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Post by podboy on Jan 10, 2013 7:57:45 GMT -8
My old self would have bought here - 1) Lot of people throwing in the towel 2) anxiety and pessimism is a peak levels 3) Valuation is a bottom levels 4) apple is selling everything it can make.. to an objective viewer, this is a screaming buy.
Butt we have been beat down so much, hard to be objective.
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mark
fire starter
Posts: 1,552
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Post by mark on Jan 10, 2013 8:07:32 GMT -8
My old self would have bought here - 1) Lot of people throwing in the towel 2) anxiety and pessimism is a peak levels 3) Valuation is a bottom levels 4) apple is selling everything it can make.. to an objective viewer, this is a screaming buy. Butt we have been beat down so much, hard to be objective. I did indeed buy some more (shares, not options or spreads) yesterday a few minutes before the close. I couldn't resist a price just below the price at which I sold a bunch on 31-Dec to capture long-term capital gains at the lower tax rates of 2012.
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Post by sponge on Jan 10, 2013 8:15:22 GMT -8
Here comes red.
We need to get past the next two Fridays.
Hope we recover to 520 by end of the day.
It is topping the list of selling on strength.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 10, 2013 8:15:24 GMT -8
Gap closed, now we can resume up...
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Post by appledoc on Jan 10, 2013 8:20:53 GMT -8
Gap closed, now we can resume up... Doubt it. I knew I should have bought puts at the open. This was way too predictable. I apologize for my pessimism the past week. I am extremely tired of this all.
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Post by fas550 on Jan 10, 2013 8:28:10 GMT -8
Wouldn't a preliminary earnings announcement be nice around now? That 13 days to earnings release looks a long way off when we have weeks like this.
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Deleted
Deleted Member
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Post by Deleted on Jan 10, 2013 8:33:34 GMT -8
Do you think if we had just dropped from the 580 region to this area after the bad earnings reports in July instead of jumping up to 700 that we would all be so upset. Honestly, it completely sucks to be here, but we were in the high 500's/low 600's in the summer, than had 2 bad earning reports in a row.
It's funny cause after the bad earnings report in July, I figured the October report wouldn't be anything special either with no new iPhone for most of the period, so I sold off around 600, then cried as it pummeled up to 700, then thanked my lucky stars as it dropped back down to the 600 levels, Andy released his "Buy Now" or whatever it was and I thought how easy it all was to make money with Apple.
I'm thinking anything under $13 will send us into the low 400's, while anything in the $14 range will be an OK quarter, I thnk we need above $15 to rise back above 600 in the near term...really can't wait for earnings to come and see what's in store.
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Post by phoebear611 on Jan 10, 2013 8:38:10 GMT -8
Funny - was talking with the iHusband last night and he said that it would be great to switch - at the last minute - an earnings announcement pre-market instead of after market and to disrupt all the shorts. Can you imagine the havoc?! Would love that!
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Post by gtrplyr on Jan 10, 2013 8:46:44 GMT -8
CNBC about to interview Munster regarding the lowered price target ...
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Post by artman1033 on Jan 10, 2013 9:04:48 GMT -8
Funny - was talking with the iHusband last night and he said that it would be great to switch - at the last minute - an earnings announcement pre-market instead of after market and to disrupt all the shorts. Can you imagine the havoc?! Would love that! IMHO: Apple management does NOT care about AAPL day traders or option buyers. I will keep saying this until someone proves me wrong.
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Post by artman1033 on Jan 10, 2013 9:08:35 GMT -8
CNBC about to interview Munster regarding the lowered price target ... HERE
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Post by sponge on Jan 10, 2013 9:10:45 GMT -8
Funny - was talking with the iHusband last night and he said that it would be great to switch - at the last minute - an earnings announcement pre-market instead of after market and to disrupt all the shorts. Can you imagine the havoc?! Would love that! IMHO: Apple management does NOT care about AAPL day traders or option buyers. I will keep saying this until someone proves me wrong. I agree. However if you an insider who understands and sees the business better then anyone else, and you own 100 million in stock and see it drop by 30 million because WS manipulates it, I think you are more inclined to feel the pain of those who have own the stock for a few years. I think management can do something and they have, however WS is greedy and wants more. I see an increase in dividend and higher buy backs. But if Apple really wants to kill off the short term players and hedge funds for at least the next 36 months, they need to split the stock. The retail buyers will come in hordes if the stock was trading at $60 a share. The big boys would be forced to buy as well and we will have the mother of all moves until we get back to $100+ and the manipulation starts again.
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Post by gtrplyr on Jan 10, 2013 9:15:04 GMT -8
Thanks for that link ... interview on CNBC to start in the next couple of minutes if anyone is interested. CNBC about to interview Munster regarding the lowered price target ... HERE[/quote]
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Post by Plato on Jan 10, 2013 9:20:17 GMT -8
Again - today's action gives very little hope for AAPL to move higher soon. Big gap up and found heavy resistance at the 20MA and 21MA (both around 530) followed by big selling pressure. Couldn't even hold the important 525 area. Not much hope here - have to see if 501/505 holds.
