Mav
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Post by Mav on Aug 14, 2013 23:13:56 GMT -8
I wonder where AAPL's headed today. No seriously, I'm clueless.
Will AAPL break above 500 by Friday? That just might be the sign I need to *sigh* try yet another all-too-speculative trade, even though the law of averages only allows one to press one's luck so often without (an even higher risk of) dire consequences...
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Deleted
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Post by Deleted on Aug 15, 2013 1:44:55 GMT -8
China Mobile's (CHL) negotiations with Apple (AAPL) over a deal for the Chinese company to sell iPhones and iPads have been progressing well and both companies are optimistic about coming to an agreement, China Mobile Chairman Xi Guohua has said. "Both sides sounded keen," Xi said after the company unveiled H1 results.
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Post by phoebear611 on Aug 15, 2013 2:09:35 GMT -8
Here are the bullet points from Seeking Alpha that burgess is referring to: China Mobile Chairman upbeat about possible Apple deal
China Mobile's (CHL) negotiations with Apple (AAPL) over a deal for the Chinese company to sell iPhones and iPads have been progressing well and both companies are optimistic about coming to an agreement, China Mobile Chairman Xi Guohua has said. "Both sides sounded keen," Xi said after the company unveiled H1 results. China Mobile is the only operator in the country that doesn't have a deal with Apple to sell its devices. With Apple's sales in Greater China slumping 43% in FQ3, pressure growing about the lack of innovation, and Carl Icahn agitating for an immediate stock buyback, a deal with China Mobile would probably provide a welcome boost to Apple
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Post by phoebear611 on Aug 15, 2013 2:26:58 GMT -8
I know how we all feel about Cramer but you KNOW he has his minions. On his show, Mad Money last night he was touting Carolyn Boroden of FibonacciQueen.com (I thought LMIP was the Fibonacci Queen?!). He said that based on her work $386-395 was the bottom and htat the stock changed course from there. She (Boroden) believes AAPL made a double bottom when it retested the April lows at the end of June. Then she points to the crossing of the 5 day EMA over its 13 day moving average. Then the 50 day crossing over the 200 day. These are all very positive signs for any Fib chartist. She also feels that AAPL has rallied further over a longer period of time than in every other rally since the stock peaked last September. Boroden fells that this move is very different and very real. She thinks AAPL trades to $582 and if it breaks above that level we can see an all time high at $792. Cramer then pointed out that Europe is doing much better and a global recovery could generate significant upside for this stock. His recommendation was, "I think you can scale into a position on any weakness. It's a cheap stock."
(This was all paraphrased from CNBC website and from what I can remember from viewing his comments.)
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Post by phoebear611 on Aug 15, 2013 2:35:18 GMT -8
APPLE PT RAISED TO $525 FROM $475 AT RBC; REITERATED OUTPERFORM
I REALLY need to get a job as an analyst - this is stupid already! People actually get paid to say this crap.
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aapldamus
Member
"Miss Cleo ain't got NOTHING on me!"
Posts: 64
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Post by aapldamus on Aug 15, 2013 2:57:33 GMT -8
APR 13 550/575 BCSs look tasty. If picked up @ 5.95, can sell by Sept 25th with AAPL at $550 for 90.5% gain. If trade goes south can likely exit by November with AAPL at $500 for breakeven.. If Thursday is a down day, i'll bite.
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Deleted
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Post by Deleted on Aug 15, 2013 3:07:33 GMT -8
APPLE PT RAISED TO $525 FROM $475 AT RBC; REITERATED OUTPERFORM I REALLY need to get a job as an analyst - this is stupid already! People actually get paid to say this crap. Its all a big joke I agree - changing PT based on nothing more than a price rise/fall (and not on any fundamental change) is just flunky.
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Deleted
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Post by Deleted on Aug 15, 2013 3:08:25 GMT -8
APR 13 550/575 BCSs look tasty. If picked up @ 5.95, can sell by Sept 25th with AAPL at $550 for 90.5% gain. If trade goes south can likely exit by November with AAPL at $500 for breakeven.. If Thursday is a down day, i'll bite. Best of luck!
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Deleted
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Post by Deleted on Aug 15, 2013 4:10:37 GMT -8
Walter issacson guest host on cnbc this morning - they really turning up the Apple coverage.
A little bit of negative spin about the buyback, saying if they are giving all this money back then they don't have any good ideas to spend it on. I would like someone to point out that Apple managed to invent all its great market creating/leading products - the Apple II, the Mac, the PowerBook, the Newton, the iPod, the iTunes Store, the iPhone, the App Store, the iPad - with only a couple of billion (or often less) in the bank.
I've always been a big pusher of Apple doing a huge share buyback (I always suggested using 200 billion minimum and trying to halve the share count), so I'm very much on team iCahn in that regards, but the complete opposite would have also been amusing - just letting all the excess cash pile up for a decade to a half trillion dollars and making a statement about how success is truly measured in the business world. Although looking at what is already occurring with the DoJ cases and US congress tax grandstanding I think it would be safer for apple to distribute its cash before it becomes an even bigger target for judicial and legislative trolls.
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Post by macwire on Aug 15, 2013 4:30:20 GMT -8
Futures are weak.
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Deleted
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Post by Deleted on Aug 15, 2013 4:43:56 GMT -8
New US unemployment claims number was at a 6 year low. Good news for America, but encourages Fed tapering to begin, which is bad for equity market (apparently).
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aapldamus
Member
"Miss Cleo ain't got NOTHING on me!"
