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Post by terps530 on Nov 7, 2012 7:58:44 GMT -8
everything that could go wrong or hurt the market/apple, seems to be happening.
we need more than a spark to turn this around. maybe a nuke is more like it.
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Post by Iceage on Nov 7, 2012 8:00:01 GMT -8
Still waiting for Zaky's +$20 day. Zaky knows nothing about the near term that you or I don't. He's been wrong over and over again. His quarterly estimates have been way off also.
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Post by appledoc on Nov 7, 2012 8:04:50 GMT -8
Lowest P/E, P/C and ex-cash P/E since immediately after 1Q12 earnings.
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Post by lovemyipad on Nov 7, 2012 8:06:45 GMT -8
Got assigned today for the first time on my 395/405 for this January. Woke up with my account down -12,000 and I had option buying power of -58,000. So in a margin call position. Never been assigned before so i almost had a heart attack looking at my rig. I figured it was an assignment but wasn't sure what to do. Wound up exercising my 395, bought the stock back and paying out the dividends I now owed. Due to apple going down since I was short the stock for the morning I actually wound up making more money than I would have if i just held the spread to expiration. Still didn't like going through that. haha I like keeping it simple. btw this price drop stinks. Read This
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Post by moltenfire on Nov 7, 2012 8:09:24 GMT -8
everything that could go wrong or hurt the market/apple, seems to be happening. we need more than a spark to turn this around. maybe a nuke is more like it. The only nuke that would definitively move AAPL up is an earnings EPS beating guidance by >20% in Jan13. WS is in a pessimisstic show-me mood right now with two earnings misses in a row. Between now and then, I don't see any other AAPL event that would have a huge positive impact. CHL is likely to announce the iPhone 5 for sale in China in late Jan/Feb in time for Chinese New Year, and would probably not have any material impact for this Oct-Dec Quarter.
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Post by terps530 on Nov 7, 2012 8:17:15 GMT -8
ugh im teetering on a margin call starting to grow and show up in my account due to how far down my bull put spreads are. 60-70% of account in equities and now that isn't even enough to cover these bombs...
fun times
edit: oh yea and now ATHENA (noreaster) adding to the battered coast. just another thing to pile on the market.
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Post by lance on Nov 7, 2012 8:17:32 GMT -8
At this pace we should be down 8.5% by the end of the day.
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Post by lovemyipad on Nov 7, 2012 8:19:21 GMT -8
Weekly SMA-50 currently at 560.81. Let's see how this plays out.... AAPL WEEKLY CHART:
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Post by tofdriver on Nov 7, 2012 8:21:06 GMT -8
The question would be what volume Apple can buy? Are they buying or are they waiting for better prices?
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Post by lovemyipad on Nov 7, 2012 8:22:48 GMT -8
Easy thing to would be to capitulate. Majority of my holdings are Jan 14 or later, so the EO can go stick it up their collective _______! (...) Better days ahead. Tune out and look forward. +1 IMHO, this is capitulation. Folks will attribute this to xxx, foresee lower prices ahead, and fold. Then, we'll go up.
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Post by rutgersguy92 on Nov 7, 2012 8:23:45 GMT -8
This thing is bouncing off the lower Bollinger Bank on the daily chart.
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Post by bernard on Nov 7, 2012 8:24:49 GMT -8
The question would be what volume Apple can buy? Are they buying or are they waiting for better prices? The board authorized them only to purchase enough shares to cover employee option grants. Do not expect any support from their repurchase program.
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Post by appledoc on Nov 7, 2012 8:25:33 GMT -8
The question would be what volume Apple can buy? Are they buying or are they waiting for better prices? I believe it is $1B for this quarter.
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Post by lovemyipad on Nov 7, 2012 8:25:47 GMT -8
I don't see a bounce yet. We'll know when it bounces. Like porn...you'll know it when you see it.
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Post by aaplexcelsior on Nov 7, 2012 8:25:54 GMT -8
IMHO, this is capitulation. Folks will attribute this to xxx, foresee lower prices ahead, and fold. Then, we'll go up. Do you think the stock will recover some by the end of today? What about the fact that we're under the weekly 50 now?
