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Post by Deleted on Dec 5, 2012 1:24:13 GMT -8
Midweek madness.
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Post by rob_london on Dec 5, 2012 1:39:38 GMT -8
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Deleted
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Post by Deleted on Dec 5, 2012 2:07:03 GMT -8
Market futures solid green - AAPL solid red.
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Post by wheeles on Dec 5, 2012 2:18:36 GMT -8
I was talking about this sort of thing a couple of days ago. We had a day when CNBC kept pumping AAPL and knocking out the shorts, and now we have a move down with far fewer shorts around to cover into this move, so the move goes further.
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Post by lovemyipad on Dec 5, 2012 3:33:21 GMT -8
I was talking about this sort of thing a couple of days ago. We had a day when CNBC kept pumping AAPL and knocking out the shorts, and now we have a move down with far fewer shorts around to cover into this move, so the move goes further. Yep.
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Post by jdrizzo89 on Dec 5, 2012 4:13:47 GMT -8
7 points above the 20 day. Hopefully doesn't reach that level and if it does strong bounce..
Is this Nasdaq rebalancing related?
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Post by phoebear611 on Dec 5, 2012 4:35:13 GMT -8
7 points above the 20 day. Hopefully doesn't reach that level and if it does strong bounce.. Is this Nasdaq rebalancing related? The switch is December 12th but what I am not sure of is whether funds do it leading up to that day (which I am sure SOME do) or if they wait till that specific day. Once they have the names of the changes I think they are allowed to move forward. Some are prohibited until it is officially announced but we got that last night.
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Post by Big Al on Dec 5, 2012 5:12:14 GMT -8
Deep red in pre-market.
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Post by wheeles on Dec 5, 2012 5:12:37 GMT -8
The retail crowd that just piled in short at the turn of 8am ET are really going to regret doing that.
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Post by artman1033 on Dec 5, 2012 5:16:34 GMT -8
The retail crowd that just piled in short at the turn of 8am ET are really going to regret doing that. I am confused. PLEASE explain your timeline. Are you saying AAPL will close higher TODAY than the current price of $567?
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Post by lovemyipad on Dec 5, 2012 5:28:12 GMT -8
7 points above the 20 day. Hopefully doesn't reach that level and if it does strong bounce.. Is this Nasdaq rebalancing related? Nothing wrong with retracing there, but definitely want see a strong bounce.
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Post by dennyhil on Dec 5, 2012 5:29:27 GMT -8
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Post by mbeauch on Dec 5, 2012 5:30:06 GMT -8
Yech, that was a crappy jobs number
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Post by wheeles on Dec 5, 2012 5:30:16 GMT -8
The retail crowd that just piled in short at the turn of 8am ET are really going to regret doing that. I am confused. PLEASE explain your timeline. Are you saying AAPL will close higher TODAY than the current price of $567? Yes, that is what I am saying. Of course, news or analysts can come out and derail things, but from a technical perspective we are due for a bounce higher. At 8am ET a number of brokers allow their clients to start trading. Often you will see a spike up or down as a bunch of orders pile in at that time. Often it looks like an emotional reaction as there seems to be very little logic to the move. EDIT: What would tend to be the case is that people have had a sleepless night over their positions and are either getting out ASAP, or are getting greedy and don't want to miss a move.
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Post by mbeauch on Dec 5, 2012 5:31:27 GMT -8
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Post by dennyhil on Dec 5, 2012 5:40:04 GMT -8
Thanks - hey I was rooting for the dawgs.. Wish it would've worked out. Seriously - what do you think about this china mobile deal with nok?
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Post by artman1033 on Dec 5, 2012 5:41:16 GMT -8
I am confused. PLEASE explain your timeline. Are you saying AAPL will close higher TODAY than the current price of $567? Yes, that is what I am saying. Of course, news or analysts can come out and derail things, but from a technical perspective we are due for a bounce higher. At 8am ET a number of brokers allow their clients to start trading. Often you will see a spike up or down as a bunch of orders pile in at that time. Often it looks like an emotional reaction as there seems to be very little logic to the move. EDIT: What would tend to be the case is that people have had a sleepless night over their positions and are either getting out ASAP, or are getting greedy and don't want to miss a move. Dear friend of ELMO: Thank you for your explanation. For the record, I think AAPL will close today below $567. I have no current positions in AAPL.
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Post by mbeauch on Dec 5, 2012 5:52:21 GMT -8
Thanks - hey I was rooting for the dawgs.. Wish it would've worked out. Seriously - what do you think about this china mobile deal with nok? Will take some sales, but. I don't expect them to line up for it.
