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Post by ericinaustin on Aug 21, 2015 9:22:41 GMT -8
The April 140 calls are at less than 2 bucks. That just seems like a steal. Am I missing something?
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Post by Red Shirted Ensign on Aug 21, 2015 9:27:33 GMT -8
The April 140 calls are at less than 2 bucks. That just seems like a steal. Am I missing something? I'll let you know next April. Truly, the levels right now are bizzaro. This in light of the fact that Apple WILL report a 25%+ YOY earnings gain in October. So what is a fair P/E then? 9 with cash? 7 without?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Aug 21, 2015 9:31:52 GMT -8
LOL, Icahn isn't selling. Joe Retail idiots sell into a correction. Billionaires buy into them.
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Post by rickag on Aug 21, 2015 9:51:29 GMT -8
I saw an Interesting post @ Appleinsider by Sog35. I have zero knowledge if this is even possible or advisable but thought it interesting.
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Post by sponge on Aug 21, 2015 9:57:29 GMT -8
Here is another perspective. The drop from 132 took less then 3 hours of active trading. The drop from 117 this week to 109 took less then one hour.
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Post by Red Shirted Ensign on Aug 21, 2015 10:02:36 GMT -8
Here is another perspective. The drop from 132 took less then 3 hours of active trading. The drop from 117 this week to 109 took less then one hour. What does this mean? Or do I want to know?
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Post by macwire on Aug 21, 2015 10:15:26 GMT -8
Here is another perspective. The drop from 132 took less then 3 hours of active trading. The drop from 117 this week to 109 took less then one hour. What does this mean? Or do I want to know? Wtf even knows what is pretending to extrapolate, lol
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Post by macwire on Aug 21, 2015 10:18:28 GMT -8
I saw an Interesting post @ Appleinsider by Sog35. I have zero knowledge if this is even possible or advisable but thought it interesting. This is impossible The largest company in the world cannot buy itself back and go private. It would be a massive undertaking involving a ton of debt multiple mega banks Would Never Happen
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Post by sponge on Aug 21, 2015 10:22:46 GMT -8
Here is another perspective. The drop from 132 took less then 3 hours of active trading. The drop from 117 this week to 109 took less then one hour. What does this mean? Or do I want to know? We can move very quickly in both directions and a small number of players move the stock initially. The rest follow and cause the stampede which can last days, weeks, or months.
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Post by chasmac on Aug 21, 2015 10:23:51 GMT -8
Here is another perspective. The drop from 132 took less then 3 hours of active trading. The drop from 117 this week to 109 took less then one hour. What does this mean? Or do I want to know? Red, if you spin the Crown on the Apple Watch hard enough, you can slow down time. ? Tempted to buy some 2017 verticals here. Will we get a pre announcement run up? It may not matter if everything else rolls over. Breaking long term trends, bears smell blood in the water.
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Post by rickag on Aug 21, 2015 10:28:16 GMT -8
macwire
Thanks for the response, that is my thoughts, but I wasn't aware individual holders could keep their stock as he described. If as he said ~80% of AAPL's owners kept the stock(highly doubtful) then Apple would need only purchase the remaining ~20%.
I've never heard of such a buyout. Is this even possible?
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Post by macwire on Aug 21, 2015 10:50:41 GMT -8
macwire Thanks for the response, that is my thoughts, but I wasn't aware individual holders could keep their stock as he described. If as he said ~80% of AAPL's owners kept the stock(highly doubtful) then Apple would need only purchase the remaining ~20%. I've never heard of such a buyout. Is this even possible? It is impossible Furthermore on the whole going private idea... It would require Apple to finance a bond offering equal to ...450-500 billion? How would that work? And what kind of rate would it require to even get that much cash. They won't get it at 10 year rates. And it would take a shit ton of banks. I'm almost certain it is logistically impossible. Cash on hand doesn't belong exclusively to the company per se either. Belongs to its shareholders Also if apples management purposefully tanks the stock to lower its price so that the buy out premium would be lower...the board would be FIRED. They serve us, the shareholders.
