Mav
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Post by Mav on Aug 8, 2013 0:22:25 GMT -8
Not too bad so far for AAPL, though it's still so early. If it weathers Friday well enough I might test longs over the weekend, of course depending on what I see.
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Post by phoebear611 on Aug 8, 2013 2:47:16 GMT -8
When I posted yesterday that we go XD today - I was corrected. Corporate websites including AAPL's never seem to be updated properly and had several sites and bloggers confused. Sloppy.
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Post by phoebear611 on Aug 8, 2013 3:01:52 GMT -8
Isn't tomorrow (August 9th) the day that AAPL is awaiting for the US Appeals Court to say whether Samsung products that violated patent will be banned. I thought I read somewhere that it was scheduled for tomorrow.
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Post by rutgersguy92 on Aug 8, 2013 3:59:06 GMT -8
What's the impact to option prices when AAPL goes ex-div today? Since the stock is adjusted down by 3 bucks or so, does the option also drop in price?
I haven't been messing with options for a while, so I forgot how this works. Thanks in advance.
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Post by chasmac on Aug 8, 2013 4:36:02 GMT -8
Isn't tomorrow (August 9th) the day that AAPL is awaiting for the US Appeals Court to say whether Samsung products that violated patent will be banned. I thought I read somewhere that it was scheduled for tomorrow. Yes. Foss article
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Post by podboy on Aug 8, 2013 4:46:38 GMT -8
Was AAPL up 3.05 yesterday??? I checked my phone and it said it was down .90
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Post by macglenn on Aug 8, 2013 5:13:20 GMT -8
When I posted yesterday that we go XD today - I was corrected. Corporate websites including AAPL's never seem to be updated properly and had several sites and bloggers confused. Sloppy. FYI Ex-Dividend date is an investor term. It is the date three market days before the Date of Record (corporate term), the date a company records its equity holders for dividend. Dividend payment date is one week after Date of Record. The three days represent the time it takes a stock purchase to clear in order to be a holder on Date of Record.
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Post by artman1033 on Aug 8, 2013 5:27:56 GMT -8
On March 26, 2013, the Company launched its radically simplified unlimited “Simple Choice” rate plan. Device financing with the Equipment Installment Plan (EIP) provides customers with low out-of-pocket costs on some of the most popular devices available in the US wireless industry. On April 12, 2013, T-Mobile began selling the iPhone at all company-owned stores in combination with the new Simple Choice service plan. Since the April 12th launch, iPhone sales have accounted for approximately 29% of T-Mobile's branded gross customer additions and upgrade smartphone sales, excluding MetroPCS. Additionally, T-Mobile also benefitted from strong sales of other smartphones, in particular the Samsung Galaxy S4. Total smartphone sales, including sales to branded prepaid customers, were 4.3 million units in the second quarter of 2013, equivalent to 86% of total units sold, up from 71% in the second quarter of 2012.from tweet: @waltbtig The Uncarrier sold 910k iPhones and 630k Galaxy S4 in Q2. $TMUS $AAPL
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Post by terps530 on Aug 8, 2013 5:31:41 GMT -8
What's the impact to option prices when AAPL goes ex-div today? Since the stock is adjusted down by 3 bucks or so, does the option also drop in price? I haven't been messing with options for a while, so I forgot how this works. Thanks in advance. ' It looks like the prices built in the dividend adjustment. I bought some Oct calls near end of day yesterday at around 464, and now with the aapl at 463.50-464 open, the calls are up, as if the price was 466ish.
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Post by macglenn on Aug 8, 2013 5:37:25 GMT -8
Anyone know why previous close for AAPL is showing 461.93?
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Post by podboy on Aug 8, 2013 5:45:39 GMT -8
Im not the only one! My phone said we were down .90 yesterday
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Post by phoebear611 on Aug 8, 2013 5:51:41 GMT -8
Anyone know why previous close for AAPL is showing 461.93? I believe that the previous night's close gets adjusted by the dividend amount.
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Deleted
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Post by Deleted on Aug 8, 2013 5:56:56 GMT -8
Anyone know why previous close for AAPL is showing 461.93? I believe that the previous night's close gets adjusted by the dividend amount. Yes. The ONLY thing that's efficient about the stock market
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Post by Red Shirted Ensign on Aug 8, 2013 6:03:51 GMT -8
Anyone know why previous close for AAPL is showing 461.93? I believe that the previous night's close gets adjusted by the dividend amount. That is correct
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Post by macwire on Aug 8, 2013 6:04:19 GMT -8
Red.
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Post by rutgersguy92 on Aug 8, 2013 7:08:45 GMT -8
What's the impact to option prices when AAPL goes ex-div today? Since the stock is adjusted down by 3 bucks or so, does the option also drop in price? I haven't been messing with options for a while, so I forgot how this works. Thanks in advance. ' It looks like the prices built in the dividend adjustment. I bought some Oct calls near end of day yesterday at around 464, and now with the aapl at 463.50-464 open, the calls are up, as if the price was 466ish. Thanks, Terps. I noticed the same thing at the open, and was able to cash a few Oct. 500's I bought yesterday for a slight profit.
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Post by rutgersguy92 on Aug 8, 2013 7:11:44 GMT -8
In the 5-min chart, looks like we're forming a bear flag. Anyone concur?
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stub
Member
The fix is in. Be patient. Don't panic.
