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Post by lovemyipad on Oct 12, 2012 12:06:14 GMT -8
Lame. Ambiguous. Blah.
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Post by prazan on Oct 12, 2012 12:12:25 GMT -8
Then again, we live to fight again. Nothing ambiguous about that.
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Post by wheeles on Oct 12, 2012 12:12:55 GMT -8
It's a Friday when there is no monthly OpEx. Completely typical. This is why I hate these sorts of Fridays as we were all primed for a decent move up into the close, and instead we got all those damn calls pile on just above to kill the move stone dead. This then impacts longer term technical studies.
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Post by lovemyipad on Oct 12, 2012 12:13:48 GMT -8
Can you quote a little from the article, or summarize. You can even use the summarize service within OS X. I have a decent amount of Oct spreads topping out at 630. I'm fairly confident in them, but would love to hear what they said, or at least get an idea about it, before having to sign up for yet another AAPL forum. Sorry about that!!! I forgot AT99's forum requires registration!!! He is also a member over here...
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Post by dreamRaj on Oct 12, 2012 12:18:35 GMT -8
Doubled down on my Feb 750s and also Oct 650s just before close.
Next week should be fun with the official invite coming out.
Have a good one, guys. Cheers!
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Post by nate010203 on Oct 12, 2012 12:47:01 GMT -8
I think we break out of this downtrend next week. Earnings are coming and the ipad mini is coming as well. The ipad mini will sell well I think and that will help drive the stock up.
I think by end of year we see 700+. Im holding long and strong.. in fact I bought 1 share today at 630.00
I have been reading lately that apple usually bottoms in october and typically rises the rest of the year. Of course that is no guarantee of what is going to happen.
Some bullish news about apple
Apple’s (NASDAQ:AAPL) iPhone 5 Beats Samsung Galaxy S III in Terms of Web Traffic Posted by Andi St. Hume on Oct 12, 2012 2Apple Inc’s (NASDAQ:AAPL) iPhone 5 has been available in the market for hardly one month but you will be amazed to know that it has surpassed the Samsung Galaxy S III on the basis of Web traffic volume. The main reason behind this achievement is that Apple has sold a record number of iPhone 5 units in a very short time. Another factor which can account for this success is that Apple is offering its latest 4G browsing speeds which spur data usage.
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Mav
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Post by Mav on Oct 12, 2012 12:52:47 GMT -8
Then again, we live to fight again. Nothing ambiguous about that. Disagree with iPad. The bleeding stopped. That does require the Leap of Faith™ though, and someone dumb enough to try and use the Mental Blender™ approach to trading (factoring in for iPad mini, which is of course non-technical). If AAPL gets sold off on that, I might be back on defense until after earnings. As I noted above, SMA-100 and 61.8% Fib retrace of the 570-605 move have not been breached, which I also regard as plusses. The next inflection point is the iPad mini media invite which people still don't seem to believe is on the way yet.
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Deleted
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Post by Deleted on Oct 12, 2012 13:09:07 GMT -8
Someone already linked to it earlier, but I highly recommend Horace's latest asymco.com post on apples '"realised P/E ratio".
It's a stunner.
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4aapl
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Post by 4aapl on Oct 12, 2012 13:12:49 GMT -8
Thanks nkmho
I'm not too worried, but maybe I should be. Luckily 2 of my 3 sets of spreads have breakeven points below 610. 615 should give me an overall profit. I have 570-620's, 590-630's, and 600-630's.
Even so, a close in the 600 to 620 range would be a 68% to 20% off the full value I was expecting, and would be a significant dollar figure. And the lower end of that would give an overall loss, since I probably paid around 50% of potential total value, looking for a double.
OTOH, if AAPL were to dip that low, I'd probably double down with other options, so it all balances out a bit but would give me some losses this year while I'd much rather the losses were next year if I'm going to have them, what with at least some tax increases (that extra 3.8%) being likely no matter what happens in the election.
