AAPL below 200 dma for 1st time over 2

Quote from SCI new york:

I agree, not like I expect stocks to give handouts to traders or investors, but the opposite applies as well, a stock like apple shouldn't be trading so diseased considering they are pumping out $25+ billion a quarter. If the average price target is well over $400, it seems very odd that it had a near straight drop from 352 down to here with no substantial basis for it, according to the analysts even 350 is a ''bargain'' so why the current trading pace? Either every analyst is wrong or someone with real weight is just pushing the stock around because they can. Fundamentals point to a higher price but bias has been short for a while now holding it down very hard. Seems like short or long is jumping in front of a train.
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Well, the first thing you have to do is discard any statement by an "analyst." The next thing to do is consider 1) increasing competition, and 2) Steve Jobs is dying.

Apple is a great company but the upside is not infinite. Apple has had a great run. Perhaps it is time to unload. In the words of one of the Great entertainers of the twenty-first century, "pigs get slaughtered."
 
it bounced back a bit ..however, its been selling off on heavy volume. you cannot overlook that fact. thats one of the reasons i started this post.
NY HOOD
 
Quote from piezoe:

Well, the first thing you have to do is discard any statement by an "analyst." The next thing to do is consider 1) increasing competition, and 2) Steve Jobs is dying.

Apple is a great company but the upside is not infinite. Apple has had a great run. Perhaps it is time to unload. In the words of one of the Great entertainers of the twenty-first century, "pigs get slaughtered."
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I agree upside is not infinite, but as far as "competition" the same 'analysts' are the ones talking competition. Fact of the matter is that they have no competition. RIMM is dead, and the only reason why people mention android is to throw the headlines, but they sell all types of phones, apple sells 1. The android hype will come and go like the linkedIn IPO. Not to mention anyone bothering to come out with a tablet has no shot. As far as Jobs dying, we all are. And anyone who doesn't know his health isn't up to par and there's a chance he won't hang around for a while is delusional. But that won't mean Apple will stop producing iphones, ipads, macs or revenues. Still a 100 billion dollar a year company. And since they're such a secret cult, who even knows how much he actually comes up with at this point, Apple has teams that develop all their products, its not a one man show.

I think there is too much big money in apple's stock that can push it anyway it wants, up down or sideways and retail investors just can't compete with billions in institutional money. You have the investors that have owned it for years and will continue to do so, then theres institutions and traders. Fundamentals are out the window at this point since its such a pricey stock. Traded completely different under $100. And people can say what they want about stock splits not creating value, thats a load of shi!t, especially with a company like this. People wont touch it now for the simple fact that it's so pricey. Pair that with heavy options activity for hedging and a lot of pegging goes on because of institutions.
 
Quote from NY_HOOD:

AAPL is below the 200 dma for the first time in over 2 years. the volume has been heavy. makes you wonder about a leader like AAPL getting sold ; is this a harbinger for tech or the general markets?
to me its an ominous sign for tech at the very least.
NY HOOD
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Yet again ET arrives slooooowly and LATE. Its almost like someone had a strong dose of coffee and wakes up and announces it - and quickly the rest of the gang arrives - ditto for when a single wildebeest jumps in the water and then the rest of the gang follows.

A whole month earlier when the entire world was still asleep at the wheel the dead one fired a rocket up ET's ass .....

05-15-11 08:40 AM

If the trendline shown breaks on AAPL, take the Short Lucky. Give up that work you're doing on the engine, take a 2nd or 3rd M and go Short AAPL. But wait for my signal

We have 5 waves up shown on Daily, not shown is that there are 5 waves up on Monthly too. Disaster awaits. Macd trendline is foretelling?

Look at the Head & Shoulder at the top - not easy to spot but its there.
Also not easy to spot is the unmistakeable fact that there are 5 small waves down from the Feb 16 top.

More thought on this to follow .... this could be a very profitable Short ...... to be continued ....

Right now until further examination the instruction is

Do nothing until the trendline and 200 m.a. breaks on Daily


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05-16-11 06:45 AM

AAPL on 60-min.

Take the SHORT at or after market open if it continues below the green moving average (200) shown in chart. Then just ride with it.

On 60-min. chart the trendlines shown are indicating a wave subdivision taking place by virtue of increasing slope to the downside.

The dashed trendline is NOT an actual trendline as there is no real upwave yet, but it can be used by those who play with the milk and rent money for STOP setting.

The 200 m.a. is again a very good judge of whether the SHORT has staying power.


38.2% breaking, watch for action @ 50% and 61.8% and/or reversals.
Once past 88.2%, the SHORT ought to zip south fast.

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http://www.elitetrader.com/vb/showthread.php?s=&postid=3185065&highlight=AAPL#post3185065


http://www.elitetrader.com/vb/showthread.php?s=&postid=3185562&highlight=AAPL#post3185562
 
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