Mav
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Post by Mav on May 20, 2013 0:52:07 GMT -8
A couple of "Apple events" on the horizon before the "sell in May" that didn't happen ends: - Tax discussion/various senators grandstanding hearing (take your pick) this Tuesday, starring Tim Cook - Tim also has that interview at the D conference next week Neither of which would seem likely to move the stock, not to the upside anyway . But hey Apple news! After all these months! Woohoo! ;D
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Deleted
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Post by Deleted on May 20, 2013 3:01:18 GMT -8
As of this morning Institutional Ownership dropped from 63.86% to 61.93%. IO is now almost 10 points below its high, set one year ago. That's almost 95,000,000 shares the institions have sold in the last 12 months.
In the past I have railed against the ignorant retal investor. Now it looks like AAPL's malaise is wholly attributable to institutional selling. My apologies to "ignorant" retail investors.
Taking a positive point of view, AAPL has performed quite well despite heavy institutional selling.
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Post by jmolloy on May 20, 2013 5:58:56 GMT -8
Sure is quiet here today.
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Post by flyonthewall on May 20, 2013 6:21:50 GMT -8
Sshh. We don't want to tip over the AAPL cart!
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Post by sponge on May 20, 2013 6:27:30 GMT -8
Well I bought this morning with a little buying power. Now patiently waiting for end of June to sell for nice profits.
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Post by qualitywte on May 20, 2013 6:43:43 GMT -8
Even though we're in a new product "drought" right now, I think there has to be some exciting things coming. And its not just TC spewing out rhetoric. Does anyone think Apple employees just stopped working after SJ's death? Don't you know they want to wow the world once again? It's human nature that they would want to prove themselves when WS considers Apple dead.
And while I'm at it, what is this crap about Apple growth? The stock is priced as if they will wither away to nothing in 6 yrs (per Horace D.) What if they don't grow at all, but just keep the current sales/profit rate steady for the next 5 - 10 yrs?
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Post by sponge on May 20, 2013 6:47:40 GMT -8
Even though we're in a new product "drought" right now, I think there has to be some exciting things coming. And its not just TC spewing out rhetoric. Does anyone think Apple employees just stopped working after SJ's death? Don't you know they want to wow the world once again? It's human nature that they would want to prove themselves when WS considers Apple dead. And while I'm at it, what is this crap about Apple growth? The stock is priced as if they will wither away to nothing in 6 yrs (per Horace D.) What if they don't grow at all, but just keep the current sales/profit rate steady for the next 5 - 10 yrs? Stop with the common sense. That is not tolerated around here.
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Deleted
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Post by Deleted on May 20, 2013 6:54:33 GMT -8
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Post by sponge on May 20, 2013 6:59:30 GMT -8
He is 60 points too late.
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Post by terps530 on May 20, 2013 7:07:58 GMT -8
He is 60 points too late. better to be late than early haha
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Mav
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Post by Mav on May 20, 2013 7:11:10 GMT -8
Nice! New highs of the day so far.
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Post by hydrarx on May 20, 2013 7:15:31 GMT -8
We're above sma-7, 20, and 50, which I assume is good news.
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Post by appledoc on May 20, 2013 7:16:31 GMT -8
No witch doctor, just regular doctor, but I'm calling the bottom when we get above 465 assuming we don't break 418 before then. Considering I started buying Friday, you already know I am leaning heavily toward the bottom being in.
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Post by sponge on May 20, 2013 7:25:44 GMT -8
No witch doctor, just regular doctor, but I'm calling the bottom when we get above 465 assuming we don't break 418 before then. Considering I started buying Friday, you already know I am leaning heavily toward the bottom being in. I agree. All the data from the chart folks say that if we close above 445 soon, we should break the 469 wall. And when that happens get ready for 510 before we see another major correction. A few more cents and my calls turn green. Have been slowly buying shares as well. Those won't turn green until we get to 468.
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Post by moltenfire on May 20, 2013 7:48:32 GMT -8
We're above sma-7, 20, and 50, which I assume is good news. We finally got our bullish cross on the daily 20SMA/50SMA with Friday's close. It's possible computers saw that over the weekend and started buying on Monday. Seriously, why else would we go up 2.5% on no news (and on a holiday in Canada, too)?
