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Post by phoebear611 on Jul 3, 2013 2:02:05 GMT -8
AAPL a bit red here this morning. As a reminder, the NYSE closes at 1:00 pm today. Obviously, closed tomorrow for Independence Day, and then open a full day on Friday just in time for the PIN or any other shenanigans. Friday is the report on the Employment Situation as well (8:30 EST) which could move markets. For those of you who celebrate - have a great day on the 4th with family and friends. And for our pals in Britain....oh well...at least we are good friends now
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Post by appledoc on Jul 3, 2013 2:57:09 GMT -8
401 to 408 then we'll see where we can go.
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Post by macwire on Jul 3, 2013 4:44:51 GMT -8
To our friends in Great Britain I say And it's arrrrrsenal Arsenal FC
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Post by rob_london on Jul 3, 2013 5:33:26 GMT -8
Nice to see RS again... let's see whether it holds.
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Post by terps530 on Jul 3, 2013 5:39:18 GMT -8
PUT CALL $ PAIN 405 6,458 3,379 38,014,500 410 7,278 6,186 31,482,500 415 7,329 8,220 31,682,500 420 4,865 12,806 39,657,000 425 1,391 9,098 56,467,000 430 540 10,548 78,521,500
just an update from yesterday. less 410 calls but more 420 calls.
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Post by terps530 on Jul 3, 2013 6:20:38 GMT -8
cnbc just teased an upcoming guest who believes that aapl could go down ANOTHER 42%...
that would be sub-250 lolll edit: David Trainer is the guy to send hate mail to.
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Post by mace on Jul 3, 2013 6:20:47 GMT -8
401 to 408 then we'll see where we can go. Probably go to $428 before retesting $412.
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Post by Nevyn on Jul 3, 2013 6:57:53 GMT -8
401 to 408 then we'll see where we can go. Probably go to $428 before retesting $412. When? It looks like the range is set for today. Maybe Friday? IPad, I sold my one measly call yesterday for nice little profit.
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Post by Lstream on Jul 3, 2013 7:04:02 GMT -8
cnbc just teased an upcoming guest who believes that aapl could go down ANOTHER 42%... that would be sub-250 lolll edit: David Trainer is the guy to send hate mail to. And yet they still give the clown air time. Same old CNBC. With or without Melissa Lee.
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Post by Deleted on Jul 3, 2013 7:59:38 GMT -8
401 to 408 then we'll see where we can go. Probably go to $428 before retesting $412. Agreed.
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Post by Deleted on Jul 3, 2013 8:08:40 GMT -8
Probably go to $428 before retesting $412. When? It looks like the range is set for today. Maybe Friday? IPad, I sold my one measly call yesterday for nice little profit. AAPL's average intraday trading range is $10.xx. Today's range is currently $5.53. AAPL rarely splits a range after establishing a base in the first two hours of the session. It either establishes a new intraday high, or a new intraday low. So, using the historical data, my guess is that if AAPL's average daily trading range holds it will hit a HoD at ~$427.xx, or set a new LoD at ~$412.xx. Given AAPL's current trend line (starting last Friday) I'd put my money on $427, with the caveat that today is a short session and we're heading into a long weekend (for those playing hooky on Friday).
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Post by Deleted on Jul 3, 2013 8:13:37 GMT -8
The other day I expressed my delight that my July 5 $420/$425 BCSs had jumped from 9¢ to over a dollar. I stated that my basis was $1.75. That was an error (confused these with other holdings). My basis on the $420/$425 BCSs is $2.35, and I'm rejoicing as they are now printing with GREEN ink for the first time since Bernanke opened his mouth.
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Post by nagrani on Jul 3, 2013 8:24:07 GMT -8
CNBC and their approach with pissing on apple is a blessing. If retail investors think the future is bleak for apple - less call options and less price maneuvering by the folks that sell calls. I say - God bless those shitheads at CNBC.
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Mav
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Post by Mav on Jul 3, 2013 8:41:57 GMT -8
Going back to wait and see mode for now.
AAPL still going nicely considering. Holding 420 would be constructive.
Happy 4th, all!
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Post by Red Shirted Ensign on Jul 3, 2013 8:48:06 GMT -8
Actually doing just fine this past hour. I'm surprised...I thought we would drift down today, maybe to 418....
