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Post by appledoc on May 31, 2013 10:35:17 GMT -8
Holding well given the broad market turn.
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Post by Deleted on May 31, 2013 10:39:43 GMT -8
Once more, AAPL follows the script. I don't see Apple repurchasing shares to stop this weekly nonsense. Come on Apple, prove me wrong. Perhaps it's time for Plan B, which is to split this stock 10 to 1. I think the buy back sets a floor of 440 and slowly melts us up. I also think it will set us up for quick moves upward in 12-24months when there may be less shares floating. I think we will close above 453 and I will call it a good short week. Up week over week is still good in my book. I'd rather invest on the direction and velocity of your exalts rather than AAPL.
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Mav
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Post by Mav on May 31, 2013 10:46:22 GMT -8
Agreed with appledoc. The whole market has the blahs. Last 10-15 minutes may have more clues.
I wonder if SPY is due for a drop. May try a trade if it can't reclaim 165.
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Post by wheeles on May 31, 2013 10:48:38 GMT -8
I'd rather invest on the direction and velocity of your exalts rather than AAPL. Yeah, funny how as soon as the smites got turned off, The Irrepressible Sponge's karma has soared.
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chinacat
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Post by chinacat on May 31, 2013 10:50:32 GMT -8
good stuff! that's an extra 1 million phones per quarter at that pace, and hopefully it keeps getting better. +1 If Apple has found the key to unlock the door in India, this could be a significant plus. They don't need to be the leader in this market to substantially affect earnings.
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stub
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Post by stub on May 31, 2013 10:52:43 GMT -8
Whoa, Dudes, did you see the last line of the Goldman Sachs Wish List for WWDC? If not here it is... "The analysts reiterated their buy rating and $500 per share target price for shares of Apple Inc. (NASDAQ:AAPL) ahead of WWDC." So Goldman is saying that the AAPL share price will hit $500 by next Friday? Somebody please correct me if I'm wrong. Here's the full article in case you want to read the whole thing: www.valuewalk.com/2013/05/apple-inc-aapl-ios-7-goldman-sachs/
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Mav
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Post by Mav on May 31, 2013 10:54:13 GMT -8
Sorry, you read it wrong.
The price targets were literally set before WWDC, yes. Typically these targets are for a year out.
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Deleted
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Post by Deleted on May 31, 2013 11:07:48 GMT -8
I'd rather invest on the direction and velocity of your exalts rather than AAPL. huh???
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Post by Deleted on May 31, 2013 11:14:35 GMT -8
Whoa, Dudes, did you see the last line of the Goldman Sachs Wish List for WWDC? If not here it is... "The analysts reiterated their buy rating and $500 per share target price for shares of Apple Inc. (NASDAQ:AAPL) ahead of WWDC." So Goldman is saying that the AAPL share price will hit $500 by next Friday? Somebody please correct me if I'm wrong. Here's the full article in case you want to read the whole thing: www.valuewalk.com/2013/05/apple-inc-aapl-ios-7-goldman-sachs/I think you're seeing a poorly written sentence. It probably should have read: "Ahead of WWDC, the analysts reiterated their buy rating and $500 per share target price for shares of Apple Inc. (NASDAQ:AAPL)". So much for journalism school.
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Post by prazan on May 31, 2013 11:42:08 GMT -8
Apple is holding up well, considering the cold plunge the overall market is taking the last few hours of trading. Lots of end of month closing of positions, and risk-off decisions for the start of June. At what time do we expect the pain tractor beam to kick in? Perhaps the WWDC bump will shake us from its grasp.
Edit: Then again, perhaps not.
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Post by sponge on May 31, 2013 11:50:06 GMT -8
That's a crapy closing. Does not bode well for Monday.
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Post by osx10 on May 31, 2013 11:50:17 GMT -8
Looks like it is setting up well for a Poorman's Algo play for next week
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Post by appledoc on May 31, 2013 11:56:03 GMT -8
That's a crapy closing. Does not bode well for Monday. Reasoning?
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Post by terps530 on May 31, 2013 11:58:52 GMT -8
it is funny how it goes right to 450. however the entire market has been in freefall for the afternoon, and aapl is just going down with it.
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Post by macwire on May 31, 2013 12:01:22 GMT -8
That's a crapy closing. Does not bode well for Monday. Reasoning? lol
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Mav
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Post by Mav on May 31, 2013 12:02:29 GMT -8
China PMI spooking people? (I thought this was a known-ish quantity based on the HSBC estimate.)
Technicals driven?
Well, AAPL had a meh close. I bought some SPY puts end of day as a hedge (H&S at risk of triggering, 164 and 165 levels failed?)
