Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,088
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Post by Dave on Sept 4, 2020 2:08:07 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,088
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Post by Dave on Sept 4, 2020 2:15:29 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,088
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Post by Dave on Sept 4, 2020 2:23:18 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,088
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Post by Dave on Sept 4, 2020 2:25:52 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,088
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Post by Dave on Sept 4, 2020 2:33:05 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,088
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Post by Dave on Sept 4, 2020 4:21:27 GMT -8
Remember the gaps that are in the charts. We may be getting into the range of filling them.
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benoir
fire starter
*
Posts: 1,318
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Post by benoir on Sept 4, 2020 4:53:13 GMT -8
Artman’s gone quiet....
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,088
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Post by Dave on Sept 4, 2020 5:41:22 GMT -8
Green again.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,088
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Post by Dave on Sept 4, 2020 5:44:37 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,088
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Post by Dave on Sept 4, 2020 5:49:24 GMT -8
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4aapl
Moderator
Posts: 3,621
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Post by 4aapl on Sept 4, 2020 5:57:52 GMT -8
Green light! Red light!
Good to get some volatility mixed in, even if it's quite the roller coaster.
Thanks Apple, for being a solid investment with not too too huge of a multiple, to help remind me that things are fairly solid even if changes in the crowd can change things.
I do wish I got around to writing more of those $250's/$1k's, as that makes for a huge buffer. But, I was getting greedy, seeing the increase and hoping for $15/share instead of a meager $11, all when it worked out to big money either way.
Time to look at the tea leaves. Based on the action 2 weeks ago, even if options were the only thing running the show (they're not when there's this big of a move, individually and market wide), this could be a time where the big boys trick everyone, screw the max pain numbers, and instead just knock things down as much as possible while scooping up bullish positions for the future. All while going into a 3 day weekend where people have time to reconsider and put things into perspective.
Looks like I'm getting cynical in my old age. Time to get outside instead, and head up a tall ladder to paint. Have fun! Be cautious, yet opportunistic, making a partial purchase if you've been eyeing one.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Sept 4, 2020 6:25:27 GMT -8
Thank you Apple/AAPL for an incredible run. If this is the time for the pause that refreshes, then we have the upcoming Fall releases on deck to generate momentum again in a few weeks. Nothing has changed about the fundamentals and the opportunities that lie ahead.
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4aapl
Moderator
Posts: 3,621
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Post by 4aapl on Sept 4, 2020 6:25:49 GMT -8
Have fun! Be cautious, yet opportunistic, making a partial purchase if you've been eyeing one. BTD! $115.82 and $115.61. Sizeable yet reasonable and manageable. And there's a dip below $115, that would have picked up those orders even lower. You just never know. If the market can flatten out, AAPL should get a nice boost when the iPhone excitement ramps up. $114 and pennies now. Interesting. I wonder how many new day traders are experiencing this for the first time. It has been a heck of a run, for AAPL and the market, since late April. Those times where things only go up make new investors think they are amazing. There was a lot of that in 98/99. Enjoy the long weekend!
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Post by playultimate on Sept 4, 2020 6:52:07 GMT -8
Yes, 2012, I knew the well. Learned my lessons back in 2008/2009. Back in the Tommo_UK days.
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4aapl
Moderator
Posts: 3,621
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Post by 4aapl on Sept 4, 2020 6:56:25 GMT -8
More buying. $113.65, and wrote a few 105 puts for today at .50 instead of leaving an order at 105 open. Even so, I shrunk the size of the order. There is a lot of pent-up power here, spring loaded, but to the down side.
FWIW, the S&P is just below the late Feb high of 3393. It's been a heck of a climb since the lows, but that's still a reset of sorts.
Time to enjoy the mostly smoke-free skies outside.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Sept 4, 2020 7:21:16 GMT -8
All right, it's gut check time. I don't want to hear one single board denizen say, "dur hur I wish I'd bought AAPL back in September!"