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Post by stub on Aug 8, 2013 7:30:07 GMT -8
Isn't tomorrow (August 9th) the day that AAPL is awaiting for the US Appeals Court to say whether Samsung products that violated patent will be banned. I thought I read somewhere that it was scheduled for tomorrow. Yes. Foss articleWhen I read articles like this I'm always reminded of the phrase... "The denial of the refusal to quash the reversal of the motion to supress." Does anybody what all the legaleze in this Foss Article boils down to? And is it really THAT significant in the near term (with regrads to how it will affect AAPL's stock price?
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Post by rutgersguy92 on Aug 8, 2013 7:38:00 GMT -8
In the 5-min chart, looks like we're forming a bear flag. Anyone concur? Of course, after making this brilliant observation, AAPL proceeds to lift-off 459, and is now at 461.26.
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Post by rickag on Aug 8, 2013 8:10:16 GMT -8
Off topic, after spending the last 7 days in Portland MA returning to Texas makes me feel like those poor lobsters we steamed our last night in Portland. Absolutely brutally hot this heat is.
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Post by macwire on Aug 8, 2013 8:11:02 GMT -8
In the 5-min chart, looks like we're forming a bear flag. Anyone concur? Of course, after making this brilliant observation, AAPL proceeds to lift-off 459, and is now at 461.26. Div raiders sold and back to its composure. Looks like bullish open and bearish response couldn't push us under yesterday's lows on general indices. I got faked out too. No shame. Sold some runners as well when we reversed red. Risk management. Shrug. Still long some.
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Post by prazan on Aug 8, 2013 9:37:53 GMT -8
I believe that the previous night's close gets adjusted by the dividend amount. That is correct Am I correct in thinking that to get the non-dividend adjusted price we add $3.05, which as of the 1:35 pm price of 461.58 puts us basically even (461.58 + 3.05 = 464.63, about .10% below the preadjusted close of 464.98) with the unadjusted close yesterday?
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Mav
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Post by Mav on Aug 8, 2013 9:47:02 GMT -8
Well, yes, but it'll take some time for most of WS to move on from that point.
The intellectually honest way to look at AAPL now is to subtract $3.05 from all points of reference. Somehow I don't see that happening with many traders. Might not bother to adjust levels, moving averages.
At the same time three bucks shouldn't make that big a difference if AAPL crosses over 465 again.
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Post by artman1033 on Aug 8, 2013 9:50:43 GMT -8
Smartphones: T-Mobile said 21 percent of the carrier's 4.3 million smartphone sales in the quarter, or 903,000, were iPhones. T-Mobile reported on May 8 that it had sold 500,000 iPhones since it started selling the device April 12. T-Mobile said that since the April 12 launch, iPhone sales have accounted for around 29 percent of T-Mobile's branded gross customer additions and upgrade smartphone sales, excluding MetroPCS. The carrier also revealed it sold 600,000 units of Samsung Electronics' Galaxy S4 in the quarter. In total, T-Mobile said the 4.3 million smartphones sold represented 86 percent of all handset sales, up from 71 percent in the second quarter of 2012. The carrier said 72 percent of its branded postpaid base is now using a smartphone, compared to 54 percent a year ago.
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Mav
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Post by Mav on Aug 8, 2013 10:00:34 GMT -8
460-462 by Friday would be constructive. Good setup, can't say yet.
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Post by Red Shirted Ensign on Aug 8, 2013 10:04:15 GMT -8
460-462 by Friday would be constructive. Good setup, can't say yet. Let's see if we can move over 462.30 here. This is constructive. Divvy hunters have had their day, and now we return to a more fundamental buy/sell pattern (I hope). I'm looking across the board at Yahoo, Fideltiy, Stockcharts.com, etc. and the effect of the $3.05 "reduction" is mucking up all the lines...
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Mav
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Post by Mav on Aug 8, 2013 10:05:20 GMT -8
Not sure if StockCharts adjusted for the SMA-200...
...or ANY moving average for that matter...
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Deleted
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Post by Deleted on Aug 8, 2013 10:49:22 GMT -8
Something I suspected may be actually happening. What I suspected is that the JAN $550/$600 BCS is a hot ticket and accounts for the high Open Interest on both Strikes.
Currently JAN $550 Call Open Interest = 29,833 JAN $600 Call Open Interest = 57,663
Today's volume JAN $550 Call = 719 JAN $600 Call = 719
Cost on that $50 Spread is currently $3.20. 100 contracts cost $32,000 and could gross $500,000 in 6 months. Open Interest on the $600s is significantly higher (almost double) than the $550s.
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Post by prazan on Aug 8, 2013 10:58:05 GMT -8
Well, yes, but it'll take some time for most of WS to move on from that point. The intellectually honest way to look at AAPL now is to subtract $3.05 from all points of reference. Somehow I don't see that happening with many traders. Might not bother to adjust levels, moving averages. At the same time three bucks shouldn't make that big a difference if AAPL crosses over 465 again. Freestockcharts (I know, I'm cheap) hasn't made the adjustment yet. I wonder how many investors/traders look at the number and immediate assume Apple is showing relative weakness. Are you seeing $468.43 as the 200 EMA?
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Post by lance on Aug 8, 2013 11:22:58 GMT -8
I find Stochastics is one of the best technical tools to know when an AAPL swing is coming. Stochastics hit 99+ when it went over 470. That creates a short term high as there is now no more room to go up. Keep an eye on this technical. I have started using it that past few months and it is extremely helpful for determining approx. bottoms and tops
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