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Post by moltenfire on May 31, 2013 12:02:53 GMT -8
Wow, cutting it kind of close, but the pin prevailed! It was still above $450 at 359p.
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Post by nathanstevens on May 31, 2013 12:03:30 GMT -8
Who would have thought it would end up between 445 and 449.99? . Still above the 100 day. Nothing to see here.
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Post by prazan on May 31, 2013 12:04:23 GMT -8
it is funny how it goes right to 450. however the entire market has been in freefall for the afternoon, and aapl is just going down with it. Yes, and note that three minutes after closing, it pops above 450 in AH.
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Post by prazan on May 31, 2013 12:07:44 GMT -8
Appledoc, I didn't want to ask this during trading hours, but I'm wondering whether you pulled the trigger on a buy at close, as you suggested you might yesterday or Wednesday. Don't answer this if you consider it presumptive.
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Mav
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Post by Mav on May 31, 2013 12:08:02 GMT -8
Today can't fully be blamed on the pin. AAPL traded in near-lockstep with the market though of course with relative strength. We'll see about Monday.
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JDSoCal
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Post by JDSoCal on May 31, 2013 12:08:24 GMT -8
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Mav
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Post by Mav on May 31, 2013 12:08:33 GMT -8
I'll bet he didn't add.
I didn't.
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Post by Deleted on May 31, 2013 12:08:44 GMT -8
Re: the above Great thought process, lousy results. That tiny gap up is acting like a bigger gap 'n go. Still trying to get the $450/$455s, but have abandoned my cheapo strategy. I was right yesterday when I said, "don't count on it". Order filled at $2.75. At least I got them under my stated $2.80 price point. Well, therein lies my investment difficulties. My assessment was good, but I get impatient waiting for it to happen.
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Mav
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Post by Mav on May 31, 2013 12:09:50 GMT -8
SPY crashed 1.6% after being near-even most of the day. No stock in my watch list fully resisted the pull, it was more a function of each stock's relative strength.
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Post by appledoc on May 31, 2013 12:13:44 GMT -8
Appledoc, I didn't want to ask this during trading hours, but I'm wondering whether you pulled the trigger on a buy at close, as you suggested you might yesterday or Wednesday. Don't answer this if you consider it presumptive. I didn't. Only because in sticking to my game plan of no more buying until we're above 465. Next purchase is commons, so 451 vs 465 is negligible. Technicals still super bullish across the board. I think next week turns out to be a good one. Edit: Should have read 449 instead of 451. iPhone stocks wasn't refreshed. My tune remains the same.
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Post by Deleted on May 31, 2013 12:19:42 GMT -8
AAPL Closed >$2.00 above, and the 20 SMA just pennies below, the 100 SMA. You gotta like that.
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Post by rickag on May 31, 2013 12:22:48 GMT -8
Once more, AAPL follows the script. I don't see Apple repurchasing shares to stop this weekly nonsense. Come on Apple, prove me wrong. Perhaps it's time for Plan B, which is to split this stock 10 to 1. I think the buy back sets a floor of 440 and slowly melts us up. I also think it will set us up for quick moves upward in 12-24months when there may be less shares floating. I think we will close above 453 and I will call it a good short week. Up week over week is still good in my book. I wish I was a confident as you are about the floor. I don't know Apple's plan for the buyback nor if it includes a strategy using puts. Be careful!
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Post by prazan on May 31, 2013 12:25:52 GMT -8
Appledoc, I didn't want to ask this during trading hours, but I'm wondering whether you pulled the trigger on a buy at close, as you suggested you might yesterday or Wednesday. Don't answer this if you consider it presumptive. I didn't. Only because in sticking to my game plan of no more buying until we're above 465. Next purchase is commons, so 451 vs 465 is negligible. Technicals still super bullish across the board. I think next week turns out to be a good one. Good for Apple, I suspect, but I'm not sure about the overall market. We've seen this too often in this recent bull run for SPY. The market sells off, then folks step in to buy the dip before the damage becomes any more than cosmetic. Will this time (first trading session in June) be any different? One last chance for Sell in May, Go Away. As my stock market mentor used to say, about 2,400 years ago, "I know one thing: I know nothing."
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JDSoCal
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Post by JDSoCal on May 31, 2013 12:26:54 GMT -8
SPY crashed 1.6% after being near-even most of the day. No stock in my watch list fully resisted the pull, it was more a function of each stock's relative strength. Yep, a total coincidence AAPL popped for almost 2 days, then tanked below the top call wall right before close, then bobbed right back up over 450 after close. Market forces at work, nothing to see here.
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