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Post by wheeles on Oct 10, 2012 11:03:39 GMT -8
would it be wise to put a stop loss around 638 to avoid getting hurt if we drop suddenly? Yes. Just below 638. I can't guarantee that you won't get stopped out and have AAPL head back up again, but at least you will have made some money.
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Post by frqntflr on Oct 10, 2012 11:04:03 GMT -8
quick glance at daily chart shows we had a hammer yesterday ... that gave me hope we might have seen the bottom of this dip ... but today's inability to break decisively above $645 (Monday afternoon high) plus the low volume today makes me think the dip might not yet be over ... if we can stay above today's low tomorrow ... let's see what the last hour brings us
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Post by onemoreanimal on Oct 10, 2012 11:18:12 GMT -8
I hate to be a pessimist, but I keep reminding myself that this whole mini iPad thing has come from the press Analysts also "confirmed" it's existence, but Apple has been known to delay products for a variety of reasons. From an article in July: "Gene Munster of Piper Jaffray told attendees at the Fortune Brainstorm Tech conference in Aspen that an iPad Mini was “highly likely,” and that he had talked to manufacturers in Asia who are already supplying Apple with components."
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Mav
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Post by Mav on Oct 10, 2012 11:18:42 GMT -8
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Post by rob_london on Oct 10, 2012 11:19:04 GMT -8
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Post by phoebear611 on Oct 10, 2012 11:19:05 GMT -8
What are the chances we grind higher into that close ?...Maybe if we all "WILL IT" it will happen
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Post by Apple II+ on Oct 10, 2012 11:21:17 GMT -8
Apparently the market has decided that a higher PE ratio for Apple is most definitely unreasonable, in spite of the growth numbers they have put up. I think Zaky is right in making the $1000 case with no PE expansion. If he is wrong on that, then we just get there faster. But right now, we have zero evidence that he is wrong. In fact, I think there is a pretty compelling case he is right. Of course it can get to $1000 without P/E expansion. Might as well say they're going to sell a lot of iPhones. I just think it's worth pointing out that valuation is so low on a P/E basis that it could go up and still remain undervalued. Andy is great, but he calls a P/E "within a range of 14.5 to 15.5 ... a fitting valuation for the world’s only mega-cap growth company" and says AAPL has "fair value at 15x earnings". It's the "fair" valuation rhetoric at a P/E of 15 that I take issue with. It seems like capitulation. Part of what makes AAPL such a great investment is that it's so undervalued on a P/E basis. He left that out of his analysis. We'll see what the market decides going forward. Nice thing about the market is there's always another year of trading ahead, so we can always say "wait until next year" (with a nod to the Cubs).
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Mav
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Post by Mav on Oct 10, 2012 11:28:25 GMT -8
Thanks to nkmho and iPad for the forum RT AAPL ticker!
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Mav
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Post by Mav on Oct 10, 2012 11:39:47 GMT -8
Sigh. Oh well, I'll try my best to survive the bears for now.
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Post by Rupert on Oct 10, 2012 11:48:06 GMT -8
Thanks to nkmho and iPad for the forum RT AAPL ticker! Nice work!! Looks cool.
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Post by podboy on Oct 10, 2012 11:48:16 GMT -8
Opened an Options Xpress account. I just transferred my Scottrade account to OX. What is the general consensus on OX?
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Post by rutgersguy92 on Oct 10, 2012 11:54:28 GMT -8
Thanks to nkmho and iPad for the forum RT AAPL ticker! What's that about, Mav?
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Post by prazan on Oct 10, 2012 11:57:11 GMT -8
You should not be risking that money at all in my opinion. Investing scared is a BAD idea. But this is not advice. I appreciate your advice, and I will definitely be careful in the future. I can afford to lose 3K, even if it would put me in a very bad mood for a couple of months I set a stop loss so even if we do fall to 380 I still make a tiny profit (almost nothing if counting commissions/interests/taxes) Of course I hope we don't go back down there... A stop loss is a good idea when investing on margin, particularly if you'd be subject to a margin call in a hurry if the market breaks bad. The idea is to book profits when you can and to avoid going underwater if there's any chance of a margin call. If you don't have to worry about a margin call (my margin plays are 10% of account) then the stragegy might change.
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Post by phoebear611 on Oct 10, 2012 12:00:33 GMT -8
$640.88
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Post by rutgersguy92 on Oct 10, 2012 12:01:46 GMT -8
Very uneventful close (kind of like what happened with the IPad mini invitations today). Last hour gave us a net loss of $.34.
