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Post by terps530 on Jun 20, 2013 11:10:44 GMT -8
well yesterday + today is a 4% drop in the markets, and about 6-7% overall since the top. hoping that this the volatility and correction that everyone has been looking for. im gonna guess nothing goes back up right away, but in the end this is needed to get people who feel they missed out, get back in.
as for aapl, we've all said how we don't want to be in these crappy ranges when the market does tank, and yet we were, and now we are seeing the ugly result of that. bummer because it did look so close to get out of the funk last month.
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Post by sponge on Jun 20, 2013 11:17:35 GMT -8
well yesterday + today is a 4% drop in the markets, and about 6-7% overall since the top. hoping that this the volatility and correction that everyone has been looking for. im gonna guess nothing goes back up right away, but in the end this is needed to get people who feel they missed out, get back in. as for aapl, we've all said how we don't want to be in these crappy ranges when the market does tank, and yet we were, and now we are seeing the ugly result of that. bummer because it did look so close to get out of the funk last month. Well said. The market is now taking us down. Our stock is still owned by too many short term retail investors. It cont to be very volatile even with weak volume.
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Post by archibaldtuttle on Jun 20, 2013 11:29:22 GMT -8
Seems like the inverted head and shoulders I was counting on has turned into a lopsided hunchback bag of crap.
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Post by macwire on Jun 20, 2013 11:40:42 GMT -8
Escalator up. Elevator down.
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Post by moltenfire on Jun 20, 2013 11:47:14 GMT -8
Interesting Apple has not announced their Back to School 2013 sale yet. Historically they've announced it mid-June.
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Post by sponge on Jun 20, 2013 11:50:23 GMT -8
Interesting Apple has not announced their Back to School 2013 sale yet. Historically they've announced it mid-June. Maybe we will go up when they do.
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Post by ibuyer on Jun 20, 2013 11:57:20 GMT -8
Unless those options were puts. True Buy and Hold long term shares. Assuming NO leverage, what stock price will you need to make it back?
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Post by sponge on Jun 20, 2013 12:26:26 GMT -8
True Buy and Hold long term shares. Assuming NO leverage, what stock price will you need to make it back? If I did not buy one more share on margin from here on, I would reach the high of $700 in equity at $1700 a share. Obviously I would buy on margin as march towards that in the next 10 years and I will make 3x more at that point. Would use share buying power for small 20% investment in LEAPS and make much more. I am bearish for this year but next year the rocket will take off. We usually take two years to regain prior highs. So I expect $700 in Sept or Oct of next year. That would translate in eps of 48 with p/e of 15.
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Post by redinaustin on Jun 20, 2013 12:33:01 GMT -8
Jim Goldman has resurfaced on Twitter.
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Post by ibuyer on Jun 20, 2013 12:34:58 GMT -8
Assuming NO leverage, what stock price will you need to make it back? If I did not buy one more share on margin from here on, I would reach the high of $700 in equity at $1700 a share. Obviously I would buy on margin as march towards that in the next 10 years and I will make 3x more at that point. Would use share buying power for small 20% investment in LEAPS and make much more. I am bearish for this year but next year the rocket will take off. We usually take two years to regain prior highs. So I expect $700 in Sept or Oct of next year. That would translate in eps of 48 with p/e of 15. Pls consult a financial planner - if not for your sake, for your dependents.
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Post by cbingle on Jun 20, 2013 12:36:38 GMT -8
I am afraid AAPL is in a tough spot here. The treadmill of revenue and earnings they need just to stay even is huge. We (me included) forget how big these numbers are. $3.5 billion dollars PER WEEK in revenue...every week, every month, every year, just to stay even.
It has to be extremely exhausting for the guys in charge to maintain. The pressure post Steve has to be tough on it's own, let alone everyone in the world putting a spotlight on them. They are only human, regardless of how good they are at what they do.
