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Post by phoebear611 on Jun 14, 2013 1:55:13 GMT -8
Happy Flag Day! NEXT FRIDAY is quadruple witching -- no doubt we'll see volatility out there (next week) ....Watch for the weekly PIN. AAPL flat in PM. Let's see if yesterday's market rally follows through or traders take some profits into the weekend.
Good luck to the longs!
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Post by rob_london on Jun 14, 2013 2:10:13 GMT -8
For all the techies out there, check out the video (50+ minutes in length) that has just been uploaded onto the WWDC app, called 'Painting the Future'. It features a demo by Pixar using a 3D painting package called Mari on the new Mac Pro. It highlights the power of the machine. The guy from Pixar said that he has been using the new Mac Pro for several weeks but had no idea what it looked like until Monday, as it was always encased in a box!
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Post by rob_london on Jun 14, 2013 2:45:10 GMT -8
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Post by phoebear611 on Jun 14, 2013 2:53:19 GMT -8
When Goldman Sucks told everyone to buy calls ahead of the WWDC, does anyone remember where they built that wall of calls to help cap us out?
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Post by lucy on Jun 14, 2013 3:46:44 GMT -8
phoebear611,
It was a 450 call.
'Hedge funds buy A, sell side analysts upgrade A, momentum loving muppets pile on, hedge funds sell, sell side downgrades, muppets screwed'.
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Post by wheeles on Jun 14, 2013 3:53:52 GMT -8
phoebear611, It was a 450 call. 'Hedge funds buy A, sell side analysts upgrade A, momentum loving muppets pile on, hedge funds sell, sell side downgrades, muppets screwed'. And yet people get sucked in time and again.
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Post by macwire on Jun 14, 2013 4:33:04 GMT -8
phoebear611, It was a 450 call. 'Hedge funds buy A, sell side analysts upgrade A, momentum loving muppets pile on, hedge funds sell, sell side downgrades, muppets screwed'. And yet people get sucked in time and again. Maybe they meant ought to write naked calls Someone throw the Goldman recommendation fade into trade simulator and see what the returns on it
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Post by wheeles on Jun 14, 2013 4:35:40 GMT -8
And yet people get sucked in time and again. Maybe they meant ought to write naked calls Someone throw the Goldman recommendation fade into trade simulator and see what the returns on it The trouble is, every once in a while, fading Goldman is spectacularly wrong.
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Post by lovemyipad on Jun 14, 2013 5:02:05 GMT -8
435 pin?
Looks like a call wall at 440 and a put floor at 430...
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Post by Deleted on Jun 14, 2013 5:11:10 GMT -8
435 pin? Looks like a call wall at 440 and a put floor at 430... Yep. I realize this is WWDC week, but I'm still impressed there are weekly options players left after all the money they've lost over the past six months. Perhaps the OI starts to decline on weeklies next week? In Vegas at the craps table, it would be "baby needs a shoelace..."
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Post by Red Shirted Ensign on Jun 14, 2013 5:24:29 GMT -8
Happy Flag Day! Today is quadruple witching -- no doubt we'll see volatility out there....not to mention the weekly PIN. AAPL flat in PM. Let's see if yesterday's market rally follows through or traders take some profits into the weekend. Good luck to the longs! Isn't quad witching next Friday, not today? This is only the second Friday of the month..
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Post by phoebear611 on Jun 14, 2013 5:29:24 GMT -8
Happy Flag Day! Today is quadruple witching -- no doubt we'll see volatility out there....not to mention the weekly PIN. AAPL flat in PM. Let's see if yesterday's market rally follows through or traders take some profits into the weekend. Good luck to the longs! Isn't quad witching next Friday, not today? This is only the second Friday of the month.. YES - oops ... for some reason I thought today was the third Friday - sorry. I will modify!
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Post by appledoc on Jun 14, 2013 5:37:28 GMT -8
435 pin? Looks like a call wall at 440 and a put floor at 430... Yep. I realize this is WWDC week, but I'm still impressed there are weekly options players left after all the money they've lost over the past six months. Perhaps the OI starts to decline on weeklies next week? In Vegas at the craps table, it would be "baby needs a shoelace..." Gamblers never quit.
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Post by macwire on Jun 14, 2013 5:40:56 GMT -8
Maybe they meant ought to write naked calls Someone throw the Goldman recommendation fade into trade simulator and see what the returns on it The trouble is, every once in a while, fading Goldman is spectacularly wrong. Not my money
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Post by macwire on Jun 14, 2013 6:37:45 GMT -8
Aapl hanging out under the 10/50 is no bueno.
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Post by sponge on Jun 14, 2013 6:45:48 GMT -8
Volume is very low this week. That tells me the retail folks are running out of energy. I give it one more week before we get back over 440. Just after I am forced to sell at a loss.
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Post by Deleted on Jun 14, 2013 6:54:19 GMT -8
Volume is very low this week. That tells me the retail folks are running out of energy. I give it one more week before we get back over 440. Just after I am forced to sell at a loss. Well quit buying everytime we go up $10, then you won't need to sell when we go back down.
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Post by Deleted on Jun 14, 2013 6:58:54 GMT -8
AAPL is now less than half of GOOG. Oh, yeah, the stock market is efficient. Uh huh.
