Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 16, 2015 3:56:35 GMT -8
Good morning everyone. AAPL is RED again in premarket this morning, trading at 106.55 -0.27 (0.25%) as of 6:44. Major indices are all RED as well. Let's hope this storm expires along with the options... This morning I had the cognition that the 27th is not next Tuesday. Gave me a better context for the recent price action. In the news: Xiaomi is declaring themselves 'not copycats' as reported by CNBC, CNN/Money and others. Enough said. Samsung is also striving to demonstrate they're not copycats. They brought in new design chief from Apple designer Jony Ive’s former Tangerine... Here is an Watch demo courtesy of pipes. Have a great day. Let's make money.
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Post by Red Shirted Ensign on Jan 16, 2015 4:55:04 GMT -8
A ton of option contracts expiring today. Both the 100 and 110 strikes have a lot of OI....and the 2015 leaps in the big mix. We must clear the decks to get ant traction...
I've yet to find any data point on any Apple product, except iPad, that hints at less than terrific numbers to be reported on the 27th. If ASP is as good as I expect, GM at 38 or above.....really...would a 27% YOY earnings bump with a solid outlook for next quarter and the watch on deck not deserve a P/E higher than 15?
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Post by nagrani on Jan 16, 2015 4:55:35 GMT -8
I have a feeling we go green today - in a way that surprises most
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 16, 2015 5:05:19 GMT -8
I have a feeling we go green today - in a way that surprises most I like your attitude and hope you're right.
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Post by phoebear611 on Jan 16, 2015 5:33:17 GMT -8
If I am reading them correctly ... every technician is looking at $105 to jump on the train UNLESS the stock and the market is crapping out when it gets there...in which case they do nothing and see where it bottoms. If we get any help with the algos at the $105 level we could see a significant bounce from there. That being said - on expiration we're better off reading tea leaves I guess. (and tea leaves are green....so there ya go...I'm with since 84!)
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Post by phoebear611 on Jan 16, 2015 5:43:13 GMT -8
Where is Mercel? And where is JD? Haven't seen either commenting. Did I miss something?
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Post by macwire on Jan 16, 2015 6:54:40 GMT -8
This thing is trading wicked.
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Post by macwire on Jan 16, 2015 7:34:31 GMT -8
Steady diet of buying of es_f in the pits into the lows. FWIW.
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Post by socal Film Composer on Jan 16, 2015 7:43:30 GMT -8
just one man's opinion but I think this week has ALL been about the gigantic LEAP expiration. Lot's call sellers and contracts to close out. Too early to say this is a repeat of dreaded Jan 2013 slide - vastly different prospects and growth ramp with the big screen phones eating Samsung for lunch in the high end market in Asia - that art. on the Hong Kong demand for the IP 6 & 6+ was quite a revelation. Earnings will tell all! hoping for a blow out quarter and guidance. Yes, we have corrected farther than the Nasdaq, but also had an incredible sunup into the end of 2014. Good luck out there - like many I'm slowing converting my options positions to long stock - the dividend is a nice little cash bonus too. Will only grow that divy over time.javascript:openSpellCheck();
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Ted
fire starter
Posts: 882
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Post by Ted on Jan 16, 2015 7:57:06 GMT -8
Steady diet of buying of es_f in the pits into the lows. FWIW. es_f?
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Post by macwire on Jan 16, 2015 7:57:54 GMT -8
Steady diet of buying of es_f in the pits into the lows. FWIW. es_f? s&p futures.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 16, 2015 8:40:42 GMT -8
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Post by Red Shirted Ensign on Jan 16, 2015 8:57:56 GMT -8
And so we tank....and I have finished all capital commitment. Bought some April 95 calls and January 16 110's.
Now its up to the Gods.....
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Post by macwire on Jan 16, 2015 9:01:38 GMT -8
Just a little 7 dollar dump for the week. Atrocious. lol
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Post by auhkram on Jan 16, 2015 9:12:59 GMT -8
hi all, first post here. sure picked a bloody day to that back trading aapl after a 2yr hiatus uh actually forced retirement after the 2012 massacre. I lurked here back then and noticed all the regulars are gone. What happened to Lovey? Mav? Greg? Pretty much all in at this point with some April 105s.
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Post by archibaldtuttle on Jan 16, 2015 9:15:40 GMT -8
Just a little 7 dollar dump for the week. Atrocious. lol Let's call it $49
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Post by mace on Jan 16, 2015 9:19:11 GMT -8
If I am reading them correctly ... every technician is looking at $105 to jump on the train UNLESS the stock and the market is crapping out when it gets there...in which case they do nothing and see where it bottoms. If we get any help with the algos at the $105 level we could see a significant bounce from there. That being said - on expiration we're better off reading tea leaves I guess. (and tea leaves are green....so there ya go...I'm with since 84!) No one says $102 or $100?
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Post by archibaldtuttle on Jan 16, 2015 9:24:22 GMT -8
We're solidly beneath the 100-day moving average, which has been strong support for a while. Either we bounce in the next couple days or... Or... Or...
