Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 19, 2012 11:52:43 GMT -8
I have be buying the short legs of my BCS a little at a time. I even sold a little stock to do so. The gains are too tempting...
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Post by nate010203 on Oct 19, 2012 11:53:55 GMT -8
Of course apple is crashing because its so overvalued.. Excuse me while I go buy some google and amazon stock.
*im being sarcastic*
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Oct 19, 2012 11:55:11 GMT -8
I'd just like to thank the shitty developers of Charles Schwab's Street Smart Pro platform for their program crashing today before I could open any orders.
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Post by Apple II+ on Oct 19, 2012 11:55:21 GMT -8
Nate, that was funny. And then it got funnier.
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Post by Apple II+ on Oct 19, 2012 11:57:59 GMT -8
I have a feeling somebody is going to make a ton on weekly calls next week.
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Post by dreamRaj on Oct 19, 2012 11:58:39 GMT -8
I'm thinking less of the F'n $22000 that I'm losing in the Oct 650s today and more about WTF is happening with AAPL!
Well, loaded up on my Nov 680 and Apr 700 positions.
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coma
Member
Posts: 522
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Post by coma on Oct 19, 2012 11:59:09 GMT -8
[/sarcastic] works also . . .
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Post by phoebear611 on Oct 19, 2012 11:59:22 GMT -8
Is this REALLY NOT capitulation?
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Mav
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Posts: 10,784
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Post by Mav on Oct 19, 2012 12:02:24 GMT -8
I sense capitulation. At hand or verrrry close at hand. Hope I'm right. In at Tier 1.75. Bought a bit of time to wait things out.
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Post by prazan on Oct 19, 2012 12:03:25 GMT -8
On the bright side, it looks as though an earnings miss has just been priced into the stock. Count me among the buyers today.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Oct 19, 2012 12:03:54 GMT -8
Well that was interesting.
Let's not do that again, at least for a while
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Post by fas550 on Oct 19, 2012 12:04:21 GMT -8
Is this REALLY NOT capitulation? They say if you have to ask the question it isn't. I know that's a cheap answer but the "They" people are like that; full of ambiguous advice .
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Oct 19, 2012 12:04:54 GMT -8
I always supposed I'd get to enjoy some exciting felony offense before experiencing prison rape.
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Post by Zeke on Oct 19, 2012 12:05:26 GMT -8
Nate, if you did sell at the peak awhile ago, what would you be doing with a bunch of your cash TODAY? Buying perhaps? Try not to sell on a day you would buy if you were all cash! If I had cash I would be buying. This drop is really hurting though. Nate, go bowling, play some golf, or go polish your car. If you or I were all cash today we'd be buying with every penny we could scrape up. I'm all AAPL common right now. The only selling that makes sense if you hold common is to finance some options for January or April, or maybe some LEAPs.
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Post by prazan on Oct 19, 2012 12:07:50 GMT -8
I sense capitulation. At hand or verrrry close at hand. Didn't we say this last week at 624?
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Post by rosie on Oct 19, 2012 12:08:17 GMT -8
just think of all the taxes we won't have to pay (eyes rolling here)...and gosh, green is such a pretty color, but oh wait...it's the VIX. and now it's aapl in AH 'cause it's up 16 cents.
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Post by wheeles on Oct 19, 2012 12:09:22 GMT -8
Is this REALLY NOT capitulation? It looked like it, then we got some messed up options-related BS dragging us down a bit more, at which point we got a bleed of people throwing in the towel, that might have otherwise toughed it out had it been a short, sharp down then up again. Not going to worry about it unduly, though.
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Post by kloot on Oct 19, 2012 12:11:47 GMT -8
I sense capitulation. At hand or verrrry close at hand. Hope I'm right. In at Tier 1.75. Bought a bit of time to wait things out. how many tiers do you have?
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Mav
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Post by Mav on Oct 19, 2012 12:12:55 GMT -8
I dunno...4-5? You could say Buy the Dip Stage 1.75 too but that makes a little less sense. Prazan, not sure if I said capitulation. But there was a dip worth buying.
