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Post by prazan on Nov 1, 2012 12:08:40 GMT -8
A quick note: GOOG, AMZN, and AAPL are all down 8% to 9% for the month. AMZN spiked irrationally after earnings but quickly fell again. It's not just AAPL.
RG92 - Good to see you're powered up again and in good health.
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Post by lovemyipad on Nov 1, 2012 12:08:45 GMT -8
Zzzzzzzzzzzzzzzzzzzzzzz day.....
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Mav
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Post by Mav on Nov 1, 2012 12:10:25 GMT -8
For AAPL, anyway.
Overall market seems to be handling things decently.
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JDSoCal
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Post by JDSoCal on Nov 1, 2012 12:10:43 GMT -8
Sounds like Cramer is denying this, but he's trying to be clever so it isn't 100% clear:
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Post by Deleted on Nov 1, 2012 12:15:16 GMT -8
*Crickets*
Pretty quiet around here today.
I would hate to think where AAPL would have finished today if the markets were flat or down.
Cramer saying Sell is bizarre at this stage - are the hedgies trying to break us below the 200?
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Post by The Big Toe on Nov 1, 2012 12:28:18 GMT -8
GREEEEEEENNNNN!!!!
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Post by onemoreanimal on Nov 1, 2012 12:31:34 GMT -8
Zzzzzzzzzzzzzzzzzzzzzzz day..... You gotta wonder if the big money is just waiting for the election. CEOs and analysts being paraded on CNBC seem to have one message: if it's Romney, stocks rally and bonds decline; Obama, the reverse. With the polls showing a virtual tie, we're kind of in wait-and-see mode.
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Post by lovemyipad on Nov 1, 2012 12:32:19 GMT -8
ROFL -- love it!!!!! Where IS that rally monkey!?!?!?!
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Post by lovemyipad on Nov 1, 2012 12:32:54 GMT -8
Zzzzzzzzzzzzzzzzzzzzzzz day..... You gotta wonder if the big money is just waiting for the election. CEOs and analysts being paraded on CNBC seem to have one message: if it's Romney, stocks rally and bonds decline; Obama, the reverse. With the polls showing a virtual tie, we're kind of in wait-and-see mode. It's just us. Everything else is moving just fine.
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Post by lovemyipad on Nov 1, 2012 12:34:17 GMT -8
IMHO, our low volume sideways shuffle is due to -- yes, the obvious OE plus -- sellers' exhaustion and buyers' absence.
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Mav
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Post by Mav on Nov 1, 2012 12:36:37 GMT -8
iPad, you think Hurricane/Superstorm Sandy has much to do with the sleepier trading?
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Post by lovemyipad on Nov 1, 2012 12:37:51 GMT -8
Mav, I don't know...everyone else's volume seems fine.
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Mav
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Post by Mav on Nov 1, 2012 12:43:49 GMT -8
The Legend of Sleepy AAPL, then.
Hey, at least today was a "consolidation" day.
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Post by kloot on Nov 1, 2012 12:52:24 GMT -8
Well, I think we can probably all agree: Cramer knows balls--about AAPL. I can find no evidence of Cramer saying AAPL is a sell. don't think that's right.
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Post by wheeles on Nov 1, 2012 13:05:08 GMT -8
This sideways move over the last couple of days looks very much like AAPL was working off some of its short term oversold status.
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Post by rutgersguy92 on Nov 1, 2012 13:08:10 GMT -8
This sideways move over the last couple of days looks very much like AAPL was working off some of its short term oversold status. So you see another leg down, eh? If we break through the 200-day SMA, what is left to bounce off? Back on June 20, 2011, we had already broken through the 200-day (@ 326), and went as far as 310.50, but closed @ 315.32, after bouncing off the lower Bollinger Band). The next day we were up 10, and that began the run-up into July '11 earnings, and a trip to 400.
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Post by mbeauch on Nov 1, 2012 13:21:53 GMT -8
This sideways move over the last couple of days looks very much like AAPL was working off some of its short term oversold status. Yep, all the way up to a RSI of 34. I maintain that I have no clue about a bottom for AAPL. Personally, since I am a card carrying member of the "tin foil hat club", I think this all has to do with weekly options. Geez, the S&P was up 15 points for Pete's sake on very good volume. And of all companies, Ford did a follow up on yesterday's massive move. Its just AAPL - us? We stink. Man, I hope that light at the end of the tunnel is not a train coming my way. RG, was worried about you guys up there. It was much worse than what I thought it would be. I saw a pic of a pretty good size boat that had run ashore in Jersey. That is going to be a heck of a job getting it back in the water.
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Post by Deleted on Nov 1, 2012 13:36:25 GMT -8
I'm guessing there will be a lot of of people on the east coast of the USA that will NOT be buying an iPad mini this weekend (that otherwise would have).This makes me wonder if apple will release any sales figures on Monday - it's likely the 1000s of retail locations which are apple resellers still closed is going to lead to hundreds of thousands of lost unit sales.
Then again maybe apple just calls all shipments as sales and even if they are sitting in warehouses of retail chains they will still report them as sold and give us a number on Monday anyway?
The iPad 3 sold 3 million in its first weekend, I'm picking the iPad mini will beat that given it is the biggest ever global day one rollout of an apple product ever.
Not sure how the iPad 4 sales this weekend play into things though...?
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Post by Deleted on Nov 1, 2012 13:38:50 GMT -8
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Mav
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Post by Mav on Nov 1, 2012 13:40:37 GMT -8
Tim Cook is a Living God of SCM. Apple obviously tracked Hurricane Sandy and reallocated supply to other markets to some degree.