I wish I would have thought this through better last September...STMF
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Jun 20, 2013 12:40:20 GMT -8
I had the honor of making the last post for Wednesday. Reposting because it might be important. It looks just as bad an hour and a half later. Thursday could be rocky. No Gregg, not that it's a big deal or anything, but to be totally accurate about it, I was the last post on Wednesday.
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Post by sponge on Jun 20, 2013 12:50:12 GMT -8
I am curios.
How many of you own shares and no options?
How long have you owned the shares for?
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Post by appledoc on Jun 20, 2013 12:50:44 GMT -8
WHEEEEEEEEEEEEEEEEEE
This stock is pure shit still. Unbelievable.
Right now it's 400 > 385 > 360s
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Post by rickag on Jun 20, 2013 12:55:14 GMT -8
Well I thought I would buy another 25 shares @ around 420.
I think I will wait.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jun 20, 2013 12:55:34 GMT -8
Interesting Apple has not announced their Back to School 2013 sale yet. Historically they've announced it mid-June. I think the new MacBook Airs are already irresistible! 12 hour plus battery life is truly renarkable.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Jun 20, 2013 13:10:27 GMT -8
Ben's comments yesterday were because the Market Indices were overheating and needed to be cooled off.
In the United States of Amnesia we'll all forget about by next week some time, and it'll be biz as usual. Don't stress.
Remember he didn't actually say anything definite. He just hinted, and the Markets went all super spazz.
See how these slimeballs get the best of both worlds? Absolute Genius!
AAPL turn around will be Fast & Furious, like the Movie, or the Residental Real Estate Market, or the US Gov't's donation of Guns to the Mexican Drug Cartels.
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Post by redinaustin on Jun 20, 2013 13:15:22 GMT -8
I am curios. How many of you own shares and no options? How long have you owned the shares for? Raises hand 1986 Initial purchase price 32 1/8
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Post by redinaustin on Jun 20, 2013 13:18:10 GMT -8
Ben's comments yesterday were because the Market Indices were overheating and needed to be cooled off. In the United States of Amnesia we'll all forget about by next week some time, and it'll be biz as usual. Don't stress. Remember he didn't actually say anything definite. He just hinted, and the Markets went all super spazz. See how these slimeballs get the best of both worlds? Absolute Genius! AAPL turn around will be Fast & Furious, like the Movie, or the Residental Real Estate Market, or the US Gov't's donation of Guns to the Mexican Drug Cartels. Like I said yesterday WS is like a whinry 2 yr. old. Oh, Uncle Ben please don't take our candy away, please, please Whaaaa
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Post by lovemyipad on Jun 20, 2013 13:20:53 GMT -8
Regarding the ongoing discussion on TA vs FA vs MP, I suspect we're all blind men trying to describe an elephant by touch. If you can apply both TA and FA, have developed a metric to track retail investor sentiment, know a source who has bugged the offices of the FED and the DOJ, drink regularly with institutional investment managers and hedge fund mavens, have a direct pipeline to Apple's product and marketing strategy, and can rely on a good psychic to warn you about black swan events, then you might be able to reliably predict future price action, if your judgement is sound. Then again, if your judgement isn't sound, you might still confuse the elephant for a tree. Love it!!!
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Jun 20, 2013 13:21:12 GMT -8
Ben's comments yesterday were because the Market Indices were overheating and needed to be cooled off. In the United States of Amnesia we'll all forget about by next week some time, and it'll be biz as usual. Don't stress. Remember he didn't actually say anything definite. He just hinted, and the Markets went all super spazz. See how these slimeballs get the best of both worlds? Absolute Genius! AAPL turn around will be Fast & Furious, like the Movie, or the Residental Real Estate Market, or the US Gov't's donation of Guns to the Mexican Drug Cartels. Like I said yesterday WS is like a whinry 2 yr. old. Oh, Uncle Ben please don't take our candy away, please, please Whaaaa Absolutely True.
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Post by calidagirl on Jun 20, 2013 13:38:33 GMT -8
Who was it that said something like this? "When the market is up, AAPL is killed, when it is down, AAPL is killed"?
