Lots of bloody hands have been trying to catch this since it broke through $600....
http://www.businessweek.com/news/2012-11-15/death-be-not-proud-as-dell-to-hewlett-packard-show-pc-end-tech
And it will continue. I see no indication of a bounce here. I don't want to own this crap, I want to put some change in my piggy bank and move on.
Here's the weekly bullish % index on the Nasdaq....
Wrong! Of course it will rebound at some point and maybe that is tom., but chances are it's going lower. Guest on FM today said that $425 is possible over the next few months. I forget the guy's...
$425 is below the lower support trendline that held for 3 years. Not into calling bottoms, but $460 is more likely. Investors would have to hit the panic button in order to get there from here,...
It's going to be a buy at some point, just a question of when to catch the falling knife.
great discussion, had a bit of a discussion with my manager at lunch as well - really wondering if the ship is out of steam here.
AAPL took a 3%+ dip breaking resistance level
For all those hung up on P/E's, just remember that as the stock drops in nominal value the P/E will rise making the company look "overvalued."
If $550 doesn't hold and acceleration really picks...
Don't know and I think it's irrelevant. Point is the stock just took a near 20% hit and the fund managers didn't even flinch. One day they will, then what happens?
The value investors will swoop in at some point.
Better than ok. I'd be long with stop under the 200 for a Santa rally if it decides to hold it.
To try to catch a falling knife and turn and dump for a loss aiding in the waterfall decline? Sure, happens all the time. If there are no shorts to buy back their shares, the stock will vaporize.
...
If we were talking about AMZN here, I'd see your point, but AAPL is trading cheap. What do you think is a reasonable valuation for it---- 1x cash?? :lol
I'm not an AAPL fanatic by any means,...
P/E is low, all things considered. Not a fan of their products but so many are and they are becoming a status symbol in emerging markets. There are also trends of their devices (IPads...
For those who missed CEO Tim Cook on Rockcenter 12/6
Part 1 - http://www.msnbc.msn.com - 11 minutes
Part 2 - http://www.msnbc.msn.com - 8 minutes
Aaaaand there's your shakeout right to target. Balls. Who's got the coconuts now?
Tested support at 505 near the end of day and bounced off.....
I'm confused. You're long, right? So the plan is just keep buying on the way down and that's putting more capital to work?
How are you hedged on the position? I'm not trying to grill you or...
Not happening today :lol:
Bought 100 shares @ $505.
Currently @ $544
Should I dump it?
AAPL is yesterdays fad. Its over. It's currently going under re-evaluation, just like GMCR,NFLX,FSLR,(Any hyped up stock that falls out of favor).
First it is slow while the smart money drains...
Totally agree. Wear'em out churn. Still love to see anyone hoping it has legs to move higher to throw in the towel.
lol---- you expect it to trade at 3X cash? I don't see it going much lower than 450, maybe. It's ridiculously cheap with or without account for cash on hand.
My trading account has banked 80% YTD playing those stocks. So much candy to take from the big babies who love to buy and sell at exactly the wrong time. You know you're onto something when you tell...
Yup....before the slingshot upwards
What helps is an algo driven, news-wire-reading pump.
Wait for the dump and retest.
Don't care as long as it doesn't go down anymore.
I've brought up that same margin compression idea that Reggie has been talking about forever to a few AAPL "fanbois" and you should see the piss and vinegar that comes out of them. My god, talk about...
And what if AAPL plunges and never comes back to these price levels ever. I've ridden two leaders all the way down. Palm and RIM. Neither has made it back.
Starting to look a bit more bullish.
Gap up today on higher than average volume.
Some subtile RSI divergence which shows the sell off is running out of steam or there's accumulation.
One...
It's a big company, so any point is relatively safe. It could go up or down, but it's not likely to crash too hard any time soon.
Because it already crashed 40%
One ring to rule them all!!!!!
Seriously, in the age of Kinect, a ring seems unnecessary.
EPS and revenue were either a meet or beat on estimates. Increased dividend too. Shares might rock tomarrow.
~JS
Well, its 390 now. Did you jump in?
Apple managing their stock price by announcing a "buyback".
Odin has forsaken me!!!!!
It looked good earlier. Up almost $10. But now we are flat.
oh noes! I'm taking my gambling to Sandridge Energy.
Above 50-day MA. Quietly 466..... :D
You really think Apple won't go through with a dividend increase? :drool:
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