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Post by phoebear611 on Jan 3, 2014 4:03:36 GMT -8
Yesterday was quite discouraging but we have no control over it. It is what it is. Today is about the PIN which I believe is somewhere around $550/$555 area. Many are not back from holiday (the big boys) and many won't be making it to work today given the snow storm we have had in the East ... so not sure what today will bring in general. Maybe a quiet day - which I would welcome. Then come Monday, we should back to normal type business. Next week in the Economic Calendar (as a heads up) we have FOMC minutes next Weds., jobless claims on Thurs., and non-farm and unemployment rate on Friday.
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Post by rezonate on Jan 3, 2014 4:16:17 GMT -8
I appreciate the economic calendar alerts. Is there a good "macro calendar" with annual recurring events? I'm thinking more global stuff like "anniversary of the Mumbai Hilton bombing" and "Mardi Gras" and "The Preakness". There must be links to various Strategic Dates Calendars™.
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Post by phoebear611 on Jan 3, 2014 4:55:31 GMT -8
I appreciate the economic calendar alerts. Is there a good "macro calendar" with annual recurring events? I'm thinking more global stuff like "anniversary of the Mumbai Hilton bombing" and "Mardi Gras" and "The Preakness". There must be links to various Strategic Dates Calendars™. lol - does it really ever matter tho? AAPL does what AAPL does regardless of what the market does in general.
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Post by rob_london on Jan 3, 2014 6:38:55 GMT -8
So the gap up on the CM official confirmation has now been filled. Let's see whether we now get a bounce back up.
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Post by jmolloy on Jan 3, 2014 6:41:04 GMT -8
I think we've all seen this story before...
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Post by esu2 on Jan 3, 2014 6:51:30 GMT -8
So fu...kin frustrating.
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Post by Deleted on Jan 3, 2014 6:54:41 GMT -8
Well, I guess it's rotation out of AAPL into AMZN. Makes perfect sense. /s
Honestly, until option interest in this stock fades, I can't recommend this stock anymore. China Mobile news has just left this stock to add insult to injury.
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Post by macwire on Jan 3, 2014 6:57:54 GMT -8
Need that hammer low to hold.
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Post by Red Shirted Ensign on Jan 3, 2014 6:58:07 GMT -8
I just bang my head against the wall because it feels so much better than checking the quote on AAPL
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Post by macwire on Jan 3, 2014 6:58:41 GMT -8
Well, I guess it's rotation out of AAPL into AMZN. Makes perfect sense. /s Honestly, until option interest in this stock fades, I can't recommend this stock anymore. China Mobile news has just left this stock to add insult to injury. Sentiment remains pretty tepid. :/ A tech utility stock...
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Post by cbingle on Jan 3, 2014 7:27:42 GMT -8
Tim Cook's final exam and dissertation is less than 3 weeks away. What he says will determine not only the near term future of AAPL, but it will determine the long term sentiment of the stock.
Amazing and laser focus will no longer have any value if he fails the exam. Will be very interesting to see how things unfold. I am pretty sure he understands the position he and Apple are in. For now, I have confidence in him to show some strength.
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Post by appledoc on Jan 3, 2014 7:33:34 GMT -8
Three big chances for support in the next 10 points. Lower BB, SMA50, 387-->447 trend line.
Best case scenario for a retrace is that we're retracing 447-->575. First stopping point would be 522.
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Post by appledoc on Jan 3, 2014 7:35:06 GMT -8
Tim Cook's final exam and dissertation is less than 3 weeks away. What he says will determine not only the near term future of AAPL, but it will determine the long term sentiment of the stock. Amazing and laser focus will no longer have any value if he fails the exam. Will be very interesting to see how things unfold. I am pretty sure he understands the position he and Apple are in. For now, I have confidence in him to show some strength. An earnings CC is not that important.
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Post by Deleted on Jan 3, 2014 7:36:59 GMT -8
Tim Cook's final exam and dissertation is less than 3 weeks away. What he says will determine not only the near term future of AAPL, but it will determine the long term sentiment of the stock. Amazing and laser focus will no longer have any value if he fails the exam. Will be very interesting to see how things unfold. I am pretty sure he understands the position he and Apple are in. For now, I have confidence in him to show some strength. An earnings CC is not that important. I respectfully disagree...this earnings and the projections for the next quarter will basically be the sign for the entire year...barring a new product release. If there's no growth this quarter, I don't see a great year coming.
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Post by macwire on Jan 3, 2014 7:40:52 GMT -8
Tim Cook's final exam and dissertation is less than 3 weeks away. What he says will determine not only the near term future of AAPL, but it will determine the long term sentiment of the stock. Amazing and laser focus will no longer have any value if he fails the exam. Will be very interesting to see how things unfold. I am pretty sure he understands the position he and Apple are in. For now, I have confidence in him to show some strength. An earnings CC is not that important. I think it's going to be pivotal inflection point for near term 6 month time period.
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Post by archibaldtuttle on Jan 3, 2014 7:46:06 GMT -8
Must be tax loss selling. Um...
Or maybe it's because the broader market is down, nothing to worry about. Um...
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Post by mstrmac on Jan 3, 2014 7:51:32 GMT -8
Well, I guess it's rotation out of AAPL into AMZN. Makes perfect sense. /s Honestly, until option interest in this stock fades, I can't recommend this stock anymore. China Mobile news has just left this stock to add insult to injury. I cannot fathom why anyone does not give this post a yay unless you are a participant or accessary to the game. Give it up. Unless a split happens no small investor even with a 1yr plus hold period will not touch it. The swings of big money is too much to bear.
