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Post by Plato on Sept 18, 2012 5:50:52 GMT -8
I just re-read Apple's official press release and this line stood out: "Demand for iPhone 5 exceeds the initial supply and while the majority of pre-orders will be delivered to customers on September 21, many are scheduled to be delivered in October." This almost seems as if they're warning analysts and investors that they may not meet the lofty 10-12 million sales estimates that are being thrown around by the end of the quarter. I'm long and hope that's not the case, but it does seem a little odd that they would word it that way in a press release. I wouldn't be concerned about that at all. Anybody selling as a result of any perceived weakness in iPhone sales this Q will be absolutely steamrolled by everyone trying to get into AAPL to catch the insane holiday Q results. I agree the January and April earnings will be prudent.
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Post by Tetrachloride on Sept 18, 2012 5:56:02 GMT -8
The return to 699.
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Post by Big Al on Sept 18, 2012 6:00:01 GMT -8
Boom
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Post by roni on Sept 18, 2012 6:02:25 GMT -8
Jinx was short-lived
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Post by Zeke on Sept 18, 2012 6:04:27 GMT -8
$700.97....Zoom!
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Post by Red Shirted Ensign on Sept 18, 2012 6:16:23 GMT -8
Will that wall at 700 come a tumbling down?
Third wave of attack underway...
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Post by petertje on Sept 18, 2012 6:22:39 GMT -8
700 again
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Post by nkmho on Sept 18, 2012 6:27:00 GMT -8
Lost it again...
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Post by Tetrachloride on Sept 18, 2012 6:27:58 GMT -8
For fast traders, we might be range-bound for a bit. I'll just sit back and enjoy the view for a few days.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Sept 18, 2012 6:39:14 GMT -8
I anticipated more resistance at 700. We seem to be consolidating nicely on a gentle upward trend. 😃
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Post by lovemyipad on Sept 18, 2012 6:46:06 GMT -8
AAPL intraday: rising wedge.
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Post by tradermac on Sept 18, 2012 6:52:33 GMT -8
Something to look forward to, tomorrow evening if history repeats, at 6pm pacific, the embargo on iPhone 5 reviews will lift and we will see a first glimpse into what the pundits have to say. I can't wait!
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Post by Zeke on Sept 18, 2012 6:59:38 GMT -8
Classic quarter wave decay pattern around $700. Once it flattens out we'll jump one way or the other. My guess is up.
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Post by Plato on Sept 18, 2012 7:07:44 GMT -8
I think short term (i.e. within the hour that is), we will go down. We have lower lows and lower highs on the 10min chart. JMHO.
Edit: Of course, as soon as I wrote this, we starting to have these wilder swings now.
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Post by lovemyipad on Sept 18, 2012 7:08:21 GMT -8
Will figure out how to organize Intraday threads after market...
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Post by lovemyipad on Sept 18, 2012 7:09:03 GMT -8
I think short term (i.e. within the hour that is), we will go down. We have lower lows and lower highs on the 10min chart. JMHO. Come play in trading group this afternoon??! I've missed you!!!!!!!!!!!!
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Post by appledoc on Sept 18, 2012 7:14:04 GMT -8
I didn't even notice we had separate intraday threads. I like it.
Cheers to $700. When is the AFB $700 party happening?!
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Post by Tetrachloride on Sept 18, 2012 7:21:33 GMT -8
Welcome appledoc. I can imagine a late October AFB somewhere. Although, I might be on a long long road trip
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Post by mbeauch on Sept 18, 2012 7:27:05 GMT -8
I didn't even notice we had separate intraday threads. I like it. Cheers to $700. When is the AFB $700 party happening?! As do I, the other thread just needs to be closed so people are not responding in both during the day. Closing at night would probably be best since the traffic dies down. Just my .04c
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Post by madmaxroi on Sept 18, 2012 7:29:36 GMT -8
The question for the rest of the week...will the wall of $700 calls expiring this week prevent any further upside movement until next week?
Anyone playing this theory?
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Post by mbeauch on Sept 18, 2012 7:30:09 GMT -8
Upper BB has turned up nicely, should be 703 ish tomorrow. MACD is positive and slightly higher, Mmmmmmmmm me likey Sticking to plan.
