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Post by appledoc on Aug 19, 2013 1:23:53 GMT -8
Here we go again. Up 2+ points PM. I see this move getting up to around 515 this week before a pullback to the upper 470s. That's when you load up.
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Post by macwire on Aug 19, 2013 4:38:10 GMT -8
There's this cool new inverse market etf. Symbol aapl...ever heard of it? It's been true all year ...
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Post by awcabot on Aug 19, 2013 5:20:25 GMT -8
Here we go again. Up 2+ points PM. I see this move getting up to around 515 this week before a pullback to the upper 470s. That's when you load up. Do you say the upper $470s because that is where the 200d SMA may be or are you looking at some other pattern?
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Post by PikesPique on Aug 19, 2013 5:21:12 GMT -8
Doc,
Since my shares got called away this time, I would love to see 470s so I can reload.
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Post by phoebear611 on Aug 19, 2013 5:39:57 GMT -8
Doc,
Add my question to the list of questions above which is- are we not still in an "if/then scenario" so that depending on the voracity or lack thereof that 515 gets taken out will determine higher still or the retrace, no?
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Post by rickag on Aug 19, 2013 5:41:18 GMT -8
Appears we got ignition, waiting on liftoff.
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Post by macwire on Aug 19, 2013 5:44:34 GMT -8
I'm scaling some. RSI very high. Granted never an indicator in and of itself to sell but I've come a long way. Covering my basis and letting remainer run ...
Good luck everyone!
::RSI on daily::
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Post by rob_london on Aug 19, 2013 6:18:16 GMT -8
I like Mondays.
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Post by doublerainbow on Aug 19, 2013 6:20:58 GMT -8
darn, should've put in a buy order at $505 at the open like I had wanted to do all weekend but i chickened out. lol oh well, i'm buying little by little every $10 or so, makes me sane that way.
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Post by macwire on Aug 19, 2013 6:28:51 GMT -8
Monday after traditional op ex has historically been a bankable pattern. Fwiw.
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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 19, 2013 6:34:24 GMT -8
Sold my Apr '14 550/575 Calls @ 6.90. Purchased them a week ago @ 6.00. Now I'm going to wait for a pullback for an opportunity to entry, going to try something more aggressive if AAPL pulls back to 480s before Sept 10th event.
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Post by rickag on Aug 19, 2013 6:48:02 GMT -8
Bought 25 more shares @ 511.25 and put a stop limit in for 507.25 for 50 shares. This covers the 25 shares I bought @ 500.81 with $1 dollar to spare.
If we drop OK, but if we continue through the week up I will raise my stops limits and reduce the share count sold to give me free shares.
AAPL All Time High
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Post by doublerainbow on Aug 19, 2013 6:59:17 GMT -8
where is the next resistance?
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Post by nagrani on Aug 19, 2013 6:59:56 GMT -8
515
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Deleted
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Post by Deleted on Aug 19, 2013 7:01:27 GMT -8
Nice to see strong open to soften up the influence of OI. Sentiment/Event > Max Pain > TA
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Post by macwire on Aug 19, 2013 7:02:54 GMT -8
Eyeing 515 to lighten up some more
Wondering if we are going to have a parade of price target upgrades...
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Post by doublerainbow on Aug 19, 2013 7:06:07 GMT -8
Thanks! I put a limit of 50 shrs at 510, hoping it would soften during lunchtime.
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Mav
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Post by Mav on Aug 19, 2013 7:19:03 GMT -8
Tricky spot for me personally.
Sold butterflies $3-4 too early. Bought a smaller weekly strangle (515 call/510 put) to "learn" and stay involved while trying to figure this out.
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Post by nagrani on Aug 19, 2013 7:29:56 GMT -8
The market sentiment has shifted. Think of that scene from superman III when superman comes back with his powers. The market leader has finally gotten its grove back. With new revenue vehicles on the short term horizon coupled with the fact that apple is paying a 2.7% divvy when they could be borrowing at 2% and retiring shares (to avoid 2.7%) I saw sit back and enjoy the ride.
