Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 1, 2014 4:00:52 GMT -8
Good morning everyone. AAPL is RED this morning, trading at 118.55 -0.38 (0.32%) as of 6:30. Major indices are all RED as well by about the same percentage so its not an AAPL thing. A new month, post holiday it will be interesting to see where we go. Rather quiet in the news this morning. The most interesting articles I've come across are: Forbes Google Unseats Apple In U.S. Classrooms As Chromebooks Beat iPads. NYT Star Witness in Apple Lawsuit Is Steve Jobs. There was some speculation on holiday sales over the weekend, Black Friday sales were off in general, but nothing definitive on Apole -- at least that I've seen. Have a great day. Let's make some money.
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Post by rob_london on Dec 1, 2014 4:16:55 GMT -8
Barclays raises target price to $140 from $120; rating overweight
"...we believe consensus estimates for gross margins could be conservative for a few years given historic mix shifts within iPhone and iPad toward bigger screens, along with the introduction of the new high-margin Apple Watch and innovative services.
We believe margins are set to continue to move up appreciably over the next few quarters, and our estimates for full year 2016 and full year 2017 could even be conservative given fundamental product mix shifts with new products."
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coma
Member
Posts: 523
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Post by coma on Dec 1, 2014 6:52:10 GMT -8
What the hell just happened ?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 1, 2014 6:57:48 GMT -8
Fucking algo shenanigans. Goddamn bid-ask spread is so wide, can't even capitalize on the dip.
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Post by phoebear611 on Dec 1, 2014 6:59:02 GMT -8
Fat finger trade on Just got call from broker friend!
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Post by Red Shirted Ensign on Dec 1, 2014 7:00:21 GMT -8
I bought the dip.......straight shares...we'll see!
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Post by macwire on Dec 1, 2014 7:01:25 GMT -8
Fat finger trade on Just got call from broker friend! Vanguard.
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Post by incorrigible on Dec 1, 2014 7:06:29 GMT -8
Bought the dip as well. Picked up some Feb 2015 $115 calls for $6.40
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 1, 2014 7:07:26 GMT -8
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benoir
fire starter
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Posts: 1,324
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Post by benoir on Dec 1, 2014 7:23:08 GMT -8
fuck…. what the fuck was that…..
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Post by nathanstevens on Dec 1, 2014 7:24:52 GMT -8
Best Cyber Monday sale ever.
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Post by Red Shirted Ensign on Dec 1, 2014 7:25:07 GMT -8
Tight stops can be your friend or your enemy. Personally, I gave them up long ago because of days like today. Whoa to the investor with the 112 stop who just woke up....and that price was hardly tight!
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Post by phoebear611 on Dec 1, 2014 7:26:46 GMT -8
Word is that it was Vanguards fat fingers (rumor only)
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Post by gtrplyr on Dec 1, 2014 7:28:45 GMT -8
Just added to our IRA"s .... can't believe the stupidity of what just happened. Wish I had more dry powder ...
Cheers to the longs !
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 1, 2014 7:29:33 GMT -8
F-ing Schwab, their links never work, so a screenshot. Of course, MS just raised its target to $126, so shenanigans.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 1, 2014 7:30:19 GMT -8
What the hell just happened ? A lesson in the value of deep stink bids...
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Post by Red Shirted Ensign on Dec 1, 2014 7:40:09 GMT -8
I knew a P/E of 18 with record sales ahead was too rich....I just KNEW it....
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 1, 2014 7:43:49 GMT -8
C'mon people, don't just sit there, BTFD!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 1, 2014 8:10:23 GMT -8
What the hell just happened ? A lesson in the value of deep stink bids... And maybe a downside of stop-loss limit orders. Edit: Dur-hur, I see Red already made this point.
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Post by firestorm on Dec 1, 2014 8:54:13 GMT -8
A lesson in the value of deep stink bids... And maybe a downside of stop-loss limit orders. I lost about $70,000 within seconds when the flash crash happened several years ago, because I had a "disaster stop" set about 40 points less than the then-current AAPL price. I learned my lesson in the school of hard knocks, while some unknown thieves benefitted from the manipulated crash.
