AAPL - A bloodbath in the making

Quote from Riskmanager:

Next week is gonna be pretty interesting: we've got a close below the SMA50 for the first time in more than 6 months!
I wonder how many institutional stock screeners are going to show that fact simultaneously on sunday night/ monday morning :D
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And of course "SMA50" utterly 0wns the market. Whenever a stock closes below a blue line on someone's chart, it's guaranteed to drop, right?

--opm8
 
hi,

i shorted aapl this week and stopped breakeven at 42.80 (after being long and stopping for -.04) today i shorted some at 42.19 avg (42.31 pre-market and 42.04).

Looking for 38 probably, but we'll see how it goes if we get a good breakdown maybe we see 31 and possible lower. Lets see how far it goes!
 
I think the important thing to note here is that AAPL shares have broken the uptrend that they were in upto the time of the stock split.

At this point it would seem that a correction is forthcoming, though this could be a dangerous short right now given the upcoming quarterly results (which are likely to be pretty fantastic yet again).
 
This could be AAPL's biggest threat with regards to iTunes:
http://en.wikipedia.org/wiki/Playstation_portable

"Sony's software is not the only toolset for getting music or movies onto a PSP. One popular alternative is iPSP, available for Mac OS X and Windows [2]. It can convert movies and images and install movies, music, and images into the places on a Memory Stick where the PSP is going to be looking for them. It also integrates nicely with iTunes (and with iPhoto on the Mac). iPSP encodes movies with audio tracks to MPEG-4 Part 2, together with MPEG-4 Part 3 and outputs it to the *.mp4 container. These files are also playable by QuickTime, VLC or any other MPEG-4 ISO compatible player due to interoperability."

Current Buy It Now prices on ebay start at ~300$, but let's not forget that the product has been introduced only recently.

Somehow, the iTunes hype remarkably reminds me of the PDA hype that surrounded Palm about 5 years ago, when they held the dominant share of the PDA/handheld market due to their first mover advantage. And let's not forget that Sony owns a huge music distribution network already. It would still be a better solution for them to push their own or an alternative distribution network than to have iTunes cash in a commission.
Anyone remember how they became the market leader on the video games markets during the 90's with their PlayStation against all doubts?
 
Quote from Covertibility:

Give it a quarter or two, this is really starting to look familiar. Check out the insider sales:

Insider Purchases - Last 6 Months

Purchases N/A
Sales 4,336,000
Net Shares Purchased (Sold) (4,336,000)
Total Insider Shares Held 6.29M
% Net Shares Purchased (Sold) (40.8%)

Short interest is only under 4%, wait til it's over 15%, thats when the pro's are on it and your pretty much garaunteed for a nice waterfall. The insiders are bailing now before things get bad. Everyone knows this company is not geared for shareholders.

Does anyone know where to get old insider trader records, I want to see what it looked like for AAPL before they plunged back in 2000. Deja vu all over again.
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Apple reports great earnings but cautious going forward. I guess there are no more gimmicks in the pipeline. Where are the Apple lovers out there to defend the stock?
 
thought it was funny how appl tumbled as soon as everyone said 'why would you want to short...'

apple went from that company that sold computers to selling accessories.... and accesories for accessories. sounds like the way of *cough*gateway*cough*... now even want to use intel chips.. why the sudden change in business plans. they used to consider themselves the high-class end of computers, expensive but a small hardcore fan base.... are they now exiting their proprietary nature? if so where's the advantage for apple.
 
I've also been eyeing AAPL. In my opinion a possible reversal in the next month is very possible. Need to see how much steam is left in this naz rally and then make some decisions.
 
Apple may pull back to 35 like it did before, but now its back up to 41. Dont forget the more ipods they sell the more songs they will sell. You need to buy the songs from apple, so evenually they will be music sale company. Also they are the only company to have simplified the online music purchase system, and to actually make it work.
 
There was a blurb a week or 2 ago about Apple using Intel chips. Apple was up over 5% while Intel I belive was just up about a percent point. I am curious as to what funds own this thing. The longer this thing doesn't come crashing down, the more likely this stock will soar year end as funds walk this thing up.
 
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