AAPL: Buying the Dips!

Quote from Took2Summit:

im very unhappy with the reading comprehension levels on this site. for like the 6th time i dont have a short apple trade, i have a short apple thought. i have zero money on apple long or short.

i have stated many times, it just makes me feel better to be a part of our society when apple goes down.

and one more thing, i dont need to build my thesis at all, the market is doing that for me just fine :D
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Will you go long at 550?
 
Quote from cactiman:

Will you go long at 550?
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as much as i hate apple, and i mean i hate it. i dont let emotions get in the way of making money. and if apple hits 550 within the next couple of weeks i will absolutely open a long there
 
that being said, to me the market looks like its ready to implode in the next couple of days here. im no genius and i make money and i lose money. but the last 2 weeks is the exact setup i look for for a market to take some heat. which is why i went 100% on october the 18th!

if that happens i see apple hitting 550 very soon, in which case i wouldn't open a long until the free fall is over. we will see!
 
Quote from Took2Summit:

that being said, to me the market looks like its ready to implode in the next couple of days here. im no genius and i make money and i lose money. but the last 2 weeks is the exact setup i look for for a market to take some heat. which is why i went 100% on october the 18th!

if that happens i see apple hitting 550 very soon, in which case i wouldn't open a long until the free fall is over. we will see!
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Yet in your statement minutes ago you posted this.

"and if apple hits 550 within the next couple of weeks i will absolutely open a long there"

Make up your mind, will you or will you wait :)
 
Quote from Daring:

Yet in your statement minutes ago you posted this.

"and if apple hits 550 within the next couple of weeks i will absolutely open a long there"

Make up your mind, will you or will you wait :)
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i did make up my mind, if the market turns into last august and we get -500 and -600 pt dow days. im not going long anything until that nonsense is over. if apple traces to 550 some what calm and collectively like it has been, then i will go long!
 
Quote from Took2Summit:

i did make up my mind, if the market turns into last august and we get -500 and -600 pt dow days. im not going long anything until that nonsense is over. if apple traces to 550 some what calm and collectively like it has been, then i will go long!
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Understood and thank you for taking the time to clarify.
 
Quote from cactiman:

Still see it as an orderly pullback (now at -18.48%), and the long term uptrend remains in place.
Still think we'll have a post election/Xmas rally, and the funds will pile back into AAPL at bargain prices.

Call me any names you want, and I know all about "falling knives", etc.
Added to the long position in AAPL today at 581.80 + 574.96.
:)
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Every pullback to the 200 day moving average has been a killer buy since 2010. The price action today was quite troublesome for the longs, however if the market gets the "post election/Xmas rally" and AAPL trades above the 200 with conviction, then you may have added at the optimal point.
 
Quote from ScalperJoe:

Every pullback to the 200 day moving average has been a killer buy since 2010. The price action today was quite troublesome for the longs, however if the market gets the "post election/Xmas rally" and AAPL trades above the 200 with conviction, then you may have added at the optimal point.
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It all comes down to IFs I guess.
The pattern (Uptrend with Bull Flag buy points) has been established, and the higher probability is for it to continue.
Of course there are no guarantees...
:)
 

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Quote from Took2Summit:

Cactiman, how do you keep adding, how much do you keep adding (%?), will you ever be done adding?
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Assuming the AAPL uptrend continues, my latest bets are pretty safe I think.
On Friday I sold 580/575 Bull Put Spreads for credits of $2.52 (at 581.80) and $2.62 (at 574.96).
So if AAPL is at 580 or higher next April, I'll net 100.40% and 108.82% respectively on those trades.

I don't think I'll be adding any more to my AAPL position, which I've been building since September.
It's now 38.41% of my account, which is pretty large to say the least.

The spreads close in January, February, and April; with Strikes ranging from 700/695 down to 580/575.
It's all a matter of timing now.
If AAPL doesn't rally into the New Year there will be some losing trades I'll have to close out along the way.
We'll see how it goes....
:)
 
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