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Post by mbeauch on Dec 5, 2012 5:56:13 GMT -8
Yes, that is what I am saying. Of course, news or analysts can come out and derail things, but from a technical perspective we are due for a bounce higher. At 8am ET a number of brokers allow their clients to start trading. Often you will see a spike up or down as a bunch of orders pile in at that time. Often it looks like an emotional reaction as there seems to be very little logic to the move. EDIT: What would tend to be the case is that people have had a sleepless night over their positions and are either getting out ASAP, or are getting greedy and don't want to miss a move. Dear friend of ELMO: Thank you for your explanation. For the record, I think AAPL will close today below $567. I have no current positions in AAPL. I have been scared of the other side of 572. My stomach medicine has not been working good, may need to quit eating.
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Post by Rupert on Dec 5, 2012 6:01:55 GMT -8
Resistance/Support Wednesday 12/05/2012
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Post by phoebear611 on Dec 5, 2012 6:07:41 GMT -8
Citi cutting 11,000 jobs .... why do I feel like Rome is burning while Nero fiddles....c'mon Washington!
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Post by Rupert on Dec 5, 2012 6:15:47 GMT -8
Nick Nansen says..... My Thoughts from China on What Apple Needs to DoPosted on December 4, 2012 nanseninvestments.com/
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Post by appledoc on Dec 5, 2012 6:20:42 GMT -8
Come summer time we will have forgotten about all this crap. That's all I care about.
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Post by lovemyipad on Dec 5, 2012 6:24:56 GMT -8
EDIT: What would tend to be the case is that people have had a sleepless night over their positions and are either getting out ASAP, or are getting greedy and don't want to miss a move. That's what I'm thinking, too. Fear for bulls and greed for bears? My WAG: On the bull side, we have fear -- folks who survived 505 but can't stomach the thought of reliving it. On the bear side, we have greed -- folks who either banked coin to 505 and want to relive their glory days of being right, and/or those who missed the last southbound train (or got off too soon) and don't want to miss the next one. My trading buddy Joe said he felt like the kid whose big sister put him on the roller coaster and now he's trapped and just wants to get off. (I told him to close his eyes.) EDIT: Remember when we came up from 522 after APR'12 earnings? We shot to 581.50, then retraced to 548.50 in two days? Well, this is Day 2 of our retrace.
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Post by appledoc on Dec 5, 2012 6:32:22 GMT -8
Kind of adding on to that iPad, I think we're in a new age of investing. Retail investors - the ones that are left at least) have been ultra-aware of the market since the 2008 crash. A little too aware. They are dissecting every move and trading off of fear and greed. I feel AAPL has attracted a lot of new retail investors over the past few years, which has added volatility to an already volatile stock. Now we have two major runups followed by major selloffs in one year, and people are panicking after every move. That's why we jumped from 505 to 560 in a day and a half of trading. That should have never happened, and now we're paying for it by these massive and quick healthy retraces.
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Post by terps530 on Dec 5, 2012 6:33:27 GMT -8
EDIT: Remember when we came up from 522 after APR'12 earnings? We shot to 581.50, then retraced to 548.50 in two days? Well, this is Day 2 of our retrace. this makes me feel better. gonna try to work and not look this morning much, and hope we get the turnaround this afternoon.
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Post by po1nt on Dec 5, 2012 6:34:18 GMT -8
EDIT: What would tend to be the case is that people have had a sleepless night over their positions and are either getting out ASAP, or are getting greedy and don't want to miss a move. That's what I'm thinking, too. Fear for bulls and greed for bears? My WAG: On the bull side, we have fear -- folks who survived 505 but can't stomach the thought of reliving it. On the bear side, we have greed -- folks who either banked coin to 505 and want to relive their glory days of being right, and/or those who missed the last southbound train (or got off too soon) and don't want to miss the next one. My trading buddy Joe said he felt like the kid whose big sister put him on the roller coaster and now he's trapped and just wants to get off. (I told him to close his eyes.) EDIT: Remember when we came up from 522 after APR'12 earnings? We shot to 581.50, then retraced to 548.50 in two days? Well, this is Day 2 of our retrace. Exactly what i was just looking at. Chart looks very similar. Hopefully we bounce hard from the 20-Day/38.2% retrace area (560-563)
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Post by Rupert on Dec 5, 2012 6:34:48 GMT -8
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Post by phoebear611 on Dec 5, 2012 6:35:37 GMT -8
Melissa Lee once again reiterating Steve Milonuvich's note out yesterday. WTF would she talk about if she didn't constantly regurgitate all that is negative on AAPL. Can't even look at her face and wish she would fix that fugly space on her bottom teeth. She is in show business - looks matter and she can't even get that straight...ugh!
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Post by appledoc on Dec 5, 2012 6:40:59 GMT -8
Nick Nansen says..... My Thoughts from China on What Apple Needs to DoPosted on December 4, 2012 nanseninvestments.com/Interesting on the bigger screen discussion. Remember how there was a rumor that the 5S was already in production and was slated for a spring (?) release? Maybe this is it?
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