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Post by phoebear611 on Feb 20, 2014 3:10:29 GMT -8
Good morning ~
Bloomberg news had interviewed Musk (Tesla) who seems to have admitted to talks with AAPL but says merger "very unlikely." Seems he is not selling the company yet but does say "Never say never"... so who the heck knows what the future will hold. The conclusions are that he has goals he set for himself (like seeing his electric cars mass produced, etc.) and wouldn't be doing anything with the company until some come to fruition. I realize some consider this AAPL/Tesla conversation a good things and others a bad thing. Seems to me there is nothing to see here ... move along.
On CNET Mark Shuttleworth (Canonical founder) made comments about sapphire displays: "Apple just snapped up three year's worth of the supply of sapphire screens from the company that we had engaged to make the screens for the Edge" --- we've had discussions about this on the board as well.
Appleinsider commented on a patent application: "An Apple patent application published by the U.S. Patent and Trademark Office on Thursday describes an intelligent magnetic attachment system that provides an interface for an iPad to connect and communicate with a variety of accessory devices, including other iPads."
Technically - the experts on this Board should feel free to comment about the gap we just filled and where we expect to land before beginning out ascend again. There are many more qualified than I am who can inform others here about this price action.
AAPL looking red in PM -- down 4.5 points on 5k shares -- they just want to push this thing down and are determined to do so. Nah...markets aren't rigged at all. Enjoy the day!
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Post by leonb on Feb 20, 2014 3:23:17 GMT -8
Anyone who believes big price drops on low volume in out of hours markets can only mean manipulation should take the other side of the bet, and thank WS for the opportunity. Personally, I think 90% of this is paranoid whinging BS, no offence.
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Post by phoebear611 on Feb 20, 2014 3:24:52 GMT -8
Lovey, Mav, Mace, appledoc....amongst numerous others....would you kindly offer your views on what is going on technically with the stock in order to give others a road map? I'm not even seeing anything on the Technical tab. TIA
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Post by phoebear611 on Feb 20, 2014 3:28:38 GMT -8
Anyone who believes big price drops on low volume in out of hours markets can only mean manipulation should take the other side of the bet, and thank WS for the opportunity. Personally, I think 90% of this is paranoid whinging BS, no offence. Nope - you're entitled to your opinion. Doesn't mean you are correct nor that I am correct...it's simply an opinion.
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Post by rob_london on Feb 20, 2014 3:30:11 GMT -8
This typo by the BBC made me smile. A nice new perk for Facebook employees?
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Post by phoebear611 on Feb 20, 2014 4:39:15 GMT -8
I'm hearing Barclays went to neutral on the stock and that's what has it down - haven't confirmed
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Post by appleaddict on Feb 20, 2014 4:45:46 GMT -8
I'm hearing Barclays went to neutral on the stock and that's what has it down - haven't confirmed "Barclays downgraded Apple (NASDAQ: AAPL) from “overweight” to “equal-weightd.” The target price for Apple is set to $570. Apple's shares closed at $537.37 yesterday."
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Post by po1nt on Feb 20, 2014 6:16:34 GMT -8
I'm inclined to nibble back long here... 38.2% Fib retrace, small gap fill, and SMA-100 support.
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Post by artman1033 on Feb 20, 2014 6:36:59 GMT -8
I'm hearing Barclays went to neutral on the stock and that's what has it down - haven't confirmed "Barclays downgraded Apple (NASDAQ: AAPL) from “overweight” to “equal-weightd.” The target price for Apple is set to $570. Apple's shares closed at $537.37 yesterday." UPDATE: Barclays Downgrades Apple Inc. to Equal-weight, Maintains $570.00 PT Paul Quintaro, Benzinga Staff Writer February 20, 2014 9:10 AM Related AAPL Benzinga's Top Downgrades Tesla Jumps After Crushing Analyst Estimates Barclays downgraded Apple (NASDAQ: AAPL from Overweight to Equalweight Thursday morning, maintaining a $570 price target. Ben Reitzes, analyst at Barclays, sees shares staying in a trading range for the the next year, “given a maturing smart phone market.” In addition, iPhone margins be squeezed, “as it adds advanced new features” such as “Sapphire glass, curved glass, and new batteries.” Reitzes does not believe smart watches or Apple TVs justify raising sales numbers.
