|
Post by mbeauch on Nov 8, 2012 7:12:07 GMT -8
WTF just happened?
|
|
|
Post by fas550 on Nov 8, 2012 7:12:59 GMT -8
Crap here we go again.
|
|
|
Post by terps530 on Nov 8, 2012 7:13:55 GMT -8
i think we have a Lion's Claw in the making. I just invented that btw. TA/Fundamentals haven't mattered at all so I don't see the point of trying to track it.
There is no support at the moment. Every 'range' is about as strong as a cloud. We've been in the 'Bears are out so time to buy' mode for a while now. So I say F support, technicals, fundamentals at this point. Sentiment stinks, and no one is buying. If I'm wrong and it jumps up 50 points and I missed bottom, I'd be thrilled.
Anything to get a sense of normalcy back to the strongest company worldwide. Sick of everyone being brainwashed.
|
|
|
Post by mbeauch on Nov 8, 2012 7:22:57 GMT -8
Drop 9 fing dollars in 5 minutes, WTF is going on? AAPL is under attack. Another UP PM that is decimated.
|
|
|
Post by fas550 on Nov 8, 2012 7:22:57 GMT -8
Only good thing to say is volume if it keeps up will be way above normal. 7 mil shares in 45 mins.
|
|
|
Post by po1nt on Nov 8, 2012 7:23:16 GMT -8
I guess I wait until 522 at this point This is crazy.
|
|
|
Post by prazan on Nov 8, 2012 7:24:19 GMT -8
Automated manufacturing was my specialty. It is what I did for 20 years. It requires a lot of training just to be able to put your hands on the machines. The machines themselves cost millions of dollars each and are a sight to see when running at full speed. Usually these kind of machines are very specific and changing a form factor is not feasible. In the past I have talked about this (HS machinery), but my thought was more towards robotics. In the end, things like phones and ipads will probably have to remain at final human assembly because of the nature of delicacy (metal and glass). With automation, you can spend a lot of money in a hurry when something gets misaligned. Bad work is the scourge of automation. Because of the sheer volume of phones and the form factor changes that are sure to come, i think those production lines stay in low cost countries. iMacs are a whole different story. Thanks, Mark. Informed opinions like this help me better understand how the process works.
|
|
|
Post by Plato on Nov 8, 2012 7:24:53 GMT -8
Classic capitulation
|
|
|
Post by Iceage on Nov 8, 2012 7:26:27 GMT -8
So, is this finally the last flush?
|
|
|
Post by greedynoob on Nov 8, 2012 7:26:29 GMT -8
In the end, things like phones and ipads will probably have to remain at final human assembly because of the nature of delicacy (metal and glass). I feel confident that if there comes a time that a new developing technology is about to change this, then Tim Cook will know about it, and how/when to take advantage of it.
|
|
benoir
fire starter
*
Posts: 1,318
|
Post by benoir on Nov 8, 2012 7:28:12 GMT -8
yes... this is where TC will shine.... take that perma bears!
|
|
|
Post by terps530 on Nov 8, 2012 7:28:38 GMT -8
thought u were crazy 3 days ago. Listening would have saved my account...
|
|
|
Post by Plato on Nov 8, 2012 7:31:23 GMT -8
thought u were crazy 3 days ago. Listening would have saved my account... I am sorry for anyone that lost money. IMHO if we don't go back above the 661 area soon (which would be above bear market territory), we could see 400s unfortunately.
|
|
|
Post by adamthompson32 on Nov 8, 2012 7:33:34 GMT -8
The only good news is that maybe we've lost Nate? But seriously, this isn't much fun. Thankfully this isn't atypical if you look at a 5 year chart.
|
|
|
Post by alice on Nov 8, 2012 7:35:33 GMT -8
thought u were crazy 3 days ago. Listening would have saved my account... I am sorry for anyone that lost money. IMHO if we don't go back above the 661 area soon (which would be above bear market territory), we could see 400s unfortunately. Why do you see 400s? Please explain.
|
|
|
Post by CdnPhoto on Nov 8, 2012 7:36:12 GMT -8
thought u were crazy 3 days ago. Listening would have saved my account... I am sorry for anyone that lost money. IMHO if we don't go back above the 661 area soon (which would be above bear market territory), we could see 400s unfortunately. Thanks for you input plato. What do you consider "soon"? hrs, days, weeks or months? Ok, doubt you mean months.
