Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Oct 23, 2015 2:17:44 GMT -8
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Oct 23, 2015 3:18:14 GMT -8
|
|
|
Post by nagrani on Oct 23, 2015 4:39:30 GMT -8
Good morning. Cheers to the faithful.
|
|
|
Post by macglenn on Oct 23, 2015 5:41:41 GMT -8
Lots of profit taking in AMZN and GOOG this morning. Could some of that cash be rolled into APPL for a earning play?
|
|
|
Post by artman1033 on Oct 23, 2015 5:49:20 GMT -8
Lots of profit taking in AMZN and GOOG this morning. Could some of that cash be rolled into APPL for a earning play? AMZN: PE now 878
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Oct 23, 2015 5:50:31 GMT -8
24/7 Wall St has Apple Inc. (NASDAQ: AAPL) was raised to Buy from Hold at Maxim Group, and the price target was set at $167 (versus a $115.50 close). Apple had taken another upgrade this week as well, and shares were indicated up 1.4% at $117.10 on Friday, with a consensus analyst price target of $147.95 and a 52-week trading range of $92.00 to $134.54.
|
|
|
Post by Red Shirted Ensign on Oct 23, 2015 5:54:19 GMT -8
Spongie,
I don think they push us below 115 today.
11 million shares in 25 minutes...nice
|
|
|
Post by nagrani on Oct 23, 2015 6:10:00 GMT -8
Spongie - please no more price predictions!!!
|
|
|
Post by sponge on Oct 23, 2015 6:24:17 GMT -8
Spongie - please no more price predictions!!! I expect a 2-10% move on Wednesday. ? Let's see how much of this we give back by end of the day and next Tuesday. I am pleased to see so many bearish views from WS regarding the iPhone numbers. It bodes well for a nice rocket takeoff into Thanksgiving.
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Oct 23, 2015 7:07:00 GMT -8
|
|
|
Post by CdnPhoto on Oct 23, 2015 7:08:18 GMT -8
It looks like things have really improved for AAPL since it crossed the 50 day SMA. The News follows too.
|
|
|
Post by sponge on Oct 23, 2015 7:16:42 GMT -8
It looks like things have really improved for AAPL since it crossed the 50 day SMA. The News follows too. I won't feel confident until we pass the 200 day and hold it for one month.
|
|
stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
|
Post by stub on Oct 23, 2015 8:01:24 GMT -8
|
|
|
Post by mace on Oct 23, 2015 8:59:29 GMT -8
It looks like things have really improved for AAPL since it crossed the 50 day SMA. The News follows too. I won't feel confident until we pass the 200 day and hold it for one month. Good intuition. Even though it looks like an uptrend that last one year has started but it could be just like 2008, a false start and tumble below $100.
|
|
|
Post by sponge on Oct 23, 2015 9:07:38 GMT -8
I won't feel confident until we pass the 200 day and hold it for one month. Good intuition. Even though it looks like an uptrend that last one year has started but it could be just like 2008, a false start and tumble below $100. This year taught me to respect moving averages. A clear sign of a downtrend was back in June when the 20 dropped below the 50. When the 200 was breached one must forget about eps and iPhones and just sell.
|
|
|
Post by mrentropy on Oct 23, 2015 9:33:29 GMT -8
Can I get a "wheeeeee"? I think we are due one.
|
|
|
Post by scotty on Oct 23, 2015 9:41:39 GMT -8
Can I get a "wheeeeee"? I think we are due one. It ain't over til the fat lady sings final bell rings.
|
|
|
Post by sponge on Oct 23, 2015 10:00:48 GMT -8
Can I get a "wheeeeee"? I think we are due one. I will only be happy if we close above 125 in the first week of January. That will be a sign that we will cont to grind away with new ATH in the spring.
|
|
|
Post by mace on Oct 23, 2015 10:02:16 GMT -8
Good intuition. Even though it looks like an uptrend that last one year has started but it could be just like 2008, a false start and tumble below $100. This year taught me to respect moving averages. A clear sign of a downtrend was back in June when the 20 dropped below the 50. When the 200 was breached one must forget about eps and iPhones and just sell. Traders have to respect moving averages, higher high higher low or lower high lower low type of thing and common chart patterns. Traders don't give a damn about financial and business stuffs, only price behavior. Investors can don't care about technicals though.
