Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 16, 2012 12:13:07 GMT -8
New Tier 1 nibble @ around low 520s. First buy since the 540s? Best of luck to us all!
|
|
|
Post by Red Shirted Ensign on Nov 16, 2012 12:13:49 GMT -8
If we trade 44 million shares today, it should mean something!
I'm pleased to see 520 holding well.
(Certainly didn't think I'd ever hear myself say that again after saying it last April.....)
|
|
|
Post by magictrackpad on Nov 16, 2012 12:15:39 GMT -8
|
|
|
Post by Apple II+ on Nov 16, 2012 12:19:10 GMT -8
That's high
|
|
|
Post by rutgersguy92 on Nov 16, 2012 12:22:18 GMT -8
32.05MM traded as of 1:10PM. 38.2MM shares traded as of 2:42PM. 40.2 MM shares as of 3:20 PM. Volume appears to be slowing down as traders get ready for the week-end, but that final half-hour of trading could be wild.
|
|
|
Post by rutgersguy92 on Nov 16, 2012 12:33:30 GMT -8
I went back a couple of years to see how the 40MM shares traded today stacks up. Here are the previous occurrences (in reverse chronological order):
- 4/24/12 (day after April earnings, big up day), 38MM - 3/15/12 (??), 41MM - 3/14/12 (??), 50MM - 2/15/12 (??), 53MM
- 8/8/11 (??), 40MM - 8/15/11 (??), 43MM - 3/16/11 (??), 41MM - 1/19/11 (day after Jan earnings), 40MM - 1-18-11 (day after SJ announced leave of absence due to medical reasons), 67MM
- 10/19/10 (Oct. '10 earnings?), 44MM
|
|
|
Post by sponge on Nov 16, 2012 12:35:12 GMT -8
Don't be shocked to see red by end of the day. Also everyone should be aware that we could see 510-515 in the next few weeks. But we are out of the woods and now get ready for big up and down moves from here for a while. Why do you say this? Please elaborate. Thanks Once we have high volume days with quick reversals that signals a low. Today is a perfect example. I have been buying this stock since 2005 and I have seen this pattern many times. It took me a while to recongize it. I think we can revist close to those lows just to panic the short term option holders once again and get a few more to bail out. We are out of the woods simply because Apple is a great company and the slow trickle of selling for the last 8 weeks is about to come to an end. Those holding Jan and April options can still lose all of their money simply because the stock could move slower then they would like back up. I hold April calls that are upsidedown, but I took the risk and that is part of the game. However I only risk 10% of my portfolio in options given the risk. The dividend now is allowing me reinvest or almost just live off of. I will continue to buy stock because every 12 months I get richer and richer. Option can give me great rewards but the last 8 weeks is a perfect example how risky they are. We will have this pattern of profit taking three more times in the next 12 months. No one know when it will happen and how big it will be. Love the action and volume today. Now Will wait for that sell off in the next 3 weeks and watch the panic return.
|
|
|
Post by ibuyer on Nov 16, 2012 12:35:13 GMT -8
at 3:30 41m traded
hoping for buy imbalance to kick in and push the stock to 530 pin and 45M shares
|
|
|
Post by miguelfoogo on Nov 16, 2012 12:37:48 GMT -8
It's funny that the day after SJ announced his leave of absence, the stock had some of its biggest volume ever, AND the day ended $11 up. Not what I'd expect in reaction to that news, at least when it seemed to draw such a crowd, but I was not watching the stock back then, so I don't know what all the factors were.
|
|
|
Post by phoebear611 on Nov 16, 2012 12:45:59 GMT -8
As if the AAPL crisis wasn't enough -- this whole Hostess going out of business had me run out to buy Twinkies, Yodels, Devil Dogs and Ring Dings. Ah.... there goes my youth. RIP
|
|
|
Post by Apple II+ on Nov 16, 2012 12:48:11 GMT -8
It's funny that the day after SJ announced his leave of absence, the stock had some of its biggest volume ever, AND the day ended $11 up. Not what I'd expect in reaction to that news, at least when it seemed to draw such a crowd, but I was not watching the stock back then, so I don't know what all the factors were. You're right on the volume, but it closed down about $8 on 1/18/11.
|
|
|
Post by podboy on Nov 16, 2012 12:48:11 GMT -8
Now all I hear is Apple TV rumors lol. Its crazy how coordinated this all is.
