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Post by lovemyipad on May 24, 2013 17:12:32 GMT -5
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Mav
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Post by Mav on May 24, 2013 17:21:16 GMT -5
A pretty good week. AAPL _just might_ be setting up for better times ahead. At the very least, Taxgate was weathered better than feared.
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Post by Red Shirted Ensign on May 24, 2013 17:21:24 GMT -5
And it is not bad......with WWDC two weeks away, speculation will begin to build. Buzz and surprises, new software.. Hints of new hardware. A nice close today. Really nice, considering.... I think taxgate will be looked upon as a turning point...Tim was great....and anytime one successfully but respectfully thumbs his nose at Conrgress, well....you gotta love it.  |
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Post by archibaldtuttle on May 24, 2013 17:33:04 GMT -5
Between the 20/50 EMA cross, and the big honking IHS, all right before WWDC, I gotta think we're going to finally go up and break out of the 8 month aapl hell. I'd like to see a 5xx print again!
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Post by sponge on May 24, 2013 17:38:23 GMT -5
And it is not bad......with WWDC two weeks away, speculation will begin to build. Buzz and surprises, new software.. Hints of new hardware. A nice close today. Really nice, considering.... I think taxgate will be looked upon as a turning point...Tim was great....and anytime one successfully but respectfully thumbs his nose at Conrgress, well....you gotta love it. I agree. Anytime you are before congress and even your critics praise your products and success, there is a benefit from that. I liked how the lady senator tried to ask about CM and then bragged about getting her husband to switch. Levin holding up his iPhone was priceless. Deep down everyone is rooting for Apple because they know everyone wins when they do well. Side note. My brother is in Korea now visiting. He ran into some local girls and they all had Samaungs but wished they could get iPhones instead. They knew the Galaxy is less durable. The reason they did not get the iPhone was cell phone coverage. A compromise they were not willing to make. |
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Post by appledoc on May 24, 2013 18:36:21 GMT -5
Great week. Hoping to get 465 next week.
This is the first time we've found mid-channel support on the daily or weekly since we began the decline. The chart looks great IMO. Prime for a breakout.
;D
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Mav
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Post by Mav on May 24, 2013 21:30:57 GMT -5
Save wavelength appledoc. Save wavelength.  |
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marcellus
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Post by marcellus on May 24, 2013 23:11:42 GMT -5
Next week, and the following week, I want to see sufficient buying pressure to CRUSH the weekly option players out of this stock. It's so unbelievably frustrating to see AAPL tethered by weeklies. F'ing go to Vegas and don't come back.
Other than that, a solid week following two disappointing weeks.
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Mav
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Post by Mav on May 24, 2013 23:30:41 GMT -5
Y'know what, another 10 or so points up next week wouldn't be a bad thing. WWDC is still 2 weeks away.
The key for bulls is that AAPL is setting up well. It seems to have way more traction than it's had in months. Sure it can all end Tuesday, but the price action will tell the story. SO FAR it's a constructive one IMHO.
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Mav
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Post by Mav on May 24, 2013 23:45:03 GMT -5
www.asymco.com/2013/05/24/my-questions-for-tim-cook/I'm not so sure about that fourth question. You have Samsung, TSMC, NVIDIA, Qualcomm, and TI in the chip-making biz, AFAIK. Qualcomm and TI probably wouldn't act as "foundry" for the iPhone's SoCs (is TI still even in the game?) TSMC
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JDSoCal
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Post by JDSoCal on May 25, 2013 0:11:28 GMT -5
Next week, and the following week, I want to see sufficient buying pressure to CRUSH the weekly option players out of this stock. It's so unbelievably frustrating to see AAPL tethered by weeklies. F'ing go to Vegas and don't come back.  |
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Mav
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Post by Mav on May 25, 2013 0:58:07 GMT -5
Pffft. I didn't know the Samsung S4 had an "easy mode" until I saw an ad about it today.
It just says so much. ;D
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Post by redinaustin on May 25, 2013 8:12:18 GMT -5
My question for Tim:
Why didn't you and Peter use iPads instead of paper in your testimony before the Senate?