The analyst compares Apple's valuation of today to that of Microsoft from 2000 to 2010 and sees, “ no precedent that large-size tech companies simply start to broadly outperform again after a tough year or two if the law of large numbers is catching up to them and margins have peaked.”In summary, an attractive valuation is not enough to jump into the stock as Apple could be a value trap for the next couple years, according to Reitzes. Shares of Apples are trading lower by 0.8 percent in the premarket following the downgrade. www.benzinga.com/analyst-ratings/analyst-color/14/02/4324321/update-barclays-downgrades-apple-inc-to-equal-weight-maiZOUNDS!! HERE is the cnbc video: www.cnbc.com/id/101432273IMHO: there is NOTHING Ben says that I disagree..... SAD to say.
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Post by artman1033 on Feb 20, 2014 7:04:42 GMT -8
GOOD GRIEF!www.motherjones.com/politics/2014/02/google-apple-class-action-poaching-steve-jobs-wage-theft?6www.mactrast.com/2014/02/apples-russian-iphone-sales-double-2013-signing-major-carriers/Russian providers MegaFon, Mobile TeleSystems and VimpelCom were not willing to agree to Apple’s usual partner carrier requirements. Those call for iPhone promotion, handset subsidies and minimum sales agreements. Russian market leader MTS doesn’t have an official deal with Apple, instead getting its iPhone stock from a third-party distributor. Russian law prohibits carriers from discounting devices in exchange for a long-term contract, so the three largest carriers were reluctant to take on the burden of an official Apple contract until the middle of last year. kensegall.com/2014/02/apples-adventures-in-plastic/First, Steve Jobs was right. Apple is a company that doesn’t do “cheap.” It makes products for people who care about design, simplicity, quality and a great experience — and are willing to pay more for these things. For Apple to compromise in any of these areas would be a violation of the Prime Directive. Was plastic a compromise on quality? Not necessarily. After all, iPhones were made of plastic before. However, as the device evolved to become more jewel-like, the plastic was left behind. So clearly a new phone made of plastic would create a marketing challenge.
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Post by artman1033 on Feb 20, 2014 7:26:32 GMT -8
MAY BE MARKET MOVINGAmerica and Ukraine As the crisis in Kiev worsens, the U.S. needs to move on sanctions. Updated Jan. 27, 2014 4:04 p.m. ET The Ukraine showdown between pro-Western demonstrators and President Viktor Yanukovych is escalating, with at least five dead, violent clashes in Kiev and provincial governments joining the opposition this week. It's past time for the U.S. to get more engaged. Russia's Vladimir Putin has stoked this crisis from the first and isn't about to let up. The Russian strongman has put $15 billion in aid and billions more in cheap energy on the table to make Ukraine an authoritarian state in Moscow's image. His goal is to make it part of a new Greater Russia. He pressured the ruling clique in Kiev to drop an EU "association" treaty in November, which led to the first protests, and Mr. Yanukovych further inflamed the streets last week with repressive new laws. Yet this country of 46 million has also built a close relationship with Washington since independence in 1991. The U.S. has leverage with Mr. Yanukovych and his entourage that it so far hasn't employed. On Thursday, Joe Biden finally called the Ukrainian president "to urge an immediate de-escalation in the standoff . . . and to meaningfully address the legitimate concerns of peaceful protesters." That's good, but what took so long? The Veep should have called last week when the Ukrainian parliament passed the inflammatory laws. Secretary of State John Kerry has also been MIA while chasing windmills in the Middle East. In Davos on Friday he finally said that, "We will stand with the people of Ukraine." And President Obama ? Who? After the first deaths of protestors in Ukraine's modern history this week, the U.S. Embassy in Kiev on Wednesday revoked the visas of officials linked to the violence. No names were specified. Washington has promised to "consider" other sanctions, and State and Treasury have debated the names of Ukraine officials and business oligarchs who could be put on a list for a visa ban and U.S. asset freeze. Now's the time to act. Targeted travel and financial sanctions can be imposed by executive order, and the Administration can urge the EU and its member states to do the same. Little scares Ukrainian elites as much as losing access to their London flats or Cypriot bank accounts.The Obama Administration has largely ignored Europe during its tenure, but the strategic reality is that only Washington can lead an effort to pull Ukraine out of Moscow's orbit. The EU is divided and irresolute. Worrying parallels to Europe's mishandling of the Balkans in the early 1990s aren't far-fetched. Now as then the EU doesn't seem to realize what's at stake in preventing a violent crisis in its neighborhood. The bulk of Europe's energy supplies come through Ukraine, and pipelines crisscross the western regions with local governments that on Thursday fell to anti-Yanukovych demonstrators. Talks between opposition leaders and Mr. Yanukovych broke down again on Friday and clashes with security forces resumed. Mr. Yanukovych is under pressure from Moscow to put down the uprising. U.S. and EU sanctions can help isolate Mr. Yanukovych by clarifying that there is a price for repression. online.wsj.com/news/articles/SB10001424052702304632204579340602913066412
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Post by po1nt on Feb 20, 2014 7:28:33 GMT -8
I'm inclined to nibble back long here... 38.2% Fib retrace, small gap fill, and SMA-100 support. So far so good...
