Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 2, 2014 3:48:34 GMT -8
Good morning everyone. AAPL is GREEN! Trading at 115.40 +0.33 (0.29%) at 6:27. All major indices are GREEN as well. There is a morning after... In the news this morning: Much hemming and hawing over 'what' happened yesterday morning. Frankly the best piece I've read is Bloomberg's Apple Had a Rough Morning. We just don't know. Several articles about Apple's digital music antitrust trial, Bloomberg, Reuters and CNBC. Have a great day. Let's make money.
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Post by rob_london on Dec 2, 2014 4:17:23 GMT -8
Another day, more upgrades: Canaccord Genuity raises target price to $135 from $120; rating buy Bank of America PT raised to $130. I recommend the podcasts and blog posts by Neil Cybart (aka Sammy the Walrus IV), where he discusses Apple from a financial perspective. In his latest podcast he talks about Apple's share repurchase programme. Worth a listen. www.aboveavalon.com/podcast/2014/12/1/above-avalon-episode-4-lets-talk-about-apple-stockAn added bonus: his podcasts are advert-free (currently).
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Post by michelc on Dec 2, 2014 4:43:12 GMT -8
Conspiracy theory: yesterday flash crash didn't it got downward momentum just around the mark of last week phantom tick just above 117?
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Post by macwire on Dec 2, 2014 5:10:54 GMT -8
Pacific Crest bearish. Off a buck plus now...
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Post by phoebear611 on Dec 2, 2014 5:26:44 GMT -8
Pacific Crest's Andy Hargreaves has been saying to sell since Sept - you would have missed the whole run-up. Even a broken clock is right twice a day. Effing stupid!!!
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Post by Red Shirted Ensign on Dec 2, 2014 5:33:36 GMT -8
I intend to be right more often than a broken clock....if we open down, I'm buying more.
Perhaps I'm missing something....but I don't think so.
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Post by macwire on Dec 2, 2014 5:51:26 GMT -8
Pacific Crest's Andy Hargreaves has been saying to sell since Sept - you would have missed the whole run-up. Even a broken clock is right twice a day. Effing stupid!!! Longs are jittered right now. Upgrades ignored. Downgrades magnified. I've seen this pattern before.
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Post by macwire on Dec 2, 2014 5:55:18 GMT -8
I intend to be right more often than a broken clock....if we open down, I'm buying more. Perhaps I'm missing something....but I don't think so. I don't think you are missing anything but maybe one thing. Investor sentiment. People's bullishness might be rolling over. Capping the near near term gains (till earnings). I don't mean people are bearish but it's been a hell of a one month run. Rest needed to reset. People taking profit. 120 was pretty much pinged. Wouldn't totally surprise me to zombie around in the 110 range until next earnings. Even with market legging up through year end. AAPL under the hourly ichi cloud since October.
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Post by phoebear611 on Dec 2, 2014 5:58:25 GMT -8
Macwire I believe you were waiting for this pullback, correct?
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Post by macwire on Dec 2, 2014 6:01:14 GMT -8
I was. The velocity caught me by surprise. I dumped a bunch of December calls into the decline and mulling over what to do with my January and February positions.
I fully intend to protect my hard earned winnings today. Will give the market an hour or two to show me here
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Post by rickag on Dec 2, 2014 6:21:50 GMT -8
I intend to be right more often than a broken clock....if we open down, I'm buying more. Perhaps I'm missing something....but I don't think so. Looks like you will have your chance, premarket getting ugly. Weird, fundamentals have not changed, sentiment seems to have.
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Post by macwire on Dec 2, 2014 6:30:43 GMT -8
Yeouch!
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Post by Red Shirted Ensign on Dec 2, 2014 6:34:12 GMT -8
Bought at 112.98
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Post by macwire on Dec 2, 2014 6:36:38 GMT -8
If I hadn't sold recently I would probably buy here. Hourly RSI near where the stock bounces up. I tend to give myself a cooling off period after I sell. If aapl recovers today I would view that as an important step one. Step two reclaiming 10 day 116.71
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 2, 2014 7:11:10 GMT -8
Ignore the first hour retail emotion. Let's go for a green close!
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mark
fire starter
Posts: 1,575
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Post by mark on Dec 2, 2014 7:24:56 GMT -8
The high volume these last 2 days must be telling us something. I get the feeling that since the hedge funds have had such a bad year, maybe they are going to use Apple to goose their returns in December. What better way than to have a "fat fingered trade" sow panic and then slowly accumulate while easing the panic amid a bunch of upgrades into the end of the year?
