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Post by terps530 on Jan 2, 2013 6:29:32 GMT -8
wow 553 and 4% up going into the open! almost at that 555 big wall from the past weeks
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Mav
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Post by Mav on Jan 2, 2013 6:36:21 GMT -8
POW.
Happy New Year.
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Post by rob_london on Jan 2, 2013 6:37:22 GMT -8
555.0000 hit.
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Post by mbeauch on Jan 2, 2013 6:40:15 GMT -8
Raymond James lowered its price target on AAPL from 700 to 690, what a damn joke. Just want to see their name in print. Any firm who would lower by $10, which happens to be the yearly dividend, is just looking for attention.
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Post by mbeauch on Jan 2, 2013 6:41:19 GMT -8
That is the line I have been talking about. That is the bogey.
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Post by podboy on Jan 2, 2013 6:46:07 GMT -8
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Post by prazan on Jan 2, 2013 6:51:24 GMT -8
That is the line I have been talking about. That is the bogey. I'm seeing 554.62 as the hod as of 9:50 a.m. Lots of enthusiasm at the start, followed by the inevitable dip. Crunch time for the day coming up soon.
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Post by mbeauch on Jan 2, 2013 6:54:28 GMT -8
AAPL has blown out its short term charts, gonna take a while to work some of the TA down. The 1 min chart is OK, the 5 min is off the charts. Lovey, Lovey, Lovey, Look at the hourly, can it be the 50 is turning up? I may need some oxygen soon.
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Post by Red Shirted Ensign on Jan 2, 2013 6:55:37 GMT -8
Warp factor 8.....
Plenty of money re entering Apple Monday and today. And the inevitable revelations of "a surprise" good earnings outlook coming later this week and next...won't hurt.
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Mav
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Post by Mav on Jan 2, 2013 6:59:40 GMT -8
AAPL up 40 in 2 trading days. I trimmed (sold Mar trade/hold-hybrid BCS from Monday) and trailed (everything else still on table), basically because of the power of the move.
The same way AAPL needed some time to work out the lower levels, AAPL _might_ need time to digest. I don't know for sure so I'll try to keep measuring composure to the best of my limited ability.
But like I said - Happy New Year! Great to see some good 'ol bear BBQ this morning. ;D
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Post by wheeles on Jan 2, 2013 7:06:36 GMT -8
Can't be long before the ratings agencies start downgrading the US some more. That'll burst the "aren't we clever, we paid the minimum on the national credit card" rally.
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Mav
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Post by Mav on Jan 2, 2013 7:06:53 GMT -8
Hmm...AMZN H&S possibility? Not with this rally (it'll be safe in between earnings reports with this kind of market sentiment, probably), but I'm still looking at it.
As for AAPL, it's allowed to give a little back today I think. Just as long as it can mostly keep gains from what I hope is a "pro" gap. Though now that we _have_ a gap, it's gonna have to stay on my radar.
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Post by Rupert on Jan 2, 2013 7:11:20 GMT -8
Resistance/Support Wednesday 01/02/2013
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Mav
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Post by Mav on Jan 2, 2013 7:25:33 GMT -8
iPad, I remember you mentioning an IHS on AAPL maybe a couple weeks ago?
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Post by appledoc on Jan 2, 2013 7:32:38 GMT -8
Could see a pullback to 542, then we will knock down 555. See the EW thread.
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Post by ibuyer on Jan 2, 2013 7:41:33 GMT -8
Volume kind of sucky after first 15 mins or so...
not sure if that is good.
hopefully get some green volume bars later on...
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Post by sponge on Jan 2, 2013 8:02:52 GMT -8
If we can close at 550 today and then just get a 68% move in the next 10 months, we should see the high of the year around 925.
Today we establish the base from which the talking heads measure aapl's gain for the rest of the year.
After spending some time this holiday season in Apple stores and Target, I can tell you that Apple has a huge runaway hit with the Mini.
I am very bullish about the revenue potential from this product.
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Post by mbeauch on Jan 2, 2013 8:06:47 GMT -8
Volume kind of sucky after first 15 mins or so... not sure if that is good. hopefully get some green volume bars later on... Agree, the volume dried up. I think it just means that not as many people sold out of AAPL as many thought and that the HFT's are still just bouncing between themselves. AAPL is looking weak right now, hopefully it will show some strength in the afternoon.
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Post by appledoc on Jan 2, 2013 8:08:17 GMT -8
I am very bullish about the revenue potential from this product. I am very bullish about the income potential from this product.
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Post by Rupert on Jan 2, 2013 8:13:37 GMT -8
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Post by darrenhd on Jan 2, 2013 8:21:16 GMT -8
I am very bullish about the revenue potential from this product. I am very bullish about the income potential from this product. I am too, but my concerns are: 1) The Mini has lower margins - which could negatively impact Apple's overall margin. The question is -- how much lower (if indeed it has lower margins) 2) The mini lost many sales this Christmas Season because they weren't in stock at any store I looked at - lots of normal iPads but I never saw a mini in stock anywhere. 3) How much did the Mini take away from normal iPad sales? If someone wanted a mini and couldn't find one in a store I doubt they would settle for a normal iPad. Ok, some would, but I think those sales are either lost or postponed.
