AAPL: Buying the Dips!

Patterns on charts factor in all sentiments, fundamentals & technicals.
What has AAPL done every time it's fallen (on terrible sentiment) to its 40 wk MA for the last 3 years shown on this chart?
:cool:
 

Attachments

Apple has never had terrible sentiment since the iPhone came out, still doesn't now

However that is a nice looking chart :D I don't know anyone that uses the 40 wk but gl on your long. Will be interesting to watch the next couple months
 
Quote from Took2Summit:

Apple has never had terrible sentiment since the iPhone came out, still doesn't now

However that is a nice looking chart :D I don't know anyone that uses the 40 wk but gl on your long. Will be interesting to watch the next couple months
More...

OK. How about a 3 year daily chart, with a 200 MA?
:D
 

Attachments

Assuming fundamentals are at least 1/3 of the picture:

If AAPL had lots of debt, a PE of 75, and bad earnings estimates I might be worried.
But....

AAPL's current PE is 14.
It has no debt, it pays a dividend, and everybody loves their products.

Based on 2013 average earnings estimates of $50 per share:
If AAPL stays at 600 its PE will drop to 12.
If instead AAPL goes to 700, the PE will stay at 14.
If it goes to 800 its PE will rise to a mere 16.

Still a Bull.
And I haven't drunk Kool-Aid since I was a kid.... yuk!
:p
 
Quote from cactiman:

Assuming fundamentals are at least 1/3 of the picture:

If AAPL had lots of debt, a PE of 75, and bad earnings estimates I might be worried.
But....

AAPL's current PE is 14.
It has no debt, it pays a dividend, and everybody loves their products.

Based on 2013 average earnings estimates of $50 per share:
If AAPL stays at 600 its PE will drop to 12.
If instead AAPL goes to 700, the PE will stay at 14.
If it goes to 800 its PE will rise to a mere 16.

Still a Bull.
And I haven't drunk Kool-Aid since I was a kid.... yuk!
:p
More...

not to troll but just to keep constructive conversation flowing here.

apple already revised their q1 13 earnings from 15 down to 11, have you ever considered that the following quarters could have much of the same?

apple is one of many companies with strong balance sheets at the moment. yes their fundamentals looks good but so do cisco's who is trading at a forward PE of 9
 
Quote from Took2Summit:

not to troll but just to keep constructive conversation flowing here.

apple already revised their q1 13 earnings from 15 down to 11, have you ever considered that the following quarters could have much of the same?

apple is one of many companies with strong balance sheets at the moment. yes their fundamentals looks good but so do cisco's who is trading at a forward PE of 9
More...

Yes, earnings estimates could be wrong of course, and they frequently are.
This is all just probability guesswork and talking one's book.
Anything can happen in the future.

Uncertainty about the election and the "fiscal cliff" is causing things to stall right now.
But these things will be resolved before too long, which could be bullish.

But I'm more worried about the S&P's bull market.
If it rolls over into a bear market, AAPL and everything else will fall.
What do you see there?
 
well, i keep a journal on this site and on 10/18 i went from 100% long and on margin to 100% cash. that move was 40 points from the top (dow) and im still 100% cash.

I'm honestly not sure what to think of the market as a whole right now. I'm traditionally a perma bull, and I still am. However, I do think the market is due for a correction here and given my swing trading nature, I have no issue going cash for now and getting back in when the time is right.

attached is my moves so far this year. i was long from the beginning of the year until my first mark on the map that says cash.

cash indicates i went 100% cash, long indicates i went 100% long (margin as well)

I've also posted everything real time in my journal so you can dbl check me if you want :D
 

Attachments

Quote from Took2Summit:

well, i keep a journal on this site and on 10/18 i went from 100% long and on margin to 100% cash. that move was 40 points from the top (dow) and im still 100% cash.

I'm honestly not sure what to think of the market as a whole right now. I'm traditionally a perma bull, and I still am. However, I do think the market is due for a correction here and given my swing trading nature, I have no issue going cash for now and getting back in when the time is right.

attached is my moves so far this year. i was long from the beginning of the year until my first mark on the map that says cash.

cash indicates i went 100% cash, long indicates i went 100% long (margin as well)

I've also posted everything real time in my journal so you can dbl check me if you want :D
More...

Good timing. Well done.
You're not losing any money staying in cash, and probably sleeping a lot better than me too.

Besides AAPL, my other big long position is in Gold/Silver.
Looking for a nice move between now and April.
Would like to see the dollar start falling again to help out.
:)
 
Quote from Took2Summit:

well, i keep a journal on this site and on 10/18 i went from 100% long and on margin to 100% cash. that move was 40 points from the top (dow) and im still 100% cash.

I'm honestly not sure what to think of the market as a whole right now. I'm traditionally a perma bull, and I still am. However, I do think the market is due for a correction here and given my swing trading nature, I have no issue going cash for now and getting back in when the time is right.

attached is my moves so far this year. i was long from the beginning of the year until my first mark on the map that says cash.

cash indicates i went 100% cash, long indicates i went 100% long (margin as well)

I've also posted everything real time in my journal so you can dbl check me if you want :D
More...
nice timing summit is an apt name for you
 

Attachments

You must log in or register to reply here.
Back
Top