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Post by phoebear611 on Dec 27, 2012 3:25:20 GMT -8
It's really disheartening to wake up day after day and see the stock in the red. Three more trading days in 2012 - at which point tax-selling is eliminated as one of the many (hopefully, main) causes for the gloomy stock price.
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Post by artman1033 on Dec 27, 2012 4:03:11 GMT -8
Notice is hereby given that the 2013 annual meeting of shareholders (the “Annual Meeting”) of Apple Inc., a California corporation (the “Company”), will be held on Wednesday, February 27, 2013 at 9:00 a.m. Pacific Standard Time, in Building 4 of the Company’s principal executive offices located at the address shown above for the following purposes, as more fully described in the accompanying proxy statement (the “Proxy Statement”): HERE
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Post by fas550 on Dec 27, 2012 4:22:45 GMT -8
It's really disheartening to wake up day after day and see the stock in the red. Three more trading days in 2012 - at which point tax-selling is eliminated as one of the many (hopefully, main) causes for the gloomy stock price. Yes I normally don't wish life away but yesterday I was thinking I can't wait till next week. In context when we were 700 back in Sep no one could have predicted this level of correction and if they claim they did it was a WAG. Myself I was expecting 620-640. One of my favorite posts from last year (and I forget who it was) was when someone commented the current price is a perfect setup for a great rebound, one of the replies was, "I'd rather not be set up more perfectly". I have thought this more than once in the past 3 mos. IMHO one or two triggers will start this rebound: end of the year tax selling is over or the FC crisis comes to some level of closure that reduces the fear dramatically. My big concern right now is the FC situation gets worse and the market corrects by multiple hundred points. However a multiple hundred point off the DOW and NAS before the end of the year would show a yearly gain in very low single digits and I think that maybe some larger funds are holding back selling on FC concerns to show a more positive overall 2012 balance sheet whereas had it not been for the very end of the year normally they would sell. If that is the case and their is little to no progress on the FC we could be in for a major correction in the first week of Jan. My theory on the markets is just that, a theory or WAG but I believe it has merit because the market's reaction to negative news such as the FC and holiday sales figures is really understated IMHO.
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Post by phoebear611 on Dec 27, 2012 5:27:55 GMT -8
Well on a "glass half full note" we can have tax selling subside AND "some" fiscal cliff resolution at the same time - perhaps within 3 trading days...would be a nice perfect storm for the shorts, no?
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Post by fas550 on Dec 27, 2012 5:47:40 GMT -8
Well on a "glass half full note" we can have tax selling subside AND "some" fiscal cliff resolution at the same time - perhaps within 3 trading days...would be a nice perfect storm for the shorts, no? I really, really hope so. Not going going political, I repeat not going political because it is directly related to the subject but politicians always take the past of least resistance regardless of the consequences: The path they have been on is quickly becoming a path of great resistance. So yes I believe there is a very good possibility of that glass you speak of becoming full. Shorts are probably pretty nervous right now.
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Post by prazan on Dec 27, 2012 5:50:21 GMT -8
What red? Good unemployment numbers this morning, with jobless claims below consensus. Sometimes it's better to wake a little later in the morning.
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Post by moltenfire on Dec 27, 2012 5:50:37 GMT -8
Please change the title to the correct date. Maybe it's eggnog hangover, but it's only the 27th of Dec, right?
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Post by rickag on Dec 27, 2012 5:55:15 GMT -8
Please change the title to the correct date. Maybe it's eggnog hangover, but it's only the 27th of Dec, right? Maybe a peek into the future so we may make small fortunes.
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Post by moltenfire on Dec 27, 2012 6:01:56 GMT -8
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Post by Rupert on Dec 27, 2012 6:08:29 GMT -8
Resistance/Support Thursday 12/27/2012
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Post by artman1033 on Dec 27, 2012 6:25:29 GMT -8
The QQQ (NASDAQ - 100) has been rebalanced as of 12/24/12 ON 12/5/12 there were 9,717,965 shares of AAPL in the QQQ or 17% ON 12/26/12 there were 9,513,944 shares of AAPL in the QQQ or 15.85% 10 companies have been added/subtracted from the QQQ
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Post by rickag on Dec 27, 2012 6:37:10 GMT -8
Well I guess we don't have any gap for today to worry about. That was fast.