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4aapl
Moderator
Posts: 3,621
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Post by 4aapl on Sept 4, 2020 8:27:53 GMT -8
All right, it's gut check time. I don't want to hear one single board denizen say, "dur hur I wish I'd bought AAPL back in September!" Whatcha purchasing? Couldn't help myself after looking at a few calls. Oct 16ths 115-120 bull call spread for 2.4. That'll be my small roulette play, short term at only 6 weeks. It should work out, and could give just over 100% profit. But it's just fun money. Nice to see AAPL ($119) and the market recover a little. Heck of a range, but that will keep the volatility numbers up for a bit. And look at that, RSI is at 52.5, after probably plunging intraday below 50.
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Post by archibaldtuttle on Sept 4, 2020 8:41:05 GMT -8
That is quite a daily candle.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Sept 4, 2020 8:45:34 GMT -8
BOT some AAPL November spreads today around 115. Also BOT some TSLA spreads yesterday. Come on put pain!
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mark
fire starter
Posts: 1,552
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Post by mark on Sept 4, 2020 11:04:40 GMT -8
Green light! Red light! Good to get some volatility mixed in, even if it's quite the roller coaster. Thanks Apple, for being a solid investment with not too too huge of a multiple, to help remind me that things are fairly solid even if changes in the crowd can change things. Isn't the multiple around 40 nowadays? What would you consider a too huge multiple for Apple?
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Sept 4, 2020 11:18:03 GMT -8
Welcome back green!
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Post by therealmercel on Sept 4, 2020 12:06:21 GMT -8
BTD hard and flipped for 6 figures - Apple has 2 iPhone/iPad/Mac/Watch/Apple TV/etc. events coming up. The drop was ridiculous (no thanks to CNBC talking down the NAZ). Core position intact.
Buy when others are fearful and sell (anything but AAPL) when others are greedy.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Sept 4, 2020 12:57:50 GMT -8
I don’t care if it’s one cent, we finished the week on a green note. 📈
I usually hate long weekends, but I’m sure glad we made it to this one for three days of chill the fok out! 😵
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Post by playultimate on Sept 4, 2020 15:01:00 GMT -8
So, was today a "dead cat"?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Sept 4, 2020 15:20:03 GMT -8
So, was today a "dead cat"? No.
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Post by archibaldtuttle on Sept 4, 2020 15:48:06 GMT -8
Even if the bullish trend continues it will probably take a few trading days to digest a move this violent. Prepare for more gyrations.
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4aapl
Moderator
Posts: 3,621
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Post by 4aapl on Sept 4, 2020 20:17:33 GMT -8
Green light! Red light! Good to get some volatility mixed in, even if it's quite the roller coaster. Thanks Apple, for being a solid investment with not too too huge of a multiple, to help remind me that things are fairly solid even if changes in the crowd can change things. Isn't the multiple around 40 nowadays? What would you consider a too huge multiple for Apple? I remember when AAPL had a P/E of 60. But it's the crazy P/E's of AMZN, NFLX and TSLA that would worry me a bit, just that what's the difference between a P/E of 132 vs 110, or 1,083!!!! vs 800? 40 is finally pretty decent, so it is a whole different thing than skirting 10-12 where things can't get much lower. There is wiggle room, if the masses get freaked out. But, it's not like just picking a random 3 or 4 digit number and pretending it means something. That's just a popularity contest at that point. Anyways, good to see AAPL close in the green. Sometimes these deep quick dives take 3 days to settle out, so without thinking about options wanting 120ish, I wasn't going to be surprised with a close in the red. I made a bit off my new positions today (nice Mercel!), but the real key is the recovery I expect in the coming weeks. It seems decently likely that Artman will get to test out the green font color before the next iPhone is announced. Good to have a 3 day breather. While some made it to green, there was a lot of red today, even if it was a lot less severe than earlier in the day.
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