AAPL: Buying the Dips!
- Thread starter cactiman
- Start date
Wal-Mart slashes prices on iPhone and iPad
http://money.cnn.com/2012/12/14/tec...hone-ipad-sale/index.html?iid=HP_LN&hpt=hp_t3
http://money.cnn.com/2012/12/14/tec...hone-ipad-sale/index.html?iid=HP_LN&hpt=hp_t3
i still hope you don't lose money but you been saying this for 200 points at what point do you change your mind? i would not be surprised to see near 400 sooner or later that is not a pretty chart. i still can't believe the s&p is up so much with apple down. i would of never had the balls to short apple straight up even with my negative view on it. i will only say this is a really hard market to trade.
Quote from cactiman:
AAPL's 45 month Uptrend of Higher Highs and Higher Lows ended today.
I didn't think this would happen, but it did - for whatever reasons.
The May 18th Intraday Low of 517.58 and Closing Low of 525.71 were both decisively broken today on High Volume, with an Intraday Low of 505.58 and a Closing Low of 509.79.
I think it's a bit early to say AAPL's in a new Downtrend with a Lower High of 594.59.
A Consolidation/Trading Range between 500 and 700 seems most likely to me at this point.
Time will tell what Mr. Market decides to do.
Brokerboy,
I can't promote "Buying The Dips" anymore for AAPL because it's no longer in an Uptrend.
If anything, I'd say it's best to "Sell The Rallies" at this point.
Anyway, I started a new thread entitled "AAPL: The Death of an Uptrend" if you want to join in.
There are posters there taking the usual cheap shots at me, but that's to be expected in ET.
I don't care however, because I know I completed 27 AAPL trades this year and won on 24 of them - for a total Net Profit of $8179.00.
And that's better than a kick in the butt.
What the next 6 months will bring for AAPL is anybody's guess.
You think it could be a fall to 400, and I think it could be a 500-700 trading range.
But what does Mr. Market think?
It will be exciting to find out!
Stay tuned...
anyone buying those dips hahaha
How many were fooled yet again, always seems to be the case on wallstreet, remember everyone buying this at $700+ haha...all those $1000 price targets look so fucking pathetic now, I remember they said it was suppose to be the first trillion dollar company, really? Didnt they say the same thing about cisco back over a decade ago, what happened to them after that great prediction...The point Im trying to make is no matter how big a company is and how many people want their product no company stays on top forever, I think if you have a lot patience you can probably pick it up for under $250 a share sometime in the next 2-3 years, hey maybe even less than $100 at the rate those Imacs are selling.... just like the SPX why buy around 1500 when you can wait and buy it under 1000..
How many were fooled yet again, always seems to be the case on wallstreet, remember everyone buying this at $700+ haha...all those $1000 price targets look so fucking pathetic now, I remember they said it was suppose to be the first trillion dollar company, really? Didnt they say the same thing about cisco back over a decade ago, what happened to them after that great prediction...The point Im trying to make is no matter how big a company is and how many people want their product no company stays on top forever, I think if you have a lot patience you can probably pick it up for under $250 a share sometime in the next 2-3 years, hey maybe even less than $100 at the rate those Imacs are selling.... just like the SPX why buy around 1500 when you can wait and buy it under 1000..
Don't blame all on AAPL. TXN, ALTR, LLTC and many other companies had lackluster results. Market is overvalued and IMF said Europe is contracting. 2% paycut for everyone, inflation in food will take a toll on the economy. AAPL results was a sell signal for the general market.
A joke : RIMM is taking a chunk out of AAPL marketshare
A joke : RIMM is taking a chunk out of AAPL marketshare
I already said in this thread I think apple will settle around in the 250-300 area. I said this when apple was still 620. I still believe they will eventually settle in the 250-300 area.