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Post by lovemyipad on Oct 19, 2012 12:16:33 GMT -8
Holy cr*p, that was ugly!!!
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Post by mbeauch on Oct 19, 2012 12:17:12 GMT -8
Is this REALLY NOT capitulation? They say if you have to ask the question it isn't. I know that's a cheap answer but the "They" people are like that; full of ambiguous advice . As much as I hate to, I agree completely. Ended the day at the lows, the ugliest weekly candle I think I have ever seen and people still claiming it is overvalued. The market makers have killed the price of Jan options which is/was their goal. The IV is high and will pop like a ballon after earnings. We have officially been robbed. Phoebear, capitulation comes when you see a long tail candle. One that shakes the world and somehow magically recovers most of the losses. These imbedded drops make the road back awfully long and hard.
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Post by prazan on Oct 19, 2012 12:19:35 GMT -8
Measured from a rally start at 519 to the high of 705, the 50% retracement lands at $612 and change. A 50% retracement isn't unusual for Apple.
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Post by terps530 on Oct 19, 2012 12:21:22 GMT -8
anyone who knows options at expiration, please help in trading-->options strategy thread...
thanks
i suck
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Post by lovemyipad on Oct 19, 2012 12:22:07 GMT -8
Measured from a rally start at 519 to the high of 705, the 50% retracement lands at $612 and change. A 50% retracement isn't unusual for Apple. You're absolutely right. And yet....ouch!
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Post by phoebear611 on Oct 19, 2012 12:24:17 GMT -8
Measured from a rally start at 519 to the high of 705, the 50% retracement lands at $612 and change. A 50% retracement isn't unusual for Apple. You're absolutely right. And yet....ouch! It's not about the 50% retracement - it's about what to expect next once we reach it.
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CdnPhoto
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Member is Online
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Post by CdnPhoto on Oct 19, 2012 12:24:54 GMT -8
Measured from a rally start at 519 to the high of 705, the 50% retracement lands at $612 and change. A 50% retracement isn't unusual for Apple. I really don't understand technicals, but am trying to learn. Where / when do you see the $519 start?
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Post by fas550 on Oct 19, 2012 12:25:53 GMT -8
Going to be a tough day (especially for those with expiring weeklies). IMHO the broader markets given heir current levels are looking for reason for a sell off and now they have it with the recent batch of earnings (GOOG,MSFT and now Gen Elec). Unfortunately Apple is probably going to follow the broader market to some extent. A limited extent because RSI, MACD etc... are already quite low but then again who knows. Could even be a WTF sale day. At the close I wouldn't be surprised if we were down 12-15: equally I wouldn't be surprised if we were up 5. Best of luck to our traders. Wow if I had only adjusted my down numbers by about 7 most of that would have been right. Being a bit of an optimist I threw the upside in there.
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Post by mbeauch on Oct 19, 2012 12:26:08 GMT -8
Lovey, I am having a terrible time getting the board to load on my computer and I have given up trying on the phone. On my computer when it is waiting it keeps saying something like waiting on noogies?
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Post by prazan on Oct 19, 2012 12:27:36 GMT -8
Measured from a rally start at 519 to the high of 705, the 50% retracement lands at $612 and change. A 50% retracement isn't unusual for Apple. You're absolutely right. And yet....ouch! I'm not even looking at my account values right now. But in my limited experience, we near the bottom when everyone feels the pain. Those who don't have the support of a place like this, or lots of experience, capitulate when the pain gets too intense.
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Post by prazan on Oct 19, 2012 12:29:59 GMT -8
Measured from a rally start at 519 to the high of 705, the 50% retracement lands at $612 and change. A 50% retracement isn't unusual for Apple. I really don't understand technicals, but am trying to learn. Where / when do you see the $519 start? The middle of May this year. Oh, and that's a reality check for longs. We're still up 50% for the year.
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