MrJohnRoss
Well-known member
[h=1]Apple Flash Crash: Stock Halted After Single Trade Causes 9% Plunge[/h]
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Minnow
Well-known member
Not investment advice... but this isn't looking good for Apple. There's some gaps from mid-march... then there's that gap between roughly 425 - 450 from January. Maybe their earnings will surprise. Hard to bet against Apple but...
well, here's my view on the timeframe I prefer (your mileage may vary, of course):
Steel_Magnolia
Member
FWIW, I bailed on my AAPL stocks last Thursday.
And today I'm glad I did. Will I buy back in? I don't know yet. If I do it's going to be a while. No set up in sight right now. Again, my opinion only.
Great job!
$550 looks like a good spot to re-enter - if it can get there. I'm not sure we'd be lucky enough to see the gap near $425 get filled.
I like to roll the dice on Apple before earnings when the stock hasn't run up into the report. This looks like one of those times. I will re-evaluate next Tuesday right before they release.
Minnow
Well-known member
Yup... bet the big money is taking its lumps right now and slowly buying on the way down in anticipation of that report. Usually that put/call ratio would be a tell but I don't think they're gonna give us a detailed forecast right now. Good luck either way.
Looks like a few people saw a price they liked. Hope it continues. There's some room to grow and time before earnings
Thanks, I think. $550 was my initial target to start buying, but $561 is just a rounding error.
The problem is, the next buying area is probably $425. A poor report and that could be a reality.OK, I just took the plunge at $561 this morning.
Yesterday's reversal day looked promising, but today's sell-off is concerning. At least I got in at a little lower, but I'm not crazy about the action this morning. Buy fear, sell euphoria, right?
Just curious. Are you looking at this as an entry point for a long-term holding or hoping to play a potential gap up? I reckon the latter but am still curious.
Steel_Magnolia
Member
Good luck, Tom! I thought I would look at it again if it got to about $545.... I do think this is just a correction but it's a scary stock. Right now none of my favorites seem appealing. I don't have any AAPL, PCLN, MNST, CMG. Probably going to wish I did have at least one of them one of these days, but that seems like the nature of the beast.
Apple is not a bad one to hold - it has a very low P/E and now pays a dividend, but like almost all of my stock play, it will be a short term trade.
It's certainly a momentum stock so the low valuation won't matter in the short-term. Right now it's just a matter of will their earnings be another blow-out, like they usually are, and will their guidance be enough to satify investors? Being oversold going into the report helps, but it's a gamble.
By the way, one stock I have held for a few months and plan to keep some for the foreseeable future is, FIO. But it's my only long-term holding.
That's Steve Wozniak's new company (the guy who helped start Apple with Jobs.)
clester
Well-known member
The indices will rocket up tomorrow!Similar threads
