping in mind what they wanted to report for Sept Qtr and what they want to bleed into Dec Qtr.
They simply shipped what they wanted to while keeping the above in mind and have held back what is needed to ship out this week and the next - not forgetting 22 more countries this Friday.
It's all good - just stay far enough out on your bets so near term noise is not overly consequential
LONG April 650's
|
|
|
Post by rutgersguy92 on Sept 24, 2012 11:13:07 GMT -8
Mark, walk away. Set your price objectives and stops and walk away. Come back after market. I am OK lovey, I added at 685 to my Jan 700's and Oct 720's. To be honest I wanted to go all in but chickened out. I am trying so hard to get myself in a position to where I can tell Tammy she can quit her job if she wants to. (Don't think she would, but it would make her job a lot less stressful I am sure) When you see losses like today I get worried about my own financial security. The falls are so much faster than the climbs. I think we might be in similar situations, MB. I retired from my job in May, 2010, and do part-time engineering consulting. And my wife also works 3 days per week as a speech therapist, and she provides the health insurance. She would like to leave her job, though she does enjoy working with the kids, it's the adults that make it tough. But it's nice having her income stream coming in, as well as heath insurance, so I try to encourage her whenever she feels bad. But one thing I've found is: when I am working during a 3-4 month part-time gig, I can take these drops in the brokerage account a lot more easily than now, when I am between gigs. I think it might be because I am sub-consciously thinking that trading AAPL is my income when I am between consulting gigs, but not when I am actually doing consulting and bringing in a paycheck. Just something that may help explain why you are feeling the way you are.
|
|
|
Post by Lstream on Sept 24, 2012 11:18:07 GMT -8
I bought JAN'15 850/900. How do you make that work, with the huge bid/ask spread? What price were you able to get?
|
|
|
Post by johng on Sept 24, 2012 11:25:29 GMT -8
I bought JAN'15 850/900. What's the bag # on that bad boy? EDIT: Just took a peek and it looks to be close to a 5 bagger! cheers to the longs JohnG
|
|
|
Post by prazan on Sept 24, 2012 11:26:47 GMT -8
I added to a few positions at 684.10. Shares and vertical call spread. Will hold fire for low 670's, depending. It's hard not to buy hard this F... Dip. I bought some at 687.00 I've noticed your game has been improving. Good work! Next step is to learn your analysts. Andy Zaky and Jason Schwartz run independent Apple investor services. They aren't the same WS analysts we all love to skewer. Andy Zaky is really good at calling bottoms and buy in points. He isn't infallible, but I don't know of anyone better. Jason Schwartz offers a newsletter with frequent updates. That said, no once knows for certain what will happen.
|
|
|
Post by prazan on Sept 24, 2012 11:29:00 GMT -8
I bought JAN'15 850/900. What's the bag # on that bad boy? cheers to the longs JohnG Good call this morning. I somehow knew you'd be ready to swoop in.
|
|
|
Post by phoebear611 on Sept 24, 2012 11:34:22 GMT -8
I've noticed your game has been improving. Good work! Next step is to learn your analysts. Andy Zaky and Jason Schwartz run independent Apple investor services. They aren't the same WS analysts we all love to skewer. Andy Zaky is really good at calling bottoms and buy in points. He isn't infallible, but I don't know of anyone better. Jason Schwartz offers a newsletter with frequent updates. That said, no once knows for certain what will happen. Well one is calling to be in all cash and the other suggesting an entry point here so who is one suppose to listen to? Everyone is great until they are not...I guess
|
|
|
Post by prazan on Sept 24, 2012 11:57:05 GMT -8
I've noticed your game has been improving. Good work! Next step is to learn your analysts. Andy Zaky and Jason Schwartz run independent Apple investor services. They aren't the same WS analysts we all love to skewer. Andy Zaky is really good at calling bottoms and buy in points. He isn't infallible, but I don't know of anyone better. Jason Schwartz offers a newsletter with frequent updates. That said, no once knows for certain what will happen. Well one is calling to be in all cash and the other suggesting an entry point here so who is one suppose to listen to? Everyone is great until they are not...I guess When greedynoob (great name!) reported the call, at 2:16 pm, Apple was at 686 and rising. Figure Zaky made the call about 15 minutes earlier, when Apple was at 684. The stock then rose steadily over the next hour to 692. So in the short term, he made a good call. Tomorrow? We shall see. By the way, I also watch to see when Lovemyipad buys, because she's conservative in her calls and also very good.
|
|
|
Post by nate010203 on Sept 24, 2012 12:01:31 GMT -8
any guesses tomorrow? down or up?
|
|
|
Post by jumar on Sept 24, 2012 12:02:39 GMT -8
Holy cow... GOOG is at 750. I'm sort of glad they're paving the way into the nosebleed seats.
|
|
|
Post by Lstream on Sept 24, 2012 12:04:40 GMT -8
any guesses tomorrow? down or up? Yes, definitely.
|
|
|
Post by PikesPique on Sept 24, 2012 12:12:23 GMT -8
any guesses tomorrow? down or up? Yes, definitely. In the quantum realm, it might be both...at the same time.
|
|
|
Post by rickag on Sept 24, 2012 12:15:18 GMT -8
any guesses tomorrow? down or up? I can't help you here, but I try to plan for both. I don't have access to my account but would have bought some safe $10 - $15 wide BCSs, probably Jan 13s or Apr 13s, today, and kept cash to buy in the next few days if AAPL keeps going down. If AAPL had gone up today I had bids in to buy back the short legs on 4 BCSs and sell lower strike short legs against my long legs to pull cash out, lower my risk and increase the multiple on the resulting BCSs. Good luck with your trading. I am sure more knowledgable posters have much better predictive capabilities than me.
|
|
|
Post by nate010203 on Sept 24, 2012 12:20:27 GMT -8
well yeah its pretty difficult to determine what a stock is going to do on a certain day. Im going to keep some dry powder just in case we see lower.
I made 130 bucks today trading apple so im happy. thats more then i make in 8 hours of working *yes i have a crap job and not many skills*
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Sept 24, 2012 12:27:45 GMT -8
Traders with Opinions™ (namely, the ones you pay for for advice) tend to have attitudes. Sometimes they seem flippant and irritating. Who knows, sometimes they ARE.
I just filter them out.
The inflection point arrived and the result is uncertainty. So I'm just being neutral right now, and it's just me. We all trade our own timeframes - for now I'm looking farther out. Market reads can change by the day, hour, minute, of course.
|
|
|
Post by Lstream on Sept 24, 2012 12:30:04 GMT -8
In the quantum realm, it might be both...at the same time. And according to Heisenberg, if we look we will change what might have been.
|
|
|
Post by Apple II+ on Sept 24, 2012 12:31:28 GMT -8
Standing pat for now. I was lucky to sell about 1/3 of my short-term calls at the high on Friday, and also was fortunate (somewhat perversely) to buy AAPL shares at the top at $705. I'm not thinking about starting to lever-up again unless AAPL falls to 93% of its $705 ATH, currently about $655. I'd much rather see that ATH get much higher.
|
|