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Post by lance on Aug 14, 2013 8:08:43 GMT -8
Carl Icahn I guess he has a lot of pull. 500!!!
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Post by Deleted on Aug 14, 2013 8:09:17 GMT -8
Boom!
$500, nice to see you again.
And buh bye to all those selling at $500 -- go find another stock to gamble with, Icahn just closed the casino window on AAPL (at least for now).
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Post by macwire on Aug 14, 2013 8:09:40 GMT -8
Printed 500. Can't deal with cnbc floating positive guest after positive guest on cnbc now...
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Post by ericinaustin on Aug 14, 2013 8:09:47 GMT -8
And boom goes the dynamite!
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Post by lance on Aug 14, 2013 8:11:03 GMT -8
47 dollars in 3 sessions.
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Post by tuffett on Aug 14, 2013 8:13:27 GMT -8
Congrats to all. It's been a long time coming. We're not done yet, but I urge everyone to remain vigilant, especially when the new phones launch.
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Post by Red Shirted Ensign on Aug 14, 2013 8:14:44 GMT -8
47 dollars in 3 sessions. And still not anywhere near MSFT's trailing P/E (or plenty of other companies, of course)...and now we get to look AHEAD to increasing YOY earnings....dare I say it...maybe THIS quarter? In Edit...OMG..we now DO have a higher trailing P/E than Microsoft. Sorry...it wasn't long ago MSFT was at 14 and we were at 10...now within a nib of each other..
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Post by mace on Aug 14, 2013 8:16:27 GMT -8
Carl Icahn didn't single-handedly push up AAPL. He is the catalyst the speed up the process. Many technicians and chartists are already watching the 200-day SMA, once above, many jump in. He timed his tweets for maximum effect. Much better timed than David Einhorn.
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Post by doublerainbow on Aug 14, 2013 8:20:26 GMT -8
Congrats to all. It's been a long time coming. We're not done yet, but I urge everyone to remain vigilant, especially when the new phones launch. good thing they are not launching until 9/10
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Mav
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Post by Mav on Aug 14, 2013 8:30:24 GMT -8
Whew. Day traded out green luckily. OK, no more moves until end of day.
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Post by Deleted on Aug 14, 2013 8:38:24 GMT -8
icahn is just 1 of many larger-ish shareholders who're pressuring the company to return value to sh. he just happened to tweet/go public about it and drive the stock up. i'm ok with that until his stake in aapl is over 1% wonder what his next tweet's going to be..... Stakes like that aren't sold on the open market. They are negotiated block trades with other whales (or wannabe whales).
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Post by Red Shirted Ensign on Aug 14, 2013 8:45:16 GMT -8
I'm very encouraged by the volume and the nice basing at 503...plenty of interest in the stock as it digests 500...
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Post by Zeke on Aug 14, 2013 8:49:27 GMT -8
DROPPED. Wow. Thanks for the link! This surprises me. The S4 was still likely one of their top selling phones. Feels like a Japanese carrier make a quasi-political decision to support Japanese manufacturers. It's more than political. If I remember correctly there's historically a great deal of animosity between the two cultures. But in other news, imagine my surprise after a week vacationing in the Canadian outback with no cell or internet service, when I got back to the US and fired up my iPhone yesterday afternoon. ;D
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Post by appledoc on Aug 14, 2013 8:51:05 GMT -8
Sold my Jan spreads for a double. Holding my commons for now.
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Post by Deleted on Aug 14, 2013 8:52:01 GMT -8
+1. AAPL might trade closer to its fundamentals now that short interest is puking in the woodshed. Icahn to retail and institutional buyers: Come on in, the water is fine. All the people selling at $490 will be fuel for more buying at $520+. If there's one truism in the stock market, is that retail buyers have short memories and will chase a stock every single time. I'm one of those. I sold my Aug Week 4 $470/$475 BCS yesterdaY at $2.42. Current BXA is $4.35 X $5.50. I got back in this morning AUG Week 4 $495/$500 at $2.25. So essentially I traded my $470/$495s for $495/$500s. These are currently trading for $2.86. Sell order in at $4.10. By then I think current excitement will have lost its luster, and I'll invest in deep-in-the-money Calls looking for about 15%/week returns until end of September. I'm then expecting the kind of earnings run up we became used to prior to FY2013.
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Mav
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Post by Mav on Aug 14, 2013 9:05:37 GMT -8
It's nice to finally be able to catch some lightning in a bottle for my battered portfolio. When you get away with a lucky trade (though the gains were hobbled by a bad mobile connection), you're given a chance to renew discipline for the next trade, so that what I'll try to do. Also helps that I'm getting close to my "day trade" quota for the week...OMG, the shackles they place on options traders. AAPL really _is_ starting to get "parabolic" in the sense of hyper-momentum. It's pretty much filled in the post-earnings gap by the metric of intraday low. Time for me to be extra careful (which for me is "only partly reckless" )
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aapldamus
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Post by aapldamus on Aug 14, 2013 9:57:44 GMT -8
So this morning put in a triggered order if last price was 508 to sell my Sept bull call spreads at a limit of $9.25. It didn't trigger, but I also decided not to put an alarm clock today. Just wokeup, and immediately sold the spreads at $8.70 (with AAPL in the $499s) -- all filled. This has been a losing position (massive) for last couple months and got out finally with small loss. Might wait until near EOD friday to pick up another position (much smaller) for a September or October play.
