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Post by phoebear611 on May 9, 2013 2:21:23 GMT -8
We are XD today and yet slightly green in PM.....Why you say? Could be the Reuters story this morning that is the culprit: Pegatron Corp, an assembler of Apple Inc's iPhone and iPad, said it would increase its number of workers in China by up to 40 percent in the second half of the year, fuelling market speculation of a new cheaper iPhone.Here is the rest of the story: www.reuters.com/article/2013/05/09/us-pegatron-apple-idUSBRE94804D20130509
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Post by lovemyipad on May 9, 2013 3:12:28 GMT -8
470 or 450 next? Stay tuned...
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Post by appledoc on May 9, 2013 4:12:19 GMT -8
FB apparently in talks to buy Waze for $1B. I'll be interested to see what the ultimate purchase price is.
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Post by phoebear611 on May 9, 2013 4:23:52 GMT -8
FB apparently in talks to buy Waze for $1B. I'll be interested to see what the ultimate purchase price is. And Mister Softy supposedly looking or in talks with Barnes and Noble on Nook.
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Post by moltenfire on May 9, 2013 4:39:53 GMT -8
Well, since FB brought Instagram for the same amount, $1B seems like a nice round number to use here too (sarcasm)
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Post by qualitywte on May 9, 2013 4:57:06 GMT -8
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Post by sponge on May 9, 2013 5:00:32 GMT -8
Well I sold all the shares I bought on Tuesday for a small profit. Will get my dividend, which is much bigger then the profit from selling. It is not often that a plan with these many shares comes together.
Now will wait to see what happens next week. If the stock goes above 470 and keeps going, I will get back in with some calls. Otherwise I will wait for a lower entry point around 440.
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Post by rob_london on May 9, 2013 5:27:45 GMT -8
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Post by appledoc on May 9, 2013 5:34:19 GMT -8
We can't know what the actual SMA100 is until day's end and the dividend adjustment has been made, correct? I have 461.02, but it should be lower.
Edit: Adjust historical prices by taking yesterday's close, subtracting 3.05, and dividing that number by yesterday's close. So the ratio is 0.9934. Apply that factor to all prior prices.
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Post by Deleted on May 9, 2013 5:34:46 GMT -8
470 or 450 next? Stay tuned... AAPL will get closer to $450' than it will $470 today.
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Post by cbingle on May 9, 2013 5:36:15 GMT -8
SMA 100 is 457.01
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Post by appledoc on May 9, 2013 5:38:15 GMT -8
Yeah. Nevermind. I'm an idiot.
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Post by Deleted on May 9, 2013 5:40:06 GMT -8
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Post by appledoc on May 9, 2013 5:56:34 GMT -8
A little EW here... AAPL Monthly Not dividend-adjusted numbers on the chart, but the actual retrace for ((2)) is 38.5% and for ((4)) it's 62.3%.
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Post by lucy on May 9, 2013 6:16:06 GMT -8
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Post by appledoc on May 9, 2013 6:32:02 GMT -8
Shocking I don't trust anything written about supply and demand anymore.
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Post by rickag on May 9, 2013 7:03:25 GMT -8
Well I sold all the shares I bought on Tuesday for a small profit. Will get my dividend, which is much bigger then the profit from selling. It is not often that a plan with these many shares comes together. Now will wait to see what happens next week. If the stock goes above 470 and keeps going, I will get back in with some calls. Otherwise I will wait for a lower entry point around 440. Glad hear you came up green.
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Post by sponge on May 9, 2013 7:25:30 GMT -8
Now the question is. How low will we go?
If we drop below 455 I think there is a good chance we will see 450 tomorrow or lower. My chance of getting back in at 445 may happen sooner then I thought.
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Post by rob_london on May 9, 2013 7:25:43 GMT -8
Looking through some old papers at home, I stumbled across an Apple document from 1992: "Newton Technology: An overview of a new technology from Apple". It's interesting to see Apple's various design concepts, including a 'Newton inventory watch': "This small Newton device could be worn on your wrist. It could store vast amounts of inventory information and communicate wirelessly with the company's computer. You could use it to update the inventory or locate a particular item in your store". "Small" back in 1992 meant strapping something measuring 3 x 5" onto your arm... it doesn't look very comfortable in the artist's impression in Apple's document I've still got a Newton MessagePad somewhere in the house....
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Post by sponge on May 9, 2013 7:27:24 GMT -8
Whats going on with CRUS? It is up 6% today and I don't see any news
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Post by Deleted on May 9, 2013 7:56:24 GMT -8
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Post by sponge on May 9, 2013 8:01:56 GMT -8
Well no sooner did we drop below 457.90 and volume picked up and took us back over 459 quickly. Seems like once the dividend discount is taken care, we want to get back up. Lets see what happens in the next two hours.
I am starting to think that if we close slightly below our highs of the day, we may not see 455 or lower until we get well past 470.
Things just feel bullish right now with the way the stock is behaving.
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Post by sponge on May 9, 2013 8:04:17 GMT -8
I think that Apple is moving more manufacturing away from Foxconn. They had to send 8 million iPHone back last quarter due to defects. That would be neutral for CRUS.
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Post by dreamRaj on May 9, 2013 8:10:58 GMT -8
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Post by Deleted on May 9, 2013 8:23:35 GMT -8
Well no sooner did we drop below 457.90 and volume picked up and took us back over 459 quickly. Seems like once the dividend discount is taken care, we want to get back up. Lets see what happens in the next two hours. I am starting to think that if we close slightly below our highs of the day, we may not see 455 or lower until we get well past 470. Things just feel bullish right now with the way the stock is behaving. Wow, from predictions of $445 to $470 all within the span of an hour...impressive
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Post by sponge on May 9, 2013 8:38:56 GMT -8
Re read what I said. Did not predict but gave targets. Just like EW but Sponge style. I went ahead and bought some 550 calls at 10.35.
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Post by Deleted on May 9, 2013 8:48:47 GMT -8
I am starting to think that if we close slightly below our highs of the day, we may not see 455 or lower until we get well past 470. AAPL's 5 DMA on it's Intraday Trading Range is ~$8.00. Today's intraday low (so far) was $457.60. Add $8.00 to that and you get an intraday high of $465.60. So far AAPL's actual intraday high has been $463.00. If you start with a price of $465 and deduct the dividend, you get $461.95.. With a price range as shown above, where will AAPL actually Close at tomorrow? Well, there's one more element to factor in, and that is the Pin that currently looks to be ~$460-$465. My guess is that AAPL will Close tomorrow at ~$463.00, same as today's intraday high. For all of the above, this morning I couldn't resist, and bought back the $450/$455 BCSs, that I sold yesterday for $4.72, for $3.93 (AAPL at $459.00). $3.93 more than satisfies my investment goal of a 25% yield, and again, the above reasoning looks secure enough to mitigate the risk.
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Post by Deleted on May 9, 2013 8:57:01 GMT -8
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Post by archibaldtuttle on May 9, 2013 9:03:16 GMT -8
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SomeJuan
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Taking a nap…
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Post by SomeJuan on May 9, 2013 9:04:07 GMT -8
Jeff Gundlach on CNBC...
"if i had to be either long or short on aapl over the next 6 months, i would be long"
All the CNBC talking twits congratulating him on what a fine call he made by going short in April. I want to wring Melissa Lee's neck. I may have to take a road trip :-)
aapl now green, and we will close green.
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