JDSoCal
Member
Aspiring oligarch
Posts: 4,186
|
Post by JDSoCal on Aug 25, 2015 1:31:49 GMT -8
AAPL up ~5 to 108 in the pre-market as of this writing. And always nice to see three-digit green futures...I honestly think the markets, not just AAPL stockholders, can thank Tim for ending the panic. So it turns out Jim Cramer had sent Tim Cook an e-mail on Sunday night, asking Tim a question about China for his show on Monday morning. WSJ: Apple Stock Reacts After Tim Cook Email Praises China SalesObviously, this was the equivalent of an interview question. Cramer expressly said he was asking the question as a reporter covering Apple, and that the answer was going to be relayed on his show first thing Monday. Clearly exempt from the rule. The end of the article mentions the same jagoff "regulatory lawyer" who thinks the SEC will have problems with it. Nonsense, it wasn't "a private e-mail." It was an e-mail to a journalist sent with 100% certainty that it would end up on the air an hour later on Monday morning. Meanwhile, Angela Ahrendts says “Business is the biggest growth driver for Apple Retail over the course of the next three to four years." I hope teachers agree with her that the Watch is a great back-to-school item. Rumors: IBD: 5 new features expected in Apple's iPhone 6SApple renting out a massive 7000-seat auditorium for iPhone 6S release? Also, smart bands? Anyway, let's hope for a green day, green week, and green quarter.
|
|
|
Post by mace on Aug 25, 2015 2:11:58 GMT -8
Your lower degree wave four is $105-$118 (adjusted for dividends). Why not between $95-$102 (dividend adjusted)? Btw, I have the same preferred count (including the lower degree count of wave 3) as yours. 38.2% retracement = $108.5 (passed) 50.0% retracement = $100.8 (rare) - best scenario is Monday open down to here, reverse to form a bullish dragonfly, a follow through day on Tuesday. 61.8% retracement = $93.0 (max for wave four, so rare that it won't happen unless something catastrophic like the financial crisis)
|
|
|
Post by phoebear611 on Aug 25, 2015 3:25:07 GMT -8
Mace you completely confound me. Then why did you sell all your AAPL? I can appreciate you lightening up for risk purposes but you aren't showing us anything very catastrophic where we should be selling every share and running for the hills. Did I misunderstand your post yesterday?
|
|
|
Post by bloodylongaapl on Aug 25, 2015 3:29:55 GMT -8
Phoebes what is the thinking over at Avi's place?
|
|
|
Post by phoebear611 on Aug 25, 2015 3:49:13 GMT -8
They are trying to determine if Wave 4 is over or if there is a sub-wave that gives us one more low before we begin Wave 5. Most feel we may have begun Wave 5. There is debate there as well - it's not entirely clear. The $92 print really screwed things up a bit making the charts a bit murky but for the most part it looks positive here. Again - we aren't immune to the volatility of the overall market.
|
|
mark
fire starter
Posts: 1,555
|
Post by mark on Aug 25, 2015 3:58:36 GMT -8
I just sold the SPY I bought at the close yesterday. Yeah premarket trading, just wanted to get rid of it now because I will probably be busy with other things when the market opens.
|
|
|
Post by nagrani on Aug 25, 2015 4:27:18 GMT -8
They are trying to determine if Wave 4 is over or if there is a sub-wave that gives us one more low before we begin Wave 5. Most feel we may have begun Wave 5. There is debate there as well - it's not entirely clear. The $92 print really screwed things up a bit making the charts a bit murky but for the most part it looks positive here. Again - we aren't immune to the volatility of the overall market. 92 is in retrospect a great price for the low yesterday. People really feel like WS got them with pants down. Any dip here will likely just form a higher low which will be good for apple. I think we are on wave 5 and can go to 150 by next year. Short term - we could rally a bit and then drop to form that higher lower. Who knows how low but with Apple coming around its iPhone event - going to be hard to dip too much.