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Post by terps530 on Aug 19, 2013 7:30:05 GMT -8
Nice to see strong open to soften up the influence of OI. Sentiment/Event > Max Pain > TA ooo you're asking for it with that statement!
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Deleted
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Post by Deleted on Aug 19, 2013 7:31:05 GMT -8
Monday after traditional op ex has historically been a bankable pattern. Fwiw. For the past few weeks Calls have exercised on opex in greater numbers than preJuly earnings. This is the mechanism (in my opinion) that has held AAPL back on Fridays, as shares are being transferred at the highest, in the money, strike. On Monday the selling pressure no longer exists, which explains (to me) the pop that Monday brings.
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Deleted
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Post by Deleted on Aug 19, 2013 7:34:03 GMT -8
Nice to see strong open to soften up the influence of OI. Sentiment/Event > Max Pain > TA ooo you're asking for it with that statement! Why?
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Post by macwire on Aug 19, 2013 7:54:27 GMT -8
Monday after traditional op ex has historically been a bankable pattern. Fwiw. For the past few weeks Calls have exercised on OPEC in greater numbers than preJuly earnings. This is the mechanism (in my opinion) that has held AAPL back on Fridays, as shares are being transferred at the highest, in the money, strike. On Monday the selling pressure no longer exists, which explains (to me) the pop that Monday brings. Yup agree. Anyone else cautious of the RSI warning signs here?
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Post by appledoc on Aug 19, 2013 8:00:04 GMT -8
470s would be the likely pullback for my favored scenario right now. I hit my sell limit at 510 this morning. Entry was 472.
So my last common trades have been:
1. In 399, out 419. 2. In 442, out 456. 3. In 471, out 510.
And my Jan 14 550/560 in 1.05, out 2.15.
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Post by terps530 on Aug 19, 2013 8:27:40 GMT -8
ooo you're asking for it with that statement! Why? i was expecting some bashing from doc for the underlined portion: Sentiment/Event > Max Pain > TAedit: i'm going cautious mode for a bit here. I had some open ended Jan14 530 calls that are back in business, and I sold 1 and closed the others off with Jan 550s. I'm also eyeing an oct put spread to capture a small pullback, but haven't pulled the trigger yet. I am sitting on a lot more cash than I had a month ago from some nice in/out moves, so I am very happy about that and have no problem playing it conservative a bit based on some TA and the sheer run we've had at the moment. Still not sure though since an event will be soon and an announcement will be sooner.
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Deleted
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Post by Deleted on Aug 19, 2013 8:35:27 GMT -8
Oh, well put a "&" between the two for any emotional attachment.
I would LIKE to say FA trumps everything, but it's true part of the time given the shenanigans in the market and the fact there are so many who don't know a balance sheet from an income statement, and that includes analysts and talking heads.
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chinacat
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AAPL Long since 2006
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Post by chinacat on Aug 19, 2013 8:38:01 GMT -8
From PED today: CIRP survey: Where Apple and Samsung get their customers"Twenty percent of Apple's (AAPL) iPhone customers over the past year were switching from an Android phone, but only 7% of Samsung buyers had previously owned an iPhone, according to a new study released to Fortune by Consumer Intelligence Research Partners."
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Deleted
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Post by Deleted on Aug 19, 2013 8:59:05 GMT -8
iOS7 beta 7 being released today. Beta 6 was an intermediary beta release it turns out. Still, we're getting very, very close to GM. It's all about hardware being ready, not software. Mavericks should be ready too, but I'm thinking now we get it on Sept 10 (maybe for a MacPro -- new promotional spots says "...this fall"). bgr.com/2013/08/19/ios-7-release-date-beta-7-download/
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Post by rickag on Aug 19, 2013 8:59:22 GMT -8
Was making lower highs, glad buyers stepped in and broke through to a higher high on the 1 minute chart, also broke my descending trendline I had drawn.
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Post by Deleted on Aug 19, 2013 9:00:35 GMT -8
THIS is what I think the gold iPhone will look like. Perfect.
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