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This 04/19/12 article about the Facebook IPO was posted in another ET Thread. Worth a read I think. http://www.mercurynews.com/business/ci_20434597/facebook-ipo-date-may-14-public-offering :cool:

Nice article - thanks. :cool:

If you want to make money in "a couple of hours" I think you're better off sticking with Futures. The % move over that much time is much too low in stocks. On a super active 6.5 hour day a stock will only move 2-3%, and on most days they move less than 1%. You need to buy a lot of shares...

So much for my dream of becoming a Trade Timing Guru! Oh well... Looks like there's some support between 410-420. We'll see if it can hold next week. :cool:

AAPL never did hit the Magic Blue Line. We'll see what happens next week. Earnings announced on the 24th. :cool:

But you made the call. There will be lots more opportunities of course. :)

I hope he won't need Therapy. It's very expensive... But good for Medical Stocks! :p

Days like this, after spending money going Long the day before, are exactly why I mostly do longer term trades now. Much easier on the stomach. Has Uncle-Ho committed suicide yet? :D

Been bumping down on 575 since 11:08 Pacific Time. I think it just broke through at 11:46. Next stop 569.20? We'll see where it closes at 13:00. :eek:

What's MMV?? AAPL still forming a channel. Last year the channels lasted 5 months each! We'll see if 575 holds as support. :cool:

So going down to 550 doesn't count as the bottom (C)? If not, does the Elliott Wave Principle say it will it go above 644 before going down to (C)?

If AAPL noodles around in the 580-640 zone for a while you should do fine starting at 586. :cool:

Some good points there. My only problem with an angled Trend Line is it gets very subjective as to what points it touches, which of course changes the angle quite a bit. AAPL would need to go down to the low 500s to touch the line you drew, which seems extreme to me. I tend to see a chart...

I went long CMG today at 434.16, with a Bull Put Spread. If it's at 420 or higher on 09/21/12 the bet will make 63%. :cool:

The last 2 Channels for AAPL (in 2011) had maximum top to bottom ranges of around 15% (364.90-310.50) and 17% (426.70-353.02). So if AAPL goes sideways for a while, a 16% average range would be 644.00-540.00. The uptrend wouldn't be broken if that were to happen. We'll see. :cool:

Good points on risk control. Though most of the time (9 out of last 10?) AAPL goes up after earnings. But I'm thinking longer term, so next week's report isn't my first concern. Today's bet (via a Bull Put Vertical Spread), only requires AAPL to be at 600 or above on 01/18/13 for me to make a...

I DON'T like that kind of talk! Of course, this is exactly what makes a Market.... :p

I like that kind of talk! (Hope you're right....) Added to my AAPL long position today, at 590. :p

Yesterday and Today: Opened New Bull Spreads for M, CROX, ISRG, SBUX & SHFL :cool:

That's fine by me. :D