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Post by stkstalker on Oct 7, 2012 14:44:32 GMT -8
I guess I can kick off the new new daily thread. US Futures are barely red, basically flat. Sales for China's Golden Week holiday were up 15%, but down from last year's growth rate of over 17%. We have 321 members and 5000 posts and quite a few guests! We are off to a great start! Hope this helps
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Post by podboy on Oct 7, 2012 16:26:24 GMT -8
I find it amazing the amount of members that have migrated to this board in such a short time. The future looks bright for AAPL & this board. The more viewpoints and opinions we have here the better. I can't imagine the amount of AAPL investors calling this home five years from now. Thanks ipad and all the contributing members that have been investing in AAPL long before myself.
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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 7, 2012 16:37:06 GMT -8
Forum statistics are always hard to figure, and there're a lotta lurkers (which is just fine!), but yep, iPad has built quite the community here.
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Post by appledoc on Oct 7, 2012 16:48:58 GMT -8
Here's to a better week boys and girls!
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Post by rutgersguy92 on Oct 7, 2012 17:03:53 GMT -8
Here's a tweet from Travis after the close on Friday:
"I'll have to update the Red Friday = Green Monday stats. Used to be 86% you see intra-day green and 65% closes green."
That hopefully bodes well for Monday.
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Post by appledoc on Oct 7, 2012 17:13:41 GMT -8
When I see articles titled "Markets brace for earnings slowdown" that's when I feel safest jumping in again!
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Post by Red Shirted Ensign on Oct 7, 2012 18:33:06 GMT -8
Lets see what happens with our rumored notice on the tenth. If it happens, it will jump start positive speculation....or, to put it another way, a notice of an event can't be construed as bad news.... But if there is no event notice?
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Post by Wile E. Coyote on Oct 7, 2012 18:33:18 GMT -8
We have 321 members and 5000 posts and quite a few guests! How do you get these numbers / Where from?
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Post by mbeauch on Oct 7, 2012 18:39:24 GMT -8
We have 321 members and 5000 posts and quite a few guests! How do you get these numbers / Where from? Click on the home Apple and scroll to bottom.
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Post by stkstalker on Oct 7, 2012 18:48:25 GMT -8
How do you get these numbers / Where from? Click on the home Apple and scroll to bottom. Damn! Really? I have been staying up all hours and have this humongous spreadsheet I have been working on. <sarcasism off>
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Post by doubledraw on Oct 7, 2012 19:04:39 GMT -8
An excellent article by Nick Nansen nanseninvestments.com/2012/10/06/an-aggressive-conservative-style-for-trading-apple/as a younger guy who would like to eventually stop working for someone else and start making a living trading, it is sage advice. I believe I am maybe 10 years away from my dream and this article made me realize how much work I have to do in that time. For the most part, I have been following the advice he has laid out, but I have veered off the path a few times and need to curb those bad habits (buying this OCT 12 calls on friday being an example).
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Post by roni on Oct 7, 2012 19:09:29 GMT -8
An excellent article by Nick Nansen nanseninvestments.com/2012/10/06/an-aggressive-conservative-style-for-trading-apple/as a younger guy who would like to eventually stop working for someone else and start making a living trading, it is sage advice. I believe I am maybe 10 years away from my dream and this article made me realize how much work I have to do in that time. For the most part, I have been following the advice he has laid out, but I have veered off the path a few times and need to curb those bad habits (buying this OCT 12 calls on friday being an example). I thought it was too arrogant by half, like this from the end of the post
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Post by doubledraw on Oct 7, 2012 19:11:59 GMT -8
I thought it was too arrogant by half, like this from the end of the post I agree, it came off as arrogant but I think there are many nuggets of truth in there. I think I would blow my account out if I tried to trade as my sole source of income right now due to many of the traps that he mentions. I like his style of investing and believe it is a successful style that will stand the test of time.
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Post by sponge on Oct 7, 2012 19:28:57 GMT -8
Nick is a very smart guy. I value his insight and confidence.
One must read his whole site to understand where he comes from.
As a member of Bullishcross and Apple Sanity along with Braeburngroup, he has a wealth of experience and knowledge in how aapl and the market works.
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Mav
Member
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Post by Mav on Oct 7, 2012 19:49:33 GMT -8
That IS a funny one.
I've done OK with 10+ years and many hundreds of trades under my belt. I continue to be amused by people with "agendas." I'm a multi-timeframe trader-investor. Some short-term, a lot more medium/longer-term, core common I will not touch.