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Post by appledoc on Oct 12, 2012 13:54:59 GMT -8
In the environment of the past two weeks, I will gladly take a little bit of green. Intraday action didn't entirely suck either. I'm hoping next week we find more solid footing in the Oct 23 iPad mini announcement.
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Post by bernard on Oct 12, 2012 14:00:37 GMT -8
Thanks nkmho I'm not too worried, but maybe I should be. Luckily 2 of my 3 sets of spreads have breakeven points below 610. 615 should give me an overall profit. I have 570-620's, 590-630's, and 600-630's. Even so, a close in the 600 to 620 range would be a 68% to 20% off the full value I was expecting, and would be a significant dollar figure. And the lower end of that would give an overall loss, since I probably paid around 50% of potential total value, looking for a double. OTOH, if AAPL were to dip that low, I'd probably double down with other options, so it all balances out a bit but would give me some losses this year while I'd much rather the losses were next year if I'm going to have them, what with at least some tax increases (that extra 3.8%) being likely no matter what happens in the election. FYI: AT99 posted an analysis on his website of the earnings month OPEX close prices vs the 100DMA and found that going back to April 09 (when it didn't hold) and Apr 11 when it was 3% lower that the OPEX price was minimally 1.68% higher than the 100DMA and often much higher - average being 9% higher. If the Apple price closes at 630 for the next five days to OPEX this coming Friday, the 100DMA will be 629.44. So you will have a tight squeeze perhaps, but 1.68% higher will of course raise the DMA and add minimally 10 pts to that price and bring it close to 640 and under the 650 call wall where I think we will stall. Be prudent and good luck.
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Deleted
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Post by Deleted on Oct 12, 2012 14:03:04 GMT -8
It will take a miracle to get us over $650 next Friday, but I will happily take a $20 rise next week regardless.
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Mav
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Post by Mav on Oct 12, 2012 14:10:49 GMT -8
Things could get weird, like sell before the event (iPhone 5). So I'm buying a little time and some margin for error. I can try a short-term countertrend play, I can wait it out a bit. The long call of the BCS is fairly ITM right now.
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4aapl
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Post by 4aapl on Oct 12, 2012 14:19:02 GMT -8
bring it close to the 650 call wall where I think we will stall. That's what I've been thinking for the past week on the 100DMA. It's moving up about a point a day (if so, I came up with 627 instead of your 629, but right around there), and there's not too many times and not too long that the stock has stayed below the 100 DMA. BTW I got a kick out of your statement above. Maybe it should go on Seasame Street as a followup to "Stan, the man, in the tan van"
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Post by phoebear611 on Oct 12, 2012 15:03:21 GMT -8
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Mav
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Post by Mav on Oct 12, 2012 15:11:26 GMT -8
I think most of us saw this on the way. The right thing to do, everybody's happy, a very, very minor PR issue for Apple.
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Post by nate010203 on Oct 12, 2012 15:32:15 GMT -8
april 10 2012 628.44 may 18 2012 530.38
During that downtrend earnings was on april 24 and went up from 560.28 to 610.00 in a day only to come back down and resume the downtrend for nearly another month.
The price action looks very similar. Apple is currently in a downtrend going into earnings. I think at this point the high 600s before earnings are not a possibility anymore sad to say. Im hoping earnings are good enough that it can lift the stock a bit but if apple is still in a downtrend even positive earnings might not help.
I am still hoping for 700 by the end of the year anything past that is gravey. I really these prices will be a distant memory by the end of the year hopefully we are well into the 700s at that time and not the 500s.
It could have been a lot worse this week.
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bud777
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Post by bud777 on Oct 12, 2012 18:13:00 GMT -8
Has anyone figured out how to ignore people in the ProBoards app? People I have ignored on the PC still show up here.
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Post by nkmho on Oct 12, 2012 18:39:33 GMT -8
Has anyone figured out how to ignore people in the ProBoards app? People I have ignored on the PC still show up here. Unfortunately, no. I think you're going to have to take it up with the Proboards people.
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