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Post by appledoc on Aug 30, 2013 1:58:11 GMT -8
Three day weekend coming up. iPhone announcement likely on Tuesday. Looking for an afternoon rally. Hoping MACDh flips today so I can jump back in.
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Post by phoebear611 on Aug 30, 2013 2:44:58 GMT -8
Doubtful anything will happen on the international front today with the US given that Britain voted not to strike Syria - and Israel also announced they would not join in the strike. Seems like there will be many weekend meetings and discussions and I'm not even certain there will be a response from the Oval Office till after Labor Day. So I'm hoping the negativity of the whole enigmatic situation doesn't affect markets very much today. That being said, many moves will be exaggerated this afternoon as most trading desks have a skeleton crew on today and trading will be thin..hence liquidity a bit dried up especially as the day goes on (and quite frankly, probably all day long). We're up a bit here in PM but I haven't checked the PIN for today...which may also come into play.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 30, 2013 3:18:00 GMT -8
Last I looked the PIN was at $495.
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Post by Iceage on Aug 30, 2013 3:58:01 GMT -8
$400 - $500 according to Rachel @sassy_SPY (Twitter): $AAPL OI - same range 490 to 500 stks.co/egsB
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Post by Nevyn on Aug 30, 2013 5:06:01 GMT -8
$400 - $500 according to Rachel @sassy_SPY (Twitter): $AAPL OI - same range 490 to 500 stks.co/egsBTypo in first line?
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Post by Red Shirted Ensign on Aug 30, 2013 5:27:12 GMT -8
I know nothing...of course.. But the invitations are going to go out next Tuesday or maybe Wednesday. But no later. We know that the new iOS is coming along beautifully and there are tech pundits of some notoriety ( Siegler, Gruber, and others) who are giving clear indications that there is more here for good developers than meets the eye. When the true power of iOS 7 is unlocked, it will be stunning. They can't wait to write about it openly and speculate on its direction. We know the hardware is not only solid, welll-built and functional, but it is rapidly regaining the "wow" factor due to the attractiveness of the champaign 5s and the color/newness/ bling of the likely 5c. Leaks may be publicly damned, but the past few weeks of leaks, hints, winks and yeps have frozen the competition in place. The news cycle belongs to Apple now until launch weekend ( sept 20 probably). The new buyback programs launching everywhere, including Apple stores, will accelerate sales of millions of units.... Then new iPads come in October.....thinner, faster, lighter. Right now the upside story is so far ahead of any downside aspect, I'm going in this morning with September 500/540 and October 520/550 call spreads. I've been laying the groundwork for this for a while. Time to "engage" as a famous captain used to say.....
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Post by Iceage on Aug 30, 2013 5:32:50 GMT -8
$400 - $500 according to Rachel @sassy_SPY (Twitter): $AAPL OI - same range 490 to 500 stks.co/egsBTypo in first line? Follow @sassy_SPY
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Post by lance on Aug 30, 2013 5:48:12 GMT -8
Will the 20 day MA hold?
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Post by osx10 on Aug 30, 2013 6:32:25 GMT -8
I think you're right Red!
Looking for a long weekend risk off dumping this pm for a Poorman entry thru invitations being sent.
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Post by lance on Aug 30, 2013 6:40:16 GMT -8
Look for heavy dip if 487 ie 20 MA is breached next area of potential safety is 467 gap and 200MA at 465.
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Post by terps530 on Aug 30, 2013 7:24:21 GMT -8
Look for heavy dip if 487 ie 20 MA is breached next area of potential safety is 467 gap and 200MA at 465. seems to be teetering on it now. still, as it is such a quiet day, i'd expect any drop that happens today gets negated on Mon/Tues
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icam
Member
Posts: 447
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Post by icam on Aug 30, 2013 8:09:42 GMT -8
Interesting data point from Horace Dediu (link is to his Tweet) on Apples spending on PP&E. They're spending BIG $ on it.... pbs.twimg.com/media/BS7G1MTIcAAx4Hq.png:large/photo/1 edit: Apologies. I tried to get the links to work, but copy and paste isn't working. And, the image won't paste either.