Posts: 64
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Post by aapldamus on Aug 15, 2013 4:44:47 GMT -8
Nice day to load up while AAPL still in the 400s perhaps. Once we cross the 505 bridge, I think we wont see 400s (hopefully for a long time, if ever!)
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Post by macwire on Aug 15, 2013 5:26:51 GMT -8
Should be a telling open for composure purposes. Good luck to the longs!
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Post by lovemyipad on Aug 15, 2013 5:35:28 GMT -8
Heads up! We have a potential island top...
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aapldamus
Member
"Miss Cleo ain't got NOTHING on me!"
Posts: 64
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Post by aapldamus on Aug 15, 2013 5:39:52 GMT -8
APR 13 550/575 BCSs look tasty. If picked up @ 5.95, can sell by Sept 25th with AAPL at $550 for 90.5% gain. If trade goes south can likely exit by November with AAPL at $500 for breakeven.. If Thursday is a down day, i'll bite. Got in at $6.00, now stress is greatly reduced! (sold my september call spread yesterday) and got these guys to give me more time.
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Post by macwire on Aug 15, 2013 5:43:14 GMT -8
Spy out of its mini wedge. Breaking to the downside. Aapl about to push green
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Post by macwire on Aug 15, 2013 5:51:36 GMT -8
I take the blame for the aapl is green comment. That one is on me lol.
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Deleted
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Post by Deleted on Aug 15, 2013 6:47:41 GMT -8
Heads up! We have a potential island top... When do we know if this is invalidated?
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Post by Odd-Lot Richard on Aug 15, 2013 7:10:35 GMT -8
I know how we all feel about Cramer but you KNOW he has his minions. On his show, Mad Money last night he was touting Carolyn Boroden of FibonacciQueen.com (I thought LMIP was the Fibonacci Queen?!). … (This was all paraphrased from CNBC website and from what I can remember from viewing his comments.)I caught the Cramer bit yesterday. I found the use of Fibonacci ratios on time the most interesting—I hadn't realized the fine Fib folks used that.
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Post by nagrani on Aug 15, 2013 7:43:11 GMT -8
I think we are in a wave 4 golden cross island threesome
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Deleted
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Post by Deleted on Aug 15, 2013 7:45:10 GMT -8
I think we are in a wave 4 golden cross island threesome In the arcane world of TA, that could even exist y'know...
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Post by gtrplyr on Aug 15, 2013 7:51:38 GMT -8
I'm waiting for the voodoo dolls to come out ...
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Post by nagrani on Aug 15, 2013 7:53:17 GMT -8
All the technical stuff pails in comparison to just new stuff coming from apple and the markets anticipation of it
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Post by Red Shirted Ensign on Aug 15, 2013 8:20:19 GMT -8
All the technical stuff pails in comparison to just new stuff coming from apple and the markets anticipation of it We "know" a tremendous amount more than we knew even two weeks ago. The September event is REAL, which means iOS7 is ready to go and new handsets are ready to go. We also KNOW that China Mobile's boss is making pleasant comments about Apple and both parties being "keen" to make something happen. We KNOW major investors think Apple is an undervalued company and are actively buying. We KNOW that Apple's market shares have held absolutely steady or slightly grown despite the dearth of new product in the past nine months. What do we strongly suspect but don't "know"? A ton more, ranging from low cost phones to new thin bezel ipads to more share buybacks to likely YOY earnings comparisons that are swinging in a highly advantageous way..buoyed by the impact of the share reduction. We KNOW that Apple has made an acquisition in the TV space and is hiring engineers for the Iwatch... Man, we Know a lot and we suspect a lot more.... Looking good to me...and to others, it seems.
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Post by Red Shirted Ensign on Aug 15, 2013 8:21:52 GMT -8
500 continues to be the cat's plaything today....Let's get through 505 ...
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Post by Red Shirted Ensign on Aug 15, 2013 8:26:03 GMT -8
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Post by rutgersguy92 on Aug 15, 2013 8:43:53 GMT -8
Walter issacson guest host on cnbc this morning - they really turning up the Apple coverage. A little bit of negative spin about the buyback, saying if they are giving all this money back then they don't have any good ideas to spend it on. I would like someone to point out that Apple managed to invent all its great market creating/leading products - the Apple II, the Mac, the PowerBook, the Newton, the iPod, the iTunes Store, the iPhone, the App Store, the iPad - with only a couple of billion (or often less) in the bank. I've always been a big pusher of Apple doing a huge share buyback (I always suggested using 200 billion minimum and trying to halve the share count), so I'm very much on team iCahn in that regards, but the complete opposite would have also been amusing - just letting all the excess cash pile up for a decade to a half trillion dollars and making a statement about how success is truly measured in the business world. Although looking at what is already occurring with the DoJ cases and US congress tax grandstanding I think it would be safer for apple to distribute its cash before it becomes an even bigger target for judicial and legislative trolls. It was Issacson who caught Cramer's ear at a speaking engagement at Bucknell last year, where he told Cramer that Apple has nothing left, because that's what SJ told him. Not sure how much this contributed to Cramer's turn on AAPL (he did mention this on his show), but it did. I'm sure they spoke, but I'm not so sure SJ would spill the beans, even if it had a wild ass chance of even being true.
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Mav
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Post by Mav on Aug 15, 2013 8:52:01 GMT -8
Heads up! We have a potential island top... Could also be sideways . Level by level.
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Mav
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Post by Mav on Aug 15, 2013 8:53:07 GMT -8
If 489 is the best bears can do for now, that shows major commitment.
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Post by macwire on Aug 15, 2013 9:05:12 GMT -8
If 489 is the best bears can do for now, that shows major commitment. Very constructive. Level to measure against on a deep red day.
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