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Post by terps530 on Jun 6, 2013 11:03:09 GMT -8
Why do you think the floor is above $425? Two reasons. The charts folks identified that number as the base from which aapl took off in 2012. It is also the 10 p/e that most identify as the bottom. I felt 440 would be the next bottom, but dropping below that is just part of the market volatile moves that are expected at times. nice predictions as usual sponge. changing them daily is a great skill!
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Post by rickag on Jun 6, 2013 11:18:56 GMT -8
Why do you think the floor is above $425? Two reasons. The charts folks identified that number as the base from which aapl took off in 2012. It is also the 10 p/e that most identify as the bottom. I felt 440 would be the next bottom, but dropping below that is just part of the market volatile moves that are expected at times. Interesting. Jan 2012 began around $410, then did go to $420 - $427 range, consolidating??, before the big run up to $644. The P/E very recently has been below 10 so I am not hanging my hat on that metric. As others here have noted, the TTE will drop after the ER so even a P/E of 10 means a drop in AAPL and that has me spooked. I can easily see AAPL falling to or below $425 prior to WWDC and before the next ER. If guidance is not promising, although I believe it should be promising, sub $400 would be looming. Dear Tim, need China Mobile and NTT Docomo agreements, pretty please. I do believe guidance will be promising. I have basically enough to invest in 3 more blocks of 25 shares of AAPL prior to ER (re: no guarantees I buy though). My goal would be to ride it out until sometime next year or 2015, hopefully AAPL will at some point resume its climb. Depending on AAPL's price and technical levels, I would then place limit orders to sell enough shares to recoup my investment and leave me with extra shares I will have paid essentially $0 for. So any dividends then become an infinite ROI to my simple mind. Not as entertaining as calls, puts and spreads, but my options account is too battered to discuss here. If anyone thinks this in any way advice, I have devastated my options account, be forewarned.
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Post by sponge on Jun 6, 2013 11:34:23 GMT -8
It is just one of many opinions on the stock action.
Not impressed that the market recovered while we are still in the toilet.
Gregg is right. Buyers are on the sidelines and none of the big boys are ready to jump in. If they are it is very slow.
Volume looked promising early but died in the afternoon. Close to 13 million shares is not impressive.
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Mav
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Post by Mav on Jun 6, 2013 11:35:24 GMT -8
Bloomberg reporting Apple will begin to take in older iPhones in trade to boost sales It can be spun that way. Or view it as Apple capitalizing on the massive volume of customers who sell their old iPhones to 3rd party vendors when upgrading. This is a huge plus IMO. I "sold" an iPhone through PowerON (via Apple's website) so this isn't crazy different. But perception? Anyone's guess, my bias is everyone else has an unshakable negative bias when it comes to stuff like this. To me it's neutral at worst. The used iPhone market is huge. Apple addressing it is fine.
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Post by gtrplyr on Jun 6, 2013 11:45:46 GMT -8
It can be spun that way. Or view it as Apple capitalizing on the massive volume of customers who sell their old iPhones to 3rd party vendors when upgrading. This is a huge plus IMO. I "sold" an iPhone through PowerON (via Apple's website) so this isn't crazy different. But perception? Anyone's guess, my bias is everyone else has an unshakable negative bias when it comes to stuff like this. To me it's neutral at worst. The used iPhone market is huge. Apple addressing it is fine. I see no problem with Apple doing this either. As far as I'm concerned it's not in Apple's best interest to have people buying old technology .... I'll never understand someone worried about saving $99 by getting the "old" phone while signing a contract that will be close to 2K by the end of two years. On another note ... watching CNN they just did a piece on Apple and SamDUNG ... pointless stats but one struck me as weird when the title read ... and I'm reading this right now... "Samsung Bites Apple ... Apple still selling 12,300 iphones per month" YES you read it correctly ... CNN just reported that Apple sells 12,300 iphones a MONTH ? Wow ...
