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Post by ibuyer on Nov 16, 2012 8:58:25 GMT -8
10 points off the lows here... notice indices are in right now flat or up!
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Post by rob_london on Nov 16, 2012 8:58:58 GMT -8
I'm so looking forward to that moment when panic buying occurs...
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Post by mightydog on Nov 16, 2012 8:59:04 GMT -8
Assuming the hedgies bought last year or early this year, they are locking in a 25-30% gain for 2012 buy selling AAPL this week. Not a bad return in their minds compared to other stocks. My point is that the retail traders (the so-called "not so smart money") selling last week after Obama won re-election got a better price. I agree last week would be better. However, there are lots of retail investors who have low average cost and could "afford" to sell at this level and still realize significant returns. As for the run up to $705, I don't think it was caused by institutions, MM or hedgies unless there was downside protection in place. More sheeple out there than institutions, MM or hedgies. While I hate to see this happen, I can't help but think it is just as irrational as how quickly the stock ran up to $705.
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Post by bryanyc on Nov 16, 2012 8:59:07 GMT -8
This, finally, looks like a real reversal on extra high volume. Lets hope.
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Post by gtrplyr on Nov 16, 2012 8:59:10 GMT -8
So, nearly a 200 point drop. Think the machines like that number? This machine does not ....
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Post by darrenhd on Nov 16, 2012 9:00:37 GMT -8
This, finally, looks like a real reversal on extra high volume. Lets hope. Nice intra-day reversal. But I'd still like to see green... we are still down almost $7 bucks from the open.
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Post by frqntflr on Nov 16, 2012 9:02:15 GMT -8
just a word of caution ... this isn't so much an AAPL reversal as a market-led bounce ... personally, it's still too early to jump on board with a long or adding to one just yet ... i've never had much luck calling tops/bottoms ... this time i'm waiting till i see it in the charts
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Post by darrenhd on Nov 16, 2012 9:03:31 GMT -8
just a word of caution ... this isn't so much an AAPL reversal as a market-led bound ... personally, it's still too early to jump on board with a long or adding to one just yet ... i've never had much luck calling tops/bottoms ... this time i'm waiting till i see it in the charts Agreed. We probably do have some shorts covering now though. There will be panic on the way up just as there was on the way down
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Post by miguelfoogo on Nov 16, 2012 9:03:46 GMT -8
I'm finally ready to make a prediction: If we continue with this action we'll end higher. If we reverse, it'll be another down day. I'll bet on that one.
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Post by lovemyipad on Nov 16, 2012 9:04:00 GMT -8
Okay, we've been fooled enough times, but I would just like to say... Capitulation looks like this. Textbook.
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Post by po1nt on Nov 16, 2012 9:04:42 GMT -8
used the last of my cash at 516... fingers crossed!!!!
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Post by lovemyipad on Nov 16, 2012 9:05:03 GMT -8
A permabear in one of my trading groups (Avi's trading group) just posted: no sane bear is going to re-short into this before the weekend...enjoy the rally...it's real.
Let's see...
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Post by sponge on Nov 16, 2012 9:06:21 GMT -8
Okay, we've been fooled enough times, but I would just like to say... Capitulation looks like this. Textbook. Bingo Have been waiting for this the last 6 weeks. We could see sub 520 again next week, but I think we are out of the woods. We will be dazed and confused walking around in circles now for a few weeks. Then watch what happens post Christmas.
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Post by frqntflr on Nov 16, 2012 9:07:23 GMT -8
Okay, we've been fooled enough times, but I would just like to say... Capitulation looks like this. Textbook. here's hoping, if you've got 'em, cross 'em ... mine are
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Post by phoebear611 on Nov 16, 2012 9:07:30 GMT -8
I REALLY do not want to place any of my hopes EVER on any politician - BUT - they did all sound very positive at arriving at a solution. Naturally, it will all be in the details but for the love of God - THEY ARE TALKING and saying SIMILAR things. We'll see... it was about as positive as it could possibly be at this point in time but I wish we had never come to this cliff. Like Tony Soprano used to say, "I hate you for having to make me have this conversation with you!" Hey, Phoebes, you weren't at LaGuardia airport yesterday, by any chance. Thought maybe you couldn't stand waiting the two weeks for your IPad mini. Ummm....no I wasn't ....that's my story and I'm sticking to it!