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Post by artman1033 on Jan 10, 2013 9:21:47 GMT -8
IMHO: Apple management does NOT care about AAPL day traders or option buyers. I will keep saying this until someone proves me wrong. I agree. However if you an insider who understands and sees the business better then anyone else, and you own 100 million in stock and see it drop by 30 million because WS manipulates it, I think you are more inclined to feel the pain of those who have own the stock for a few years. OH great Kitchen spill tool: I think it is entirely possible that Fidelity and Blackrock are the guys SELLING the calls and are the one manipulating the market. AAPL is up XX% over the last year. The NEXT run starts when they want it to start. Apple management may not want AAPL to trade at a +20 PE.
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Post by sponge on Jan 10, 2013 9:23:00 GMT -8
Again - today's action gives very little hope for AAPL to move higher soon. Big gap up and found heavy resistance at the 20MA and 21MA (both around 530) followed by big selling pressure. Couldn't even hold the important 525 area. Not much hope here - have to see if 501/505 holds. I agree. We just need to hang in there for two more weeks. Two weeks from today we should start our move up. The question will be if we start it at 550 or 510. I am betting on around 530. A 6% move from 5530 will take us to 561. After that we just need to get past the DC debt ceiling crap and then get going at end of February. We should start to get rumors about the new iPad by then.
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Post by sponge on Jan 10, 2013 9:24:33 GMT -8
I agree. However if you an insider who understands and sees the business better then anyone else, and you own 100 million in stock and see it drop by 30 million because WS manipulates it, I think you are more inclined to feel the pain of those who have own the stock for a few years. OH great Kitchen spill tool: I think it is entirely possible that Fidelity and Blackrock are the guys SELLING the calls and are the one manipulating the market. AAPL is up XX% over the last year. The NEXT run starts when they want it to start. Apple management may not want AAPL to trade at a +20 PE. I agree but Apple should expect its stock to trade at a p/e of 15 when it is growing 40%.
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Post by appledoc on Jan 10, 2013 9:25:10 GMT -8
CNBC about to interview Munster regarding the lowered price target ... What an idiot. Dropping his price target 2.7 percent from $900 to $875 based on something that won't even happen.
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Post by Plato on Jan 10, 2013 9:30:49 GMT -8
BATS f%#$cked up again their orders. Losers!
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Post by gtrplyr on Jan 10, 2013 9:31:20 GMT -8
CNBC about to interview Munster regarding the lowered price target ... What an idiot. Dropping his price target 2.7 percent from $900 to $875 based on something that won't even happen. I'm curious to hear what he has to say as I've always regarded him as one of the better Apple analysts ( I'm sure many on the forum would disagree). This "cheaper iPhone" story is really gaining steam .... I would normally say no way as Apple has a reputation of NOT going after the lower end market with regards to their computers BUT as Apple learned years ago market share is very important .... I'm still in the "not gonna happen" camp
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Deleted
Deleted Member
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Post by Deleted on Jan 10, 2013 9:36:57 GMT -8
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Post by appledoc on Jan 10, 2013 9:38:35 GMT -8
What an idiot. Dropping his price target 2.7 percent from $900 to $875 based on something that won't even happen. I'm curious to hear what he has to say as I've always regarded him as one of the better Apple analysts ( I'm sure many on the forum would disagree). He's now on my permanent mute list. You're a bull and you're going to drop your target by $25?
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Post by seabiscuit on Jan 10, 2013 9:40:11 GMT -8
PPS gave me a bit of hope this morning for my 505/520 bull put spread. In light of TC's visit with China Mobile and the confidentially letter it seems PPS should have held most of the morning gap up. I finally gave in and closed the position for a loss. When I put this trade on I thought I was being uber conservative.
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Post by ibuyer on Jan 10, 2013 9:45:18 GMT -8
I'm curious to hear what he has to say as I've always regarded him as one of the better Apple analysts ( I'm sure many on the forum would disagree). He's now on my permanent mute list. You're a bull and you're going to drop your target by $25? If you think a cut to 875 is bad then you should wait and see the cuts in the next 2 weeks to below 750.
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Post by Plato on Jan 10, 2013 9:56:18 GMT -8
IMO if 515 does not hold today we most likely see 505 today or tomorrow again.
That's when I buy.
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Post by fas550 on Jan 10, 2013 10:00:19 GMT -8
IMO if 515 does not hold today we most likely see 505 today or tomorrow again. That's when I buy. Earlier you said this "Again - today's action gives very little hope for AAPL to move higher soon. Big gap up and found heavy resistance at the 20MA and 21MA (both around 530) followed by big selling pressure. Couldn't even hold the important 525 area. Not much hope here - have to see if 501/505 holds." Do you work in a Hospice?
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Post by Plato on Jan 10, 2013 10:02:17 GMT -8
IMO if 515 does not hold today we most likely see 505 today or tomorrow again. That's when I buy. Earlier you said this "Again - today's action gives very little hope for AAPL to move higher soon. Big gap up and found heavy resistance at the 20MA and 21MA (both around 530) followed by big selling pressure. Couldn't even hold the important 525 area. Not much hope here - have to see if 501/505 holds." Do you work in a Hospice?
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Post by rob_london on Jan 10, 2013 10:10:20 GMT -8
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Post by mace on Jan 10, 2013 10:12:53 GMT -8
... I see an increase in dividend and higher buy backs. But if Apple really wants to kill off the short term players and hedge funds for at least the next 36 months, they need to split the stock ... Increase in dividend , likely be done annually. higher buy backs , except for countering dilution. split the stock hope so.
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Post by fas550 on Jan 10, 2013 10:20:15 GMT -8
Regarding the link: Would like to see the actual question and the ENTIRE sentence response.
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