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Post by artman1033 on Aug 24, 2015 10:51:51 GMT -8
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Post by archibaldtuttle on Aug 24, 2015 11:01:08 GMT -8
Are you saying he's going to lose out on something if it closes below 105?
Maybe this will be a good learning experience for Tim to try to do more for shareholder value...
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Post by mrentropy on Aug 24, 2015 11:09:15 GMT -8
I wish we could have visibility on who bought/sold this AM. Who dumped ay 90? Who bought, Institutions vs. retail vs. Hedge Funds? Was it forced redemption selling, capitulation, margin calls or just plain fear? I imagine the early sellers have some regrets. At least I hope so, don't want to see that level again.
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Mav
Member
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Post by Mav on Aug 24, 2015 11:28:32 GMT -8
Regulation FD - well, Tim sure wishes he had that one back, depending on if it snowballs.
Whatever. Who knows if the SEC will even do much? A fine and a voluntarily surrendered RSU (given it vests today) would probably be the very, very worst of it. Tim can handle it. He didn't write that e-mail expecting freaking 92-108 today - who would?
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Post by artman1033 on Aug 24, 2015 11:30:29 GMT -8
Regulation FD - well, Tim sure wishes he had that one back, depending on if it snowballs. Whatever. A fine and a surrendered RSU would probably be the very, very worst of it. Tim can handle it. Probably the last time we ever hear about prospects.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Aug 24, 2015 11:55:30 GMT -8
Nonsense nonsense nonsense! It is not an SEC violation to disseminate information via media sources. We've been over this before. Media releases are specifically spelled out in the regs.
Get real people, that wasn't really some private email. Of course Apple PR contacted CNBC in advance and made sure it would be released immediately. Please cease and desist from the silliness. Tim saved the day and saved shareholders, end of story.
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Post by incorrigible on Aug 24, 2015 12:01:20 GMT -8
Sold the Oct $115 puts I bought the other day for a quick 50% profit. At least it's something on an otherwise brutal day.
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Post by nagrani on Aug 24, 2015 12:18:04 GMT -8
Mace - sent you an email.
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Post by archibaldtuttle on Aug 24, 2015 12:30:53 GMT -8
The bounce was good but it was not a bullish day.
Way below all support levels, still deep oversold and a clear lower low on every timeframe.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Aug 24, 2015 12:35:48 GMT -8
I'll yet again link to Regulation FD, which I thought we had already covered here: Media disclosures are exempt. Anything else is click trolling.
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Post by 2centsplus on Aug 24, 2015 12:43:27 GMT -8
Funny how we were down 2.5% today but almost all the longer-term OTM options were up. When was the last time that happened? Somewhere cooler heads are prevailing.
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Post by archibaldtuttle on Aug 24, 2015 12:48:08 GMT -8
Funny how we were down 2.5% today but almost all the longer-term OTM options were up. When was the last time that happened? Somewhere cooler heads are prevailing. I believe this is a natural consequence of the extreme volatility. Adds to value of options as the increased % price swings are taken into account. A couple days of flatness should suck out all that value.
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Post by tuffett on Aug 24, 2015 12:49:36 GMT -8
Almost $100B of market cap from bottom to top. Unbelievable.
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Post by BillH on Aug 24, 2015 12:53:02 GMT -8
Nonsense nonsense nonsense! It is not an SEC violation to disseminate information via media sources. We've been over this before. Media releases are specifically spelled out in the regs. Get real people, that wasn't really some private email. Of course Apple PR contacted CNBC in advance and made sure it would be released immediately. Please cease and desist from the silliness. Tim saved the day and saved shareholders, end of story. Okay. I'm good. Thanks. :thumbs:
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Post by archibaldtuttle on Aug 24, 2015 12:57:02 GMT -8
"Death cross" should happen this week.
Also 30 RSI on the weekly, which hasn't happened since Jan 2013 and April 2013.
Weekly RSI did drop lower than 30 in 2008.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Aug 24, 2015 13:49:06 GMT -8
Just got off the phone with my mom and she felt the same way I did, time to buy (I'm proud that I've got her trained to look at crashes as opportunities, buy when others are fearful, blood in the streets, yada yada, you know the sayings by now). She wanted to add AAPL, but their are some other fire sales out there. Personally, I don't have much dry powder, what with just buying a house and needing to fill it with furniture. But Phoebe has been talking about opportunities. Here's a couple, IMO:
COP 42.93 52wk Range: 41.10 - 81.47 Div & Yield: 2.96 (6.50%) BP 31.19 52wk Range: 30.89 - 48.60 Div & Yield: 2.40 (7.20%)
Holy schmoly, how about those yields? You think oil is going to zero?
If I knew what I know now, I might have put off the house for a year and loaded up on some supermajor goodness.
BTW, I really do think the story today is how Tim saved AAPL and the overall markets. We could be in the 80's right now without that e-mail. Thank you, Tim. Please keep up the FUD-killing!
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Post by incorrigible on Aug 24, 2015 14:13:11 GMT -8
Look at sustainability of the dividend for COP and BP. I am mostly buying XOM now due to the safety (yield over 4% now). CVX is really attractive almost 6% yield but likelihood of a dividend cut is on that table due to reduced cash flow.
Oil stocks are very opportunistic right now but a little dangerous until oil prices settle. Since I'm shifting focus to income, I have been scaling into XOM, CVX, and KMI. No AAPL has been sold to accommodate this. I still believe. Do your own DD though.