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Post by sponge on Jan 2, 2013 8:30:15 GMT -8
I am very bullish about the income potential from this product. I am too, but my concerns are: 1) The Mini has lower margins - which could negatively impact Apple's overall margin. The question is -- how much lower (if indeed it has lower margins) 2) The mini lost many sales this Christmas Season because they weren't in stock at any store I looked at - lots of normal iPads but I never saw a mini in stock anywhere. 3) How much did the Mini take away from normal iPad sales? If someone wanted a mini and couldn't find one in a store I doubt they would settle for a normal iPad. Ok, some would, but I think those sales are either lost or postponed. Margins are still pretty good from this product. Most of the those buying the Mini were new to Apple, so they are adding to the Apple family. These are folks we would have not jumped on board if it were not for this lower priced iPad. They will then buy a bigger one in a couple of years or even get an iPhone. Postponing the purchase only bodes well for 2nd quarter. The reason we will do well is that when the Mini Retina comes out and they drop the price of the Mini, we could see another huge move in sales. More new folks with all the existing one upgrading. Remember how well the iPad 2 and 3 did just with upgrades? Volume is terrible. Lets get back to 550 in the next three hours.
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Post by appledoc on Jan 2, 2013 8:35:26 GMT -8
I am very bullish about the income potential from this product. I am too, but my concerns are: 1) The Mini has lower margins - which could negatively impact Apple's overall margin. The question is -- how much lower (if indeed it has lower margins) Component costs on breakdowns seemed to indicate that the mini has better margins than the regular iPad. We'll get more pieces to the puzzle come earnings.
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Post by ibuyer on Jan 2, 2013 8:37:04 GMT -8
Volume kind of sucky after first 15 mins or so... not sure if that is good. hopefully get some green volume bars later on... Agree, the volume dried up. I think it just means that not as many people sold out of AAPL as many thought and that the HFT's are still just bouncing between themselves. AAPL is looking weak right now, hopefully it will show some strength in the afternoon. just a guess... short cover and not much follow through buying. even for a new year fund flows. hopefully, managers are just waiting until the end of the day to put money to work. AAPL has been in down trend channel since open. maybe we break above with a little help from big money maybe greg t has some insight.
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icam
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Post by icam on Jan 2, 2013 8:48:57 GMT -8
I moved on from Nick also because he was no better than us. I found him adding zero value to me, so I don't read him anymore.
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Post by fas550 on Jan 2, 2013 8:53:57 GMT -8
Agree, the volume dried up. I think it just means that not as many people sold out of AAPL as many thought and that the HFT's are still just bouncing between themselves. AAPL is looking weak right now, hopefully it will show some strength in the afternoon. just a guess... short cover and not much follow through buying. even for a new year fund flows. hopefully, managers are just waiting until the end of the day to put money to work. AAPL has been in down trend channel since open. maybe we break above with a little help from big money maybe greg t has some insight. We are mimicking the broader market, take a look at the daily charts of each. Not a bad thing. Not too long ago the only thing we mimicked was Titanic :-)
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Post by terps530 on Jan 2, 2013 9:00:42 GMT -8
We are mimicking the broader market, take a look at the daily charts of each. Not a bad thing. Not too long ago the only thing we mimicked was Titanic :-) hahaha! Yea I agree. Also volume may be light due to a shorter week. Maybe not everyone is recovered from New years yet and has the rest of the week off, or wants to wait to see how things settle a bit after the euphoria of the deal. Very happy with the move and hoping we stay above this level through the close, but also bought some cheap VIX calls for March expiration in preps for the debt ceiling soon-to-be incompetence. Could see a pullback to 542, then we will knock down 555. See the EW thread. as of this second, very impressive! 542.00 is the bottom thus far haha
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Post by ibuyer on Jan 2, 2013 9:02:50 GMT -8
Lee Cooperman on CNBC. Hope he say good things about AAPL or at least not bad things.
BTW, outperformance versus SPX and NAS since open gone.
So Lee give AAPL some juice!
Lee's comments:
Equities best house in a bad neighborhood. (modest undervaluation best not much alternatives). 10% total return year.
Thinks policy is constraining economy.
AAPL is not not top 4.
Only caught a small fraction of what he said.
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Post by appledoc on Jan 2, 2013 9:19:44 GMT -8
Could see a pullback to 542, then we will knock down 555. See the EW thread. as of this second, very impressive! 542.00 is the bottom thus far haha A little below the target, but we're bouncing nicely here. Let's rally strong into the close.
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Post by ibuyer on Jan 2, 2013 9:24:40 GMT -8
Lee Cooperman on CNBC. Hope he say good things about AAPL or at least not bad things. ... Tune in now. He will comment on AAPL after break. only caught a small fraction of what he said. sorry Likes QCOM better than AAPL. Capital Allocation not good. 130B cash too much. Hampering valuation. Technicals not good Fundementals not as much potential as competitors catching up. pls add if i missed
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