|
|
|
Post by wheeles on Nov 8, 2012 7:36:32 GMT -8
Agreed. This is the third time I've called capitulation in this move down and of the two previous times, the only thing that had been missing was the transfer of a couple of million shares in 5 minutes. I had thought that prolonged selling of large blocks would have been enough, but now it really does look and smell like it when we overshoot downside targets and everyone craps themselves.
|
|
|
Post by mbeauch on Nov 8, 2012 7:36:50 GMT -8
Only if it moves back up today. Plato, do you really think it is going to stop dropping? I do not. There is something going on (tin foil hat time) that screams conspiracy. Even after this massive drop you have CNBC doing a beat down piece. The first drop came out of nowhere and was fast and furious with low volume. Compared to the opening where you actually had buyers. There have been no relief rally's, none. This is an attack.
|
|
|
Post by po1nt on Nov 8, 2012 7:41:07 GMT -8
well I rolled some shares I bought at 580 (thinking it was a smokin deal) into some Jan 14 650's. This CRAP should be over by then.... Hopefully
|
|
|
Post by bryanyc on Nov 8, 2012 7:42:52 GMT -8
Over 10 million traded in the first hour. That's high volume, especially without an earnings....
|
|
|
Post by Plato on Nov 8, 2012 7:44:43 GMT -8
I am sorry for anyone that lost money. IMHO if we don't go back above the 661 area soon (which would be above bear market territory), we could see 400s unfortunately. Thanks for you input plato. What do you consider "soon"? hrs, days, weeks or months? Ok, doubt you mean months. This is the second day that AAPL trades in bear market territory. The last time was 4 years ago (when it traded below $100). IMO if we don't bounce back sharply on high volume within the next 1-2 days, we have much further down to go. Not much support around here anymore, and a lot of stops got triggered. As Wheeles correct said, a lot of people just crapped themselves and ran for the hills.
|
|
|
Post by miguelfoogo on Nov 8, 2012 7:46:16 GMT -8
OK. I am really going to try to just stop looking at the price action for the next month. Holding jan 14 700 calls that would be pointless to sell any time soon. I don't think i am helping by watching every move. it can work itself out without me
|
|
|
Post by rutgersguy92 on Nov 8, 2012 7:47:55 GMT -8
The only good news is that maybe we've lost Nate? But seriously, this isn't much fun. Thankfully this isn't atypical if you look at a 5 year chart. Where have you been, AT? In the bomb shelter?
|
|
|
Post by bryanyc on Nov 8, 2012 7:49:05 GMT -8
bought 3 Jan 14 750's to add to my stash
|
|
|
Post by highway2heel on Nov 8, 2012 7:50:31 GMT -8
Have we seen the last of P/E's in the 15-16 range? It looks like 10 may be the new 13...as far as the P/E floor goes...
|
|
|
Post by appledoc on Nov 8, 2012 7:50:49 GMT -8
I must say that this is making me feel like an idiot. 45 points ago I thought no way do we go below 550.
|
|
benoir
fire starter
*
Posts: 1,318
|
Post by benoir on Nov 8, 2012 7:51:17 GMT -8
IMO if we don't bounce back sharply on high volume within the next 1-2 days, we have much further down to go. Not much support around here anymore, and a lot of stops got triggered. As Wheeles correct said, a lot of people just crapped themselves and ran for the hills. but where is the sense in this. surely just on fundamentals someone has to see value in aapl. madness... ... and I have no dry powder left.....
|
|
|
Post by appledoc on Nov 8, 2012 7:52:41 GMT -8
Ex-cash P/E hit 9.36. Lower than the 2008 lows. Amazing.
P/C hit 4.23. Which since April 2009 is only bested by a 4.19 last fall.
|
|
|
Post by Plato on Nov 8, 2012 7:58:36 GMT -8
At this point P/E or fundamentals don't matter much. Once we broke certain levels and entered bear market territory, AAPL went almost into free fall. I will buy my LEAPS back, but I want to see conviction in the price move. This price action over the last days is horrible for investors, but heaven for day traders.
|
|
|
Post by fas550 on Nov 8, 2012 8:05:31 GMT -8
Part of the problem look at this as an investor and I'm arguing against the seemingly irrationality of traders. But each of us has vastly different objectives and time frames. A few minutes ago I looked at my account (oh crap) and asked myself what is my regret about the number. My frigging regret is not having any dry powder to buy. I hate my sh?t to be down but I hate missing a buy opportunity more. There is nothing, zero, nada etc... Fundamentally wrong with the company AND more importantly there is no competition on the horizon for at least a 9-12 months (that's as far as I dare to speculate).
|
|