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Post by flyonthewall on Dec 19, 2012 0:57:53 GMT -8
The Frankfurt Exchange now has AAPL at 536 US. Jumped in premarket from 534 US and opened at 537 US. Now oscillating in the range from 536 to 537 US.
Gives me the impression of a spring tightening. We shall see.
Power to the longs!
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Post by lovemyipad on Dec 19, 2012 4:13:57 GMT -8
If we break above 555, I'm looking into changing a position. I have 18 Jan '14 $600 calls. I was thinking of selling 12 of these and get 700/750 spreads? Any thoughts? Much appreciated. Like it.
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Post by phoebear611 on Dec 19, 2012 4:44:24 GMT -8
Leon Cooperman (Omega) on CNBC this morning. Said he had sold his AAPL position at higher levels and as of yesterday established a new position. Said he still considers it a hardware company but his biggest frustration is their cash hoard and how they do nothing with it. A lot of traditional money managers are frustrated by what they view to be an inaction by the company to somehow give more of that cash to their investors. Oh by the way - if I understood him correctly - he is continuing to establish his position by selling puts and creating a position below $500/share.
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Post by bribery on Dec 19, 2012 5:04:19 GMT -8
If we break above 555, I'm looking into changing a position. I have 18 Jan '14 $600 calls. I was thinking of selling 12 of these and get 700/750 spreads? Any thoughts? Much appreciated. Like it. Thanks Lovey. EDIT: Wow, what's up with this PM
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Post by rmhe1999 on Dec 19, 2012 5:19:13 GMT -8
Hmmm. What's going on here in PM? Futures green but we're down close to a percent? Was hoping to see some continued follow through this AM.
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Post by lovemyipad on Dec 19, 2012 5:31:38 GMT -8
IMHO, a gap down that is reversed with a green close = more sustainably bullish than gap (up) and go.
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Post by rmhe1999 on Dec 19, 2012 5:45:40 GMT -8
Lovey: Thanks for chiming in. I respect your opinions more than words can describe. My total contribution to this board is the following: Apple = awesome. Red days = bad. Green days = good.
Long AAPL!
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Post by Rupert on Dec 19, 2012 6:15:08 GMT -8
Resistance/Support Wednesday 12/19/2012
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Post by chasmac on Dec 19, 2012 6:16:38 GMT -8
Leon Cooperman (Omega) on CNBC this morning. Said he had sold his AAPL position at higher levels and as of yesterday established a new position. Said he still considers it a hardware company but his biggest frustration is their cash hoard and how they do nothing with it. A lot of traditional money managers are frustrated by what they view to be an inaction by the company to somehow give more of that cash to their investors. Oh by the way - if I understood him correctly - he is continuing to establish his position by selling puts and creating a position below $500/share. So he'd be happier if they had no cash and oodles of debt<\snark>
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Post by Tetrachloride on Dec 19, 2012 6:34:00 GMT -8
Leon Cooperman (Omega) on CNBC this morning. Said he had sold his AAPL position at higher levels and as of yesterday established a new position. Said he still considers it a hardware company but his biggest frustration is their cash hoard and how they do nothing with it. This is changing somewhat. The Capital Intensity thread has $ 4 billion on the move. Plus the speculation on Apple television / content is getting wilder month by month. aaplfinance.proboards.com/index.cgi?action=display&board=news&thread=215&page=1#18516
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Post by bribery on Dec 19, 2012 6:38:37 GMT -8
Incredibly low volume at opening. Less than 1/4 M
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Post by artman1033 on Dec 19, 2012 6:54:45 GMT -8
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Post by rob_london on Dec 19, 2012 7:12:08 GMT -8
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Post by mbeauch on Dec 19, 2012 7:20:28 GMT -8
Well, I guess TCAT was a little to optimistic yesterday. Stuck in Hell.
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Post by appledoc on Dec 19, 2012 7:30:08 GMT -8
Well, I guess TCAT was a little to optimistic yesterday. Stuck in Hell. This is healthy action so far IMO. Retraced a bit over 23.6% of the move from 501.23 to 534.90. It needs to hold around here. Otherwise we start looking for support at 522.