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Post by macwire on Aug 21, 2015 10:51:49 GMT -8
For reference the largest corporate bond sale is Verizon. At 50 billion.
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Post by mace on Aug 21, 2015 11:08:32 GMT -8
And the bickering starts ... capitulation perhaps ?? AFB Bicker Index?
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Post by bloodylongaapl on Aug 21, 2015 11:12:27 GMT -8
Didn't EW suggest 106 test at some point recently...?
#wishfulthinking?
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Post by mace on Aug 21, 2015 11:13:13 GMT -8
...in the coming days we will back test the 200ma and that should give you your clue who has the ball. Agree. Resumption of bull trend or bull trap.
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Post by macwire on Aug 21, 2015 11:17:42 GMT -8
...in the coming days we will back test the 200ma and that should give you your clue who has the ball. Agree. Resumption of bull trend or bull trap. This fast of a move usually means way too much trapped money. I would lean bear Gonna have a helluva a buying opportunity in coming weeks.
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Post by mace on Aug 21, 2015 11:22:29 GMT -8
Agree. Resumption of bull trend or bull trap. This fast of a move usually means way too much trapped money. I would lean bear Gonna have a helluva a buying opportunity in coming weeks. That would be like 2012-2013... if similar, would take another five months to bottom ... Jan 2016
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Post by mace on Aug 21, 2015 11:25:53 GMT -8
From EW perspective, it feels like $133.38 is the completion of an impulse of Primary or Cycle degree, now in wave two... not good.
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Post by Red Shirted Ensign on Aug 21, 2015 11:34:57 GMT -8
I'm an idiot. Bought at 106. Common. Will put it away and not look at it for a year or more...Don't think about it going lower. Just think about the underlying value. Move on....
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Post by gtrplyr on Aug 21, 2015 11:37:46 GMT -8
I'm an idiot. Bought at 106. Common. Will put it away and not look at it for a year or more...Don't think about it going lower. Just think about the underlying value. Move on.... Or a genius .... we will see . Anyone thinking capitulation ?
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Post by gtrplyr on Aug 21, 2015 11:40:30 GMT -8
From EW perspective, it feels like $133.38 is the completion of an impulse of Primary or Cycle degree, now in wave two... not good. For those of us who are EW illiterate ... where does wave two take us ? I too have heard 106 as being an important EW number .... looks like we hit it
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Post by gtrplyr on Aug 21, 2015 11:51:37 GMT -8
Actually thinking about buying a few shares ....
Then again the market can remain irrational longer than I can stay drunk ....
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Post by sponge on Aug 21, 2015 11:53:31 GMT -8
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Post by archibaldtuttle on Aug 21, 2015 12:07:21 GMT -8
Should have done the old "sell in January and go away"
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Post by sponge on Aug 21, 2015 12:12:45 GMT -8
Should have done the old "sell in January and go away" Actually Feb when we hit 134. We never recovered to close above that. And then when the 20 crossed the 50 in late June. All signs to get out regardless of fundamentals.
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Post by Red Shirted Ensign on Aug 21, 2015 12:15:39 GMT -8
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Post by ericinaustin on Aug 21, 2015 12:27:36 GMT -8
Will like an old degenerate gambler I couldn't resist and bought 50 contracts April 16 140s. Got them for 1$ 80 cents and they cont to fall in the last ten minutes. Didn't catch the bottom but when I was looking at them last week they were 8$.
Will see.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 21, 2015 12:35:18 GMT -8
And I thought $105 looked like a bargain...
at least AAPL is GREEN in after-market
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Post by archibaldtuttle on Aug 21, 2015 12:45:56 GMT -8
Looking at AAPL weekly chart, this most resembles September 08. Closed way below the weekly B-Band -- Sept 08 was the last time that happened.
Took the stock 6 months from there to see higher prices.
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