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Post by leonb on Feb 20, 2014 7:39:06 GMT -8
Tough sanctions on Ukraine by the West plays into Putin's hands. US influence is not decisive in this region.
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Post by gtrplyr on Feb 20, 2014 8:44:14 GMT -8
Reitzes on CNBC talking about the downgrade this morning .... he doesn't sound too optimistic regarding Apple begin able to grow profits.
Thinks hardware is not going to move the stock .... maybe services but still not making people on the fence feel good about owning this stock ..
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Post by firestorm on Feb 20, 2014 9:32:26 GMT -8
Reitzes on CNBC talking about the downgrade this morning .... he doesn't sound too optimistic regarding Apple begin able to grow profits. Thinks hardware is not going to move the stock .... maybe services but still not making people on the fence feel good about owning this stock .. Buying Tesla would move the stock. It might also allow Tesla to grow more quickly, if financing of production and research is short of available money. Though, more likely, Tesla has to move very carefully into a new product line, just like Apple. I suspect that traditional financial players are going to beat Apple to market with a new method of payment from smart phones, so I'm not seeing that as the huge revenue stream I foresaw two years ago. I think the smart watch is going to be more successful than I anticipated, with its presumed emphasis on health functions. Everyone in the developed world has become obsessive about worrying about health, and this just might be the technology that unifies peoples' response to these worries. I just don't like the feeling of something around my wrist, except for the black band mourning the passage of Steve Jobs.
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Post by mace on Feb 20, 2014 10:24:13 GMT -8
Reference the impulse from $493.55 mentioned by Appledoc a few days (a week?) ago.
Yesterday's retracement is 23.6%. Today is 38.2%. 50.0% is $522. 61,8% is $516.
For those following candlestick, $551 is the highly reliable bearish gravestone doji.
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Post by gtrplyr on Feb 20, 2014 11:13:46 GMT -8
Reference the impulse from $493.55 mentioned by Appledoc a few days (a week?) ago. Yesterday's retracement is 23.6%. Today is 38.2%. 50.0% is $522. 61,8% is $516. For those following candlestick, $551 is the highly reliable bearish gravestone doji. Don't know what any of that means but I'm going to assume "Bearish Gravestone Doji" can't be good ...
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Post by Lstream on Feb 20, 2014 11:18:43 GMT -8
Reference the impulse from $493.55 mentioned by Appledoc a few days (a week?) ago. Yesterday's retracement is 23.6%. Today is 38.2%. 50.0% is $522. 61,8% is $516. For those following candlestick, $551 is the highly reliable bearish gravestone doji. Don't know what any of that means but I'm going to assume "Bearish Gravestone Doji" can't be good ... Voodoo is more credible when you spice it up with terms that no one else understands. Adds to the mystique.
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Post by mace on Feb 20, 2014 11:31:01 GMT -8
Reference the impulse from $493.55 mentioned by Appledoc a few days (a week?) ago. Yesterday's retracement is 23.6%. Today is 38.2%. 50.0% is $522. 61,8% is $516. For those following candlestick, $551 is the highly reliable bearish gravestone doji. Don't know what any of that means but I'm going to assume "Bearish Gravestone Doji" can't be good ... Simple web search should yield answer to your question.
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Post by mace on Feb 20, 2014 11:32:49 GMT -8
Don't know what any of that means but I'm going to assume "Bearish Gravestone Doji" can't be good ... Voodoo is more credible when you spice it up with terms that no one else understands. Adds to the mystique. Simple web search should yield answer to your question. Careful what you said, can be interpreted as intolerance of other cultures and behavior, and viewed as discriminatory and racist. Edit: What I mean is the world is going global, so we have to learn to tolerate any forms of behaviors even if we are totally disgusted with it. For all we know, the other side think similarly of our behaviors. Expressing sarcastic remarks do reflect our intolerance of things we don't understand and believe in. Edit: The purpose of the original post is to respond to phoebear and also a followup to appledoc's post that an impulse is going on. Inevitably, a retracement would follow an impulse.