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Post by macwire on Dec 2, 2014 7:25:47 GMT -8
The high volume these last 2 days must be telling us something. I get the feeling that since the hedge funds have had such a bad year, maybe they are going to use Apple to goose their returns in December. What better way than to have a "fat fingered trade" sow panic and then slowly accumulate while easing the panic amid a bunch of upgrades into the end of the year? There's little they can do to catch up at this point at least on a normalized risk curve. That's too conspiratorial for me
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Post by gtrplyr on Dec 2, 2014 7:42:41 GMT -8
I'd love to buy into all of the conspiracy theories but it seems that AAPL's recent run-up (Well deserve IMHO) had many scared ... even many posts on this board reflected that. ANY little thing was bound to set off a corrections of sorts ... so far it's not really that bad ... let's hope fundamentals and common sense prevail. Selling off AAPL during it's best quarter makes very little sense ....
I'm going to view this as a opportunity to shake out the weak hands so we can reach some more ATH's soon .
Cheers to the longs !
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Post by macwire on Dec 2, 2014 8:06:41 GMT -8
Hargreaves interviewed. Not one talking head asked about his sell at 95 call. LOL.
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Post by tuffett on Dec 2, 2014 9:56:14 GMT -8
Let's have some perspective. $110-115 is a great place to be, even for the rest of the year. Stocks go up, down and sideways no matter what the fundamental case is. It's been a very long sharp up, so I'm fine with a break.
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Deleted
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Post by Deleted on Dec 2, 2014 11:02:14 GMT -8
I'm pretty comfortable with what Apple will report in January for December earnings. The wild card is always the stock market. Anyone holding short term options is crazy -- trusting the market is truly tooth-fairy-thinking.
Be careful out there. Lambs get sheared and so can you.
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Deleted
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Post by Deleted on Dec 2, 2014 11:04:12 GMT -8
Hargreaves interviewed. Not one talking head asked about his sell at 95 call. LOL. Pacific Crest Securities and Andy Hargreaves are probably the least credible sources for Apple analysis. Maynard Dum with Wells Fargo is certainly in the running for dimwit as well.
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Post by Red Shirted Ensign on Dec 2, 2014 12:21:23 GMT -8
I'm pretty comfortable with what Apple will report in January for December earnings. The wild card is always the stock market. Anyone holding short term options is crazy -- trusting the market is truly tooth-fairy-thinking. Be careful out there. Lambs get sheared and so can you. A few days ago I was asking for people to talk me out of selling at 118. You told me to hold on; Apple aint' never gonna go down. I hold you accountable for everything that is wrong with my life, short and long term. It's quite a list.
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Deleted
Deleted Member
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Post by Deleted on Dec 2, 2014 12:50:09 GMT -8
I'm pretty comfortable with what Apple will report in January for December earnings. The wild card is always the stock market. Anyone holding short term options is crazy -- trusting the market is truly tooth-fairy-thinking. Be careful out there. Lambs get sheared and so can you. A few days ago I was asking for people to talk me out of selling at 118. You told me to hold on; Apple aint' never gonna go down. I hold you accountable for everything that is wrong with my life, short and long term. It's quite a list. I must have been giving TA advice.
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Post by macwire on Dec 2, 2014 13:08:12 GMT -8
A few days ago I was asking for people to talk me out of selling at 118. You told me to hold on; Apple aint' never gonna go down. I hold you accountable for everything that is wrong with my life, short and long term. It's quite a list. I must have been giving TA advice. You mean FA advice...lol
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Post by mace on Dec 2, 2014 13:18:53 GMT -8
I must have been giving TA advice. You mean FA advice...lol Sarcasm.
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Deleted
Deleted Member
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Post by Deleted on Dec 2, 2014 14:02:28 GMT -8
I must have been giving TA advice. You mean FA advice...lol Yeah, my EPS wags for the June and September quarters were off by a combined .01. Terrible, I know.
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Post by rickag on Dec 2, 2014 14:30:08 GMT -8
Hope nobody got hurt too bad by this yet unexplained sudden drop in AAPL.
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Mav
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Post by Mav on Dec 2, 2014 14:43:54 GMT -8
Yeah, my EPS wags for the June and September quarters were off by a combined .01. Terrible, I know. Lucky.
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Deleted
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Post by Deleted on Dec 2, 2014 16:10:35 GMT -8
Yeah, my EPS wags for the June and September quarters were off by a combined .01. Terrible, I know. Lucky. No doubt there's luck involved. AAPL is in the hands of the EOs now, and I'm thankful they can't F me on any near term positions. I'd sure like the name of the fat fingered trader, if he or she is to blame. We had a good run.
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