Apple

[tsptalk]

Thats what i thought. How far down is the drop now? $350?

I'm looking at the open gap near 420-425 for the next level of support.

 

[tsptalk]

Now that I am in @ 453 and the support line I was watching broke, I'm looking for a reason for Apple to stop free falling other than the fact that it is trading at 10 X forward earnings.

Nice little bounce in Apple to 456. Wish I waited a day to buy where we could have gotten in in the mid-430's.

 

[MrJohnRoss]

The question with AAPL is, have we seen the bottom, or are we in a dead cat bounce? My guess is that it's a dead cat. Usually a significant bottom gets re-tested. I anticipate seeing the $435 area once again.

 

[rktect1]

Re: Taking a bite of the apple.... Err AAPL

At least you went positive. I'm still down having bought at $460. I need a bigger bounce before I sell

 

[tsptalk]

The question with AAPL is, have we seen the bottom, or are we in a dead cat bounce? My guess is that it's a dead cat. Usually a significant bottom gets re-tested. I anticipate seeing the $435 area once again.

With AAPL not participating in today's rally, I'm starting to lean toward your analysis. If Apple is still down more than 3 points near the close today, I may bail. I'm near break even right now. (Of course everyone else should take this as a buy signal. )

If Apple can make a move off the lows today and be positive or near flat toward the close, I will probably hold.

I own Facebook too and of course it is also down. What rally?

I also bought ARUN the other day. At least it is slightly positive.

 

[tsptalk]

Yes. Me too. Terrible chart but I see some possible long-term support. I had to nibble and bought at 453 a little while ago. If it keeps going lower, this could turn into.... an investment. Noooo!

With AAPL not participating in today's rally, I'm starting to lean toward your analysis. If Apple is still down more than 3 points near the close today, I may bail.

Out at 452.65. Basically a break-even trade. Not good for a market that has been going straight up.

Will keep watching.

 

[rktect1]

I bought 10 more shares yesterday at $442.50. Total in is now 50 shares. Break even point is $456.92 but I will be optimistic and hold out for a gain of some kind. I still think this has potential higher upside.

 

[rktect1]

I can't figure out how long I want to hold this

 

[tsptalk]

Trade or investment?

If a trade, I would look for support areas and put a stop below that, and find the resistance areas and consider taking profits if it hits that.

 

[rktect1]

I really don't know what the difference is. I want to make money. If I trade it today I will be up about $1000 but I will eventually reinvest that money into something else. Hold it and wait till 700 and sell it? I've still traded it. Aapl does not have a great dividend so I must be trading this. Otherwise it isn't worth too much as an investment especially if it doesn't go over 475 for the next ten years

 

[tsptalk]

It sounds like you're in over your head.

An investment means, buy it and forget it for a while and hope the company grows and makes you money. Of course you need to know something about the company to invest long-term. If you don't think Apple is going to go over 475 in the next 10 years, then I'd say you are not investing, but trading.

When you enter a trade you should always know why you are getting in (at that price), and when you would get out (what would make you get out.) Take profits, stopped out because it went below a level you picked, etc.

If you have no idea, I'd say your best bet it to take your profit and run. Then read up on trading. ("How to Make Money in Stocks" by O'Neil is a good one, or anything by Alexander Elder)

Good luck!

 

[rktect1]

Of course i am in over my head. Arent we all?

i actually believe in aaple $600 plus within 18 months. I suppose that makes this an investment. Unless we hit $600 in two weeks in which case i will TRADE it and buy some nice wine. Which i will eventually **** away, literally.

Still when i see a profit i just want to take it for some reason.

 

[ILoveTDs]

What did you buy in at?

 

[rktect1]

What did you buy in at?

$456.92 is mybreak even point. I boughtin two times. First at $460 and then later at $442.50

so i could get out now with a profit but i still think there is more room above.

 

[Sensei]

I've never owned AAPL, but I often wonder if it's something I should. The fact that it doesn't pay a dividend has discouraged me. Nevertheless, the fact that it was recently as high as $700, and is now a mere $45X is somewhat enticing. So here are a couple charts I considered.

First, the daily. If it continues to go up, it might not meet resistance until the 200 day SMA, around $500. So you could look to unload it there if you don't think it's primed to go on a tear up to $700 again.


Here's a montly chart. I meant to do weekly, but I screwed up. Anyway, the 50 month moving average and 200 week average are about the same place, around $350ish. So there's a lot of room to fall if the downtrend resumes. But, this monthly chart looks like it could be trying to put in a reversal, which could take you back up to a little over $500.


So, if I were you, I might hold on for $500. If it keeps going down, you could keep DCAing into it and accumulate shares until it skyrockets on its next big hit (whatever that might be). Having said all that, I don't think I'm ready to buy it yet. I'd rather go for something with a nice dividend instead.

 

[ILoveTDs]

What did you buy in at?

$456.92 is my break even point. I bought in two times. First at $460 and then later at $442.50

so i could get out now with a profit but i still think there is more room above.

I'd suggest setting a stop loss in case it falls. Based on what you paid and the current price of $475, I'd go somewhere around $430 or $435, I know this would be at a loss for you but you were obviously willing to risk some loss when you bought it.

If it goes up I'd adjust my stop losses in $50 or $75 increments, e.g. if it hit's $500 make it $450, when it hits $550 make it $500. If it's going up I would ride it all the way up and stop loss out $50 below its peak.

Just my two cents

 

[clester]

Some anecdotal evidence that apple is still selling a lot of product. My wife's school just bought all the teachers an iPad for classroom use and then I saw in newspaper that another school system bought ipads for all teachers in the system and my sister-in-law said her system did the same.

Thats a lot of iPads. I think they were ipad2's and I think they must've gotten a really good discount. So, I don't know if apple made a lot on those but they are definitely making a move into education.

 

[tsptalk]

Wow. That's quite an expense. My teachers had chalk, and me turned out perty well. :blink:

 

[WorkFE]

My teachers had chalk, and me turned out perty well. :blink:

No argument here but I am the minority

 

[rktect1]

Chalk too but we reused the carbon copy paper.