AAPL: Buying the Dips!
- Thread starter cactiman
- Start date
its seems to hard to buy apple with the all the bad news in the economy. its a great buy if your right and if your wrong you get crushed. i hate this market because you really have to buy on faith. i can't do it i don't understand how people have amazing outlooks for next year and than economists point at the big comet heading right at us. i think if apple drops hard the stock market goes with it.
Quote from cactiman:
Maybe we'll both be right.
You'll make some $ this month, and I'll make some $ next year!
Time will tell.
The tone of the news changes all the time, from bad to good, from good to bad, etc.
Sometimes I think the media is probably in bed with Wall Street:
"Hey, can you print some bad news, we need a dip this month..."
All I go by is past behavior on the charts, and some of the fundamentals of the company. (i.e. no debt, PE of 15, great demand for products, etc.)
What was the news when AAPL went from 641.25 to 519.95 (-18.92%) earlier this year?
For AAPL to descend that much from the latest high would be a fall to 571.67.
Will that happen? Who knows.
It could also go sideways for quite a while like it did twice last year.
A 600- to 650+ channel for a month or two or three wouldn't surprise me at all.
I have a back-up plan for that scenario, and a back-up plan for a crash to 550- as well.
But so far I see nothing to worry about on the chart, as long as AAPL stays above 600.
Hopefully at that point the media will get another call:
"Hey, can you print some good news next week, we need a rally!"
I think retail is dumping the stock in size. You know retail was only in it because it kept going up and someone said it will go to 1000. When it sputtered at 700, they started dumping hoping they aren't the last one in.
I have an upside calendar on which will effectively be calls after expiry. I think I will keep them. Bias is to an upside move on earnings I think.
I have an upside calendar on which will effectively be calls after expiry. I think I will keep them. Bias is to an upside move on earnings I think.
the market can do whatever it wants but the economy looks really bad for next year. i think apple lost a little of its shine with the picking on the iphone lately. if you told me apple would be 900 by year end i would not be shocked either.
Quote from cactiman:
The tone of the news changes all the time, from bad to good, from good to bad, etc.
Sometimes I think the media is probably in bed with Wall Street:
"Hey, can you print some bad news, we need a dip this month..."
All I go by is past behavior on the charts, and some of the fundamentals of the company. (i.e. no debt, PE of 15, great demand for products, etc.)
What was the news when AAPL went from 641.25 to 519.95 (-18.92%) earlier this year?
For AAPL to descend that much from the latest high would be a fall to 571.67.
Will that happen? Who knows.
It could also go sideways for quite a while like it did twice last year.
A 600- to 650+ channel for a month or two or three wouldn't surprise me at all.
I have a back-up plan for that scenario, and a back-up plan for a crash to 550- as well.
But so far I see nothing to worry about on the chart, as long as AAPL stays above 600.
Hopefully at that point the media will get another call:
"Hey, can you print some good news next week, we need a rally!"
So far the weekly volume has been lower than during the April-May pullback (100M peak vs. 175M peak), but that could change if the funds start dumping big time.
This could all be a "Bear Trap" as well.
Earnings could produce a nice snapback rally, with a short covering panic!
So I guess we're right back to "The Market Can Do Anything..."
Everytime AAPL retraces people call a top.
Everytime, they have been wrong.
Will revisit this to see what the market did this time
If the market is going to reverse, everyone is going down, not just AAPL. but bad and good companies.
I would feel better shorting "dogs with fleas" than prodigies like AAPL.
Everytime, they have been wrong.
Will revisit this to see what the market did this time
If the market is going to reverse, everyone is going down, not just AAPL. but bad and good companies.
I would feel better shorting "dogs with fleas" than prodigies like AAPL.