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Post by rickag on Aug 24, 2015 14:20:40 GMT -8
I'll yet again link to Regulation FD, which I thought we had already covered here: Media disclosures are exempt. Anything else is click trolling. thank you for the post.
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Post by Luckychoices on Aug 24, 2015 14:26:46 GMT -8
Just got off the phone with my mom and she felt the same way I did, time to buy (I'm proud that I've got her trained to look at crashes as opportunities, buy when others are fearful, blood in the streets, yada yada, you know the sayings by now). She wanted to add AAPL, but their are some other fire sales out there. Back in April of 2012, my wife's now 80-year-old aunt expressed an interest in buying some AAPL and I suggested she could sell her Cisco shares as a way to finance the buy. She expressed dismay that she would end up with so many fewer shares of AAPL than shares of Cisco but took the plunge and bought 100 shares of AAPL at about $613, pre-split. She now, after several purchases since then, has accumulated a total of 3385 shares. So about 10:00 am this morning, the first morning after our return from vacation, her aunt calls and I assumed she wanted to hear about the trip. Well, she does, but would I first go online and pick up another 100 shares of AAPL for her? Would I? I said, "Why, yes, Joan, I'll be happy to do just that."
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Post by archibaldtuttle on Aug 24, 2015 14:31:26 GMT -8
Ironic if we actually hit the bottom around 666 pre split (95) considering what a PiTA level that was a few years ago...
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4aapl
Moderator
Posts: 3,651
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Post by 4aapl on Aug 24, 2015 14:37:44 GMT -8
Rrrrrrrrreversal! Did not participate sadly Don't worry we will visit these types of moves again. I have lost track of 20%+ corrections in the last 12 years. Note to self. Keep cash after the 20 crosses the 50 and have even more cash when we drop below the 200. Buy only when RSI is at 30 or below. That happens 4x a year. They happen, but IMO not quite that often. Lately RSI below 30 happens 1-2 times per year. It does make me want to keep some reserve to attack with, even if it's just 25% on margin. Alas, I'm there already. I held back today, though will look at SPY and AAPL spreads this week. But 92 to 108 is crazy in a day. And that volume. WOW! Something like 50M in the first 30 minutes, and 100M in an hour and a half. There's buyers....and sellers...and traders. And all on the 1st day of school here.
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Post by Red Shirted Ensign on Aug 24, 2015 15:22:22 GMT -8
Just got off the phone with a friend who knows I am an Apple fan. He made his first ever buy of AAPL today. 300 shares at 98. Then he chuckled and wanted to know my cost basis...I told him it was lower than his.
Newbie know it alls.....!
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Post by rickag on Aug 24, 2015 15:42:37 GMT -8
?...then he chuckled and wanted to know my cost basis...I told him it was lower than his. Funny you mention cost basis, with my purchase today my cost basis went up ~1882%. Damn, I shouldn have calculated it.
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Post by archibaldtuttle on Aug 24, 2015 15:47:56 GMT -8
You guys are making me nervous with all these stories of purchasing... I want to hear that everyone is selling and getting out...
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Post by Red Shirted Ensign on Aug 24, 2015 15:55:50 GMT -8
You guys are making me nervous with all these stories of purchasing... I want to hear that everyone is selling and getting out... Bargain hunting for anyone with a resonable time horizon. Tim Cook today pretty much certified this quarter's revenue and (assumed) earnings guidance. We know from the Comscore data and other information points that Apple has held up well in the U.S. market. If China is also holding up well, then I guess we have to start worrying about the Holiday quarter...when Apple will be doomed...
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Mav
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Post by Mav on Aug 24, 2015 16:05:02 GMT -8
I'll yet again link to Regulation FD, which I thought we had already covered here: Media disclosures are exempt. Anything else is click trolling. I'll just add, given a few troll/uninformed articles out there, that Cramer's only public portfolio is a charitable trust. That and whatever holdings Cramer may have are probably wayyyyy out of his reach since he's pumping or dumping on stocks every single weekday. So there's no "Cramer did insider trading" angle to be found there.
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Post by phoebear611 on Aug 24, 2015 16:26:24 GMT -8
nagrani or mace -- got anything to share tonight?
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Post by mace on Aug 24, 2015 16:49:04 GMT -8
nagrani or mace -- got anything to share tonight? PANIC Any price lower than $92 from now onwards meant all the talks about wave 4 is invalid, it is in wave two of a Cycle degree... very painful... target is $75. However, if tomorrow is a follow through day, can hope for the start of the wave 5, of course should not rule a retest of $92 as wave 5.ii.
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Post by mace on Aug 24, 2015 16:52:52 GMT -8
You guys are making me nervous with all these stories of purchasing... I want to hear that everyone is selling and getting out... I sold out of my entire AAPL holdings and USA's RE because of possible racial and labor discrimination by some1 bidding to run for president . Tell us when you have bought.
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Post by mace on Aug 24, 2015 16:56:14 GMT -8
Look at sustainability of the dividend for COP and BP. I am mostly buying XOM now due to the safety (yield over 4% now). CVX is really attractive almost 6% yield but likelihood of a dividend cut is on that table due to reduced cash flow. Oil stocks are very opportunistic right now but a little dangerous until oil prices settle. Since I'm shifting focus to income, I have been scaling into XOM, CVX, and KMI. No AAPL has been sold to accommodate this. I still believe. Do your own DD though. Why oil stocks? Why not electric utility stocks like PCG, telecom like T, water stocks like AWK and healthcare like JNJ? Have all fours, funded with AAPL dividends. Incidentally, also have CVX and KMI, they are redder than my blood.
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