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Post by greggthurman on May 25, 2013 10:57:11 GMT -5
Next week, and the following week, I want to see sufficient buying pressure to CRUSH the weekly option players out of this stock. It's so unbelievably frustrating to see AAPL tethered by weeklies. F'ing go to Vegas and don't come back. Yeah, and while we're at it, let's do away with Straddles and Strangles and Butterflies and ..... Oh, and let's do away with monthlies and quarterlies while we're at it. After all, they're just another flavor of short term trades. And we could ban swing trades, because, after all, they are short term as well. And if we ban swing trades, then we have to ban day trades, or any trade not held for at least a year. Let's make a rule that trades can only be entered into with a maturity of one year, or more. Yep, that's the ticket. |
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Post by wheeles on May 25, 2013 13:08:11 GMT -5
Next week, and the following week, I want to see sufficient buying pressure to CRUSH the weekly option players out of this stock. It's so unbelievably frustrating to see AAPL tethered by weeklies. F'ing go to Vegas and don't come back. Yeah, and while we're at it, let's do away with Straddles and Strangles and Butterflies and ..... Oh, and let's do away with monthlies and quarterlies while we're at it. After all, they're just another flavor of short term trades. And we could ban swing trades, because, after all, they are short term as well. And if we ban swing trades, then we have to ban day trades, or any trade not held for at least a year. Let's make a rule that trades can only be entered into with a maturity of one year, or more. Yep, that's the ticket. Is that you, Mr Buffett? |
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marcellus
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Post by marcellus on May 25, 2013 13:08:48 GMT -5
Next week, and the following week, I want to see sufficient buying pressure to CRUSH the weekly option players out of this stock. It's so unbelievably frustrating to see AAPL tethered by weeklies. F'ing go to Vegas and don't come back. Yeah, and while we're at it, let's do away with Straddles and Strangles and Butterflies and ..... Oh, and let's do away with monthlies and quarterlies while we're at it. After all, they're just another flavor of short term trades. And we could ban swing trades, because, after all, they are short term as well. And if we ban swing trades, then we have to ban day trades, or any trade not held for at least a year. Let's make a rule that trades can only be entered into with a maturity of one year, or more. Yep, that's the ticket. Anyone who thinks weeklies are neutral to Apple's price today has a screw loose. The call wall has far more frequently sold Apple off than we've seen of any put walls. Why? Because more traders are betting on Apple to go higher. Institutions know a good thing when they see one, as only they have the shares (and power) to sell Apple off to leave you holding the bag at OPEX. One can say that Monday would be corrective from Friday and it has happened. But we've all seen days over the past 6 months where Apple trades opposite the market due to the concentrations of those playing the ponies with Apple, the horse with a jockey only on Monday - Tuesday. Take a look at stocks at www.theocc.com and see the lack of weekly option action on the likes of AMZN, GOOG, etc. I rest my case. |
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Mav
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Post by Mav on May 25, 2013 13:16:17 GMT -5
Mercel wasn't calling for an option ban. He was just pointing out the pinning phenomenon. Weeklies make it harder for AAPL to make momo moves and easier to corral it within a price range on "slow news weeks".
There's always the danger of pinning types getting burned but since AAPL tends to trade on events/sentiment and it doesn't announce new stuff every month, well...the writing on the wall is easier to read some weeks. By certain points within the week anyway.
Still, if pain range was slightly beaten on Friday, that's a good thing.
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marcellus
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Post by marcellus on May 25, 2013 13:19:33 GMT -5
Next week, and the following week, I want to see sufficient buying pressure to CRUSH the weekly option players out of this stock. It's so unbelievably frustrating to see AAPL tethered by weeklies. F'ing go to Vegas and don't come back. Yeah, and while we're at it, let's do away with Straddles and Strangles and Butterflies and ..... Oh, and let's do away with monthlies and quarterlies while we're at it. After all, they're just another flavor of short term trades. And we could ban swing trades, because, after all, they are short term as well. And if we ban swing trades, then we have to ban day trades, or any trade not held for at least a year. Let's make a rule that trades can only be entered into with a maturity of one year, or more. Yep, that's the ticket. Gregg, you were asking Lovey earlier in the week where Apple would close on Friday. I couldn't really believe you were asking, as it was pretty obvious options were driving this bus, not TA. In other words, you had a pretty safe answer on Wednesday. I'm not trying to be difficult, as everyone needs to vent once in a while and I'm no different. I suppose I could write some calls knowing the big boys would likely bail me out at the call wall. It's my preference that I don't. Either one is part of the solution or part of the problem, as least that's the way I see it at the risk of sounding sanctimonious about it. |
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Post by marcellus on May 25, 2013 13:28:00 GMT -5
Mercel wasn't calling for an option ban. He was just pointing out the pinning phenomenon. Weeklies make it harder for AAPL to make momo moves and easier to corral it within a price range on "slow news weeks". There's always the danger of pinning types getting burned but since AAPL tends to trade on events/sentiment and it doesn't announce new stuff every month, well...the writing on the wall is easier to read some weeks. By certain points within the week anyway. Still, if pain range was slightly beaten on Friday, that's a good thing. Yes, indeed, especially on a low volume day when it should have been easier to accomplish. I think next week will be a continuation of more AAPL progress, but we DO have some tentative weekly call walls at $450 and $460.  |
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Post by marcellus on May 25, 2013 13:33:10 GMT -5
Red will appreciate the power of Tractor Beams, which is a great metaphor for weekly options.  |
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