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Post by lance on Jun 6, 2013 11:54:25 GMT -8
I was reading an apple article and came across this comment at the bottom of the article in the comments section. It made me laugh for being pretty ridiculous:
"Hoping Apple will announce a copycat of Google Glass and call it the iPatch and have a Captain Cook Special Edition signed by Tim Cook himself."
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Post by sponge on Jun 6, 2013 12:11:59 GMT -8
438 conquered
Now on to 440 tomorrow
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Post by sponge on Jun 6, 2013 12:12:32 GMT -8
I was reading an apple article and came across this comment at the bottom of the article in the comments section. It made me laugh for being pretty ridiculous: "Hoping Apple will announce a copycat of Google Glass and call it the iPatch and have a Captain Cook Special Edition signed by Tim Cook himself." LOL
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Post by lovemyipad on Jun 6, 2013 12:58:43 GMT -8
Significant relative weakness today. Lack of divergences on 1H *suggests* (read: no guarantees!) a retest of the lows (down) after some corrective retrace (up).
Daily MACD-h made a bearish cross.
Not. Good. For. Bulls.
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Post by cbingle on Jun 6, 2013 13:10:40 GMT -8
lobemyipad: It's going down after it goes up? say what...
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Post by mace on Jun 6, 2013 13:12:54 GMT -8
According to 1-min chart, above $439 bring about an IHS rally to $444.
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Post by appledoc on Jun 6, 2013 13:28:10 GMT -8
I'm not worried yet. Maybe a little bit more down to go, but then lots of up.
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Post by mtjs on Jun 6, 2013 14:10:48 GMT -8
I'm also not worried I'm also not worried I'm also not worried I'm also not worried I'm also not worried I'm also not worried I'm also not worried
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Post by tuffett on Jun 6, 2013 14:22:57 GMT -8
Significant relative weakness today. Lack of divergences on 1H *suggests* (read: no guarantees!) a retest of the lows (down) after some corrective retrace (up). Daily MACD-h made a bearish cross. Not. Good. For. Bulls. Lucky for sponge - he's a bear
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Post by sponge on Jun 6, 2013 14:32:26 GMT -8
Significant relative weakness today. Lack of divergences on 1H *suggests* (read: no guarantees!) a retest of the lows (down) after some corrective retrace (up). Daily MACD-h made a bearish cross. Not. Good. For. Bulls. Lucky for sponge - he's a bear A short term bear with a big margin call.
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Post by lovemyipad on Jun 6, 2013 14:41:04 GMT -8
lobemyipad: It's going down after it goes up? say what... Disclaimer: this is PURE CONJECTURE, Wild Ass Guessing...Something like this... 1, 2, 3... AAPL INTRADAY 15-MIN CHART:
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Post by po1nt on Jun 6, 2013 14:52:18 GMT -8
lobemyipad: It's going down after it goes up? say what... Disclaimer: this is PURE CONJECTURE, Wild Ass Guessing...Something like this... 1, 2, 3... AAPL INTRADAY 15-MIN CHART: maybe... not much of a left shoulder there....
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Mav
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Post by Mav on Jun 6, 2013 17:14:19 GMT -8
Maybe. We'll see.
Still micro bearish. Don't feel I can even make a WAG on an intermediate timeframe until after WWDC.
Still not really trading, and it really seems the best trading opportunities lately are intraday. Oh well.
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Post by Deleted on Jun 6, 2013 20:36:34 GMT -8
? Apple doesn't issue EPS guidance anymore. Mercel, They guide Net Income in a range since share count is might be changing. That was my point: there is no EPS guidance.
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Post by Deleted on Jun 6, 2013 20:40:01 GMT -8
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Post by Deleted on Jun 6, 2013 20:40:23 GMT -8
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Post by Deleted on Jun 6, 2013 20:42:39 GMT -8
Here's hoping the weekly guys move to another stock after this week.
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Mav
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Post by Mav on Jun 6, 2013 22:10:15 GMT -8
Push-through failure on the Nikkei at the close. Went green by over a percent, then closed down a small fraction. Ouch.
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