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Post by appledoc on Dec 31, 2012 11:59:41 GMT -8
I'll let iPad do her thing here
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Post by alice on Dec 31, 2012 12:04:23 GMT -8
From marketwatch.com: All fiscal-cliff tax issues agreed to: McConnell
They are voiting.
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Post by appledoc on Dec 31, 2012 12:04:55 GMT -8
Just doubled my Apr 690/715 BCS position.
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Post by mbeauch on Dec 31, 2012 12:06:36 GMT -8
I'm getting super giddy right now!!! It's that 534 thing we were talking about... Now we just need to close over 532. (20 day). That is a tall ask, but the market seems stronger than earlier. Of course, we would need a follow through on Wednesday. Nothing exact, but 555 would break the down trend line from 705/595. Toes crossed.
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Mav
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Post by Mav on Dec 31, 2012 12:11:04 GMT -8
I still think a close over 530 is fine (close enough to whatever low-530 levels from a psychological standpoint, plus AAPL has bounced off 530.00 before IIRC). Intraday retrace is OK up to a point.
Btw MB - I think we both agree the "intraday bar" is over 525 now. I'm optimistic AAPL can keep safely over that level.
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Post by lovemyipad on Dec 31, 2012 12:12:38 GMT -8
WHEEEEEEEEEEE!!!!!!!!!
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Post by appledoc on Dec 31, 2012 12:14:00 GMT -8
WHEEEEEEEEEEE!!!!!!!!! ;D The put spread hedges I bought last week can burn in hell!
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Post by mbeauch on Dec 31, 2012 12:22:50 GMT -8
WHEEEEEEEEEEE!!!!!!!!! One is not enough Lovey. We need multiple wheeeeeeegasims.
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Post by nathanstevens on Dec 31, 2012 12:27:10 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. Cajones and conviction! Have you been adding to that position during the last few weeks or just letting the original investment ride?
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Post by mbeauch on Dec 31, 2012 12:32:05 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. Cajones and conviction! Have you been adding to that position during the last few weeks or just letting the original investment ride? Well Gregg, I hate to break it to you, but that is not going to happen. Don't get me wrong, I wish you all the luck in the world as that would pump life back into my April positions. Anyone buying should be buying 2014, they are still cheap.
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Post by osx10 on Dec 31, 2012 12:33:42 GMT -8
Maybe we can get Nate Silver to call the close at above 531.74
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Post by mbeauch on Dec 31, 2012 12:38:23 GMT -8
Maybe we can get Nate Silver to call the close at above 531.74 If this is not a trap, the MACD sure looks good. 20 minutes to go AAPL. No late session BS.
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Post by kloot on Dec 31, 2012 12:38:58 GMT -8
Cajones and conviction! Have you been adding to that position during the last few weeks or just letting the original investment ride? Anyone buying should be buying 2014, they are still cheap. everything is cheap, AAPL is in the 530s!
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Mav
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Post by Mav on Dec 31, 2012 12:43:54 GMT -8
Maybe we can get Nate Silver to call the close at above 531.74 If this is not a trap, the MACD sure looks good. 20 minutes to go AAPL. No late session BS. The market isn't so stupid as to be "fooled" by fiscal slope hijinks. Hardly ideal conditions of course, but it's a bit like the Greek/Eurozone Screamfest/Chronic Boil/whatever. The market's caring less and less now. Desensitized, innoculated, whatever. Everyone knows the US economy won't go to heck in a handbasket overnight just because of aforementioned slope. I don't know _why_ AAPL decided to cross 530 _today_, but I do know that if AAPL keeps holding the upper levels, I'm definitely buying in a short while. Big change in composure today, even though it cynically amounts to a one-day Santa Rally, as far away from Xmas as you can get without stepping into the New Year.
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Post by osx10 on Dec 31, 2012 12:52:34 GMT -8
Because Technicals have been the driving force on this downward spiral, I am hoping we can stay above that 20DMA. Feel like George Bailey hoping to not run out of money at the bank before closing time...
BTW: Home Automation is the next item Apple will disrupt in 2013.
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Mav
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Post by Mav on Dec 31, 2012 13:00:01 GMT -8
AAPL fading just a touch at close, so I bought a bit less than I would've. Mar 13 BCS, to give myself a little time.
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Mav
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Post by Mav on Dec 31, 2012 13:00:25 GMT -8
Whoa. That was kind of a bounce from 530.x to close!
