Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 17, 2015 2:29:09 GMT -8
Good morning everyone. AAPL is trading RED at 125.78 -0.39 (-0.31%) as of 6:25AM. Major US Indices are RED as well. CNBC has a headline "S&P Starts it's Correction Today." Enough said. This bobbing back and forth is driving me crazy. Waiting for AAPL to take a decisive turn to the up side -- which we all know is coming. Perhaps with OE today, the decks will be cleared for take off next week. Another blowout earnings is on the horizon... In the news: FBR says AAPL worth $1,000,000,000. Stories at CNBC, Bezinga and MarketWatch. AppleInsider Apple to offer 'Apple Watch Basics' Workshops at retail stores starting April 24. Moving people up the learning curve can only catalyze sales. Motley Fool has Can Disney Strong-Arm Apple? Would It Matter? Perhaps a better question is can Apple strong arm Disney? Have a great day. Let's make money.
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Post by Luckychoices on Apr 17, 2015 4:39:42 GMT -8
Is there anything that shows the absurdity of basing one's financial investments on the reading of the tea leaves by financial writers and "analysts" better than these two consecutive articles from this morning? - Apple Stock Could Be Facing Some Rough Days Ahead at TheStreet (Fri 5:59AM EDT) - Why this analyst thinks Apple shares are headed to $185 at MarketWatch (Fri 5:12AM EDT)
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Post by artman1033 on Apr 17, 2015 5:10:05 GMT -8
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Post by rezonate on Apr 17, 2015 5:52:27 GMT -8
So now I'm wondering, if the Apple Watches are already built, and the orders are in, and Apple is not planning to stock any for walk-in purchase on "launch day", why wait? Two weeks to just sit there? Why get people excited for a product (with try on sessions) for something they won't be able to buy until June anyway? Conclusion: just ship the stupid things, and everybody will be happier. There is no incentive for waiting. What am I missing here? So now we've got StoreGate. I understand the rationale, less staff needed, less retail space but you also lose impulse buying and instant gratification. They missed a gigantic opportunity IMO with the excitement of the first "new" product in years. And how many launches have we had were there wasn't enough product to meet demand? This has always been the case. Ugh. Totally agree. They would have been much better off without the two week preorder / try on period. They sold all their supply the night before the try on period even started, so what was the point? Just start sales on April 24 and be done with it. People could have tried them on and ordered online after the 24th, with the die hard fans a having gotten theirs already. the smiling faces leaving the store with the first watches - we won't have that at all. Go to apple.com, there on the opening page is an Apple watch with a big notice stating "The Watch is Coming" and on the watch itself it states "FRI 24" The 24th date is completely irrelevant now. You have to admit, even those on this board didn't know until Angela's email was posted that there will be no watches sold at the stores on the 24th. They announced it in the same manner as when they announce new iPhone releases (pre-order date and availability date) so the general public is expecting similar methodology. I believe Angela's letter leaves open the possibility that there could still be some available. I'm just not sure and I think many people don't know and that is not a good thing at all. Well, after my weekend screed and yesterday’s tirades Apple figured it out and got rid of the 24 April “launch date” across their materials. Almost like two halves of the Apple marketing team hadn’t talked to each other until Wednesday night and had a big “Oooohhhhhhh…..” moment. Any time I was about to initiate a change during an ongoing expedition or operation, I would *always* say “let’s game this out…” with a series of “if this, then that” discussions. Looking back it is easy to see. But I know Apple is better than this. Sure they stumbled, but they are picking up pieces. Arguably pieces that never had to drop. Prep your devices for a round of software updates on 22 or 23 April based on early user feedback and developer bug fixes! Can’t wait.
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Post by Red Shirted Ensign on Apr 17, 2015 6:23:19 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on Apr 17, 2015 6:47:44 GMT -8
Good morning everyone. In the news: FBR says AAPL worth $1,000,000,000. Stories at [a href="http://www.cnbc.com/id/102595050? Have a great day. Let's make money. Somehow that doesn't seem high enough... :-)
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Apr 17, 2015 6:52:38 GMT -8
Prior to joining Apple, he also worked as a CNBC "journalist," proving that no pit is too deep to overcome the power of redemption.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,183
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Post by JDSoCal on Apr 17, 2015 8:43:50 GMT -8
Is there anything that shows the absurdity of basing one's financial investments on the reading of the tea leaves by financial writers and "analysts" better than these two consecutive articles from this morning? - Apple Stock Could Be Facing Some Rough Days Ahead at TheStreet (Fri 5:59AM EDT) Especially, TA bullshit by some random dude. "This article is commentary by an independent contributor." TheStreet is emulating Motley Fool and Seeking Alpha, where your dog can have a column. For the record, my dog thinks TA is BS too. And I only feed her chicken thighs, not yucky entrails.
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Post by incorrigible on Apr 17, 2015 8:50:19 GMT -8
Call wall at $130 is delaying the breakout from the triangle , patient. Even more calls @ $125. We'll stay here until next Monday. Surprise, surprise.
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Post by pauls on Apr 17, 2015 9:12:44 GMT -8
I added a bunch of shares in AAPL, FB, and TWX. This, after paring back my overweight AAPL position at $118 awhile ago. Now hold more than ever. Also dipped back into leap spreads a few days ago, a modest number of Jan '17s.