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Post by phoebear611 on Dec 27, 2012 6:40:57 GMT -8
Please change the title to the correct date. Maybe it's eggnog hangover, but it's only the 27th of Dec, right? Maybe a peek into the future so we may make small fortunes. Oops! Sorry - corrected
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Post by artman1033 on Dec 27, 2012 6:57:27 GMT -8
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Post by chasmac on Dec 27, 2012 7:15:39 GMT -8
There will be no resolution to the FC this year. Some people would rather wait until 2013. (let rates go up and then they can give "tax cuts"). If they cut a deal this year, they will have to raise tax rates to do it, ain't gonna happen IMO. Semantics at its worst and no wiggle room when you make pledges and fear being primaried in 2014.
Btw, all this FC talk led to horrible Consumer Confidence numbers. Brilliant. Who's wagging the dog?
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Post by fas550 on Dec 27, 2012 7:18:56 GMT -8
Haven't come across many Dell Fanboys and while I hate the word Fanboy there is little else to describe the person writing the article. The article has errors (or lies) on the Cloud computing claims. The Product paragraph is laughable to the point he seems in another dimension than the rest of reality. I have some in depth knowledge on the insides of Dell and apart from the cultural changes they need to make they have internal systemic changes needed also. If they manage to get that done then they have to deal with the competitive landscape in their core business that is driven by a couple of technology shifts their customers are moving towards. Apple is actually probably third or lower on a list of completive threats. Basically Dell is a company on the wrong side of history from multiple aspects. The only positive thing to say about Dell is its not as bad as HP.
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Post by terps530 on Dec 27, 2012 7:24:59 GMT -8
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Post by Tetrachloride on Dec 27, 2012 7:39:43 GMT -8
It appears that are 2 market forces aside from general economy: iOS vs Fiscal cliff. So, its hard to imagine that today's thread is anything except same old s....
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Post by PikesPique on Dec 27, 2012 7:45:30 GMT -8
Haven't come across many Dell Fanboys and while I hate the word Fanboy there is little else to describe the person writing the article. The article has errors (or lies) on the Cloud computing claims. The Product paragraph is laughable to the point he seems in another dimension than the rest of reality. I have some in depth knowledge on the insides of Dell and apart from the cultural changes they need to make they have internal systemic changes needed also. If they manage to get that done then they have to deal with the competitive landscape in their core business that is driven by a couple of technology shifts their customers are moving towards. Apple is actually probably third or lower on a list of completive threats. Basically Dell is a company on the wrong side of history from multiple aspects. The only positive thing to say about Dell is its not as bad as HP. They should just close down the company and give the money back to the shareholders! :-)
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Post by appledoc on Dec 27, 2012 7:46:59 GMT -8
Fiscal cliff! Ugh.
Even if the bullish EW scenario is playing out, it looks like we will test 500. Come see me in the EW thread.
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Post by fas550 on Dec 27, 2012 7:55:03 GMT -8
Haven't come across many Dell Fanboys and while I hate the word Fanboy there is little else to describe the person writing the article. The article has errors (or lies) on the Cloud computing claims. The Product paragraph is laughable to the point he seems in another dimension than the rest of reality. I have some in depth knowledge on the insides of Dell and apart from the cultural changes they need to make they have internal systemic changes needed also. If they manage to get that done then they have to deal with the competitive landscape in their core business that is driven by a couple of technology shifts their customers are moving towards. Apple is actually probably third or lower on a list of completive threats. Basically Dell is a company on the wrong side of history from multiple aspects. The only positive thing to say about Dell is its not as bad as HP. They should just close down the company and give the money back to the shareholders! :-) Michael Dell will ride it into the ground before that happens.