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Post by mbeauch on Dec 19, 2012 7:36:18 GMT -8
Well, I guess TCAT was a little to optimistic yesterday. Stuck in Hell. This is healthy action so far IMO. Retraced a bit over 23.6% of the move from 501.23 to 534.90. It needs to hold around here. Otherwise we start looking for support at 522. Meh, was not the first leg I was hoping for before a retrace. With the Oracle news yesterday I would have thought there would have been a rotation to tech today. The rising tide, per say.
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Post by Tetrachloride on Dec 19, 2012 7:48:42 GMT -8
Sell the news before the rising tide and especially at quadruple witching. Meanwhile, Research In Motion will report earnings
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Post by appledoc on Dec 19, 2012 8:00:41 GMT -8
I'm cautiously optimistic that we have bottomed at 501.23. I'm going to try to detail more in the EW thread. But I think, maybe, we've begun the true move up. Would love to see us take out 534.90 here.
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Post by terps530 on Dec 19, 2012 8:14:45 GMT -8
I'm cautiously optimistic that we have bottomed at 501.23. I'm going to try to detail more in the EW thread. But I think, maybe, we've begun the true move up. Would love to see us take out 534.90 here. volume is light for the day, but im feelin good about that take out based on how we've come back up here
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Post by appledoc on Dec 19, 2012 8:38:51 GMT -8
Getting close to positive.
Also getting close to positive on the daily MACD-h.
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Post by artman1033 on Dec 19, 2012 8:46:10 GMT -8
Getting close to positive. Also getting close to positive on the daily MACD-h. FIDDLESTICKS! I SAYIMHO: the EOs and MMs want to start a long weekend. They don't want anymore drama. 555 is not going to happen this week. The fiscal cliff will continue. Uncertainty will prevail. Will my President go to Hawaii? Stay tuned.
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Post by fas550 on Dec 19, 2012 9:13:32 GMT -8
Interesting article. Seems some company registered the iPhone brand in Brazil in 2000 I havent been able to find an external link but below I quote the main points in the article. Made me laugh but at least they have a phone. See it in the link at the bottom. "The Brazilian company says that it saw there would be a "technological revolution in the world of cell phones" back in 2000, when it filed to register the IPHONE brand with Brazil's National Institute of Industrial Property, or INPI. The brand was registered on Jan. 2, 2008, and Gradiente says it has exclusive use until 2018. The Brazilian company launched the sale of the first of what it says will be a line of IPHONEs on Tuesday, retailing at 599 Brazilian reais ($288). According to the Valor Economico newspaper, Apple made its request in 2006, and that will likely be rejected sometime next year." www.gradiente.com.br/categoria/1/3/0/MaisVendidos/Decrescente/20/1//500.01/1000.00/.aspx
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Post by Tetrachloride on Dec 19, 2012 9:19:25 GMT -8
Winter storm warning in Wisconsin. Powder it won't be. MB, you don't know what you're missing. Channel 3 in Madison quoting the National Weather Service Images for those of you in warmer climes, courtesy of Bing.com
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Mav
Member
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Posts: 10,784
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Post by Mav on Dec 19, 2012 10:10:17 GMT -8
This isn't bad price action considering the market environment and AAPL 33-point move off the low. We still have zero idea what will happen with cap gains after all!
Fiscal cliff/slope will weigh until some measure gets signed by the President (and even then everyone's playing kick the can again). I'm thinking...not this week, at the very least. Markets won't exactly go skyward in that context though they are hanging in there.
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Post by artman1033 on Dec 19, 2012 10:31:34 GMT -8
UBIQUTOUS
A baseball pitcher describing today in a radio interview what he thinks is the proper workout procedure before a game:
"You don't just sit around your locker and play with your iPad...."
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Post by po1nt on Dec 19, 2012 10:55:31 GMT -8
IHS anyone?
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Mav
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Post by Mav on Dec 19, 2012 10:59:53 GMT -8
Power over 530 needed...
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Post by bribery on Dec 19, 2012 11:00:45 GMT -8
Needing more Citi downgrades
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Mav
Member
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Post by Mav on Dec 19, 2012 11:01:07 GMT -8
Hah!
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Post by lovemyipad on Dec 19, 2012 11:11:53 GMT -8
Boehner press conference on Fiscal Cliff at 2:15 PM.
Watch out for whipsaws!!
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