Since84
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To infinity and beyond!
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Post by Since84 on Dec 21, 2018 3:28:10 GMT -8
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Since84
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To infinity and beyond!
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Post by Since84 on Dec 21, 2018 5:52:07 GMT -8
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Ted
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Post by Ted on Dec 21, 2018 6:36:56 GMT -8
Encouraging Siri news despite the super-slump. appleinsider.com/articles/18/12/20/siri-improves-in-latest-smart-speaker-showdown“In terms of accuracy, Siri has improved 22 percentage points over the last nine months, where Google Assistant, Amazon Alexa, and Microsoft Cortana only improved between 7 and 9 points over the past year. As much flack as Apple's assistant has taken from critics of the service, these figures are quite telling.
The results shouldn't be entirely surprising given the relative investments each tech firm puts into their respective AI system, and it is encouraging to see Siri improve so drastically since the last time the test was run. When Loup Venture last conducted the evaluation in February, Siri came in dead last.”
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Since84
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Post by Since84 on Dec 21, 2018 6:52:45 GMT -8
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Since84
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Post by Since84 on Dec 21, 2018 8:26:31 GMT -8
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Post by sponge on Dec 21, 2018 8:27:34 GMT -8
It looks like it wants to make a bottom. Usually we stay there for 4 weeks before we move up.
OI for 145 calls and puts keeps going up for Jan. So if we do get a flash crash to 144 then we could see 145-150 a month later.
This damage will take a long time to recover from. The target I now look for is touching the 200MA. It is hard to say at this point when that will take place, since it will start moving down.
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Post by incorrigible on Dec 21, 2018 9:40:33 GMT -8
I personally hope all the indexes drop enough to get to the 20%+ "bear market" number. Perhaps then all the pundits can say the bull market ended and can get on with investing in quality, growing companies again (at bargain prices no less).
Merry Christmas all and enjoy some time away from the hell that is the current stock market.
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Post by gtrplyr on Dec 21, 2018 9:51:46 GMT -8
Sanity has left the building .... I keep looking at fundamentals and can't understand this at all but this has NOTHING to do with fundamentals it's plain and simply fear .... too many things and people to point fingers at but I do believe this is all a self fulfilling prophecy ....
Personally I don't want to see it drop any further and really hope Apple puts something out stating the buyback program is accelerating and expanding. I do think there is some very long term damage being done here not to mention all the talent at Apple that really look at stock options as part of their salary ... silicon valley is highly competitive and the best and brightest don't stick around for companies whose stocks get murdered like this ... the PE ratio is a joke.
This stock is in crisis now ... Tim needs to say something. IMHO ....
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Since84
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Post by Since84 on Dec 21, 2018 10:14:52 GMT -8
Sanity doesn't exist in a stampede.
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Since84
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Post by Since84 on Dec 21, 2018 10:17:56 GMT -8
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Post by gtrplyr on Dec 21, 2018 12:19:04 GMT -8
is there any resistance number at this point that would be relevant ? I think we've crossed every major metric .....
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Since84
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Post by Since84 on Dec 21, 2018 12:25:13 GMT -8
That $144 number doesn't look far away...
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Post by gtrplyr on Dec 21, 2018 12:31:07 GMT -8
I think we're going to get killed here at the close .... with so many unknowns at this point does anyone want to hold over the weekend?
Sheesh ...... this was a great economy until we decided it wasn't ....
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Post by sponge on Dec 21, 2018 12:35:26 GMT -8
We hit my 150 target. The problem is that we were not bouncing off of it hard. It needs to reverse in one day.
We are ending the day at the lows. Next week will have less volume which leaves room fro more selling like we did during Thanksgiving week.
So we hope to hit that 144 number and get it over with. I am looking for a bounce over 165 two weeks later.
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Post by sponge on Dec 21, 2018 13:25:57 GMT -8
If 144 does not hold next week, I think we could see 135. That would put us back to the highs of 2015.
I have been watching the 140 puts for January and was surprised to see so much OI a month ago. Now it makes perfect sense.
The volume today indicates that there was major selling. Another 100 million red day and we should have the bottom in the books.
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Post by david on Dec 21, 2018 18:27:07 GMT -8
Anybody BTFD? 😎
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Post by gtrplyr on Dec 21, 2018 19:28:16 GMT -8
It would appear very few people BTFD I'm sure this will pass and AAPL will eventually reach a better ATH but we will definitely be delayed ...... If I had dry powder I'd probably be much happier about the situation. I don't know how this isn't a screaming buy at these levels with roughly 35% of the market cap in CASH .... when this turns around I'm sure Buffett will have many more shares, he's all but said he'd buy the company if he could ... looks like he is getting his chance.
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Post by longsince98 on Dec 21, 2018 19:39:34 GMT -8
you mean the one at $184? 🤦🏻♂️
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Post by chasmac on Dec 21, 2018 21:07:27 GMT -8
I’m DCA on the way down here, with slightly bigger chunks the further we go. Don’t think we’re close to the bottom. Crazy shit going on in DC and it’s going to get worse IMO. If you’re a CEO, how confident are your long term plans when the rules/policies could change tomorrow? This might take 2 years to blow over.
Edit: Not trying to be political, just pointing out that in times like this valuations can be very unfair for long periods of time.
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Post by david on Dec 21, 2018 22:33:40 GMT -8
you mean the one at $184? 🤦🏻♂️ Exactly. Also the ones at 196, 174, 166. 😕. DCA. 🤓
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Since84
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Post by Since84 on Dec 22, 2018 6:05:05 GMT -8
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Post by sponge on Dec 22, 2018 9:31:50 GMT -8
Many are hoping that apple will buy more stock during this major correction. I think they will but it will be by a few billion not more. Given the extent of the correction, they will have all year to buy back. So no need to buy more in a two month period. I have noticed that they stick to their plan regardless of stock price.
This iPad Pro is just awesome by the way. I am very pleased with the speed and overall feel. The Face ID is very fast.
In looking at charts and option activity, it appears that we will have a nice bounce after earnings, but it will be short lived since the recovery would have started in Jan. Now it appears that 187 will be tops by middle of Feb.
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bud777
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Post by bud777 on Dec 22, 2018 10:17:41 GMT -8
For what it's worth, here is a little perspective. In 2008, Apple dropped from 28 to 13. ( I have adjusted all these numbers for the splits) That was a 53% drop. In 2013 we saw a decline over several months from 100 to 63 or about 37%. In 2015, over about 6-8 months we saw a 26% decline. This drop from 233 to 150 is about 35% so far, but has happened much faster and of course, may not be over.
There is nothing, not FUD, not fundamentals, not technical that I can find to explain this. I believe it is fear and fear alone which means I should be buying with both hands. The world is not going to stop using cell phones and Apple is not going to suddenly stop making them. Given the incredible cash reserves, I think Apple can respond to whatever is coming. I am currently working on a zombie tracking app, just in case.
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