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coma
Member
Posts: 522
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Post by coma on Aug 30, 2013 9:47:38 GMT -8
Apologies. I tried to get the links to work, but copy and paste isn't working. And, the image won't paste either. I opened both links in to new windows, so it worked for me . . . thanks.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Aug 30, 2013 11:00:33 GMT -8
Anyone thinking as I about this? Apple wouldn't be expanding PP&E if they didn't believe they weren't going to need the capacity.
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Post by Red Shirted Ensign on Aug 30, 2013 11:02:26 GMT -8
I know nothing...of course.. But the invitations are going to go out next Tuesday or maybe Wednesday. But no later. We know that the new iOS is coming along beautifully and there are tech pundits of some notoriety ( Siegler, Gruber, and others) who are giving clear indications that there is more here for good developers than meets the eye. When the true power of iOS 7 is unlocked, it will be stunning. They can't wait to write about it openly and speculate on its direction. We know the hardware is not only solid, welll-built and functional, but it is rapidly regaining the "wow" factor due to the attractiveness of the champaign 5s and the color/newness/ bling of the likely 5c. Leaks may be publicly damned, but the past few weeks of leaks, hints, winks and yeps have frozen the competition in place. The news cycle belongs to Apple now until launch weekend ( sept 20 probably). The new buyback programs launching everywhere, including Apple stores, will accelerate sales of millions of units.... Then new iPads come in October.....thinner, faster, lighter. Right now the upside story is so far ahead of any downside aspect, I'm going in this morning with September 500/540 and October 520/550 call spreads. I've been laying the groundwork for this for a while. Time to "engage" as a famous captain used to say..... well, I was able to open both positions with lower strikes than I had thought I would get the chance to do...but today's action surprises me...I thought we would see relative strength with so much positive news just around the corner...like Tuesday!
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Aug 30, 2013 11:14:07 GMT -8
The market has been in a broad selloff the entire week, taking AAPL with it. I do not see AAPL's trading action of this week as an indication of weakness in Apple's fundamentals.
I continue to be Bullish on the market's response post OCT Earnings/CONFERENCE CALL. The only thing that may change from today is where AAPL is trading when the pop happens.
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Post by mace on Aug 30, 2013 11:24:59 GMT -8
I have many contacts in HK. iPhone has lost a bit if its cool factor and cheaper Android phones are making an impact. Previously everyone wanted iPhone. Not so much anymore. This is from the people that I know. Do you know why they switch? Bigger and brighter display?
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icam
Member
Posts: 447
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Post by icam on Aug 30, 2013 11:37:21 GMT -8
Anyone thinking as I about this? Apple wouldn't be expanding PP&E if they didn't believe they weren't going to need the capacity. Agree 100%. In the past Apples capital investments have preceded, and been reliable indicators, of new/improved hardware releases. I expect the next 12 months to be quite interesting from a product perspective and profitable as an equity investor and option trader. I feel like a kid on Christmas Eve...let's get it started!!!
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Post by Red Shirted Ensign on Aug 30, 2013 11:49:07 GMT -8
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Post by prazan on Aug 30, 2013 11:56:14 GMT -8
Many investors are taking risk off for the weekend, taking everything down, even stocks that have shown relative strength. I suspect most with short term money are taking it to the sidelines.
Last minute comment: some investors stepped in during the last five minutes, snapping up "bargains" or just betting that we won't see any military action or other calamity through Tuesday morning.
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Mav
Member
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Posts: 10,784
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Post by Mav on Aug 30, 2013 12:45:30 GMT -8
Have a good Labor Day Weekend all.
AAPL hanging in there for now, which is the main thing. iPhone event invites are due next week, then the fun begins...
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Aug 30, 2013 16:56:57 GMT -8
Many investors are taking risk off for the weekend, taking everything down, even stocks that have shown relative strength. I suspect most with short term money are taking it to the sidelines. Last minute comment: some investors stepped in during the last five minutes, snapping up "bargains" or just betting that we won't see any military action or other calamity through Tuesday morning. The ideal situation would be that a successful limited strike is completed over the 3 days the markets are closed, seems doubtful that would happen though.
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