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Post by fas550 on Dec 27, 2012 7:56:09 GMT -8
Wow could not have said it with more passion myself.
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Post by appledoc on Dec 27, 2012 7:59:35 GMT -8
Can you not put in stops on spreads on optionsXpress?
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Post by lance on Dec 27, 2012 7:59:58 GMT -8
It should be an interesting shareholder meeting this year in February for Apple. I have never been, but my assumption is if this crap continues I can bet it will be the biggest turnout in its history.
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Post by appledoc on Dec 27, 2012 8:11:09 GMT -8
Sold my protective 510/505 weekly put spreads @ 1.60. Bought at 1.23 at the close Monday. More money available to get bullish when the time is right.
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Post by terps530 on Dec 27, 2012 8:19:00 GMT -8
the sideways action (which was mentioned by many) has dominated any and every head fake. Even in these low volume weeks, options premium has been bleeding.
I bought spreads for April, and July, 10 days ago on December 17th, when AAPL was 512.XX Since then, at almost the same stock price, the premium for the april spreads have dropped 45% (while 8% of time has been lost) and the July premium has dropped 30% (while 5% of time has been lost).
That seems like a pretty big drop to me. I guess a lot of hope was baked into the prices last monday, vs today.
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Post by appledoc on Dec 27, 2012 8:26:18 GMT -8
the sideways action (which was mentioned by many) has dominated any and every head fake. Even in these low volume weeks, options premium has been bleeding. I bought spreads for April, and July, 10 days ago on December 17th, when AAPL was 512.XX Since then, at almost the same stock price, the premium for the april spreads have dropped 45% (while 8% of time has been lost) and the July premium has dropped 30% (while 5% of time has been lost). That seems like a pretty big drop to me. I guess a lot of hope was baked into the prices last monday, vs today. All my spreads have been annihilated. I just laugh and then get excited at the possibilities when we finally turn it around. I put less than 10% of my portfolio into them. I'm hurting, but not that badly.
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Post by terps530 on Dec 27, 2012 8:34:51 GMT -8
It's good that they are spreads. Otherwise this decay would be rough.
Yea my annihilation was last month and I really did lose almost it all. But I'm starting small again and not to worried about the farther out spreads. Just looks crappy on paper now.
If anyone is looking at that 650-700 level in 6 months, the potential gains are enormous... (10 baggers)
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Post by Deleted on Dec 27, 2012 9:14:51 GMT -8
Semantics at its worst and no wiggle room when you make pledges and fear being primaried in 2014. And therein is the true problem in our government. Our political leaders are more concerned with their political futures, than they are with the future of our country. This is how it has become so easy to "kick the can" down the street, as opposed to making the hard decisions that need to be made. Our "leaders" (what a joke that statement is) are focused on negotiations/compromise to the extent that any decision made will be the one that has the least negative impact on their re-election prospects. They spend more time campaigning for Office, than they do carrying out the duties of their office. The pay is dismal, so its all about ego, and being addressed as Congressman or Senator for the rest of their life. I see no way out of this mess as long as an electorate (dumbest people on the planet) is involved in the process.
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Post by phoebear611 on Dec 27, 2012 9:24:45 GMT -8
Semantics at its worst and no wiggle room when you make pledges and fear being primaried in 2014. And therein is the true problem in our government. Our political leaders are more concerned with their political futures, than they are with the future of our country. This is how it has become so easy to "kick the can" down the street, as opposed to making the hard decisions that need to be made. Our "leaders" (what a joke that statement is) are focused on negotiations/compromise to the extent that any decision made will be the one that has the least negative impact on their re-election prospects. They spend more time campaigning for Office, than they do carrying out the duties of their office. The pay is dismal, so its all about ego, and being addressed as Congressman or Senator for the rest of their life. I see no way out of this mess as long as an electorate (dumbest people on the planet) is involved in the process. AMEN!
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