Whether Apple will give out initial sales numbers is anyone's guess.
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Post by Deleted on Nov 1, 2012 13:47:06 GMT -8
Tim Cook is a Living God of SCM. Apple obviously tracked Hurricane Sandy and reallocated supply to other markets to some degree. Whether Apple will give out initial sales numbers is anyone's guess. IIRC it would be a first if they did not report first weekend iPad sales for a new model. Microsoft reported 4 million windows 8 upgrades for its first weekend of sales, it would be fantastic if apple could beat that number (not really comparable products I know, but it would be a wonderful sign of the times).
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Post by mcharliem on Nov 1, 2012 13:52:53 GMT -8
Tim Cook is a Living God of SCM. Apple obviously tracked Hurricane Sandy and reallocated supply to other markets to some degree. Whether Apple will give out initial sales numbers is anyone's guess. IIRC it would be a first if they did not report first weekend iPad sales for a new model. They didn't report iPad 2 sales for its opening weekend.
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Post by mbeauch on Nov 1, 2012 13:53:24 GMT -8
Tim Cook is a Living God of SCM. Apple obviously tracked Hurricane Sandy and reallocated supply to other markets to some degree. Whether Apple will give out initial sales numbers is anyone's guess. IIRC it would be a first if they did not report first weekend iPad sales for a new model. Microsoft reported 4 million windows 8 upgrades for its first weekend of sales, it would be fantastic if apple could beat that number (not really comparable products I know, but it would be a wonderful sign of the times). 4 million is a set up for disappointment. Apple did 4 million iphones on its opening weekend, that is asking to much from the mini. I actually think 1 million will be decent.
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Post by Deleted on Nov 1, 2012 13:59:46 GMT -8
IIRC it would be a first if they did not report first weekend iPad sales for a new model. Microsoft reported 4 million windows 8 upgrades for its first weekend of sales, it would be fantastic if apple could beat that number (not really comparable products I know, but it would be a wonderful sign of the times). 4 million is a set up for disappointment. Apple did 4 million iphones on its opening weekend, that is asking to much from the mini. I actually think 1 million will be decent. Its launching in 34 countries today (not 40 as I originally typed) - and in far more retail locations than the iPhone. The mini isn't using any new chips or screen technology, its supply should be massive. Edit: your right though, 4 million isnt something to be expected - but it would be nice.
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Post by rosie on Nov 1, 2012 14:05:53 GMT -8
In case you hadn't noticed, we can donate to the Red Cross thru the app store as in other disasters. So easy to do.
also, iOS 6.0.1 is available to update our devices.
Welcome Back RG! good to hear you are OK. I think Phoebes checked in from her husband's office a couple of days ago as they were without power at home.
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Post by Deleted on Nov 1, 2012 14:06:25 GMT -8
IIRC it would be a first if they did not report first weekend iPad sales for a new model. They didn't report iPad 2 sales for its opening weekend. Thanks for the correction. I wonder if that was due to the ongoing Japan earthquake/tsunami/nuclear crisis at the time.
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Post by Deleted on Nov 1, 2012 14:06:57 GMT -8
Well I'll be doing my bit spending the last of my cash on an iPad 4...everything else is tied up in index funds or this stock. I've used my last bullets on these bears and all out of ammo now, it's up to the big boys now.
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Post by greedynoob on Nov 1, 2012 14:07:16 GMT -8
Zzzzzzzzzzzzzzzzzzzzzzz day..... You gotta wonder if the big money is just waiting for the election. CEOs and analysts being paraded on CNBC seem to have one message: if it's Romney, stocks rally and bonds decline; Obama, the reverse. With the polls showing a virtual tie, we're kind of in wait-and-see mode. Yes, this does happen around closely-contested presidential elections. However history is on the side of stocks rallying no matter which one wins--the key is removal of uncertainty.
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Post by mbeauch on Nov 1, 2012 14:13:29 GMT -8
Burgess, the screen is a different size along with the case, yes supply is an issue. I really don't have a number in mind. Because of the timing of the launch I expect the number to be much lower than 4 mil and closer to 1 mil. I do think it will sell well once people start shopping for Christmas.
BTW, I have not seen a commercial for it yet, or the new ipad4. The people buying it now are Apple fans, it has to get out into the wild.
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Post by davidcv100 on Nov 1, 2012 14:21:34 GMT -8
Burgess, the screen is a different size along with the case, yes supply is an issue. I really don't have a number in mind. Because of the timing of the launch I expect the number to be much lower than 4 mil and closer to 1 mil. I do think it will sell well once people start shopping for Christmas. BTW, I have not seen a commercial for it yet, or the new ipad4. The people buying it now are Apple fans, it has to get out into the wild. I apologize if this has already been posted, but here is Gene Munster's note with his 1-1.5M first weekend sales estimate for the iPad mini: "We believe Apple could sell 1-1.5 million iPad Minis this weekend, which compares with 3 million 3rd Gen iPads sold in its launch weekend in March. Our estimate includes pre-ordered devices. We note that the iPad Mini will launch in 34 countries compared to 10 for the 3rd Gen iPad, but the 3rd Gen iPad launch included LTE versions of the device, while the Mini launch will not. The reason we expect fewer iPad Minis compared to the 3rd Gen is because of the lack of the wireless option and newness of the smaller form factor for consumers, with smaller sized tablets accounting for about 20-25% of overall market units. We believe that over time that will change, and consumers will gradually realize the benefits of the smaller form factor iPad, which will drive adoption, although it may not take form in lines for tomorrow's launch."
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