BWDIK
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Post by Deleted on Jul 3, 2013 8:53:47 GMT -8
CNBC and their approach with pissing on apple is a blessing. If retail investors think the future is bleak for apple - less call options and less price maneuvering by the folks that sell calls. I say - God bless those shitheads at CNBC. I'm hoping OI on AAPL returns to levels we currently see with GOOG and AMZN. Less is more. I cannot WAIT to see the "weeklies" become known for something other than options. I just can't believe the call buyers aren't broke by now. CNBC is still whoring for eyeballs without regard to journalistic integrity.
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Post by Deleted on Jul 3, 2013 9:01:07 GMT -8
CNBC is still whoring for eyeballs without regard to journalistic integrity. They haven't had mine for about two years, and I'm better for it. Have a SAFE and sane 4th everyone, I'd like to see you all on the 8th (even those I disagree with). Gregg
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Mav
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Post by Mav on Jul 3, 2013 9:42:33 GMT -8
Weeklies aren't going anywhere. We'll just have to continue to adapt and be especially wary of trading on Thursday/Friday That said, LAST Friday where AAPL bounced was a bit different. I just wish I'd bought in then instead of waiting for a break above 400...since, y'know, that didn't happen.
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Mav
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Post by Mav on Jul 3, 2013 10:09:26 GMT -8
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Post by lovemyipad on Jul 3, 2013 10:35:53 GMT -8
AAPL a bit red here this morning. As a reminder, the NYSE closes at 1:00 pm today. Obviously, closed tomorrow for Independence Day, and then open a full day on Friday just in time for the PIN or any other shenanigans. Friday is the report on the Employment Situation as well (8:30 EST) which could move markets. For those of you who celebrate - have a great day on the 4th with family and friends. And for our pals in Britain....oh well...at least we are good friends now Phoebes, I always love your morning notes -- thanks so much!!!
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Post by lovemyipad on Jul 3, 2013 10:39:54 GMT -8
401 to 408 then we'll see where we can go. Probably go to $428 before retesting $412. Daily EMA-50-ish, you think? Maybe. At the moment, negative divergences on 1H piling up, but could get a second wind after 1.5 days of rest.
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Mav
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Post by Mav on Jul 3, 2013 10:40:16 GMT -8
Today was pretty nice, though some may try to make hay from the doji cross. Could just as easily be a stop to rest. We'll know more Friday.
Redler mentioned 408-410ish holding to be constructive. I think it'd be better for AAPL to hold 418.9, more or less. But yes, I get the rules of retrace.
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Mav
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Post by Mav on Jul 3, 2013 10:42:33 GMT -8
iPad, semi-symmetry continues.
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Post by lovemyipad on Jul 3, 2013 10:45:22 GMT -8
Probably go to $428 before retesting $412. When? It looks like the range is set for today. Maybe Friday? IPad, I sold my one measly call yesterday for nice little profit. Nevyn, big congrats on the profit!! And while it might hurt a bit to watch the rest of this upwave, I'm a big believer in gap-filling; so my WAG is that you get a chance to reload around 400-ish.
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Post by lovemyipad on Jul 3, 2013 10:46:31 GMT -8
iPad, semi-symmetry continues. Was ABOUT to post: where's the chart? Then I checked The Tree. ;D Thank you! Nice chart! And I see what you mean now!
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Post by Red Shirted Ensign on Jul 3, 2013 11:07:30 GMT -8
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Post by Red Shirted Ensign on Jul 3, 2013 11:47:32 GMT -8
Found this on the street...band had broken....any idea what it is? Mercel is still using this version from 1984....so dated...
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Post by redinaustin on Jul 3, 2013 12:27:24 GMT -8
cnbc just teased an upcoming guest who believes that aapl could go down ANOTHER 42%... that would be sub-250 lolll edit: David Trainer is the guy to send hate mail to. And yet they still give the clown air time. Same old CNBC. With or without Melissa Lee. Which is exactly why he made the call - doh!
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Post by Lstream on Jul 3, 2013 12:33:30 GMT -8
And yet they still give the clown air time. Same old CNBC. With or without Melissa Lee. Which is exactly why he made the call - doh! Yep.
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Post by Deleted on Jul 3, 2013 13:17:29 GMT -8
Someone here needs to get on CNBC by widely pronouncing a $200 AAPL 12 month price target due to apples ecosystem strategy, and only upon appearing live on air mention that it was based on a 5-for-1 share split.
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