|
|
|
Post by sponge on Oct 23, 2015 10:19:30 GMT -8
This year taught me to respect moving averages. A clear sign of a downtrend was back in June when the 20 dropped below the 50. When the 200 was breached one must forget about eps and iPhones and just sell. Traders have to respect moving averages, higher high higher low or lower high lower low type of thing and common chart patterns. Traders don't give a damn about financial and business stuffs, only price behavior. Investors can don't care about technicals though. Agreed If you hold for 10-20 years it does not matter what it does in 3 year increments. It should be noted that most of the aggressive gains in the last 10 years were reached between 2009-2012. We may go nowhere for another 3 years now that Google and MS seem to be the darlings of the market. The cool part with technicals is that you can still make good money if you simply buy when RSI is below 30 and sell when it is above 75 regardless of price. Apple is more of a trading stock for the market then a long term investment. Institutional ownership has dropped in the last 12 months. A sign WS is very worried about long term prospects regardless of iPhone growth or even car adventures. Those who buy today will be well rewarded in 10 years.
|
|
|
Post by dreamRaj on Oct 23, 2015 10:50:57 GMT -8
It'll be a blast if we cross or even touch 120 today!
|
|
|
Post by archibaldtuttle on Oct 23, 2015 10:53:48 GMT -8
Terrific day for AAPL holders. Feels like a sentiment change. Now let's see if we can hang on to these gains next week.
|
|
|
Post by Luckychoices on Oct 23, 2015 10:55:35 GMT -8
Traders have to respect moving averages, higher high higher low or lower high lower low type of thing and common chart patterns. Traders don't give a damn about financial and business stuffs, only price behavior. Investors can don't care about technicals though. Agreed If you hold for 10-20 years it does not matter what it does in 3 year increments. It should be noted that most of the aggressive gains in the last 10 years were reached between 2009-2012. I believe you overlooked the fact that 2007 wasn't too awfully bad for AAPL. I don't believe the first part of this is true, sponge. If it were not a long term investment, why would you suggest those who buy today will be well rewarded in 10 years? Unless you're stipulating that knowledgeable investors aren't really part of "the market" currently, as demonstrated by AAPL's performance since July.
|
|
|
Post by sponge on Oct 23, 2015 11:16:32 GMT -8
Agreed If you hold for 10-20 years it does not matter what it does in 3 year increments. It should be noted that most of the aggressive gains in the last 10 years were reached between 2009-2012. I believe you overlooked the fact that 2007 wasn't too awfully bad for AAPL. View Attachment I don't believe the first part of this is true, sponge. If it were not a long term investment, why would you suggest those who buy today will be well rewarded in 10 years? Unless you're stipulating that knowledgeable investors aren't really part of "the market" currently, as demonstrated by AAPL's performance since July. Yes between 2005 and 2007 we did well especially prior to split. The market is not looking at Apple as a long term investment until get a p/e of 20+. The market has faith in GOOG and MSFT
|
|
|
Post by sponge on Oct 23, 2015 11:18:31 GMT -8
We had a p/e above 20 in 2009. Since then we have gone down to 9. The only reason we are doing well is because our eps is growing like crazy due to great earnings and buybacks.
|
|
|
Post by macwire on Oct 23, 2015 11:33:57 GMT -8
Nice day guys. Broke that downtrend finally from 132 in July. A good earnings can hopefully get us back on track. Mind you earnings will be good but whether it'll get the reaction we want will be the big question
200 ma is 121.50 approximately.
Weekly chart has a MACD but signal cross from below the median line and that tends to "stick" quite well.
|
|
|
Post by sponge on Oct 23, 2015 11:38:31 GMT -8
Nice day guys. Broke that downtrend finally from 132 in July. A good earnings can hopefully get us back on track. Mind you earnings will be good but whether it'll get the reaction we want will be the big question 200 ma is 121.50 approximately. Weekly chart has a MACD but signal cross from below the median line and that tends to "stick" quite well. Yesterday and this week no way I thought we could reach the 200. Now we are a mere 3 bucks from it. If we are lucky and hit it I think bodes very well for us.
|
|
|
Post by sponge on Oct 23, 2015 11:42:29 GMT -8
MS reports revenue drop of 12% and gets a bunch of upgrades and a p/e over 32. You know something is not normal short term with the market.
|
|
|
Post by Red Shirted Ensign on Oct 23, 2015 11:54:46 GMT -8
Nice day guys. Broke that downtrend finally from 132 in July. A good earnings can hopefully get us back on track. Mind you earnings will be good but whether it'll get the reaction we want will be the big question 200 ma is 121.50 approximately. Weekly chart has a MACD but signal cross from below the median line and that tends to "stick" quite well. Yesterday and this week no way I thought we could reach the 200. Now we are a mere 3 bucks from it. If we are lucky and hit it I think bodes very well for us. Sponge, You are more all over the lot than usual. Yesterday at this time you were assuring me we would be taken down below 115 today...sheesh
|
|
|
Post by dreamRaj on Oct 23, 2015 12:03:46 GMT -8
Last week, I'd mentioned we'd see at least 115 by ER. 117 was on my mind but I didn't dare to sound stupid. Seeing 119 feels great
|
|