I believe that either PPT or the funds are holding it up so they can slowly reduce their exposure in the next few weeks [without the price shock of course]. The fact and the matter is, they are no longer [less] invincible and will drop with the rest of the market.
AAPL: Buying the Dips!
- Thread starter cactiman
- Start date
Yea I was thinking a drop to $550-575 area tonight but it seemed as soon as it fell below $600 it was scooped right back up, like if anyone hoping to get shares got shares at $600. The only reason I could see being long is the upcoming holiday season, the only reason. I think you have a little patience though you will be able to buy it under $575!
Priceless entertainment.
NQ is, as I write this, down 1.25.
ES down 3.75, as in, MORE than the NQ.
Apparently, the concept of "priced in" just went whoosh over the heads of some of the posters here.
Sympathies to anyone who lost a bundle on acting on the initial reaction, and congrads to the options traders (you know who you are) who will make some coin tomorrow on the vol crush.
As for the rubes, well, don't change. Really. Not that you would anyway.
NQ is, as I write this, down 1.25.
ES down 3.75, as in, MORE than the NQ.
Apparently, the concept of "priced in" just went whoosh over the heads of some of the posters here.
Sympathies to anyone who lost a bundle on acting on the initial reaction, and congrads to the options traders (you know who you are) who will make some coin tomorrow on the vol crush.
As for the rubes, well, don't change. Really. Not that you would anyway.
option in this case is not suitable. either way you will lose. AAPL is in downtrend early stage. plus tomorrow GDP data.
I used low ball to buy, my limit order for AAPL at 531, way too low.
my NQ limit order at 2603 almost get filled. bought it at 2623.5. made a quick 20points gain.
faded the thrust down, is a good way to do. since AAPL already dropped 10% before earning, not likely drop even earning bad. I was expecting the thrust down, then quick pullback. so option is not a good way to take advantage of it since the quick drop is AH, if you bought call before earning quick drop, you bought too expensive. if you bought put before the earning, you can not get out in the drop, there is no AH option trading. when open, the market goes back, maybe more, your puts will be worthless, you are in money just at the earning release moment.
I used low ball to buy, my limit order for AAPL at 531, way too low.
my NQ limit order at 2603 almost get filled. bought it at 2623.5. made a quick 20points gain.
faded the thrust down, is a good way to do. since AAPL already dropped 10% before earning, not likely drop even earning bad. I was expecting the thrust down, then quick pullback. so option is not a good way to take advantage of it since the quick drop is AH, if you bought call before earning quick drop, you bought too expensive. if you bought put before the earning, you can not get out in the drop, there is no AH option trading. when open, the market goes back, maybe more, your puts will be worthless, you are in money just at the earning release moment.
A stock with huge cash, no debt, and a PE of 14-15 is not a short unless its business is about to fall off a cliff. AAPL is no longer the no-brainer huge long that it was since late 2008, but it's rank stupidity to try and short the stock when it is cheap, a good business, and in the midst of a correction. If you want to short something, short a shitty business that is going bust, or something that is absurdly overvalued.
+1
AAPL's -14.11% Pullback, from 705.07 to 605.55, is a Bull Flag Continuation Pattern - done on average, descending volume.
It's NOT a trend ending collapse!
It should be bought, not sold.
To end a 3.5 year Uptrend there should be HUGE RED CANDLES, on BIG VOLUME, as in the attached chart for CMG.
(See 3 year weekly chart of MNST for another example)
