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Post by lovemyipad on Oct 3, 2012 8:43:21 GMT -8
That's the one that has to hold!
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Post by cambrose on Oct 3, 2012 8:46:00 GMT -8
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Post by rutgersguy92 on Oct 3, 2012 8:51:17 GMT -8
This run looks very promising on the 10-minute chart, which I am following on TD. The MACD are below the zero line, and pointing upward, and it just might get us to 669. We'll see. Same thing is happening on the 10-min. MACD is red, and starting to curve uphill. RSI is almost hitting the red line, from which the stock starts to rise. Might see 671 from here.
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Post by frqntflr on Oct 3, 2012 8:54:01 GMT -8
just reading all the Kass posts reminds me why i don't day or swing trade AAPL ... so long as fundamentals are still there I'm comfortable holding to my position ... and I'm still not seeing anything to change the fundamental story here ... in fact, dividends are now giving me even more reasons to hang in there (aside from capital gains issues)
so I'm in the Sponge camp except I dont keep buying more every time I have some change
and I'm STILL waiting for my iP5 ordered on the 16th ... order status still shows "Processing" with delivery 11th-17th ... just exactly how long does it take to make an iPhone anyway?
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Post by ccs on Oct 3, 2012 8:54:09 GMT -8
That's the one that has to hold! Because...... It's the 50% retrace from the downwave from 682 to 650???
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Post by podboy on Oct 3, 2012 8:55:28 GMT -8
So looking forward to the Q1 earnings report next year, many think it will be the largest ever. With such great earnings this would compress the PE ratio correct? I am thinking of selling some of my common shares then to buy LEAPS & BCS's. Would this be a wise decision if the PE was around 12-13?
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Post by erictheoracle on Oct 3, 2012 9:05:56 GMT -8
IMHO, all of the above. On train days, the last 30-60 minutes often run strong in the other direction. As you said, today will tell us a lot -- let's see which side has the greater follow-through. But I guess as a day trader you don't care. You trade by minute to minute moves and try to make money either way. I am sure you loved the last several day's wild swings!? ;D Lots of opportunities to make money. I did.
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Post by Tetrachloride on Oct 3, 2012 9:09:01 GMT -8
"wise" -- tricky question. Work from another point of view. Do you have money in the bank for savings and/or steady job separate from your investments ? If yes, some leaps or spreads are possible. If no, then its time for a big think.
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Post by podboy on Oct 3, 2012 9:14:30 GMT -8
No kids/wife, no debt, 26 yr old, and I'm an engineer for NASA. I can afford some option calls. I know it's different for everyone. Thanks
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Oct 3, 2012 9:20:19 GMT -8
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Post by rutgersguy92 on Oct 3, 2012 9:22:15 GMT -8
No kids/wife, no debt, 26 yr old, and I'm an engineer for NASA. I can afford some option calls. I know it's different for everyone. Thanks Did you work on the Mars Rover, by any chance?
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Post by rutgersguy92 on Oct 3, 2012 9:26:00 GMT -8
No kids/wife, no debt, 26 yr old, and I'm an engineer for NASA. I can afford some option calls. I know it's different for everyone. Thanks Did you work on the Mars Rover, by any chance? I had 3 connections with NASA: 1) Buzz Aldrin received his PhD from my alma mater; 2) Neil Armstrong was a member of the same college fraternity as myself; and 3) one of my fraternity bros applied for the space program in mid-70's, since they were just accepting apps for the Shuttle program. Too bad funding is being reduced, but these are tough times. Perhaps in a few years, when things get better, perhaps NASA can ramp up again. It was great living through the Apollo years, and I'm sorry my children haven't had the same opportunity.
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Post by erictheoracle on Oct 3, 2012 9:33:21 GMT -8
Overweight means sell and underweight means buy. Unless somebody says they are underweight on something. In that case, it means they're bearish. Same goes for somebody saying they're overweight something. In that case it means they're bullish. Unless somebody is underweight and they wish they were overweight—in which case they're telling you that they're on the wrong side of the trade. Likewise, if somebody says they're overweight in something that is losing value, they're telling you that they are losing their shirt. The key here is to be as ambiguous as possible so people don't really know what you mean. My work here is done. Managers still own Apple but have lightened up on the number of shares they own. In other words, they sold some Apple and took profits and rebalanced their portfolios.
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Post by artman1033 on Oct 3, 2012 9:37:23 GMT -8
I did. You betcha! Hello fellow Minnesotan!
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Post by erictheoracle on Oct 3, 2012 9:40:44 GMT -8
Hello, Art! This forum looks like the new watering hole for people who enjoy beer. In cans.
