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Post by macwire on Aug 21, 2015 12:55:28 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. Very. Not. Good. If. True. But I still think this general market turn down is wave iv and since AAPL is such a big part would imply it's in its wave iv too. potentially anyways.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Aug 21, 2015 13:12:20 GMT -8
Didn't we hear this China FUD (and then it went up to $118) a couple a weeks ago?
Games friends, games.
Don't trip.
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mark
fire starter
Posts: 1,555
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Post by mark on Aug 21, 2015 13:12:51 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. I just love these crazy theoretical discussions ... especially the ones that don't even account for the basics of financial arithmetic. For example, this - "Do the math. In 6 years they would have enough cash to buy themselves." All you have to do is ask a simple series of questions to illustrate the absurdity of the statement: If a company has $600B in cash, and also has a business that spits out profit of $60B a year, and you assign a 10x multiple to the business, what will the business be worth? Next, pick ANY multiple you choose and assign it to the business, and recalculate. Next, calculate what multiple you need to use to make your premise work. Now do you see the absurdity (i.e. the arithmetic impossibility)?
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coma
Member
Posts: 522
Member is Online
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Post by coma on Aug 21, 2015 14:44:29 GMT -8
I don't need facts interfering with my fantasy . . .
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Post by mace on Aug 22, 2015 2:00:06 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. Very. Not. Good. If. True. But I still think this general market turn down is wave iv and since AAPL is such a big part would imply it's in its wave iv too. potentially anyways. Still wave iv after so long? Where is wave ii corresponding to the wave iv? If next week's re-bounce... things could look good... bullish divergence (RSI, histogram, stochastic) in daily chart... bullish harami or piercing line... then can hope for testing $120 and just hold our breath when it does... may be may be our wish would come true. Btw, always amused at those holding shares panic... had started DRIP for about 20% of position... dripped at $116 Rest of dividends keep as emergency cash.
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