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Post by tuffett on Jan 16, 2015 9:30:10 GMT -8
Technicals will mean nothing during earnings/guidance, IMO. The stock can easily blow through any levels, up or down.
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Post by incorrigible on Jan 16, 2015 9:31:41 GMT -8
I have a stink bid in @ $102. I think the options writers will try their best to drop us to $100 (166K $100 calls currently outstanding).
Plenty more between 100 and 105 as well. Next week should be a nice run-up to earnings. JMHO.
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Post by phoebear611 on Jan 16, 2015 9:43:07 GMT -8
Yes there are a few that say $102 and as I mentioned earlier a few days ago there are some that think high $90's. I merely mentioned where the bulk of them are. You do remember that I said $95 to $105 was where several saw the bottom but you (Mace) said that was quite wide. I agree but different technicians seem to have different counts....and since I am still learning it is difficult to recreate. What do you see?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Jan 16, 2015 9:47:36 GMT -8
Where is Mercel? And where is JD? Haven't seen either commenting. Did I miss something? I've had a busy week, but as I commented late yesterday, 105,000 calls at 105. LEAP expiry is a bitch every January. Shed your skirts and stop being chickens and nut up! Can't tell you what happens today, but last year, it was the 550's we were closest to, and I bet the farm we'd close below that. We dropped $14 on Jan 14 OpEx Friday (1/17/14) and closed around $540. With a 105 close, we'd be up $36% OpEx YoY. This is my Wash-Ex day, so I'm out until next week.
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Post by archibaldtuttle on Jan 16, 2015 10:02:01 GMT -8
AAPL is the only red stock today on my whole watch list.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Jan 16, 2015 10:24:51 GMT -8
AAPL is the only red stock today on my whole watch list. Well I guess you know which stock to buy the dip on then, huh?
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Post by archibaldtuttle on Jan 16, 2015 10:28:41 GMT -8
AAPL is the only red stock today on my whole watch list. Well I guess you know which stock to buy the dip on then, huh? Already bought the dip on the last dip.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Jan 16, 2015 10:33:31 GMT -8
Well I guess you know which stock to buy the dip on then, huh? Already bought the dip on the last dip. Well, if you're wondering why fewer and fewer perma-bulls come on this site, maybe it's because we didn't sign up for a support group to hear nervous nellies take an emotion dump every time AAPL drops. Honestly, it's getting old, and I'm referring to several people here. If you can't handle dips, you shouldn't be in the market. AAPL investing calls for brass balls, not hugs.
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Post by mace on Jan 16, 2015 10:40:20 GMT -8
Yes there are a few that say $102 and as I mentioned earlier a few days ago there are some that think high $90's. I merely mentioned where the bulk of them are. You do remember that I said $95 to $105 was where several saw the bottom but you (Mace) said that was quite wide. I agree but different technicians seem to have different counts....and since I am still learning it is difficult to recreate. What do you see? Bottom should be inside the price congestion $94.77-$103.29, $100 most likely. Any re-bounce is suspect unless above $115.
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Post by archibaldtuttle on Jan 16, 2015 10:44:54 GMT -8
Already bought the dip on the last dip. Well, if you're wondering why fewer and fewer perma-bulls come on this site, maybe it's because we didn't sign up for a support group to hear nervous nellies take an emotion dump every time AAPL drops. Honestly, it's getting old, and I'm referring to several people here. If you can't handle dips, you shouldn't be in the market. AAPL investing calls for brass balls, not hugs. Ha - Who said I can't handle the dip? I've been investing in AAPL since the 90s and I've been through my fair share of ups and downs. I'm still here, and doing better than ever. "We didn't sign up for a support group" -- is that the royal we? Because I've noticed that several people here enjoy sharing the ups and downs with each other. Yes, I am one of them. I like sharing my annoyance at the down market and the glee when it does well, with fellow AAPL investors who can empathize with each other. You may be empathy deficient, but please don't speak for everyone. I like learning from my mistakes and from hearing about the mistakes of others, that's how we grow as investors and people. And personally, I have no use for "perma-bulls" -- I prefer discussing the stock with fellow investors who can analyze a moment in the market with an open mind, with neither a automatically bullish or bearish bias. Of course, we all believe in Apple's bright future, so there's will be a bullish undercurrent in all of our conversations. But in my experience, I've gone most astray when I've been groupthinked too much by perma-bulls.
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Post by Red Shirted Ensign on Jan 16, 2015 10:52:51 GMT -8
53 million shares traded with 2.25 hours to go...no ordinary day....its January expiration...what joy!
Note to self: avoid January 2016 - go on extended vacation to Bora Bora
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Post by Red Shirted Ensign on Jan 16, 2015 10:56:22 GMT -8
AAPL is the only red stock today on my whole watch list. Well I guess you know which stock to buy the dip on then, huh? I'm dipped out. My pockets are hanging out.
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