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Post by appledoc on Nov 7, 2012 8:26:40 GMT -8
Easy thing to would be to capitulate. Majority of my holdings are Jan 14 or later, so the EO can go stick it up their collective _______! (...) Better days ahead. Tune out and look forward. +1 IMHO, this is capitulation. Folks will attribute this to xxx, foresee lower prices ahead, and fold. Then, we'll go up. I also want to call this capitulation. Darn this picture getting clouded by the election and Europe and stupid Foxconn talk.
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Post by lovemyipad on Nov 7, 2012 8:26:58 GMT -8
IMHO, this is capitulation. Folks will attribute this to xxx, foresee lower prices ahead, and fold. Then, we'll go up. Do you think the stock will recover some by the end of today? What about the fact that we're under the weekly 50 now? I didn't say end of today. I said this is capitulation. Just let it play out.
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Post by bernard on Nov 7, 2012 8:27:23 GMT -8
Easy thing to would be to capitulate. Majority of my holdings are Jan 14 or later, so the EO can go stick it up their collective _______! (...) Better days ahead. Tune out and look forward. +1 IMHO, this is capitulation. Folks will attribute this to xxx, foresee lower prices ahead, and fold. Then, we'll go up. But its not folks that are moving this stock. It is the institutions and hedge funds that control 70% of the shares.
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Post by lovemyipad on Nov 7, 2012 8:28:34 GMT -8
It's the institutions LACK of buying... I highly doubt this is institutional selling. Smart money already sold. This is dumb money. Last flush.
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Post by rutgersguy92 on Nov 7, 2012 8:29:37 GMT -8
Easy thing to would be to capitulate. Majority of my holdings are Jan 14 or later, so the EO can go stick it up their collective _______! (...) Better days ahead. Tune out and look forward. +1 IMHO, this is capitulation. Folks will attribute this to xxx, foresee lower prices ahead, and fold. Then, we'll go up. Volume is 11.8MM, after 2 hours of trading. Usually around 6-7MM at this time.
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Post by appledoc on Nov 7, 2012 8:33:21 GMT -8
It's the institutions LACK of buying... I highly doubt this is institutional selling. Smart money already sold. This is dumb money. Last flush. +1
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Post by miguelfoogo on Nov 7, 2012 8:34:31 GMT -8
OK. I'm finally seeing this as capitulation. And I think it's a good thing. Strong volume. Squeeze it out. Down to 550 if we have to to get the weak hands out
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Post by appledoc on Nov 7, 2012 8:34:50 GMT -8
See that quick drop to 556.04 and the lightning fast rebound? Reminds me of May.
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Post by rutgersguy92 on Nov 7, 2012 8:35:35 GMT -8
+1 IMHO, this is capitulation. Folks will attribute this to xxx, foresee lower prices ahead, and fold. Then, we'll go up. I also want to call this capitulation. Darn this picture getting clouded by the election and Europe and stupid Foxconn talk. And now the fiscal cliff.
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Post by wheeles on Nov 7, 2012 8:36:00 GMT -8
That was capitulation.
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Deleted Member
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Post by Deleted on Nov 7, 2012 8:36:47 GMT -8
Is this the $20 movement day Andy was talking about?? Ouch
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Post by aaplexcelsior on Nov 7, 2012 8:36:57 GMT -8
Does that mean we should buy, do you think?
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Post by bernard on Nov 7, 2012 8:37:51 GMT -8
It's the institutions LACK of buying... I highly doubt this is institutional selling. Smart money already sold. This is dumb money. Last flush. Lovey, I hope the angels are listening to you.
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Post by Apple II+ on Nov 7, 2012 8:38:07 GMT -8
bought the dip
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Post by rutgersguy92 on Nov 7, 2012 8:38:59 GMT -8
I don't think the EO want this to close under 570, since that would screw up the longer trendlines. Anything less than 570 would put us below the July low, and the first time that has happened in a while.
I would think the EO know it's in their best interests to keep AAPL's technicals constructive for another run-up, rather than destroy it.
Just my 2 cents.
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