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Post by artman1033 on Feb 20, 2014 11:49:51 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Feb 20, 2014 11:56:37 GMT -8
iPhone launch propels China Mobile to biggest 3G subscriber increase everThe growth in China will not be an overnight sensation, but as usual Tim and Apple are playing the long game. I am sure that China Mobile sees this as just whetting their customers' appetites for the roll out of their 4G network. Unfortunately, Wall Street is becoming more and more like a bratty child, interested only in instant gratification.
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Post by appleaddict on Feb 20, 2014 12:07:44 GMT -8
Reference the impulse from $493.55 mentioned by Appledoc a few days (a week?) ago. Yesterday's retracement is 23.6%. Today is 38.2%. 50.0% is $522. 61,8% is $516. For those following candlestick, $551 is the highly reliable bearish gravestone doji.Thanks, Mace. Funny that's the exact price I bought back after waiting three weeks for any pullback. While we're here, why don't we just go back to $512 to fill the gap after Tim's surprise announcement on the 6th?
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Post by Zeke on Feb 20, 2014 12:28:47 GMT -8
"Barclays downgraded Apple (NASDAQ: AAPL) from “overweight” to “equal-weightd.” The target price for Apple is set to $570. Apple's shares closed at $537.37 yesterday." UPDATE: Barclays Downgrades Apple Inc. to Equal-weight, Maintains $570.00 PT Paul Quintaro, Benzinga Staff Writer February 20, 2014 9:10 AM Related AAPL Benzinga's Top Downgrades Tesla Jumps After Crushing Analyst Estimates Barclays downgraded Apple (NASDAQ: AAPL from Overweight to Equalweight Thursday morning, maintaining a $570 price target. Ben Reitzes, analyst at Barclays, sees shares staying in a trading range for the the next year, “given a maturing smart phone market.” In addition, iPhone margins be squeezed, “as it adds advanced new features” such as “Sapphire glass, curved glass, and new batteries.” Reitzes does not believe smart watches or Apple TVs justify raising sales numbers.
The analyst compares Apple's valuation of today to that of Microsoft from 2000 to 2010 and sees, “ no precedent that large-size tech companies simply start to broadly outperform again after a tough year or two if the law of large numbers is catching up to them and margins have peaked.”In summary, an attractive valuation is not enough to jump into the stock as Apple could be a value trap for the next couple years, according to Reitzes. Shares of Apples are trading lower by 0.8 percent in the premarket following the downgrade. www.benzinga.com/analyst-ratings/analyst-color/14/02/4324321/update-barclays-downgrades-apple-inc-to-equal-weight-maiZOUNDS!! HERE is the cnbc video: www.cnbc.com/id/101432273IMHO: there is NOTHING Ben says that I disagree..... SAD to say. Golly, with AAPL at $550 a few days ago, and Max Pain for option traders (which expire Saturday) at $530 and below, CNBC, Barron's, Investor's Business Daily, and now the WSJ all come out with headlines saying that Apple is the next Microsoft. [Zeke waves two fingers before your glassy eyes] "There's no money to be made in Apple. Sell your shares now. (Drive the price down so the market makers can save their butts.) These aren't the shares you're looking for!" Four independent sources all suddenly decide to compare Apple to Microsoft on the same day. Somebody put the fix in. You now know who's in the pockets of the option sellers. If you don't believe in such conspiracies go search the web for a video where Jim Cramer admits manipulating stock prices by having analyst/journalist friends plant stories.
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Post by phoebear611 on Feb 20, 2014 13:29:41 GMT -8
Reference the impulse from $493.55 mentioned by Appledoc a few days (a week?) ago. Yesterday's retracement is 23.6%. Today is 38.2%. 50.0% is $522. 61,8% is $516. For those following candlestick, $551 is the highly reliable bearish gravestone doji. Thank you Mace! That was exactly what I was looking for. I appreciate your insight on the topic - although it doesn't make me smile.