|
|
|
Post by miguelfoogo on Nov 16, 2012 12:48:36 GMT -8
I'm curious to see if we hold on to green at the end of the day
|
|
|
Post by miguelfoogo on Nov 16, 2012 12:52:45 GMT -8
It's funny that the day after SJ announced his leave of absence, the stock had some of its biggest volume ever, AND the day ended $11 up. Not what I'd expect in reaction to that news, at least when it seemed to draw such a crowd, but I was not watching the stock back then, so I don't know what all the factors were. You're right on the volume, but it closed down about $8 on 1/18/11. Ah yes. I was comparing the opening price to the closing price. I guess he made the announcement over the weekend rather than that actual trading day? If he made it on that Monday it would still be weird for it to open lower and close up. Edit: Thanks aapl II, got a little AAPL history lesson there.
|
|
|
Post by Apple II+ on Nov 16, 2012 12:55:12 GMT -8
You're right on the volume, but it closed down about $8 on 1/18/11. Ah yes. I was comparing the opening price to the closing price. I guess he made the announcement over the weekend rather than that actual trading day? If he made it on that Monday it would still be weird for it to open lower and close up. Market was closed on Monday when the announcement was made. 1/18/11 was Tuesday.
|
|
|
Post by aapl4kiki on Nov 16, 2012 12:55:43 GMT -8
You're right on the volume, but it closed down about $8 on 1/18/11. Ah yes. I was comparing the opening price to the closing price. I guess he made the announcement over the weekend rather than that actual trading day? If he made it on that Monday it would still be weird for it to open lower and close up. Seems like the pilot is about to land on runway 525...
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 16, 2012 12:56:07 GMT -8
The market woke up and took notice today. As long as we don't drop to like 520 by close, we just might have some price stability.
Still can't believe bears got AAPL down to almost 505, but y'know what? The raid got rejected today.
|
|
|
Post by rutgersguy92 on Nov 16, 2012 12:56:26 GMT -8
If we trade 44 million shares today, it should mean something! I'm pleased to see 520 holding well. (Certainly didn't think I'd ever hear myself say that again after saying it last April.....) Very good call on the volume, Ensign. We're at 43 and change as I write this. Looks also like the landing will have us close almost flat.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 16, 2012 12:57:23 GMT -8
We should close above $525, if for no other reason puts outnumbered calls at the $525 strike this morning.
|
|
|
Post by aapl4kiki on Nov 16, 2012 12:57:55 GMT -8
Ah yes. I was comparing the opening price to the closing price. I guess he made the announcement over the weekend rather than that actual trading day? If he made it on that Monday it would still be weird for it to open lower and close up. Seems like the pilot is about to land on runway 525... Was he given clearance for runway 530? Change of plans?
|
|
|
Post by The Big Toe on Nov 16, 2012 12:58:03 GMT -8
I'm curious to see if we hold on to green at the end of the day Why is that?
|
|
|
Post by miguelfoogo on Nov 16, 2012 13:00:08 GMT -8
Doesn't make too much of a difference, but it will still put a smile on my face going into the weekend. It looks pretty good now
Edit: Ok, wow. From some pretty low lows, that turned into a beautiful day.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 16, 2012 13:00:43 GMT -8
Always like to see green and volume on the same day, especially after a called, hoped-for bottom.
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Nov 16, 2012 13:00:50 GMT -8
Refreshing change of pace. Big volume day, bears tried and retried and failed to ring AAPL back down. We may finally have a foundation to build from.
Also retraced a good amount of that 505.75-530 move already.
|
|
|
Post by phoebear611 on Nov 16, 2012 13:01:33 GMT -8
G R E E N!!!
|
|
|
Post by rob_london on Nov 16, 2012 13:01:40 GMT -8
Am I hallucinating or did AAPL just finish green? ;-)
|
|
|
Post by tuffett on Nov 16, 2012 13:01:45 GMT -8
Big volume...dare I say the c-word? You're welcome, everyone ;D
|
|
|
Post by darrenhd on Nov 16, 2012 13:02:33 GMT -8
Doesn't make too much of a difference, but it will still put a smile on my face going into the weekend. It looks pretty good now Looking at the level 2 price action it looked like there were still EO's trying to keep the stock down, but they were losing out and sort of gave up in the last couple of minutes. This price action is different on days where the stock goes up 10-30 dollars where it has what looks like much less resistance. I still saw the resistance today in the last 5 minutes of trading but it seemed to be overwhelmed. I'll take today as a hopefully good sign!!
|
|
|
Post by rutgersguy92 on Nov 16, 2012 13:03:00 GMT -8
As if the AAPL crisis wasn't enough -- this whole Hostess going out of business had me run out to buy Twinkies, Yodels, Devil Dogs and Ring Dings. Ah.... there goes my youth. RIP I feel your pain. But fortunately, Drake's makes a comparable product for at least the Yodels and Ring Dings.
|
|
|
Post by lovemyipad on Nov 16, 2012 13:03:16 GMT -8
That's the strongest +2 we've seen since 705. I'll take it!!!
|
|