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Post by lovemyipad on Sept 27, 2012 9:28:00 GMT -8
P.S. I bought more JAN'15 850/900 bull call spreads today. I am always, ALWAYS intermediate- and long-term bullish on AAPL.
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Post by rutgersguy92 on Sept 27, 2012 9:31:27 GMT -8
Jason Schwarz thinks this run-up is legitimate, and went from 100% cash to 80% yesterday, and to 38% today. He thinks hedgies are loading up in anticipation of Mini IPad announcement next week, and stock could be back to highs by Monday.
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Post by lovemyipad on Sept 27, 2012 9:35:21 GMT -8
Jason Schwarz thinks this run-up is legitimate, and went from 100% cash to 80% yesterday, and to 38% today. He thinks hedgies are loading up in anticipation of Mini IPad announcement next week, and stock could be back to highs by Monday. Jason has NAILED the last two turning points...570 and 705.
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Post by davidcv100 on Sept 27, 2012 9:35:41 GMT -8
Jason Schwarz thinks this run-up is legitimate, and went from 100% cash to 80% yesterday, and to 38% today. He thinks hedgies are loading up in anticipation of Mini IPad announcement next week, and stock could be back to highs by Monday. Good to hear, thanks for sharing.
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Mav
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Post by Mav on Sept 27, 2012 9:36:07 GMT -8
iPad, remind me to compare notes within the next week if it turns out I do have half a brain. Otherwise, never mind.
(Is it my "destiny" to be a momo trader? Sigh. Harder life, that one seems to be.)
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Mav
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Post by Mav on Sept 27, 2012 9:37:24 GMT -8
Going a little OT for a bit, I really would like to experiment with a BPS on GOOG...but I just can't bring myself to yet. That trend is ridiculously powerful, if parabolic.
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Mav
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Post by Mav on Sept 27, 2012 9:39:27 GMT -8
Jason Schwarz thinks this run-up is legitimate, and went from 100% cash to 80% yesterday, and to 38% today. He thinks hedgies are loading up in anticipation of Mini IPad announcement next week, and stock could be back to highs by Monday. Good to hear, thanks for sharing. "Next week"? That sounds like a stretch. Hedgies have their own rumor sites? Not saying anything about the strategy, only about the announcement bit.
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Post by rutgersguy92 on Sept 27, 2012 9:40:16 GMT -8
680!!!
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Mav
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Post by Mav on Sept 27, 2012 9:43:35 GMT -8
"Technically" *cough* the EMA-21 was 677 or so.
So while we just bounced off 680, I don't remember seeing a commandment that "thou must reclaimeth the technical level in an intraday reversal of 3% up from the low." Even though AAPL may reclaim it today.
Oh, right. Still trying to figure out if I have half a brain, which will probably have to wait until at least tomorrow. Back to staring blankly at some charts and stuff.
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Post by gtrplyr on Sept 27, 2012 9:44:39 GMT -8
Jason Schwarz thinks this run-up is legitimate, and went from 100% cash to 80% yesterday, and to 38% today. He thinks hedgies are loading up in anticipation of Mini IPad announcement next week, and stock could be back to highs by Monday. Jason has NAILED the last two turning points...570 and 705. I'm pretty glad I'm a buy and hold guy ..... this short term action is rough ! Good luck to all .....
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Post by rutgersguy92 on Sept 27, 2012 9:44:53 GMT -8
Shouldn't have used so many exclamation points. 680 didn't last long, but it'll be back.
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Post by rutgersguy92 on Sept 27, 2012 9:46:21 GMT -8
Jason Schwarz thinks this run-up is legitimate, and went from 100% cash to 80% yesterday, and to 38% today. He thinks hedgies are loading up in anticipation of Mini IPad announcement next week, and stock could be back to highs by Monday. Jason has NAILED the last two turning points...570 and 705. I'm pretty sure the guy manages money. Can you imagine the returns he provides his investors annually?
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Post by rutgersguy92 on Sept 27, 2012 9:49:48 GMT -8
I tweeted Scott about 11:00 this morning about the measured moved with the Red Dog Reversal. Here's what I got back: rutgersguy92 take trades. $667-668 should hold. If it were to continue today. $676-680 big resistance He's right about the "big resistance".
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Mav
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Post by Mav on Sept 27, 2012 10:00:09 GMT -8
I would add, resistance as defined intraday, and AAPL generally acts more like a tech leader than a super-high-beta stock, which is to say AAPL doesn't trade like YELP or something. So even if AAPL "stalls" at 677-680 the rest of the day, I don't really see it as a "game over" signal (without some trouble signal in there anyway). I mean, isn't that just consolidation, particularly if it's around or just above the EMA-21? Before I forget, big congrats to everyone who got some green along the way from 660-678 today! Wish I could've been there.
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Mav
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Post by Mav on Sept 27, 2012 10:03:39 GMT -8
Dear Yahoo! Finance front page:
The NYT anti-Apple piece is just over 8 months old.
