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- Thread starter tsptalk
- Start date
MaStA
Member
Anybody buying AAPL before earnings today? I usually do but I am not in this mood this quarter. That probably means it's going to soar.
Current price: $606.
Looks like you made a very smart move not buying.
wavecoder
Active member
Really glad i didn't buy.
I generally don't like buying into earnings though, since that's basically the same thing as calling red or black on a roulette table.
considering buying the dips, gonna watch it for a while. if the s&p is down big again tomorrow, i may just hold cash until the market trend turns up.
There's a first time for everything.
But rarely have these pullbacks not been good buying opportunities for APPL. I may consider buying tomorrow.
That's true - that's what buying pre-earnings usually is... gambling, but Apple has rewarded the gamblers many times. I'm not sure why I was smart enough to back off this time. I just didn't feel like gambling, I guess, which isn't like me.
Being the glutten for punishment, I bought Apple today near $610. A gamble, yes. But I like to buy it when it has fallen into earnings as opposed to rallied into earnings. It's down close to 15% from it's recent highs. Could be a "sell the rumor, buy the news" thing. Not for the faint of heart.
MrJohnRoss
Well-known member
I just don't see anything on AAPL's chart that looks like it's making a turn around. Except for the one-day head fake on Oct 16, (where I bit), it's been a rather bearish looking chart.
On the other hand, AAPL has rewarded investors many times over the years. Hope this one works out for you, Tom.
MrJohnRoss
Well-known member
AAPL EPS share miss: $8.67 vs $8.81 expected. That's about a 1.6% miss. About how much the stock is down after hours. Perhaps this is a buy point. Sell the rumor, buy the news.
MrJohnRoss
Well-known member
Meanwhile, Amazon is down about -2.5% after their earnings miss, and Pandora is down -14% on news that AAPL is coming out with their own music service in 2013.
Ouch.
This trade is about over. No big move from earnings. Now I am just looking for an exit point before the close, hopefully near break-even, but it looks like a 1% to 2% loss is more likely. Live to trade another day.
MrJohnRoss
Well-known member
A lowering tide sinks all boats? Pretty tough to trade on the upside right now.
wavecoder
Active member
apple will be a good buy soon, but i wouldn't buy on a long red candle, wait for it to settle. right now it's a falling knife
if you want to chance it, at least wait until it's near a major MA (prolly the 200-day in this case)\
edit: oops just looked and it's around that neighborhood. still, the chart is looking weak, i wouldn't touch it, but wouldn't short it either atm. sometimes better to wait for stronger signals
Out @ $608. (trade = -0.08%)
This trade is about over. No big move from earnings. Now I am just looking for an exit point before the close, hopefully near break-even, but it looks like a 1% to 2% loss is more likely. Live to trade another day.
wavecoder
Active member
Looks like a 608 exit was better than today's close: 526.05
still no sign of strength from it, might still continue freefallingSimilar threads