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Post by phoebear611 on Feb 20, 2014 13:42:08 GMT -8
iPhone launch propels China Mobile to biggest 3G subscriber increase everThe growth in China will not be an overnight sensation, but as usual Tim and Apple are playing the long game. I am sure that China Mobile sees this as just whetting their customers' appetites for the roll out of their 4G network. Unfortunately, Wall Street is becoming more and more like a bratty child, interested only in instant gratification. Although WS may be waiting for quick gratification - that is usually what they get with many growth stocks. The problem is that we are having trouble letting go of that concept. Out of all the things/ideas out there, IMHO I think that sitting there with all that cash and (other than buying stock )- doing nothing (at least that is public knowledge) to bring growth back with it (perhaps thru acquisitions) is just gnawing away at investors and keeps the stock going sideways. Zuck is NO SJ - really can't come close - but there is an arrogance and a sense of "nothing ventured, nothing gained" with him that I admire. In the short time that SJ has left us - the landscape has changed dramatically. I would like to imagine that he would have been more adventurous and an "in your face" sort of guy....who would have ventured into many surprising avenues (like he did with iTunes)...and would have gained much for his investors. Advice for TC? Nope, I have none - he should be thinking of all of this on his own. After all, that's why they pay him the big bucks!
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Mav
Member
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Posts: 10,784
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Post by Mav on Feb 20, 2014 14:01:17 GMT -8
Reference the impulse from $493.55 mentioned by Appledoc a few days (a week?) ago. Yesterday's retracement is 23.6%. Today is 38.2%. 50.0% is $522. 61,8% is $516. For those following candlestick, $551 is the highly reliable bearish gravestone doji. Thank you Mace! That was exactly what I was looking for. I appreciate your insight on the topic - although it doesn't make me smile. For some dumb reason I wasn't following the candles. Not sure how I missed that kinda gravestone doji - it wasn't a good candle, for sure. "Good news", if it holds, is that we're still in "healthy" retrace territory. An optimist might say there's a potential for a reversal setup, sort of like an inverted head and shoulders. Me, I have no clue, at least the daily chart doesn't look horrific. We'll see how AAPL absorbs the "bad news" (Reitzes capitulating and downgrading to hold - apparently, being one of the few US companies to grow in China isn't enough for him, because sapphire and new iPhone tooling costs or something) and the "no news" (shouldn't be any surprises at shareholders' meeting provided no shakeup in board elections, it'll be until March or April for a cash update, no one really thinks there'll be any Apple news between then and now).
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Post by mace on Feb 20, 2014 14:12:05 GMT -8
Thanks, Mace. Funny that's the exact price I bought back after waiting three weeks for any pullback. Most candlestick pattern are slightly reliable but a few like bearish gravestone doji and engulfing are fairly reliable after a long rally. Similarly for bullish candlesticks like harami cross, piercing line, and dragonfly doji, after a long decline. So you can ignore most candlestick patterns but have to respect these few. Frankly, current retracement feels like a wave two type (which mean can decline as low as what you've suggested) before resuming rally. At this juncture, I find dabbling in options is scary unless you're a super Trader who are very nimble, YMMV. I would rather wait for more concrete evidences that Apple is launching some kind of new product categories such as mobile payment, iWatch, etc, and is in a fast growth path before dabbling with options. Is a lot easier to make money with long calls once that happen, plenty of time to join the rocket. Meanwhile just enjoy the quarterly dividends.
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Post by mace on Feb 20, 2014 14:22:58 GMT -8
An optimist might say there's a potential for a reversal setup, sort of like an inverted head and shoulders. What you describe is possible. It has happened before, during Sep last year. Decline to just below 20-day SMA and then resume rally.
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Post by appleaddict on Feb 20, 2014 14:27:28 GMT -8
Thanks, Mace. Funny that's the exact price I bought back after waiting three weeks for any pullback. Most candlestick pattern are slightly reliable but a few like bearish gravestone doji and engulfing are fairly reliable after a long rally. Similarly for bullish candlesticks like harami cross, piercing line, and hammer, after a long decline. So you can ignore most candlestick patterns but have to respect these few. Frankly, current retracement feels like a wave two type (which mean can decline as low as what you've suggested) before resuming rally. At this juncture, I find dabbling in options is scary unless you're a super Trader who are very nimble, YMMV. I would rather wait for more concrete evidences that Apple is launching some kind of new product categories such as mobile payment, iWatch, etc, and is in a fast growth path before dabbling with options. Is a lot easier to make money with long calls once that happen, plenty of time to join the rocket. Meanwhile just enjoy the quarterly dividends. Thank you for the insight. I only started looking at technicals very recently as nothing else seems to make any sense at this point. I've never touched options. Have just been buying common over the years. Buy and hold works, until it doesn't. And obviously trying to catch the swings has hung me out to dry. I've just figured out that when I buy, everyone should sell; and when I sell, everyone should buy.
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