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Post by rickag on Dec 1, 2014 9:20:10 GMT -8
Let's see, on Nov 19th Morgan Stanley raises price target from $115 to $126.
Now they sell off reducing their holdings from 4% to 3%.
And our illustrious SEC will sit on the sidelines.
I feel violated.
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Post by lulli on Dec 1, 2014 9:38:24 GMT -8
And maybe a downside of stop-loss limit orders. I lost about $70,000 within seconds when the flash crash happened several years ago, because I had a "disaster stop" set about 40 points less than the then-current AAPL price. I learned my lesson in the school of hard knocks, while some unknown thieves benefitted from the manipulated crash. I think that in general stops (not too far below current price) that trigger purchasing of short term out of the money put options are the safer bet to cover for this kind events. Worked pretty well this morning, and in case it it a flash dip with instant recovery you only loose the cost of the puts.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Dec 1, 2014 9:55:28 GMT -8
Let's see, on Nov 19th Morgan Stanley raises price target from $115 to $126. Now they sell off reducing their holdings from 4% to 3%. And our illustrious SEC will sit on the sidelines. I feel violated. The SEC doesn't read AFB2, so write them. MS should not be allowed to upgrade a price target when they're selling. Simple.
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Post by phoebear611 on Dec 1, 2014 10:11:33 GMT -8
ok guys - the MS comment was Adam Parker on tech in general but nothing out of Katy Huberty - complete overreaction and you can see people are just nervous nellies would some of the techies say what this did to the chart? would be nice to hear from you when something like this happens - TIA
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Post by Red Shirted Ensign on Dec 1, 2014 10:12:57 GMT -8
Since we are all in this together, and sometimes I don't get to the late Weekend posts until the next day, here is my buddy JD's post from late last night: "So yeah, just for the record, if AAPL pulls back to the 117's Monday morning, I'm going in like the 101st Airborne into Normandy." 117! Yeah.....
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Deleted
Deleted Member
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Post by Deleted on Dec 1, 2014 10:56:38 GMT -8
I bought the dip.
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Post by mrentropy on Dec 1, 2014 11:07:40 GMT -8
ok guys - the MS comment was Adam Parker on tech in general but nothing out of Katy Huberty - complete overreaction and you can see peopl are just nervous nellies would some of the techies say what this did to the chart? would be nice to hear from you when something like this happens - TIA Well I am no techie by any stretch of the imagination, but there was a lot of call for a retest of the 116 level from a technical standpoint, which is roughly the 10 day IIRC. Mace said something about expecting 103-110 retracement after hitting 125-140 from an Elliot standpoint (Mace, want to elaborate?). The fact that we sailed through the 20 day and came back instantly and are hovering at the 10 day makes me feel like we might have gotten the pullback we needed, but boy was that fast. Does that count? I've heard multiple stories now, from fat finger to MS decreasing their allocation. Not sure if you want to decrease your allocation slightly that you dump millions of shares instantly, seems counter productive. It sure feels like a mistake. It triggered a whole bunch of stops and then got a massive amount of buying support. Hugging the 10 day and lack of free fall are encouraging, but what do I know. Personally, if this is the dip we wanted, glad it is over before I could even react. Like ripping the bandaid off quickly. Anyone more well versed in this please chime in. Personally, I'm holding my Dec Calls a bit longer. Want to see what tomorrow brings. Turnaround tuesday might bring cooler heads and bargain hunters, every seems to e sitting on their hands or sifting through the ashes for the moment.
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Post by mace on Dec 1, 2014 11:35:58 GMT -8
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Deleted
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Post by Deleted on Dec 1, 2014 12:25:07 GMT -8
CNBC is so full of garbage. Pure opinion by talking heads that wouldn't cut it flipping burgers at McDonalds.
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Deleted
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Post by Deleted on Dec 1, 2014 12:45:28 GMT -8
This is shaping up to be a kind of negative-wheee day. I bought the dip and it F'ing dipped some more.
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