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Post by ibuyer on Dec 31, 2012 9:30:03 GMT -8
Well if this just does not just pour cold water over today. video.cnbc.com/gallery/?play=1&video=3000137616Target for her is 431. Geeeeez. Her comments about going into a store and none of the associates wanting to sell the customers an iphone is startling. Apple has never paid sales people to sell the iphone like SS and the rest do. Apple needs to throw them a bone. This video just got me in a bad mood on a green day. Yech. pure chartist
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Post by mbeauch on Dec 31, 2012 9:32:55 GMT -8
Mav, I would not feel very good about closing at 520 today. That would be very weak after the run to 527. JMO
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Post by wheeles on Dec 31, 2012 9:34:40 GMT -8
She even said 353.
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Post by prazan on Dec 31, 2012 9:40:57 GMT -8
Any fiscal cliff prediction people?? No deal today. But both sides talking about how hard they are working and blaming the other side for nothing getting done when in all honesty, both sides probably want the cuts to happen. Obama can't cave on the cuts and the GOP has to stand strong on taxes. People need to realize that this really is a fight over a small amount of money. The only way we go back into a recession is if oil goes back up significantly. Housing has bottomed and is showing life and if the media would STFU, the market could take off. This in itself would create billions of dollars of tax revenue. AAPL is outperforming the market by a wide margin. This must hold. This post rocks.
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Mav
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Post by Mav on Dec 31, 2012 9:44:30 GMT -8
The setup is obviously nicer since AAPL topped out at 527 today. But this is no classic reversal day either (normal trading volume).
If AAPL can do something like an intraday bull flag or better I may test longs near end of day. Call it 523 or better. So far so good.
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Post by mbeauch on Dec 31, 2012 9:49:13 GMT -8
MB, what do you want? Asking AAPL to break levels more than 20 points away or whatever in one day is a tall order. Would be for any stock trading at 500ish. The setup is obviously nicer since AAPL topped out at 527 today. But this is no classic reversal day either (normal trading volume). If AAPL can do something like an intraday bull flag or better I may test longs near end of day. 525+ I was just commenting about 520 exactly not the 520's. Not much volume today, but there is a nugget in the chart, lets see if it is still there at 4:00 BTW, thanks Prazan, I try to keep things real.
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Post by joel90069 on Dec 31, 2012 9:49:33 GMT -8
Well if this just does not just pour cold water over today. video.cnbc.com/gallery/?play=1&video=3000137616Target for her is 431. Geeeeez. Her comments about going into a store and none of the associates wanting to sell the customers an iphone is startling. Apple has never paid sales people to sell the iphone like SS and the rest do. Apple needs to throw them a bone. This video just got me in a bad mood on a green day. Yech. Don't give them any credibility. CNBC has become the National Enquirer of business journalism. They will scrounge up anyone to say anything in order to get viewers and website clicks. The only good that's come out of the last couple of months, for me, is realizing how much more professional Bloomberg is and how easy it is to turn off CNBC. Don't let them rattle you, Mark.
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Post by lance on Dec 31, 2012 9:49:50 GMT -8
353 is a joke. People that have to wait that long to start purchasing AAPL will never puchase the stock. It is like that analyst I think its Ed Zabitsky sell with a 270 dollar price target. What I waste of time. He missed 400+ dollars of upside. Be realistic. It is easy to say these numbers "it will fall to such and such a number", but for it to happen is a different thing. The stock has shown it is range bound between an 11 - 16 P/E pretty consistently. So it is basically 500-700 stock till we see either earnings decline or growth. A good January earnings report is needed to end all these silly bear scenarios.
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Mav
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Post by Mav on Dec 31, 2012 10:03:11 GMT -8
Correction: Earnings decline or growth outside of expectations.
"Decline" is happening on a % basis year on year. Not because of any law, it just happens when a company gets this big. It's getting a sense of where Apple will end up that will help guide the stock. The market doesn't believe Apple can settle into a comfortable mature stage the way IBM has (currently trading at around 13.7 multiple).
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Post by appledoc on Dec 31, 2012 10:03:37 GMT -8
The setup is obviously nicer since AAPL topped out at 527 today. But this is no classic reversal day either (normal trading volume). If AAPL can do something like an intraday bull flag or better I may test longs near end of day. Call it 523 or better. So far so good. I still think the bottom is going to be a stealth bottom. If 501.23 was it, it sure was stealthy. Everyone on the buy side is too hesitant, especially after two classic capitulation moments. This isn't an oversold bounce either (RSI was above 30). So that's just another positive in my book.
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Mav
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Post by Mav on Dec 31, 2012 10:15:35 GMT -8
I still think the bottom is going to be a stealth bottom. If 501.23 was it, it sure was stealthy. Everyone on the buy side is too hesitant, especially after two classic capitulation moments. This isn't an oversold bounce either (RSI was above 30). So that's just another positive in my book. Agreed on potentially not revisiting 500ish this wave. I'm not waiting for another capitulation event at this point. Just an ignition or even a little floating over 530ish. I'm in tinfoil rangebound hypothesis mode just for now. Don't think I'll need to be much longer. One thing I'm not a fan of is the elevated IV levels. For me, I gotta stick to BCSes and be right as early as possible for best results, since options are getting so expensive.
