Week Ending 10/18/13: $508.83 (+16.02)

[Mav]

A nice, quiet, steady bullish week. And after almost two months, a weekly close over 500. I'll take it!

[vitalogy80]

But I thought it was a Monthly options today with massive amounts of 500 calls? Did Max Pain fail us again? Or do we only talk about Max Pain when we're down on Friday, not up??

[Mav]

Not sure where you're going with this. For my part, I use OI as a sentiment tool, not a crutch.

Some months, you have a 500.00 pin (Jan 13).

Some months, sentiment prevails over psychology. OTOH, OI range _was_ 500-510, and it's a plain fact that whatever "breakout" AAPL is involved in, it's not exactly the one you might expect from a multi-week consolidation or a reversal pattern trigger. And hey, wasn't there a golden cross not long ago too?

Still great technically, just not TSLA.

[JDSoCal]

Oct 18, 2013 15:25:41 GMT -5 vitalogy80 said:

But I thought it was a Monthly options today with massive amounts of 500 calls? Did Max Pain fail us again? Or do we only talk about Max Pain when we're down on Friday, not up??

Are you 14 years old? "Nah nah nah, max pain failed!"

Sure, I'll talk about it. Options losing their influence over AAPL is a good thing. It is bullish. I hate pain and pinning. I wish pain and pinning would go away forever. As well childish people that come on the board and make a bullish week into a negative because they are more excited about scoring points on the board instead of in their brokerage acct.

Cheers to the longs.

[greggthurman]

I've decided that Apple's event on Tuesday isn't going to have announcements on the scale of OSX Mavericks or iPhone 5S/C. This is going to cause a small, but short, selloff.

So, I've already placed a sell order for the OCT Week 4 BCS contracts I bought today. If they haven't sold by 3:30 PM on Monday I will adjust to get out of them. After the event I'll be looking at NOV Week 2 contracts.

[sponge]

Just like clock work I expect a selloff of some kind on Tuesday. I will buy some weeklies that day and join Gregg in this gambling enterprise.

Great week. Still hope to see 520 by Monday the 28th.

[aapl4kiki]

Oct 18, 2013 16:29:07 GMT -5 sponge said:

Just like clock work I expect a selloff of some kind on Tuesday. I will buy some weeklies that day and join Gregg in this gambling enterprise.

Great week. Still hope to see 520 by Monday the 28th.

Like the rest of you degenerates, I'll hit the tables next week as well.

525 by ER. Has a mini-GOOG "pop" to 550 after earnings.

[sponge]

Oct 18, 2013 16:53:06 GMT -5 aapl4kiki said:

Oct 18, 2013 16:29:07 GMT -5 sponge said:

Just like clock work I expect a selloff of some kind on Tuesday. I will buy some weeklies that day and join Gregg in this gambling enterprise.

Great week. Still hope to see 520 by Monday the 28th.

Like the rest of you degenerates, I'll hit the tables next week as well.

525 by ER. Has a mini-GOOG "pop" to 550 after earnings.

LOL
I expect a 6-10% with another 6-8% move two weeks later.

[Mav]

What exactly do you mean not on the same scale as iPhone?

NOTHING will be on that scale for the foreseeable future, maybe ever. Not iPad, not a TV, not iWatch. Simple revenue mix and market size.

[rickag]

Oct 18, 2013 17:00:59 GMT -5 Mav said:

What exactly do you mean not on the same scale as iPhone?

NOTHING will be on that scale for the foreseeable future, maybe ever. Not iPad, not a TV, not iWatch. Simple revenue mix and market size.

iHub. The pieces are slowly coming together. The big one being extra WIFI bandwidth using the latest protocols, and Bluetooth 4. Peripheral devises like Nest, IOS for your auto, home lighting, wireless door locks, etc. The ecosystem, iPhone, iPad, iCloud, iTunes, iTV. Oh and iBeacon for your home. The 64 bit Arm SoC, this is huge.

Imagine a scaled down MacPro, heck it is smaller than a letter sized sheet of paper in height and width. Imagine an A8X or A9X in a 4 core and/or multiprocessor configuration, SSD drive. Everything syncs including your auto in the garage.