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Post by greedynoob on Sept 18, 2012 7:33:03 GMT -8
The question for the rest of the week...will the wall of $700 calls expiring this week prevent any further upside movement until next week? Anyone playing this theory? Watching it, thinking it's likely. If there's a drop today and/or tomorrow, then Thu AM I'm likely going long in weeklies.
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Post by stkstalker on Sept 18, 2012 7:35:33 GMT -8
My IRA got approved for Level 2 Standard Cash ( no spreads), where I have common shares. I sold the common to fund some calls if we have a small pullback or successfully defend the 700 strike.
So my holdings will be more volatile, but AAPL has a lot of good news and product releases and upgrades coming quickly, so I will wager.
Holdings are - Roth IRA 37 Apr 13 600 call 20 Jan 14 630 call May sell some of the Apr 600 and get 20 Jan 15 calls in the 750 to 770 strike range.
Traditional IRA $192K cash Looking at 10 each Oct 12 650, Jan 13 700 and Apr 13 650 calls.
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Post by phoebear611 on Sept 18, 2012 7:49:14 GMT -8
There are over 34k contracts in OI for 700 in the weeklies - if we bust through there it will be a incredible but it will need volume - if not we may get pinned. It's only Tuesday so anything can happen for the balance of the week.
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Post by Plato on Sept 18, 2012 7:50:43 GMT -8
I think short term (i.e. within the hour that is), we will go down. We have lower lows and lower highs on the 10min chart. JMHO. Come play in trading group this afternoon??! I've missed you!!!!!!!!!!!! Thanks I'll stop by when I get a chance. Missed you too !!
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Sept 18, 2012 8:00:39 GMT -8
Hi, It's great to see this community live and kicking. I'm mostly a quiet reader, but having the ability to follow so many smart people here is really awesome. On to AAPL - Personally I think that short/medium term is a little overbought, and the PE became a little high. Put that together with the overall market rally and I decide to wait for a better entry point for stocks/spreads. I think that there are more chances for a correction of ~10% or a bit more (depending on the entire market). Any thoughts? Waiting for a 10% pullback just ahead of earnings and guidance for the December is like playing Russian roulette with an automatic.
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Post by adamthompson32 on Sept 18, 2012 8:04:47 GMT -8
Hi, It's great to see this community live and kicking. I'm mostly a quiet reader, but having the ability to follow so many smart people here is really awesome. On to AAPL - Personally I think that short/medium term is a little overbought, and the PE became a little high. Put that together with the overall market rally and I decide to wait for a better entry point for stocks/spreads. I think that there are more chances for a correction of ~10% or a bit more (depending on the entire market). Any thoughts? Waiting for a 10% pullback just ahead of earnings and guidance for the December is like playing Russian roulette with an automatic. +7,000,000 (number of iPhones sold opening weekend)
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Sept 18, 2012 8:07:19 GMT -8
I think short term (i.e. within the hour that is), we will go down. We have lower lows and lower highs on the 10min chart. JMHO. Edit: Of course, as soon as I wrote this, we starting to have these wilder swings now. I use AAPL's performance against the 5 DMA of its intraday high and low. When intraday low is printing above the 5 DMA intraday HIGH (as it is now) we should expect a sell off to some degree. However, interest in AAPL is so high I rather expect it to go sideways today and tomorrow. This will allow the 5 DMA to catch up. Once that happens it is quite likely that AAPL will take off again. This is also what the 3 year historical trading trend for this week shows.
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Post by sponge on Sept 18, 2012 8:08:48 GMT -8
Hi, It's great to see this community live and kicking. I'm mostly a quiet reader, but having the ability to follow so many smart people here is really awesome. On to AAPL - Personally I think that short/medium term is a little overbought, and the PE became a little high. Put that together with the overall market rally and I decide to wait for a better entry point for stocks/spreads. I think that there are more chances for a correction of ~10% or a bit more (depending on the entire market). Any thoughts? Waiting for a 10% pullback just ahead of earnings and guidance for the December is like playing Russian roulette with an automatic. Any pull back will be very short lived, especially the one when WS realizes there won't be an iPad Mini ;D
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Post by Tetrachloride on Sept 18, 2012 8:09:02 GMT -8
Earlier this morning, the buyers did not step in until 697 was breached. After that, a dip of 10 or 20 cents was a buying opportunity.
Its lunch time and the aapl market is moderate volume at 7.5 M shares traded.
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