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Post by sponge on Jun 14, 2013 7:23:47 GMT -8
appleinsider.com/articles/13/06/14/apple-now-adding-500000-new-itunes-accounts-per-dayAt this rate Apple will have close to 1 billion by end of 2016. I think only about 200 million will be true credit card spenders via an iPhone. At that point I think they will really push mobile payments in a big way. But it will still take 3 more years beyond that to have a majority owning the right iPhone. The new amazing iPhone will come out then. I also see that as the year for a new improved iTV and iOS 10. 2016 is the year we will all remember like 2007. Buy and Hold
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Post by hamourabi on Jun 14, 2013 7:40:31 GMT -8
I expect Apple is silently buying back share
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Post by Deleted on Jun 14, 2013 7:51:20 GMT -8
appleinsider.com/articles/13/06/14/apple-now-adding-500000-new-itunes-accounts-per-dayAt this rate Apple will have close to 1 billion by end of 2016. I think only about 200 million will be true credit card spenders via an iPhone. At that point I think they will really push mobile payments in a big way. But it will still take 3 more years beyond that to have a majority owning the right iPhone. The new amazing iPhone will come out then. I also see that as the year for a new improved iTV and iOS 10. 2016 is the year we will all remember like 2007. Buy and Hold Your comfort level with predictions three years out is impressive. That you make it about a tech company, even Apple, just flabbergasts me.
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Post by Deleted on Jun 14, 2013 7:53:00 GMT -8
Someone posted on StockTwits that GS is the one buying shares on Apple's behalf on Mondays and Tuesdays. Can anyone corroborate this?
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Post by lovemyipad on Jun 14, 2013 7:54:01 GMT -8
Now we assess the strength of that floor of puts at 430...
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Post by phoebear611 on Jun 14, 2013 7:55:57 GMT -8
Someone posted on StockTwits that GS is the one buying shares on Apple's behalf on Mondays and Tuesdays. Can anyone corroborate this? I can't imagine that AAPL or Goldman would be so predictable. Why only on Mondays and Tuesdays? Doesn't make sense.
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Post by Lstream on Jun 14, 2013 7:57:53 GMT -8
appleinsider.com/articles/13/06/14/apple-now-adding-500000-new-itunes-accounts-per-dayAt this rate Apple will have close to 1 billion by end of 2016. I think only about 200 million will be true credit card spenders via an iPhone. At that point I think they will really push mobile payments in a big way. But it will still take 3 more years beyond that to have a majority owning the right iPhone. The new amazing iPhone will come out then. I also see that as the year for a new improved iTV and iOS 10. 2016 is the year we will all remember like 2007. Buy and Hold Your comfort level with predictions three years out is impressive. That you make it about a tech company, even Apple, just flabbergasts me. That is what good trolls do. Make completely ridiculous and outrageous statements to draw attention to themselves. These posts are a joke. I expect everyone here knows it.
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Post by Deleted on Jun 14, 2013 7:58:35 GMT -8
Someone posted on StockTwits that GS is the one buying shares on Apple's behalf on Mondays and Tuesdays. Can anyone corroborate this? I can't imagine that AAPL or Goldman would be so predictable. Why only on Mondays and Tuesdays? Doesn't make sense. I presume it's another institution buying the other days of the week. I recall Apple using at least 2 institutions.
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Post by Deleted on Jun 14, 2013 8:00:33 GMT -8
Now we assess the strength of that floor of puts at 430... It should hold, but 425 puts are higher.
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Post by sponge on Jun 14, 2013 8:03:38 GMT -8
Looking back we dropped 3.5% last year two weeks after WWDC. The year before that we dropped 10%.
If we follow the same pattern we could drop further next week.
If Apple did buy shares on Monday (the big boys would know) then WS is taking advantage of it and dumping theirs while buying puts/writing calls and making a killing every time it happens. Keeps the casino rolling. The problem is that every week there are less players.
The flip side is that with institutional ownership at 62%, we are setting up for the mother of all break outs next year.
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Post by archibaldtuttle on Jun 14, 2013 8:18:42 GMT -8
Remember when people were saying that AAPL was down/depressed/undervalued because of their lack of clarity on plans for their cash hoard? Clearly that wasn't a factor. I said at the time that all the focus on "cash plans" was an irrelevant distraction, and the resulting clarity of cash management hasn't helped the stock. Yes, long-term, the buyback will add to EPS by 10-15%, but 15% EPS growth over 3 years for a stock where growth is otherwise flat is not enough to get anyone interested. Think of it this way: if AAPL is at 490 in 2016 (+15% in 3 years), will anyone here be thrilled?
I am still long AAPL because I have been long AAPL since 2000. But it has definitely been hurting to see the market at all time highs and my investments sucking.
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Post by sponge on Jun 14, 2013 8:32:54 GMT -8
Now slowly working our way back to 432.
I think the buy back was designed to keep the stock from dropping further under 400 and building a base between 425-445. It is working. Apple understood eps growth would be challenged in 2013 given the margins. Wisely they waited for buy back after we dropped under 500. Now they can buy more while WS keeps of focusing on other stocks.
I am telling you 2 years from now we will be flirting with reaching that $1000 price point. The buying will help, but ultimately it will be margins and profit growth that will get us there.
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