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Post by appledoc on Jan 3, 2014 7:53:51 GMT -8
An earnings CC is not that important. I respectfully disagree...this earnings and the projections for the next quarter will basically be the sign for the entire year...barring a new product release. If there's no growth this quarter, I don't see a great year coming. I don't think there's a damn chance that EPS doesn't grow, so my perspective is skewed. If EPS falls, I'll pile on short after the dust settles.
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Post by Deleted on Jan 3, 2014 8:17:01 GMT -8
I respectfully disagree...this earnings and the projections for the next quarter will basically be the sign for the entire year...barring a new product release. If there's no growth this quarter, I don't see a great year coming. I don't think there's a damn chance that EPS doesn't grow, so my perspective is skewed. If EPS falls, I'll pile on short after the dust settles. Agreed, but I want real growth which means we need over $14.50, ideally over $15. $14.50 just brings us to par with last year after you count for all the buybacks. From guidance, the seem to be guiding on the high end to the low $14's, which doesn't sound good, unless they have another sandbag in them, which I don't think is likely.
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Post by mace on Jan 3, 2014 8:54:35 GMT -8
One of the regulars from Avi's group is a professional money manager and uber bull -- on the equities markets in general and AAPL specifically. He's been saying for the last month that beginning on the first trading day of 2014, he expected a short-lived (1-2 week) broad-market sell off due to de-leveraging. He hypothesizes it will be a bear trap. Being an AAPL bull, he hypothesizes AAPL may do the "inverse SPY/SPX" thing again, in which case he thinks puts on SPY might be a "safer" portfolio hedge than puts on QQQ -- since, if AAPL does rally, it's taking QQQ with it. Just thought I'd pass that along... Not happening. AAPL is crashing with S&P. Is there an inflation fears? Precious metals stocks have rallied over the last few trading sessions.
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Post by archibaldtuttle on Jan 3, 2014 9:07:26 GMT -8
When the market goes up, appl goes sideways or down. When the market goes down, aapl goes down more. When will this end? No amount of analytics will tell you that, because it has to do with future levels of hope and faith and belief in the company.
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Post by appledoc on Jan 3, 2014 9:12:16 GMT -8
Dumped my put spreads I bought yesterday for a 25% gain. Can't be greedy with this many levels of support nearby.
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Post by Deleted on Jan 3, 2014 9:17:36 GMT -8
When the market goes up, appl goes sideways or down. When the market goes down, aapl goes down more. When will this end? No amount of analytics will tell you that, because it has to do with future levels of hope and faith and belief in the company. Apple is up around 40% in 6 months...that must be hard to do when Apple goes only sideways or down
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Post by Deleted on Jan 3, 2014 9:24:21 GMT -8
When the market goes up, appl goes sideways or down. When the market goes down, aapl goes down more. When will this end? No amount of analytics will tell you that, because it has to do with future levels of hope and faith and belief in the company. Apple is up around 40% in 6 months...that must be hard to do when Apple goes only sideways or down News flash: Apple didn't start trading at $400. Your 40% in 6 months is a ridiculous measuring stick.
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Post by Deleted on Jan 3, 2014 9:28:34 GMT -8
Best case scenario for a retrace is that we're retracing 447-->575. First stopping point would be 522. I disagree. I'm not a technician. I've tried but it just doesn't work for me. Some of my biggest losses came from following the technicians among us. If AAPL is destined to drop further, it seems logical to me that support would be at $514. That's the intraday low following October earnings. Those earnings and management's Guidance are what have been driving AAPL since. Based on Apple's results of the past 6 quarters I'm declaring DEC earnings in the bag (how quickly we forget all the "reports" of strong iPhone/iPad sales earlier this quarter).
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Post by appledoc on Jan 3, 2014 9:28:35 GMT -8
Apple is up around 40% in 6 months...that must be hard to do when Apple goes only sideways or down News flash: Apple didn't start trading at $400. Your 40% in 6 months is a ridiculous measuring stick. What's an appropriate measuring stick then?
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Post by appledoc on Jan 3, 2014 9:29:48 GMT -8
Best case scenario for a retrace is that we're retracing 447-->575. First stopping point would be 522. I disagree. I'm not a technician. I've tried but it just doesn't work for me. Some of my biggest losses came from following the technicians among us. If AAPL is destined to drop further, it seems logical to me that support would be at $514. That's the intraday low following October earnings. Those earnings and management's Guidance are what have been driving AAPL since. Based on Apple's results of the past 6 quarters I'm declaring DEC earnings in the bag (how quickly we forget all the "reports" of strong iPhone/iPad sales earlier this quarter). Ok.
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Post by firestorm on Jan 3, 2014 9:32:07 GMT -8
This is so hard and fast that I'm wondering if some weakness in earnings has been leaked.
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Post by rob_london on Jan 3, 2014 9:33:06 GMT -8
Apparently AAPL has never started out a year down two days in a row in its history as a public company. I guess there is a first time for everything.
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Post by Deleted on Jan 3, 2014 9:36:21 GMT -8
News flash: Apple didn't start trading at $400. Your 40% in 6 months is a ridiculous measuring stick. What's an appropriate measuring stick then? Exactly...maybe we should use 5 years as a measuring stick? Or 3 years? Or 10 years?
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