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Post by podboy on Oct 3, 2012 9:47:09 GMT -8
Did you work on the Mars Rover, by any chance? I had 3 connections with NASA: 1) Buzz Aldrin received his PhD from my alma mater; 2) Neil Armstrong was a member of the same college fraternity as myself; and 3) one of my fraternity bros applied for the space program in mid-70's, since they were just accepting apps for the Shuttle program. Too bad funding is being reduced, but these are tough times. Perhaps in a few years, when things get better, perhaps NASA can ramp up again. It was great living through the Apollo years, and I'm sorry my children haven't had the same opportunity. I'm in aeronautics not space. Main objective is to make jet engines quieter. Neil Armstrong was one of the most humble human beings while Buzz had a bit of an ego. He wanted to be the first man on the moon, NASA gave that honor to Neil thus Buzz wouldn't take any pictures of Neil on the moon. Most photos are of Buzz taken by Neil.
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Post by artman1033 on Oct 3, 2012 10:08:38 GMT -8
Hello, Art! This forum looks like the new watering hole for people who enjoy beer. In cans. How sad! I think I had about 6000 posts at the old AFB before I left and had them deleted. And that is the one you recall! For the record: It is Miller High Life in BOTTLES! (it has to be fresh. it is the best)
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Post by podboy on Oct 3, 2012 10:08:58 GMT -8
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Post by phoebear611 on Oct 3, 2012 10:22:52 GMT -8
I don't mind hanging out at 666 as long as I get the opportunity to do it at 777 and 888
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Post by renee on Oct 3, 2012 10:25:34 GMT -8
That dreaded [glow=red,2,300]666[/glow]is in the rear view mirror....may it stay so! Yes - 666 - quite the devil today...
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icam
Member
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Post by icam on Oct 3, 2012 10:37:13 GMT -8
I did. You betcha! Hello fellow Minnesotan! Go Gooophers! Skol Vikings! Win Twins! Let's go Wild!
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Post by rutgersguy92 on Oct 3, 2012 10:41:21 GMT -8
I don't mind hanging out at 666 as long as I get the opportunity to do it at 777 and 888 Well, if we hold it, than the rally continues.
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Post by prazan on Oct 3, 2012 10:42:20 GMT -8
Well, let him put his client and his own money into shorting Apple. We need the Rocket fuel. I'm sure he is brilliant but has he held a Samsung Galaxy lately...the squeezable plastic shell is heavier..... I distinctly remember him going into an apoplectic diatribe on AAPL being parabolic about 300 points ago. He said to stay short and that it was a "mania." The problem with these guys is that they won't admit when they are wrong and have access to the media to pump their book. What a joke. If you can link to this that would be great! Nothing like having the facts to fight FUD, or FFF.
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Post by mjuarez on Oct 3, 2012 10:45:47 GMT -8
Ok I was wrong. The Mini is coming. Bought April 13 and Oct 690s. I think we should take off tomorrow. Why the flip-flop? Nothing has really changed out there.
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Post by rmhe1999 on Oct 3, 2012 10:47:52 GMT -8
No kids/wife, no debt, 26 yr old, and I'm an engineer for NASA. I can afford some option calls. I know it's different for everyone. Thanks Podboy: 1 kid (3 mos old)/1 wife, some debt, 33 yr old, and I'm an engineer for NASA too. What center do you work for? Govie or contractor?
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Post by podboy on Oct 3, 2012 10:51:59 GMT -8
Glenn civil servant
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Post by ccs on Oct 3, 2012 10:52:51 GMT -8
Holding the 666 - Now for a nice $5-$10 move up in the last hour - Please.
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Oct 3, 2012 10:57:30 GMT -8
I'm fine with 665+1 as a level that needs to hold.
But isn't HOW it holds damn important?
A 666.01 close on blah momentum followed by a market down day = technicals will probably not save the level on that market down day. Narrative and levels combine, seems to me.
For now...Apple's priming for a move of _some_ kind. I'll keep out of the way until I think I see something, right or wrong.
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Post by sponge on Oct 3, 2012 11:13:22 GMT -8
Ok I was wrong. The Mini is coming. Bought April 13 and Oct 690s. I think we should take off tomorrow. Why the flip-flop? Nothing has really changed out there. For me all the other rumors were not coming from sources I would put money on. Once WSJ came out, that confirmed it for me. I think all the way to announcement Oct 17, we should run up into it. This explains the change in earnings release date to end of the following week. I see 720+ in aapl by Oct 18.
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Post by Tetrachloride on Oct 3, 2012 11:16:30 GMT -8
I agree with Sponge. WSJ was the tipper.
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