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Post by nwjade on Apr 17, 2015 9:52:31 GMT -8
Here we are in Milan one of the fashion capitals of the world making an Apple Watch fashion statement? WTF This is lame... I do not get it
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 17, 2015 9:59:00 GMT -8
For the record, my dog thinks TA is BS too. And I only feed her chicken thighs, not yucky entrails. There's your problem. Feed her gizzards. You'll be amazed at her omniscience.
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Post by macwire on Apr 17, 2015 10:11:40 GMT -8
Resolving lower from pennant here....
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Post by mace on Apr 17, 2015 10:21:32 GMT -8
Even more calls @ $125. We'll stay here until next Monday. Surprise, surprise. You may also want to take note that the call walls($125) has been shifted to May 1. Suspected transaction: BTC 100,000 straddle (Apr17 $125) STO 100,000 straddle (May1 $125) So there is no longer a call wall at $125 today.
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Post by Red Shirted Ensign on Apr 17, 2015 10:58:18 GMT -8
You may also want to take note that the call walls($125) has been shifted to May 1. Suspected transaction: BTC 100,000 straddle (Apr17 $125) STO 100,000 straddle (May1 $125) So there is no longer a call wall at $125 today. Well, somebody made a bet on earnings week. How does a straddle like that work out....good below 119 or above 133?
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Post by mace on Apr 17, 2015 11:06:11 GMT -8
You may also want to take note that the call walls($125) has been shifted to May 1. Suspected transaction: BTC 100,000 straddle (Apr17 $125) STO 100,000 straddle (May1 $125) So there is no longer a call wall at $125 today. Well, somebody made a bet on earnings week. How does a straddle like that work out....good below 119 or above 133? Make money between $116 and $134. So, we can follow the cue accordingly.
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Post by Luckychoices on Apr 17, 2015 11:08:13 GMT -8
I added a bunch of shares in AAPL, FB, and TWX. This, after paring back my overweight AAPL position at $118 awhile ago. Now hold more than ever. Also dipped back into leap spreads a few days ago, a modest number of Jan '17s. Overweight AAPL position? I'm afraid I'm not familiar with the concept. :-)
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Post by mace on Apr 17, 2015 11:09:39 GMT -8
Resolving lower from pennant here.... Critical support i.e. MUST not break below is 50-day EMA, currently at $124.13.
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Post by mace on Apr 17, 2015 11:11:29 GMT -8
I added a bunch of shares in AAPL, FB, and TWX. This, after paring back my overweight AAPL position at $118 awhile ago. Now hold more than ever. Also dipped back into leap spreads a few days ago, a modest number of Jan '17s. Overweight AAPL position? I'm afraid I'm not familiar with the concept. :-) Fancy term means % holding is more than the rest e.g. for four stocks, equal holding is 25%. Hold more than 25% is overweight.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Apr 17, 2015 11:14:35 GMT -8
Apple is soft today due to overall market. The May 1 calls and puts substantially cancel each other out IMO.
Meanwhile, NFLX is still green. Can the market be more stupid?
Consumer sentiment scores second-highest since 2007, but Mr. Market didn't get the memo.
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Post by rickag on Apr 17, 2015 11:41:29 GMT -8
So, anyone think AAPL closes at exactly $125?
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Post by nagrani on Apr 17, 2015 11:44:19 GMT -8
I'm buying aggressively. Apple does very well on Mondays. IMO - be greedy when others are fearful.
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mark
fire starter
Posts: 1,552
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Post by mark on Apr 17, 2015 12:00:21 GMT -8
Apple is soft today due to overall market. The May 1 calls and puts substantially cancel each other out IMO. Meanwhile, NFLX is still green. Can the market be more stupid? Consumer sentiment scores second-highest since 2007, but Mr. Market didn't get the memo. I said I was going to short NFLX once it pierced 500 convincingly ... now I suddenly find that I don't have the balls
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Post by nagrani on Apr 17, 2015 12:01:37 GMT -8
Mace - what's the current EW count?!?
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Post by Luckychoices on Apr 17, 2015 12:52:54 GMT -8
Overweight AAPL position? I'm afraid I'm not familiar with the concept. :-) Fancy term means % holding is more than the rest e.g. for four stocks, equal holding is 25%. Hold more than 25% is overweight. Kidding, mace...I was kidding. As someone in AAPL 100%, the overweight label is clearly not needed in my investment "strategy".
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Post by mace on Apr 17, 2015 13:06:16 GMT -8
Mace - what's the current EW count?!? Same as yours , today's low could be completion of wave E (total five zigzags from $133.60) of the triangle, so Monday onwards should be up... although could open low (fake). However, medium term, not sure wave five ends at $140s or $180s (most probably follow broad market down, so need to follow macro news closely).
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Post by nagrani on Apr 17, 2015 13:27:23 GMT -8
Yep. I see it that way too. I went in really heavy in jan 2016 calls near the close
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Post by rickag on Apr 17, 2015 13:34:32 GMT -8
Yep. I see it that way too. I went in really heavy in jan 2016 calls near the close May I ask what strike?
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Post by nagrani on Apr 17, 2015 13:53:48 GMT -8
120
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Post by rickag on Apr 18, 2015 1:08:46 GMT -8
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