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Post by rob_london on Nov 16, 2012 9:08:30 GMT -8
Terranova: "generational buy"
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Post by sponge on Nov 16, 2012 9:13:45 GMT -8
Terranova: "generational buy" aapl stock has been that for the last 5 years. Keep buying this stock and you will be well rewarded in the next 5-10 years. Forget short term options. It is like investing in GE in 1893 or Ford in 1909 or IBM in 1950.
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Post by phoebear611 on Nov 16, 2012 9:14:07 GMT -8
God help me - I had to buy some naked calls - this whole price action is outrageous...I just had to....
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Post by ibuyer on Nov 16, 2012 9:15:00 GMT -8
just a word of caution ... this isn't so much an AAPL reversal as a market-led bounce ... personally, it's still too early to jump on board with a long or adding to one just yet ... i've never had much luck calling tops/bottoms ... this time i'm waiting till i see it in the charts +1 would be really good sign to close about 526. already 25M traded. IMHO for those long, super long and super dooper long - wait for the confirmation. Those underweight congrats and time to add!
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Post by ibuyer on Nov 16, 2012 9:15:48 GMT -8
God help me - I had to buy some naked calls - this whole price action is outrageous...I just had to.... may i ask what timeframe and how out of the money?
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Post by frqntflr on Nov 16, 2012 9:16:00 GMT -8
just a word of caution ... this isn't so much an AAPL reversal as a market-led bound ... personally, it's still too early to jump on board with a long or adding to one just yet ... i've never had much luck calling tops/bottoms ... this time i'm waiting till i see it in the charts Agreed. We probably do have some shorts covering now though. There will be panic on the way up just as there was on the way down panic on the way up? i am soooo ready for it
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Post by appledoc on Nov 16, 2012 9:16:25 GMT -8
Fingers crossed. I tried to put in an order for more spreads, but I'm in the midst of interviewing and the OptionsXpress mobile site sucks.
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Post by rutgersguy92 on Nov 16, 2012 9:17:07 GMT -8
25.3MM shares traded as of 12:14PM. This could be a 35-40MM share day, which are usually reserved for the day after earnings, or the two days last week when shareholders wanted to lock in their long-term capital gains for 2012.
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Post by dougal on Nov 16, 2012 9:18:33 GMT -8
[/quote]
Are you kidding?
Edited to add - please prove that "selling on strength" or "buying on weakness" actually has any tangible meaning for the stock movements. If you can do that, I'll appreciate your posts on this subject in the future. If you can't do that, I'll continue to consider it useless "information".[/quote]
+1
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Post by frqntflr on Nov 16, 2012 9:21:33 GMT -8
nice looking hammer on the daily ... would be even nicer if it finishes the day green
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Post by lovemyipad on Nov 16, 2012 9:21:46 GMT -8
For the love of all things holy, would you look at the daily candle? Have not seen that kind of reversal in so friggin long.
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Post by mbeauch on Nov 16, 2012 9:21:54 GMT -8
Come on baby. Daddy needs a shoe. That's right, not being greedy, one will do for now.
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Post by Deleted on Nov 16, 2012 9:24:01 GMT -8
I've never called a bottom before, so I'm using my chance today.
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Post by Deleted on Nov 16, 2012 9:25:18 GMT -8
We're going green and then some...
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Post by madmaxroi on Nov 16, 2012 9:25:17 GMT -8
Looks like I picked the wrong week to stop riding roller coasters.
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