Heck, even Redler the "hypertrader" has different accounts (active day, swing, SPY or something here or there for crying out loud!).
I'm fine with Nansen, as said before. I'll continue to object where I find it objectionable, though. There is more than one way to win the game. Just because you like your one way doesn't mean the others are wrong or less good. And NEVER be too confident in your strategy. It's tantamount to hubris.
And of course it's only my humble, uneducated opinion.
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Post by mbeauch on Oct 7, 2012 19:57:29 GMT -8
The way I look at it, it is his website, he can write whatever he wants, it is the readers job to determine value. Although I thought most of what Nick is saying is stating the obvious, if someone is new they would benefit from reading. I am not a day-trader, have no desire to be one. If I was going to give advice it would be to not be a day-trader. lol I have been involved in the market for half of my life, I still see things I do not believe can happen.
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Mav
Member
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Post by Mav on Oct 7, 2012 20:06:11 GMT -8
I day trade only occasionally, personally. <20 times a year, for sure, maybe <10.
There's speaking from experience and then there's speaking with authority. Both are fine, but when you do the latter, you gotta back it up or be very sure in what you're saying. Sure, the bull call spread strategy is lower-risk, but it's still an options play end of the day.
Nansen, speaking with authority, says:
That's an AAPL bull talking. The inflection is critical for newbies. Sure, it'll probably happen. But "ridiculously easy", "really safe and easy" instinctively make me skeptical. Those are words of promise. There ARE no promises in this market. Directional trading is directional trading with all that implies.
But yup, freedom of speech, seems like he's been very successful, I'm fine with Nansen, to each his known, YMMV and all the rest.
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Post by podboy on Oct 7, 2012 20:27:09 GMT -8
Any of you members of Apple Sanity? Do you find enough value there to warrant the yearly subscription?
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Post by lovemyipad on Oct 7, 2012 20:42:13 GMT -8
Newbies could do a whole lot worse than following Nick! He gets two thumbs up from me!
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Deleted
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Post by Deleted on Oct 7, 2012 20:49:22 GMT -8
When I see articles titled "Markets brace for earnings slowdown" that's when I feel safest jumping in again! In a perverse sort of way I find financial articles helpful. Considering just how bad financial reporting is (especially Apple/AAPL reports), taking the opposite view is statistically beneficial. So here's to media hit whores, trolls and idiots, for they create buying opportunities. Besides, they have a half life of 9 months, so who cares what they say on their way to the bottom of the food chain?
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Mav
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Post by Mav on Oct 7, 2012 21:41:44 GMT -8
Futures are light red...call it -0.2% or so depending on the index.
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Deleted
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Post by Deleted on Oct 7, 2012 21:52:04 GMT -8
I find it amazing the amount of members that have migrated to this board in such a short time. The future looks bright for AAPL & this board. The more viewpoints and opinions we have here the better. I can't imagine the amount of AAPL investors calling this home five years from now. Thanks ipad and all the contributing members that have been investing in AAPL long before myself. You shouldn't. I checked last Monday to see how things were going back there. TMO has restructured all forums, saying it was necessary because the AFB was dominated by short term options players, and this was alienating those that didn't choose to invest in that way. I could only read, not post because my screen name/password no longer worked and I wasn't about to re-register.
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Mav
Member
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Post by Mav on Oct 7, 2012 22:30:20 GMT -8
Yup, we were a tiny fringe group of options traders that were 90%+ of all AFB forum activity.
And many of us also buy and hold AAPL stock, so...yeah...
But we're here now - almost all of us - and things are awesome, so that's all that matters.
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Post by stkstalker on Oct 7, 2012 22:38:55 GMT -8
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Post by Deleted on Oct 8, 2012 1:05:39 GMT -8
AAPL down $6 to 646.50 in early PM
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Post by lovemyipad on Oct 8, 2012 4:41:11 GMT -8
Dip buyers, these are the levels to watch (green boxes):
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Post by lovemyipad on Oct 8, 2012 4:44:55 GMT -8
A million times better than CNBC... Scott Redler's Morning Call(Good market overview in the beginning, then AAPL at 18:50) "Don't be so overly upset or worried about what just took place here. All it is is the ebbs and flows of AAPL, which...it's sometimes easier to be a trader, sometimes an investor..."
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Post by roni on Oct 8, 2012 4:47:26 GMT -8
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Post by prazan on Oct 8, 2012 5:00:05 GMT -8
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Post by Rupert on Oct 8, 2012 5:00:05 GMT -8
Resistance/Support Monday 10/08/2012
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