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Post by lovemyipad on Jun 20, 2013 13:44:35 GMT -8
Well I thought I would buy another 25 shares @ around 420. I think I will wait. I bought @ 415.50
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Post by lovemyipad on Jun 20, 2013 13:51:16 GMT -8
Ben's comments yesterday were because the Market Indices were overheating and needed to be cooled off. In the United States of Amnesia we'll all forget about by next week some time, and it'll be biz as usual. Don't stress. Remember he didn't actually say anything definite. He just hinted, and the Markets went all super spazz. IMHO, the markets would have sold off no matter what he said. When the slope starts going vertical, this is what comes next. Just needed an excuse.
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Post by lovemyipad on Jun 20, 2013 13:57:05 GMT -8
This is the equivalent of saying "price is truth," which means nothing. It confers nothing of value to guide one's behavior in the context of buying or selling. It's the equivalent of saying "this is what should happen," and "this is what is happening."
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Deleted
Deleted Member
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Post by Deleted on Jun 20, 2013 14:03:24 GMT -8
Since Bernanke hinted that QE may be coming to an ed, I've been watching the Futures market AS IT RELATES TO US CONSUMERS (US$ DENOMINATED).
Just now it occurred to me that the US$ has been consistently at the very top of the Futures markets UP ~0.5%. This has not wavering. Virtually all other items are down. It looks ugly.
But if you think about it, bringing QE to an end is a good thing. Just thinking of doing that, the Fed is saying that further QE is not warranted, that concerns over inflation (a byproduct of a growing economy) are now getting more attention.
So why did the markets drop like they did? Its a relationship issue. The US$ is the currency that America uses to buy goods from around the WORLD. If the Dollar is now more valuable, then it will take less of them to buy products made elsewhere, hence the value of those items will go down, in relationship to the Dollar (which is going up).
For the last few years the US$ has been going down against all other hard currencies.
The only currency that has not lost ground to the US$ since Bernanke spoke is the Swiss Franc.
If my analysis is accurate, then we should see a rebound in US Indexes starting Monday after WS has had time to digest Bernanke's remarks.
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Post by po1nt on Jun 20, 2013 14:03:35 GMT -8
Well I thought I would buy another 25 shares @ around 420. I think I will wait. I bought @ 415.50 May I respectfully ask why?
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Post by Lstream on Jun 20, 2013 14:19:05 GMT -8
In after hours trading, we just crossed the line in the sand between $416.84 and $416.85. Is this a red dog reversal?
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jun 20, 2013 14:30:45 GMT -8
I am curios. How many of you own shares and no options? How long have you owned the shares for? Guilty as charged; purchase dates: 8MAY06 ;D 16MAR07 ;D 4JAN08 29FEB08 2OCT12
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Post by ericinaustin on Jun 20, 2013 14:43:07 GMT -8
Since Bernanke hinted that QE may be coming to an ed, I've been watching the Futures market AS IT RELATES TO US CONSUMERS (US$ DENOMINATED). Just now it occurred to me that the US$ has been consistently at the very top of the Futures markets UP ~0.5%. This has not wavering. Virtually all other items are down. It looks ugly. But if you think about it, bringing QE to an end is a good thing. Just thinking of doing that, the Fed is saying that further QE is not warranted, that concerns over inflation (a byproduct of a growing economy) are now getting more attention. So why did the markets drop like they did? Its a relationship issue. The US$ is the currency that America uses to buy goods from around the WORLD. If the Dollar is now more valuable, then it will take less of them to buy products made elsewhere, hence the value of those items will go down, in relationship to the Dollar (which is going up). For the last few years the US$ has been going down against all other hard currencies. The only currency that has not lost ground to the US$ since Bernanke spoke is the Swiss Franc. If my analysis is accurate, then we should see a rebound in US Indexes starting Monday after WS has had time to digest Bernanke's remarks. I think the remarks are important here but China may be the bigger scare. It is such a big market that is a lot less resilient than ours that problems can quickly turn into big disasters and the data out of china has sounded a bit scary for a few weeks now. Eric in Austin
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