Walk in your home and ask,"Siri, it's too hot in here, I'd like to watch the news.". Instantly the news selections appear on screen and Nest remembers your favorite room temperature. Go to the den and ask,"Siri, I want to play World of Warcraft", your dumb terminal activates and starts the game at your last save point.

In the kitchen you ask, "Siri, got any good quick Chinese recipes?", another dumb terminal or your iPad pulls up a selection (curtesy of iBeacon, Siri knows you have your iPad next to you) of recipes.

It's coming, who do you think will have the best system and ecosystem?

[Mav]

Grand scheme, OK.

Actual $$, I'm not sold on any _set_ of Apple products/services outselling iPhone for many quarters at least.

I'm all for new product categories and supercharged sentiment. But iPhone brings home the iBacon.

[rickag]

Oct 18, 2013 17:41:10 GMT -5 Mav said:

Grand scheme, OK.

Actual $$, I'm not sold on any _set_ of Apple products/services outselling iPhone for many quarters at least.

I'm all for new product categories and supercharged sentiment. But iPhone brings home the iBacon.

I can dream big sometimes, 😄

[Red Shirted Ensign]

Oct 18, 2013 16:53:06 GMT -5 aapl4kiki said:

Oct 18, 2013 16:29:07 GMT -5 sponge said:

Just like clock work I expect a selloff of some kind on Tuesday. I will buy some weeklies that day and join Gregg in this gambling enterprise.

Great week. Still hope to see 520 by Monday the 28th.

Like the rest of you degenerates, I'll hit the tables next week as well.

525 by ER. Has a mini-GOOG "pop" to 550 after earnings.

Can you get rid of that picture of Sponge you are using for an avatar. It gives me the willies..

[rickag]

Just for fun, here's a link;

AMD to ship 64-bit ARM chips to server makers next year

AMD says its 64-bit ARM server chips will be up to four times faster and more power-efficient than its latest quad-core x86 Opteron X-series chips, which draw up to 11 watts of power.

[JDSoCal]

[Mav]

AAPL 575 weeklies for earnings baby! (Uh, no)

[Mav]

Red, you should thank Raffi. He's why gold is best. I mean, selling so well.

[sponge]

Oct 18, 2013 18:15:49 GMT -5 Mav said:

Red, you should thank Raffi. He's why gold is best. I mean, selling so well.

That's ok with the pic. I want to show a before and after, once I trim down. ;D

That damn gold is still hard to find.

[Luckychoices]

Oct 18, 2013 17:20:53 GMT -5 JDSoCal said:

Oct 18, 2013 16:45:36 GMT -5 marcellus said:

Institutions are guilty of groupthink, content as they are buying GOOG at these ridiculous levels. Seriously, if there were valid reasons to bet so heavy on GOOG here, the memo would have leaked out from somewhere. All we get are dumb bunnies in the media "explaining" GOOG with the same sort of glib commentary you'd hear from astrologers. Has anyone seen any kind of rational thinking justifying the unbridled enthusiasm for Google's future?

Yep, not a peep about "OMG BUBBLE! LAW OF BIG NUMBERS DERP DERP!" like there was about Apple @ $700.

I seriously doubt the vast majority of investors - institutional or retail - realize what I referred to yesterday, i.e., Google's business model is selling ads on desktop PC's, mobile is killing desktops, Google makes much less on mobile, and Apple makes much more on mobile.

But these deep-thinkers look at Google and see no realistic competitor in the ad space, so Google can't lose. And Apple has lots of competitors in the mobile space, so they can't win.

This is what passes for fundamental analysis that values Google twice as highly as Apple (4X if you look at P/E, which obviously investors do not).

But the opposite is true. What their tiny reptilian brains cannot see is that Google's competitor is mobile, more specifically, Samsung. Every Android phone search that takes away a desktop search is a massive cannibalization of profit. Android is like a Vichy collaborator in WWII.

Nice posts from both of you.

[Red Shirted Ensign]

Apple pumping up orders for 5s, cutting back on 5c?

www.macrumors.com/2013/10/18/apple-increasing-iphone-5s-production-by-75-cutting-iphone-5c-orders-by-35/

Maybe.....and maybe this is the best kind of news because 5s demand is off the charts ( margins up!) and they made millions of 5c before September 20 and are just easing back to steady run rates.

It's alllllllllll. Good!