|
|
mark
fire starter
Posts: 1,555
|
Post by mark on Aug 25, 2015 4:50:21 GMT -8
They are trying to determine if Wave 4 is over or if there is a sub-wave that gives us one more low before we begin Wave 5. Most feel we may have begun Wave 5. There is debate there as well - it's not entirely clear. The $92 print really screwed things up a bit making the charts a bit murky but for the most part it looks positive here. Again - we aren't immune to the volatility of the overall market. 92 is in retrospect a great price for the low yesterday. People really feel like WS got them with pants down. Any dip here will likely just form a higher low which will be good for apple. I think we are on wave 5 and can go to 150 by next year. Short term - we could rally a bit and then drop to form that higher lower. Who knows how low but with Apple coming around its iPhone event - going to be hard to dip too much. I wonder how many stop loss orders got triggered yesterday between 100 and 92? I call them "lock loss orders" because they automatically lock in your loss for you.
|
|
|
Post by phoebear611 on Aug 25, 2015 5:01:52 GMT -8
92 is in retrospect a great price for the low yesterday. People really feel like WS got them with pants down. Any dip here will likely just form a higher low which will be good for apple. I think we are on wave 5 and can go to 150 by next year. Short term - we could rally a bit and then drop to form that higher lower. Who knows how low but with Apple coming around its iPhone event - going to be hard to dip too much. I wonder how many stop loss orders got triggered yesterday between 100 and 92? I call them "lock loss orders" because they automatically lock in your loss for you. This was all a function of HFTs ... it got a bit out of control. It wasn't only AAPL - there are several horror stories including ETF folks that got major league screwed. There aren't any regulations on computer trading so it exacerbates situations tremendously and adds a lot of noise to charts. Wonder who the lucky fella/gal was to buy at $92 - oh wait - I'll bet I know their profession, Mr. Market-Maker...but no, don't even bother to check it out SEC...go check out emails instead.
|
|
|
Post by firestorm on Aug 25, 2015 5:09:02 GMT -8
Just a note of caution here: Tim Cook was describing increasing iPhone sales in China in the recent past, and that trend may no longer hold true. The panic may really slow down future sales in China (and the USA, if turmoil continues). Be watchful (and hope the future is full of gold Apple Watches!).
|
|
|
Post by artman1033 on Aug 25, 2015 5:15:46 GMT -8
Just a note of caution here: Tim Cook was describing increasing iPhone sales in China in the recent past, and that trend may no longer hold true. The panic may really slow down future sales in China (and the USA, if turmoil continues). Be watchful (and hope the future is full of gold Apple Watches!). “I can tell you that we have continued to experience strong growth for our business in China through July and August,” Mr. Cook wroteAs of yesterday, sales OK. What did I miss?
|
|
|
Post by rickag on Aug 25, 2015 5:19:33 GMT -8
Just a note of caution here: Tim Cook was describing increasing iPhone sales in China in the recent past, and that trend may no longer hold true. The panic may really slow down future sales in China (and the USA, if turmoil continues). Be watchful (and hope the future is full of gold Apple Watches!). “I can tell you that we have continued to experience strong growth for our business in China through July and August,” Mr. Cook wroteAs of yesterday, sales OK. What did I miss? Me too, what did we miss?
|
|
coma
Member
Posts: 522
Member is Online
|
Post by coma on Aug 25, 2015 5:37:35 GMT -8
Y'all missed buying at $92 and me too.
|
|
|
Post by firestorm on Aug 25, 2015 5:59:12 GMT -8
“I can tell you that we have continued to experience strong growth for our business in China through July and August,” Mr. Cook wroteAs of yesterday, sales OK. What did I miss? Me too, what did we miss? I'm talking about the future, after the Chinese stock market crash. Mr. Cook was talking about what is or is about to be recent history. We are supposed to be FUTURE-oriented.