edited: fixed numbers still half asleep
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Post by Deleted on Aug 14, 2013 9:57:59 GMT -8
+1. AAPL might trade closer to its fundamentals now that short interest is puking in the woodshed. Icahn to retail and institutional buyers: Come on in, the water is fine. All the people selling at $490 will be fuel for more buying at $520+. If there's one truism in the stock market, is that retail buyers have short memories and will chase a stock every single time. I'm one of those. I sold my Aug Week 4 $470/$475 BCS yesterdaY at $2.42. Current BXA is $4.35 X $5.50. I got back in this morning AUG Week 4 $495/$500 at $2.25. So essentially I traded my $470/$495s for $495/$500s. These are currently trading for $2.86. Sell order in at $4.10. By then I think current excitement will have lost its luster, and I'll invest in deep-in-the-money Calls looking for about 15%/week returns until end of September. I'm then expecting the kind of earnings run up we became used to prior to FY2013. 15% per week?? A little aggressive don't you think...you seem to have lots of cash with your hoard of cars, why go for the lottery tickets like this? Personally I think have more risk when you're younger and dial down the risk as the portfolio grows and you get older. Thats just my plan though, to each their own.
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Post by podboy on Aug 14, 2013 10:30:44 GMT -8
I have to learn that when I'm about to throw in the towel and quite AAPL for good. It's time to buy more. Especially when I get that sick feeling in my stomach. Forget buy the f'in dip, buy when I have f'in depression.
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Mav
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Post by Mav on Aug 14, 2013 10:30:52 GMT -8
There's paper trading, light trading, and real trading. You can't trade for a lifetime with lottery ticket bets all day. And I'm not saying anyone here does - I sure hope they don't.
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Post by Red Shirted Ensign on Aug 14, 2013 10:34:47 GMT -8
Here comes the 2:14 P.M. push...like clockwork.
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Mav
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Post by Mav on Aug 14, 2013 10:38:02 GMT -8
2:14PM, huh? What's with that?
Miiiiight add on a smaller speculative trade end of day if 500 holds up. Might try a put play or two on AMZN, GOOG as well.
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Post by Red Shirted Ensign on Aug 14, 2013 10:52:49 GMT -8
2:14PM, huh? What's with that? Miiiiight add on a smaller speculative trade end of day if 500 holds up. Might try a put play or two on AMZN, GOOG as well. I claim no brilliance or knowledge but if you check the charts AAPL will often consolidate and then make a move up around 2-2:15 P.M Eastern Time on an up day. I've traded it a few times. If I'm going to buy, I'll do it right befoe then (did today, actually). From now on I'm sure it won't work anymore...but we lemmings like patterns.
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Post by doublerainbow on Aug 14, 2013 11:30:48 GMT -8
bought some more common at 500, i liked the nice round number . my last buy was at 465 so i've a little cushion. just couldn't resist. ): fingers crossed
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Post by prazan on Aug 14, 2013 11:59:44 GMT -8
We opened at 497.91. For the short term, it might be good to close above that opening number.
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Post by Deleted on Aug 14, 2013 12:40:56 GMT -8
i have a logistics question about what happened yesterday. So icahn tweets at 2:21PM EST yesterday. What causes the BxA to instantly jump. The initial pop I'm talking about. You see it all the time on earnings releases as well. Are trading systems that smart and fast to interpret a tweet, decide it's really good, and then make the market at that higher BxA? If you tweet and hit GO on a big buy program overwhelming the order flow, just at the moment when lots of traders are starting to shift out of their longs and the more aggressive ones into shorts, people are going to start scrambling and try to find the reason for the move which is counter to expectations. They attribute it to the tweet, and assign far greater importance to the sender of the tweet. Then, when everyone is scrambling and saying how significant you are and how your words are worth following, you calmly unload into the panic and then count your profits. Several days later those that got in too late are left scratching their heads, wondering why the stock is now going down and they're carrying a loss, when it all seemed so great just a short while ago. And, of course, this is all entirely legal if you are one of the chosen few.
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Mav
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Post by Mav on Aug 14, 2013 12:41:28 GMT -8
Nothing too compelling for me, SPY looks very interesting but I'll risk waiting to see if it makes new lows this uptrend/sideways trend. Just "took home" a little extra cash (though i suppose I have to take it out of my trading account to actually lock in any gains ;D) and very, very happy and thankful with the modest progress of my li'l portfolio.
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Mav
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Post by Mav on Aug 14, 2013 12:56:50 GMT -8
Oh, and congrats yet again to the longs today!
Still a long path to recovery for me.
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aapldamus
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Post by aapldamus on Aug 14, 2013 13:05:48 GMT -8
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Mav
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Post by Mav on Aug 14, 2013 13:20:30 GMT -8
Some weakness after hours.
My Jan 14 butterfly doesn't really care. It would welcome some sideways. ;D
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