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Post by rob_london on Dec 31, 2012 10:17:03 GMT -8
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Post by mbeauch on Dec 31, 2012 10:18:17 GMT -8
I turn my head and the DOW shoots up 70 points. that was nice. Obama speaking at 1:30
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Post by mbeauch on Dec 31, 2012 10:25:54 GMT -8
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Post by Deleted on Dec 31, 2012 10:37:40 GMT -8
No deal today. But both sides talking about how hard they are working and blaming the other side for nothing getting done when in all honesty, both sides probably want the cuts to happen. Obama can't cave on the cuts and the GOP has to stand strong on taxes. People need to realize that this really is a fight over a small amount of money. The only way we go back into a recession is if oil goes back up significantly. Housing has bottomed and is showing life and if the media would STFU, the market could take off. This in itself would create billions of dollars of tax revenue. AAPL is outperforming the market by a wide margin. This must hold. This post rocks. The Dakota and Canadian natural gas fields have cut coal usage for electric power generation by 30+% (National Geographic) in the US, and the number of coal to gas conversions is accelerating. China is coming online and will beba major natural gas player (if not the biggest). The cost of hybrid cars is coming down fast, while battery range is increasing. The number of vehicle charging stations in the US EXCEEDS 10,000, and is growing 100 per week. [there's an iPhone App showing their locations]. The base Tesla Model S gets over 100 miles and is a pure electric car (MSRP about $55,000). By 2015 OPEC will have lost its pricing power, as the demand for oil will be greatly diminished by natural gas electric generation, and battery powered vehicles. By 2020 gasoline powered personal vehicles will be taxed out of existence.
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Post by terps530 on Dec 31, 2012 10:42:11 GMT -8
pretty decent volume comign in almost at 15m so far for pre-new years
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Post by Deleted on Dec 31, 2012 10:44:36 GMT -8
Thirteen trading days to January expiry. AAPL is up almost $19 (intraday high) today. $11 per day until expiry and my $655/$675 Call Spreads have a chance to hit the big one. My break even is $657.
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Post by qualitywte on Dec 31, 2012 10:53:37 GMT -8
pretty decent volume comign in almost at 15m so far for pre-new years I think the rise today is very promising because its happening with the FC crap right in front of us. It seem to indicate buyers are there now and they ain't gonna turn tail and run even in the face of a market drop.
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Post by mbeauch on Dec 31, 2012 11:00:43 GMT -8
that was a nice headfake by Obama there. Seems overall a good sign since there was only some slight bashing of Repubs/Congress, instead of the usual hatred of each other. The DOW went to +98 to +20. Geeez.
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Post by phoebear611 on Dec 31, 2012 11:00:46 GMT -8
Well if this just does not just pour cold water over today. video.cnbc.com/gallery/?play=1&video=3000137616Target for her is 431. Geeeeez. Her comments about going into a store and none of the associates wanting to sell the customers an iphone is startling. Apple has never paid sales people to sell the iphone like SS and the rest do. Apple needs to throw them a bone. This video just got me in a bad mood on a green day. Yech. MB - They really should post a person's record when they do this...Abigail Doolittle has been wrong for the last 4 years on AAPL - every single time. She is like the weatherman/woman....and still keeps her job. I would pay ZERO attention to this video ... her timing and targets have been off time and time again. Go have yourself a festive New Year's Eve...this is bullshit.
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Mav
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Post by Mav on Dec 31, 2012 11:00:52 GMT -8
I'm looking at structural stuff. Seems to be the best way to get to the truth of any political initiatives regardless of party.
So far, looks like the whole world is batting close to 0.000 on structural reforms. Oh well.
If AAPL continues to show strength, I may nibble end of day.
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Mav
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Post by Mav on Dec 31, 2012 11:01:43 GMT -8
Doolittle? Peak Theories closed up shop this year. I wonder how Zabitsky's business is doing?
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Post by appledoc on Dec 31, 2012 11:14:45 GMT -8
My WAG...
Above 534.90 on Wednesday.
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Post by phoebear611 on Dec 31, 2012 11:19:08 GMT -8
My WAG... Above 534.90 on Wednesday. I like the cut of your jib, doc!
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Post by Red Shirted Ensign on Dec 31, 2012 11:32:21 GMT -8
My WAG... Above 534.90 on Wednesday. Why not 534 today? The deal being worked out by our infuriating congress is actually quite interesting in the details....now if they DO agree to tackle spending in short order (the repubs are insistent on this), we could see a real market rally!
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Mav
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Post by Mav on Dec 31, 2012 11:32:28 GMT -8
Strong so far! Over 530
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Post by appledoc on Dec 31, 2012 11:39:05 GMT -8
My WAG... Above 534.90 on Wednesday. Why not 534 today? The deal being worked out by our infuriating congress is actually quite interesting in the details....now if they DO agree to tackle spending in short order (the repubs are insistent on this), we could see a real market rally! Just trying to temper my excitement ;D
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Post by alice on Dec 31, 2012 11:54:05 GMT -8
I needed a good up day.
Wheeles, you were correct about the up. I am so glad you were right.
Mark, your 532 is here.
534.90 will be very nice.
What will it take to confirm a bottom? 555? 590s?
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Post by appledoc on Dec 31, 2012 11:56:22 GMT -8
I'm getting super giddy right now!!!
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Post by Red Shirted Ensign on Dec 31, 2012 11:58:20 GMT -8
I'm getting super giddy right now!!! It's that 534 thing we were talking about...
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