|
|
|
Post by artman1033 on Aug 25, 2015 6:21:08 GMT -8
for those scoring at home, YESTERDAY was capitulation.
no doubt....
higher from here
|
|
|
Post by nagrani on Aug 25, 2015 6:24:44 GMT -8
Ladies and gentlemen - we have our first data point on apple watch. Check out best buy and comments from CEO. China is good per Tim. Watch is good per - of all freakin places - BBY. I'm staying long and strong call me Papi
|
|
|
Post by Red Shirted Ensign on Aug 25, 2015 6:32:12 GMT -8
|
|
|
Post by artman1033 on Aug 25, 2015 6:49:33 GMT -8
“Demand for Apple Watch has been so strong in the stores and online,” Best Buy CEO Hubert Joly told Wall Street analysts on a conference call. The retailer expects to be selling the device, which hit the market in June, at all of its 1,050 big-box stores by the end of September, he added. Initially, Best Buy had planned to have watches in 300 stores by the holiday season. (It started selling the watches in early August.) Apple did not provide specific sales numbers for the watch in its second-quarter earnings last month, but Best Buy’s comments provide more evidence of the device’s success.
Joly also announced steps that will deepen Best Buy’s relationship with Apple. It is currently updating its Apple shop-in-shops at 740 stores, including new fixtures and more display tables for phones, computers, and tablets. The work is already complete at 350 stores, and will be finished at another 170 in time for the key holiday season. He also said that Best Buy will begin selling AppleCare product service and support this quarter, and will start testing out being an authorized service provider at 50 stores.The BBY 2nd quarter 2016 audio earnings call is up. investors.bestbuy.com/investor-relations/financial-info/quarterly-earnings/default.aspxI have posted EBAY WATCH sales page. That is a possibility for customers who do not need the personal help in choosing WATCH and band, and don't need the extras BBY offers customers. BBY will be selling lots of high margin bands. BBY will be pushing the WATCH to sell bands this is a big deal
|
|
|
Post by mace on Aug 25, 2015 7:01:04 GMT -8
Mace you completely confound me. Then why did you sell all your AAPL? I can appreciate you lightening up for risk purposes but you aren't showing us anything very catastrophic where we should be selling every share and running for the hills. Did I misunderstand your post yesterday? Thought you know I was joking. I don't sell AAPLs and REs... I buy and hold them... collect dividends and rents.
|
|
|
Post by mace on Aug 25, 2015 7:03:31 GMT -8
They are trying to determine if Wave 4 is over or if there is a sub-wave that gives us one more low before we begin Wave 5. Most feel we may have begun Wave 5. There is debate there as well - it's not entirely clear. The $92 print really screwed things up a bit making the charts a bit murky but for the most part it looks positive here. Again - we aren't immune to the volatility of the overall market. You should propose that it could be a wave two down since peak and see what they say.
|
|
|
Post by chasmac on Aug 25, 2015 7:11:12 GMT -8
Local BBuy got the Apple Store in a Store makeover. 10X better! With watches!!! They're getting minimal stock but selling all of them. The old area was overpowered by SameSung's copy of an Apple Store, now at least Apple is competing. Still don't have Apple Pay at the registers. Erghhh! Idiots, if I was TC I'd be making some demands on that end. Friend in town from London said that his daughters got Apple Watches as Back to School presents from Grandpa. Beats the hell out of a notebook and some pencils :-). He said both his daughters exercised more than they ever have since getting them. "Meghan NEVER runs!"
|
|
platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
|
Post by platon on Aug 25, 2015 8:07:58 GMT -8
Got my weekly shares yesterday for 95 & change and normally wait until Wednesday to sell call but the fear of pullback has me putting in a Friday $105. Filled just now at 4.50. This could well be my best week ever on weekly calls. Who knows I may eventually make up for the current paper losses in my forever AAPL holdings. There is still a lot of doom and gloom out there but I have faith that we won't enter the election cycle in an asset destroying economy. QE4 anyone???
