Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on May 30, 2013 12:04:43 GMT -8
Good day. Would have preferred that fade not to have happened, but we still closed above the 100 day. It IS ODF, though. The EOs can enjoy their 450 close tomorrow...maybe. But I don't think that'll be enough to stop the AAPL momo train, IF the momentum can carry over to next week. Here's hoping AAPL closes at 450.01+. ;D
|
|
icam
Member
Posts: 447
|
Post by icam on May 30, 2013 12:25:27 GMT -8
His tweets have links to the actual patents. Makes for interesting reading.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 30, 2013 12:31:23 GMT -8
452.80 micro support per 5-minute chart. SMA-100 daily is somewhere around 450/447 depending on who you ask. At the Close my 100 day is at $449.59. That means we Closed $2.21 above the 100 SMA.
|
|
|
Post by wheeles on May 30, 2013 12:35:48 GMT -8
I mentioned that yesterday. Or at least intended to. 100 day is at 449.57 currently. Let's see if we can crack it here. My 100 SMA is higher than yours. I calculate using intraday highs. What are you using? It's standard practice to use closing prices to calculate moving averages (and many other studies). Back in the mists of time people used opening prices, but that practice has been abandoned as far as I am aware. Somehow it made more sense to mark things up at the end of the day rather than when the day had just begun.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 30, 2013 12:40:29 GMT -8
Bulls are fighting hard to keep todays up move. C'mon, hold in there.....Volumes kind of light. Any concerns about that? Actually, I'm thinking that this light volume is going to payoff. Average daily volume this week has been 5,000,000 shares (25%) below the daily average since earnings. My take is that shareholders are now holding out for more, whereas before they sold at the drop of a hat. But buyers are hesitant, hence the low volume with rising PPS. Imagine what may happen when demand (buyers) increases daily volume by 5,000,000 shares. Who has the picture of the Saturn rocket?
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,181
|
Post by JDSoCal on May 30, 2013 12:49:54 GMT -8
It isn't 3:50PM EST yet. Doesn't AAPL always fade before then? I didn't want to say anything, because I didn't want to be blamed for jinxing, but I hope you all took some profits.
|
|
|
Post by sponge on May 30, 2013 12:52:55 GMT -8
It isn't 3:50PM EST yet. Doesn't AAPL always fade before then? I didn't want to say anything, because I didn't want to be blamed for jinxing, but I hope you all took some profits. Take profits? You meant kept buying. This train will catch speed next week and into WWDC.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,181
|
Post by JDSoCal on May 30, 2013 12:53:06 GMT -8
Bulls are fighting hard to keep todays up move. C'mon, hold in there.....Volumes kind of light. Any concerns about that? Actually, I'm thinking that this light volume is going to payoff. Average daily volume this week has been 5,000,000 shares (25%) below the daily average since earnings. My take is that shareholders are now holding out for more, whereas before they sold at the drop of a hat. But buyers are hesitant, hence the low volume with rising PPS. Imagine what may happen when demand (buyers) increases daily volume by 5,000,000 shares. Who has the picture of the Saturn rocket? Just to play the Devil's advocate, imagine what may happen when the EO's pull their levers in a low volume environment.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,181
|
Post by JDSoCal on May 30, 2013 13:06:34 GMT -8
Take profits? You meant kept buying. I most decidedly did not, 24 hours before OpEx, when we are already above the top call wall. Then again, my policy is to not give advice for future trades on public forums.
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on May 30, 2013 13:09:51 GMT -8
I'm trading into next week for AAPL. A bit dangerous, but I'm playing with relatively little capital. Still well over 60% cash (what's left of it), and bunch of the invested/traded cash is AAPL common.
Low volume environments are trickier, no question. Fortunately AAPL is much more technically sound than it's been in weeks. So far.
|
|
|
Post by appledoc on May 30, 2013 13:13:09 GMT -8
Take profits? You meant kept buying. I most decidedly did not, 24 hours before OpEx, when we are already above the top call wall. Then again, my policy is to not give advice for future trades on public forums. I'll bet $5 that the top call wall is now $455.
|
|
|
Post by appledoc on May 30, 2013 13:14:55 GMT -8
I'm in the process of moving to my new home and will be busy with closing tomorrow, so I'll throw this out there now...
Buy at close tomorrow.
;D
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 30, 2013 14:10:47 GMT -8
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on May 30, 2013 14:59:00 GMT -8
I just might, appledoc. I just might.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 30, 2013 15:19:31 GMT -8
Take profits? You meant kept buying. I most decidedly did not, 24 hours before OpEx, when we are already above the top call wall. Then again, my policy is to not give advice for future trades on public forums. I would normally agree but 3-4 weeks ago OI was crushed at two strikes without news and without volume. The EOS were MIA. I sold some today and expect to repurchase for less tomorrow. We should get SOME kind of run ahead of WWDC. Then again, the EOs aren't tweeting their game plan.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 30, 2013 15:26:53 GMT -8
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on May 30, 2013 15:38:51 GMT -8
Android opens your smartphone in ways you never imagined. But hey, Open also means antivirus subscription software's easy to buy, right?