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Post by traitorjoe on Sept 27, 2012 10:28:36 GMT -8
"I bought a boat load full of weekly puts just now. This is completely insane. No stock goes from 660 - 680 in a couple of hours w/o correction. We'll see what happens this PM."
Dear Plato - I know you have been around this stock for it's ups and downs and posted many insightful thoughts on price action etc. - but Apple has actually performed these type of severe acrobatics to both upside and downside over last 9 months many times and can go up $10 to $20 many days in a row, while also unfortunately mirroring same on the downside as we have seen last 3 days.
I believe JD provided a chart with EO Max pain showing we should land around $684.90 or so tomorrow -I still think this is best bet.
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Post by nate010203 on Sept 27, 2012 10:29:18 GMT -8
Is it safe to say that apple has reversed from its mini dip and going back to 700?
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Post by Red Shirted Ensign on Sept 27, 2012 10:33:50 GMT -8
European dinner report.....Spanish news today bolsters all financial presentations. Best European investments just got better....palpable relief in the room....wine flowed at dinner ( the good stuff).
Seriously... Everyone here is taking the challenges seriously....encouraging. "Reality is a partner at the negotiation table" states one of the presenters. Applause follows.
On to Bucharest....
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Post by rutgersguy92 on Sept 27, 2012 10:44:38 GMT -8
Shouldn't have used so many exclamation points. 680 didn't last long, but it'll be back. We're knocking on the door - again.
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Post by rutgersguy92 on Sept 27, 2012 10:44:57 GMT -8
Shouldn't have used so many exclamation points. 680 didn't last long, but it'll be back. We're knocking on the door - again. we have break-thru!
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Post by roni on Sept 27, 2012 10:47:11 GMT -8
I feel reasonably well healed about now
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Post by mjuarez on Sept 27, 2012 11:07:28 GMT -8
I feel reasonably well healed about now Same here. You know you're leveraged when your portfolio moves 15% in one day, on AAPL moving "just" 2.5%
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Post by trespif on Sept 27, 2012 11:17:31 GMT -8
obviously a great day, but i still worry this is an oversold bounce and panic buying. i still think a pin at 670 or 675 is likely tomorrow. historically, when we've had such dramatic selling pressure, we usually get a violent move up and then more selling.
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Post by Apple II+ on Sept 27, 2012 11:23:26 GMT -8
I feel reasonably well healed about now Same here. You know you're leveraged when your portfolio moves 15% in one day, on AAPL moving "just" 2.5% We should have a thread for that: "You know you're leveraged when..."
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Post by phoebear611 on Sept 27, 2012 11:28:04 GMT -8
part of this move can be window dressing as well - we'll see
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Post by sponge on Sept 27, 2012 11:30:25 GMT -8
European dinner report.....Spanish news today bolsters all financial presentations. Best European investments just got better....palpable relief in the room....wine flowed at dinner ( the good stuff). Seriously... Everyone here is taking the challenges seriously....encouraging. "Reality is a partner at the negotiation table" states one of the presenters. Applause follows. On to Bucharest.... My neck of the woods. Nice recovery today
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JDSoCal
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Post by JDSoCal on Sept 27, 2012 11:32:12 GMT -8
Can't say for sure until I see tonight's OI numbers, but that 680 sure seems significant (range last night was 670-674.99).
Today's rise did not surprise me in the least, not that my anxiety level was any lower waiting for it. EDIT: The fact that we didn't get much rise in pre-market suggests this was MM's, not retailers.
Looks as if we bounced up to get into pain range, but bounced too high, so now the MM's had to take us down back into it...
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Post by phoebear611 on Sept 27, 2012 11:41:12 GMT -8
Can't say for sure until I see tonight's OI numbers, but that 680 sure seems significant (range last night was 670-674.99). Today's rise did not surprise me in the least, not that my anxiety level was any lower waiting for it. Looks as if we bounced up to get into pain range, but bounced too high, so now the MM's had to take us down back into it... But the numbers are dynamic, no? They can swing around till tonight's close. Is it inconceivable that it ratchets up or down i.e. 675-680 versus 670-675?
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JDSoCal
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Post by JDSoCal on Sept 27, 2012 11:43:16 GMT -8
Can't say for sure until I see tonight's OI numbers, but that 680 sure seems significant (range last night was 670-674.99). Today's rise did not surprise me in the least, not that my anxiety level was any lower waiting for it. Looks as if we bounced up to get into pain range, but bounced too high, so now the MM's had to take us down back into it... But the numbers are dynamic, no? They can swing around till tonight's close. Is it inconceivable that it ratchets up or down i.e. 675-680 versus 670-675? "If the facts don't fit the theory, change the facts" -- Albert Einstein
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Post by phoebear611 on Sept 27, 2012 11:45:28 GMT -8
Google's Motorola Mobility subsidiary went looking for an address that didn't actually exist in an effort to artificially portray Apple's new iOS 6 Maps as deficient.... tinyurl.com/8hxooyrThis is really getting dirty.
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