From Zero Hedge "Here is a better way of summarizing it: the last three times inflation expectations tumbled this low, the Fed was about to launch QE1, QE2, Operation Twist and QE3."
|
|
|
Post by dreamRaj on Aug 25, 2015 8:08:24 GMT -8
Stuck at 108-109. Will feel more comfortable when we cross 112. Hopefully by tomorrow.
Still can't believe some lucky people got to buy AAPL at 92. In pre-split terms, 134.5 to 92 is a 300 point decline, almost like the dreaded drop from 700, only faster.
|
|
|
Post by mace on Aug 25, 2015 8:23:54 GMT -8
From Zero Hedge "Here is a better way of summarizing it: the last three times inflation expectations tumbled this low, the Fed was about to launch QE1, QE2, Operation Twist and QE3." Zero Hedge is a permabear.
|
|
|
Post by phoebear611 on Aug 25, 2015 8:24:56 GMT -8
They are trying to determine if Wave 4 is over or if there is a sub-wave that gives us one more low before we begin Wave 5. Most feel we may have begun Wave 5. There is debate there as well - it's not entirely clear. The $92 print really screwed things up a bit making the charts a bit murky but for the most part it looks positive here. Again - we aren't immune to the volatility of the overall market. You should propose that it could be a wave two down since peak and see what they say. Should have realized that! No, I can't just throw that out - I'm too much of a newbie. I am still learning. I don't profess to know EW well at all. I know enough to get me in trouble and am catching on but do not feel comfortable out there swimming all by myself yet
|
|
|
Post by Red Shirted Ensign on Aug 25, 2015 8:37:41 GMT -8
For those of you that enjoyed the Note 5 "don't put the pen in wrong" story from last night, there is an update from Samsung on the problem: _______________________________________________________________________ Update: Samsung responded to the BBC by saying that "We highly recommend our Galaxy Note 5 users follow the instructions in the user guide to ensure they do not experience such an unexpected scenario caused by reinserting the S-Pen in the other way around." The Galaxy Note 5 doesn't actually ship with a user guide in the box or in the software. We were able to hunt down a PDF online though, and found this: (Red's analysis of the on-line user guide: "Don't put it in backwards". arstechnica.com/gadgets/2015/08/galaxy-note-5-design-flaw-a-backwards-s-pen-can-permanently-damage-the-device/
|
|
|
Post by mace on Aug 25, 2015 8:42:28 GMT -8
You should propose that it could be a wave two down since peak and see what they say. Should have realized that! No, I can't just throw that out - I'm too much of a newbie. I am still learning. I don't profess to know EW well at all. I know enough to get me in trouble and am catching on but do not feel comfortable out there swimming all by myself yet AAPL broke below the absolute price of $93 (adjusted for dividends) and below $95 (not adjusted), so wave 4 count is invalidated. Is more like wave two down. Unadjusted for dividend: Wave I = $55.01 to $134.54, length = $79.53 Wave II = $134.54 to ... 38.2% ret = $104.16 (passed) 50.0% ret = $ 94.78 (passed), lowest is $92 61.8% ret = $ 85.39 So, is Wave II over or not? Need 61.8% recovery i.e. over $118 (about 200-day SMA), to have any chance that Wave II is completed.
|
|
macorange
Member
My actual dog is cuter.
Posts: 60
|
Post by macorange on Aug 25, 2015 8:42:24 GMT -8
Did anybody here get in at 92? The quickest I could react was at 98.
|
|
|
Post by macster on Aug 25, 2015 10:27:34 GMT -8
Did anybody here get in at 92? The quickest I could react was at 98. Yes bought a few last year. llap
|
|
|
Post by chasmac on Aug 25, 2015 10:45:31 GMT -8
Did anybody here get in at 92? The quickest I could react was at 98. Some at 94.20 and $95.10, market orders put in when it was 92.50 or so.
|
|