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Post by aaplsauce on Feb 22, 2022 23:07:13 GMT -8
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Post by aaplcrazie on Feb 23, 2022 7:55:59 GMT -8
Hostage Situation in the Amsterdam Store ended when the Gunman requested water which was sent in via a Robot. At which point the British Hostage decided to Leg It at high speed, Gunman gave chase and once outside was hit by an armored BMW X-5. Hostage situation (video via reddit)
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Feb 23, 2022 8:47:17 GMT -8
Hostage Situation in the Amsterdam Store ended when the Gunman requested water which was sent in via a Robot. At which point the British Hostage decided to Leg It at high speed, Gunman gave chase and once outside was hit by an armored BMW X-5. Hostage situation (video via reddit) Did he shout "Attica, Attica!" and everyone cheered? Or is that the sanitized movie version on Apple TV? 🤔
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Feb 23, 2022 10:15:08 GMT -8
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Post by kpas1 on Feb 23, 2022 10:41:16 GMT -8
Thinking there will be a big market drop when the tanks roll in. APPL in the low 150s? That might be a good time to load up, go long on options, etc.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Feb 23, 2022 11:51:50 GMT -8
Thinking there will be a big market drop when the tanks roll in. APPL in the low 150s? That might be a good time to load up, go long on options, etc. Straight options tend to be tough, as they get jacked up due to higher volatility. But spreads sometimes work. Nasdaq is at it's price from 12 months ago. Dow 11 months back. S&P 8 months back. Multiple wall of worry items, that are hard to quantify, get people worried. But it's also hard to decide what the low is, and get close to that. Still, prices set back 8-12 months should make for decent entrance points, if not in the shorter term then in the longer term. AAPL is where it first was in November, so only 3 months back. It could be a good purchase, something like 13% off it's high.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Feb 23, 2022 14:03:12 GMT -8
I think that we are at the bottom of the channel on archibaldtuttles weekly chart. My guess is if we break and close below this channel line the next support will be the 50MA which is in the 147/148 area. Just guessing.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Feb 23, 2022 14:40:46 GMT -8
Thinking there will be a big market drop when the tanks roll in. APPL in the low 150s? That might be a good time to load up, go long on options, etc. A lot of the talking heads seem to think the Fed is the bigger danger. Unless Xi gets emboldened and takes Taiwan. The thing that is so frustrating is the (latest) mass insanity that this inflation is caused by too hot of an economy, rather than the fact that more money than was spent in World War II being dropped out of helicopters (more than twice that if you count the Fed's asset gobbling) and the supply chain-related scarcities. So basically government cutting off your arm (shutdowns), then handing you a bandaid (stimulus), then cutting off your other arm (Fed pooping in the punchbowl). Thanks, government!
Oh well, at least I can sell calls against my tanking stocks!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Feb 23, 2022 14:42:37 GMT -8
One of the political/military analysts on MSNBC just said of Putin “The value of his economy is less than Apple’s annual revenue”. Quite an indicator of the societal prominence that Tim Cook has brought Apple to.
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Post by archibaldtuttle on Feb 23, 2022 14:44:35 GMT -8
I think that we are at the bottom of the channel on archibaldtuttles weekly chart. My guess is if we break and close below this channel line the next support will be the 50MA which is in the 147/148 area. Just guessing. That is my read of it too. I would certainly prefer to see a bounce here and keep that channel intact. It's also at 50 on the weekly RSI, which has marked a bottom since the COVID lows. It hasn't gone lower than that since April 2020. The question is: is this a normal selloff / correction within the bull market run that we've had since April 2020, or is this the end of this bull market run and we're entering a more protracted crash, such as what happened in Feb/March 2020 or the end of 2018?
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 325
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Post by crispin on Feb 23, 2022 15:00:34 GMT -8
Very dark days in the world currently. Putin seems to have grown bored with murdering journalists and political opponents and now is toying with starting WWIII. Praising and appeasing dictators has real consequences, as I sadly fear we are finding out. I heard from a friend in Dnepropetrovsk this morning. They're putting on a brave front over there but I could sense more than a little fear and uncertainty in his words. May peace prevail. Be safe everyone.
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Post by kpas1 on Feb 23, 2022 15:05:04 GMT -8
Thinking there will be a big market drop when the tanks roll in. APPL in the low 150s? That might be a good time to load up, go long on options, etc. Straight options tend to be tough, as they get jacked up due to higher volatility. But spreads sometimes work. Right. Naked calls have their issues. I prefer BuCS, say 5-wide at a $2 cost, for 100+% return. Also if you are daring, legging into a BuCS, that if done properly can be cheap or even free. Remember Ms. iPad doing this?
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Feb 23, 2022 15:30:27 GMT -8
Straight options tend to be tough, as they get jacked up due to higher volatility. But spreads sometimes work. Right. Naked calls have their issues. I prefer BuCS, say 5-wide at a $2 cost, for 100+% return. Also if you are daring, legging into a BuCS, that if done properly can be cheap or even free. Remember Ms. iPad doing this? And AAPL is decent for daily tight spreads, given high volume, decently high price (a place where actual numbers matter), and thus pretty small bid/ask spreads during most of the trading day. Options and spreads are something that vary with different securities or ETFs. On some, it's just hard to make it work. I've probably bought plenty in this first month and a half of the year, especially if over the longer term (in this case, 6-18 months, as interest rates are rising) I'd like to work down my margin to zero. But this does look like a potential opportunity, even if it is a little more questionable than just a 3 day dive. On the Fed talking about increasing interest rates, and even increasing them, it's what is needed to keep things from getting too frothy, and is best to do while the economy is going well. The question, at lease as far as a goal of a soft landing, is how much lag there is in an increase vs the change in the economy. 2000's and 2008's increases were too late, and in retrospect went on too long. But each time is different, and IMO it seems they are doing a little better this time on the timing. Of course I'd prefer they waited, AAPL peaked out at a nice round $3,000,000 per share, I sold reasonably close to that, and then they clamped down on interest rates and brought things down. But being less self-centered and considering the whole US economy, the timing is ok and could have even been a little earlier, though the threat of increases is almost as effective as the initial increase will be. Thanks for the subtle reminder chinacat. It's always the case for me that a bear and its cub seems like it should be possessive, as in a bear's cub.
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Post by hledgard on Feb 23, 2022 18:50:22 GMT -8
Very dark days in the world currently. Putin seems to have grown bored with murdering journalists and political opponents and now is toying with starting WWIII. Praising and appeasing dictators has real consequences, as I sadly fear we are finding out. I heard from a friend in Dnepropetrovsk this morning. They're putting on a brave front over there but I could sense more than a little fear and uncertainty in his words. May peace prevail. Be safe everyone. Nice post crispin ! ! Thanks ! !
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