As of right now, the final trade looks to be right around 533. Very strong for the day!
Also potentially helpful for market composure/AAPL composure purposes - the no House vote on the fiscal slope on the last day of the year rumor/report (from around 3PM eastern time) was absorbed quite well.
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Post by wheeles on Dec 31, 2012 13:05:26 GMT -8
Think AAPL got a lot of help today from funds doing a spot of end of year window dressing. On any other day the Fiscal Farce would have trashed the market.
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Post by dreamRaj on Dec 31, 2012 13:05:49 GMT -8
Whoa. That was kind of a bounce from 530.x to close! Wow! I saw that too. Nice action for a change. After 4 margin calls all my buying power is gone. Will look into selling a 100 shares tomorrow to buy some leaps.
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Mav
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Post by Mav on Dec 31, 2012 13:07:18 GMT -8
Think AAPL got a lot of help today from funds doing a spot of end of year window dressing. On any other day the Fiscal Farce would have trashed the market. We'll see. 530ish was a level a bunch of traders have been looking at.
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Post by wheeles on Dec 31, 2012 13:07:56 GMT -8
Think AAPL got a lot of help today from funds doing a spot of end of year window dressing. On any other day the Fiscal Farce would have trashed the market. We'll see. 530ish was a level a bunch of traders have been looking at. Yes, we will.
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Post by mbeauch on Dec 31, 2012 13:10:55 GMT -8
Got a close above the 20 DMA. Nice. Didn't think it would happen in one day, but I will take it. Since I love the candles, my only regret is that we did not close close to the high.
Just heard that the dividends would not be taxed at the 40+% rate. Will be capped at 20% + 3.8% from Obamacare. So all the special dividends have just raped shareholders.
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Post by lovemyipad on Dec 31, 2012 13:16:09 GMT -8
Wheeeeeeee!!!!!! Wheeeeeeee!!!!!! WHEEEEEEEE!!!!!!
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Mav
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Post by Mav on Dec 31, 2012 13:20:36 GMT -8
The strongest of companies don't do the "hip" thing and throw out cash for "shareholders" (including themselves) in advance of uncertainty. I think Tim and Co. did the right thing by sticking to the original divvy plan.
Now that divvy taxes are going up somewhat, be interesting to see what Apple does going forward. Since Apple's dividend program is already "conservative", it could be that any "planned" dividend increases won't change at all.
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Post by mbeauch on Dec 31, 2012 13:24:05 GMT -8
Wheeeeeeee!!!!!! Wheeeeeeee!!!!!! WHEEEEEEEE!!!!!! There we go. I was kind of hoping for multiple days, not all in one day though. Lovey, look at the futures on your sites please. I looked at Bloomberg and that can't be right.
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Post by mbeauch on Dec 31, 2012 13:24:53 GMT -8
The strongest of companies don't do the "hip" thing and throw out cash for "shareholders" (including themselves) in advance of uncertainty. I think Tim and Co. did the right thing by sticking to the original divvy plan. Now that divvy taxes are going up somewhat, be interesting to see what Apple does going forward. Since Apple's dividend program is already "conservative", it could be that any "planned" dividend increases won't change at all. Buy the damn shares. Tim
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Mav
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Post by Mav on Dec 31, 2012 13:26:57 GMT -8
MB, I think Bloomberg's "futures" data either tracks the markets or becomes thoroughly un-useful (because of the market's influence) once the trading day begins. Same with investing.com/Forexpros'. Maybe wait a few hours, or better yet, wait until early morning Wednesday EST. Also: Share buyback and/or stock split.
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Post by mbeauch on Dec 31, 2012 13:30:52 GMT -8
MB, I think Bloomberg's "futures" data either tracks the markets or becomes thoroughly un-useful (because of the market's influence) once the trading day begins. Same with investing.com/Forexpros'. Maybe wait a few hours, or better yet, wait until early morning Wednesday EST. Also: Share buyback and/or stock split. Lovey has a site that she tracks the futures. I already look at to many sites and I have never been one to give much faith in the futures.
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Post by lance on Dec 31, 2012 13:33:40 GMT -8
I just saw this quote and thought it is how media has portrayed Apple over the past few months: "Apple up 31% this year, the most disappointing 31% gain of all-time."
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Post by Rupert on Dec 31, 2012 13:38:04 GMT -8
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