Apple

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tsptalk said:
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. :)
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Great call on your AAPL! Congrats!
 
I am an apple fan. Have been for years.

.....But, I'm starting to lose my zest for it. I'm not sure why. Maybe it's the contrarian in me. But they are now too big and everyone loves them. It's exuberance!

I feel like I did when Microsoft was taking over the world. I want to fight against it. But it's not Microsoft. Their products are just too good. I think their "cool" factor is waning though because iPhones are everywhere. It doesn't stand out. It's boring now. Unless they can come out with something revolutionary again it will fade. Maybe the iTV?

Am I the only one?
 
tsptalk said:
I think that's on the agenda already. Before he passed away, Jobs left them a 7 year product plan - or something like that.
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HMMM.... now I gotta do research on buying 2018 AAPL puts. :D Until then I would never short aapl before earnings. Wanna let us in on your rough target for profit taking or you gonna play that one close to the vest?
 
I don't see why it wouldn't make new highs eventually, but I will play it by ear and watch the charts. I'll post when I sell.
 
clester said:
I am an apple fan. Have been for years.

.....But, I'm starting to lose my zest for it. I'm not sure why. Maybe it's the contrarian in me. But they are now too big and everyone loves them. It's exuberance!
.......

Am I the only one?
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Sometimes I catch myself wondering if AAPL is the stock symbol for today's East India Company.
 
AAPL only sold 35.1 million I phones in the last quarter and I think around 35% of those sales were in China. China has over 600 million people that may want an AAPL product - can you imagine.
 
Birchtree said:
AAPL only sold 35.1 million I phones in the last quarter and I think around 35% of those sales were in China. China has over 600 million people that may want an AAPL product - can you imagine.
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But how many of them can afford it. Not all of them can give a kidney for one...
 
tsptalk said:
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? :sick:
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A little follow-up on Apple. I am still in and in hindsight, I should have sold on Friday - the first day I could have because of the 3-day settlement rule. I would have been able to get out near $610.

Instead it is down to about $586 today. Still a fair profit, but obviously selling after the report would have been ideal. As a trader, I don't want this to turn into a buy and hold because of the drop. From a technical analysis viewpoint, it is actually getting very close to another nice risk/reward buy area.

The pullback is on light volume and it seems to be wanting to fill the open gap, which happens to be near the 50-day EMA. 575 looks like a good place to start buying, using a lower low (below $550) as a stop.

The fact that it couldn't get above the April high on that great report is a concern. But it seems like every time I sold Apple over the last few years, because it is underperforming, it would have been a good time to buy instead.

aapl6.gif
 
tsptalk said:
But it seems like every time I sold Apple over the last few years, because it is underperforming, it would have been a good time to buy instead.
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Exactly why I've written it off. Always seems like it has to stop climbing making you want to sell anytime weakness presents. But, P/E is still totally reasonable and I don't know of a rational soul on the planet that thinks AAPL, as a whole company, is doing anything but growing. A perplexing stock.
 
tsptalk said:
A little follow-up on Apple. I am still in and in hindsight, I should have sold on Friday - the first day I could have because of the 3-day settlement rule. I would have been able to get out near $610.

Instead it is down to about $586 today. Still a fair profit, but obviously selling after the report would have been ideal. As a trader, I don't want this to turn into a buy and hold because of the drop. From a technical analysis viewpoint, it is actually getting very close to another nice risk/reward buy area.

The pullback is on light volume and it seems to be wanting to fill the open gap, which happens to be near the 50-day EMA. 575 looks like a good place to start buying, using a lower low (below $550) as a stop.

The fact that it couldn't get above the April high on that great report is a concern. But it seems like every time I sold Apple over the last few years, because it is underperforming, it would have been a good time to buy instead.
Click to expand...
I decided to sell this morning's rally. Out at 595.53.

I'll look to trade again if that gap gets filled near 570.
 
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