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Post by prazan on Oct 10, 2012 12:02:04 GMT -8
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Post by wheeles on Oct 10, 2012 12:07:36 GMT -8
There's still AH in which invitations could go out. Hope they do as that should give us a decent pop.
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Post by lollo on Oct 10, 2012 12:18:47 GMT -8
would it be wise to put a stop loss around 638 to avoid getting hurt if we drop suddenly? Yes. Just below 638. I can't guarantee that you won't get stopped out and have AAPL head back up again, but at least you will have made some money. Thanks, i did follow your advice but in the end I sold at 640.8. Made more than what I earn in my day job over the same amount of time, so I can go to bed happy. I hope for all you guys that I will regret my choice, but I just didn't want to get greedy and this iPad invitation really upset me today... I will get back in when I am certain that we get back in an uptrend.
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Post by mbeauch on Oct 10, 2012 12:21:49 GMT -8
More fuel for the ongoing debate as to whether or not the market is manipulated... www.cnbc.com/id/49333454FWIW, I shares Phoebe's perspective... Noooooooooooo, we are all just conspiracy nuts that don't understand what is going on, just ask Jeffi.
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Post by prazan on Oct 10, 2012 12:22:40 GMT -8
Thanks for this. I liked the second article about Apple's future lying in AI, too. I've been thinking lately that everyone is anticipating new products but that the future might instead might be better served by new uses for the current products.
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Post by lovemyipad on Oct 10, 2012 12:24:36 GMT -8
Blah, ambiguous close.
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Mav
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Post by Mav on Oct 10, 2012 12:29:41 GMT -8
Thinking the same thing, iPad. :/
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Post by mcharliem on Oct 10, 2012 12:30:02 GMT -8
More fuel for the ongoing debate as to whether or not the market is manipulated... www.cnbc.com/id/49333454FWIW, I shares Phoebe's perspective... Anyone who spams the exchanges with orders like this will absolutely get fined by the exchanges. They take spam orders like that very seriously because it's a huge pain in the ass for them to have those orders clogging up the real orders.
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Post by Red Shirted Ensign on Oct 10, 2012 12:34:39 GMT -8
iPad announcements go out tomorrow..... You heard it here first I will post this every day until it is true......
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Post by phoebear611 on Oct 10, 2012 12:35:38 GMT -8
More fuel for the ongoing debate as to whether or not the market is manipulated... www.cnbc.com/id/49333454FWIW, I shares Phoebe's perspective... Anyone who spams the exchanges with orders like this will absolutely get fined by the exchanges. They take spam orders like that very seriously because it's a huge pain in the ass for them to have those orders clogging up the real orders. It happens ALL the time and the SEC and other agencies are not equipped with enough manpower and technology to deal with it. They will find one once in a while but it happens frequently. Anyhow -- more importantly, AAPL -- where to now, Columbus?
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Post by rutgersguy92 on Oct 10, 2012 12:35:50 GMT -8
More fuel for the ongoing debate as to whether or not the market is manipulated... www.cnbc.com/id/49333454FWIW, I shares Phoebe's perspective... Anyone who spams the exchanges with orders like this will absolutely get fined by the exchanges. They take spam orders like that very seriously because it's a huge pain in the ass for them to have those orders clogging up the real orders. Fines are a slap on the wrist. They need to disbar them permanently (or the equivalent in wall street), and then we'll see how often this stuff happens.
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Post by nate010203 on Oct 10, 2012 12:40:45 GMT -8
Green!!!!! Im working so I cant read this board right now. Anywho.. Its kind of odd that the ipad mini invitations didnt go out today the news articles said today was the day.
Im really hoping that we have hit bottom.
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Post by mbeauch on Oct 10, 2012 12:44:47 GMT -8
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Post by rob_london on Oct 10, 2012 12:48:39 GMT -8
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Post by phoebear611 on Oct 10, 2012 13:17:57 GMT -8
I have seen this often. If I make a comment about Doug Kass talking his book up by tweet suddenly disappears. Trader Florida is someone the thread loves to hate because he is just about always short AAPL and he posts videos making people feel like they are all baffoons for not doing what he is doing. For some reason Stocktwits has taken Trader Florida's side and this is pretty shocking. I guess it is not even close to being a Twitter type thread. Very, very bothersome. They only put out what they feel is appropriate. Censorship at its best
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