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,181
|
Post by JDSoCal on May 30, 2013 15:51:03 GMT -8
I most decidedly did not, 24 hours before OpEx, when we are already above the top call wall. Then again, my policy is to not give advice for future trades on public forums. I would normally agree but 3-4 weeks ago OI was crushed at two strikes without news and without volume. The EOS were MIA. I have less confidence in weekly pain than monthly due to smaller OI. I would add in re appledoc's post that it isn't necessarily highest call wall, as it is the point where highest calls and puts intersect. That can be below the highest call wall. I'd still be surprised if we closed above 450 tomorrow; of course, by 3-3:30, most positions have closed, so a breach by a few pennies isn't all that telling IMO. Obviously, a bee got under the algos' bonnets today. But call me jaded (I blame lovemyipad), I just think "look at the shiny squirmy worm dangling on the hook" when I see AAPL pop or drop 1%. One thing I think we can all agree on is that AAPL is its own market.
|
|
|
Post by appledoc on May 30, 2013 16:07:04 GMT -8
This is the most educated bullish I've ever been. I'm short, intermediate and long term bullish. I'll be uber short and intermediate bullish once we cross 465.
iPad is absent, but I think she would approve...
WEEEEEEEEEEEEEEEEE!!!!!!!!!!
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on May 30, 2013 16:11:10 GMT -8
Good job, appledoc. ;D. Missing an H or five, it was a little pitchy, but you made it your own! (/Randy Jackson)
Where IS Fearless Leader anyway?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 30, 2013 16:11:36 GMT -8
I've been giving this article a lot of thought today, and have decided to play it. Why? It corresponds with what I am seeing in options OI for all of last week. Put interest dropped like a lead balloon, while Call interest gained marginally. A Thurman Reversal was hinted at yesterday, implying that AAPL was going to peak next week. I earlier posted that today's OI report erased yesterday's hint. That was wrong. I had failed (in my formula) to account for this short week. Correcting that error strengthens the indication of yesterday. The reversal, if it happens, will be during the week of WWDC. I think this blurb from Goldman means they already have their Calls in place, and now want to spur interest a bit. Looking back at my records AAPL does indeed go up in the 5 - 6 trading days PRIOR to WWDC. Five percent run up is a bit of an exaggeration. I'm more comfortable with 4% and would Close any WWDC play on the Thursday or Friday before it. I would not hold into Monday. I personally like the June 7 Wkly $450/$455 BCS at anything below $2.80. A pullback tomorrow could see these below $2.50, but I wouldn't count on it.
|
|
|
Post by Lstream on May 30, 2013 16:30:58 GMT -8
I didn't want to say anything, because I didn't want to be blamed for jinxing, but I hope you all took some profits. Take profits? You meant kept buying. This train will catch speed next week and into WWDC. I think WWDC will be a non event from the stock perspective. And in fact, I suspect that we will sell off a bit after the keynote if there are no new mobile devices, which I expect to be the case.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 30, 2013 17:49:57 GMT -8
Take profits? You meant kept buying. This train will catch speed next week and into WWDC. I think WWDC will be a non event from the stock perspective. And in fact, I suspect that we will sell off a bit after the keynote if there are no new mobile devices, which I expect to be the case. There won't be any new mobile devices, probably, but there will be a lot of new mobile software and services to get excited about. Wall Street seems to get excited about any new service from google, Facebook or yahoo these days, maybe it will rub off on apple for once. Regardless I'm long AAPL LEAPS as always, and continue to stay away from weeklys.
|
|
|
Post by sponge on May 30, 2013 17:52:31 GMT -8
Well if Apple really doubled down on secrecy, then it shows. No new leaks about changes to the iOS before WWDC.
I suspect some big improvements to SIRI and more API for that services. SDK for Apple TV apps could be a game changer.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 30, 2013 18:02:58 GMT -8
We have a shot at closing above $450 on Friday. OI still suggests sub $450 but puts moved very strong up at $445. Click the image to see it all -- I don't know why it's truncating the puts
|
|
|
Post by lovemyipad on May 30, 2013 18:28:31 GMT -8
|
|
|
Post by lovemyipad on May 30, 2013 18:32:37 GMT -8
I mentioned that yesterday. Or at least intended to. 100 day is at 449.57 currently. Let's see if we can crack it here. My 100 SMA is higher than yours. I calculate using intraday highs. What are you using? Ah, just recalculated using intraday low. That isn't it, so you must be using Closing price. I don't use Closing price in any of my calculations. Closing price = industry standard
|
|
|
Post by lovemyipad on May 30, 2013 19:47:12 GMT -8
But call me jaded (I blame lovemyipad), I just think "look at the shiny squirmy worm dangling on the hook" when I see AAPL pop or drop 1%. iPad is absent, but I think she would approve... WEEEEEEEEEEEEEEEEE!!!!!!!!!! Good job, appledoc. ;D. Missing an H or five, it was a little pitchy, but you made it your own! (/Randy Jackson) Where IS Fearless Leader anyway? ROFL!!!
|
|
|
Post by sponge on May 30, 2013 20:19:09 GMT -8
Just visited our local Radio Shack. They have a special on the iPhone 5 for $149.
The salesman has not noticed a difference in sales from the special since Radio Shack is not allowed to advertise it.
Regarding the GS4 it is selling poorly compared to GS3. He loves the HTC but they are not selling well because of lack of marketing. The Nokia phone is dead.
|
|
|
Post by yellowhandman on May 30, 2013 22:08:52 GMT -8
Marketwatch reporting on Wozniak telling Sky News that he disagrees with Apple's tax policies.
With due respect to Woz, who the heck cares what he thinks? He's a terrible businessman. But of course, anything negative about Apple is bound to get reported - even the irrelevant opinion of a man who has had nothing to do with Apple for decades.
|
|