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Deleted
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Post by Deleted on May 20, 2013 7:51:25 GMT -8
I agree. All the data from the chart folks say that if we close above 445 soon, we should break the 469 wall. And when that happens get ready for 510 before we see another major correction. Ok, Nostradamus (who I'm sure is spinning --not rolling-- in his grave).
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Deleted
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Post by Deleted on May 20, 2013 7:54:25 GMT -8
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Post by sponge on May 20, 2013 7:56:13 GMT -8
I agree. All the data from the chart folks say that if we close above 445 soon, we should break the 469 wall. And when that happens get ready for 510 before we see another major correction. Ok, Nostradamus (who I'm sure is spinning --not rolling-- in his grave). Hey I am only repeating the chart folks. They are not my predictions. Personally I expected us to be here last Friday. But I am always off by a day or two.
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mark
fire starter
Posts: 1,552
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Post by mark on May 20, 2013 8:12:42 GMT -8
As of this morning Institutional Ownership dropped from 63.86% to 61.93%. IO is now almost 10 points below its high, set one year ago. That's almost 95,000,000 shares the institions have sold in the last 12 months. In the past I have railed against the ignorant retal investor. Now it looks like AAPL's malaise is wholly attributable to institutional selling. My apologies to "ignorant" retail investors. Taking a positive point of view, AAPL has performed quite well despite heavy institutional selling. Let's see, 95M shares, multiply by ~450, ... carry the 4, .... that's about $43B. Okay, let's buy 'em ;D
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Post by rob_london on May 20, 2013 8:27:20 GMT -8
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Post by rickag on May 20, 2013 8:27:43 GMT -8
Ok, Nostradamus (who I'm sure is spinning --not rolling-- in his grave). Hey I am only repeating the chart folks. They are not my predictions. Personally I expected us to be here last Friday. But I am always off by a day or two. The chart folks don't predict where APPL will be, they predict if / then scenarios, support levels, etc. Than said, I bought 25 more shares so IF APPL continues up I make money. This is my second block of 25 shares, I have more blocks to deploy, whether APPL goes up or down.
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Deleted
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Post by Deleted on May 20, 2013 8:49:14 GMT -8
We're above sma-7, 20, and 50, which I assume is good news. We finally got our bullish cross on the daily 20SMA/50SMA with Friday's close. It's possible computers saw that over the weekend and started buying on Monday.Yes, but AAPL did start the day down about $3.xx. Over the weekend I worked up another stink bid for this Friday. 18 seconds into today's session it was filled. $430/$435 BCS @ $2.33. That's two in a row. Time to start looking further out.
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JDSoCal
Member
Aspiring oligarch
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Post by JDSoCal on May 20, 2013 9:28:19 GMT -8
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Post by sponge on May 20, 2013 9:30:01 GMT -8
No surprise that we are up 2% while goog is flat. It is rather remarkable that we seem to only go up when the market is flat or red. We should root for a market wide correction of 10%.
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Deleted
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Post by Deleted on May 20, 2013 9:50:46 GMT -8
P/C Ratio is dropping just as fast as it went up. Now at 0.65:1.
Looking back at how the rapid rise to 0.89:1 corresponded with AAPL's drop to $385, I'm encouraged by this decline.
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Post by rob_london on May 20, 2013 10:07:53 GMT -8
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Deleted
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Post by Deleted on May 20, 2013 10:37:54 GMT -8
I've been playing around with the 100 SMA. Here is what I'm expecting to happen in the next 15 - 20 days:
100 SMA will drop to ~$450.
When AAPL passes $470, the 100 SMA will turn positive.
Both the 20 SMA and 50 SMA will cross the 100 SMA before earnings.
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Post by rob_london on May 20, 2013 11:21:40 GMT -8
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Mav
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Post by Mav on May 20, 2013 11:31:03 GMT -8
Whippy, but in a good way...?
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Post by Lstream on May 20, 2013 11:35:11 GMT -8
Apple pays 1/40 of all corporate taxes. This is just one more reason that the media's fawning over Samsung infuriates me. Somehow the copying parasite is the hero nowadays, and the company that makes a huge contribution to the American economy is a convenient target for lies and misrepresentation. Something is wrong here. The scumbag NY Times and others will very likely find something to attack in this testimony.
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