AAPL: Buying the Dips!

[brokerboy]

Quote from Daring:

Only gloom and doomers don't buy AAPL on major monthly retraces

i was not aware stocks or markets could not go down thank you for clearing that up. i always thought fools called people gloom and doomers for being prudent. :eek:

 

[Daring]

Quote from brokerboy:

i was not aware stocks or markets could not go down thank you for clearing that up. i always thought fools called people gloom and doomers for being prudent. :eek:

We will see how we look in 2013.

 

[cactiman]

Every single pullback/consolidation in AAPL since March 2009 has been a buying/averaging-down opportunity.
But will that reliable, 44 month, money making pattern finally be coming to an end?
Are things really so "different this time" compared to all the other retracements?
Is that difference more or less probable than the Trend just continuing?

 

[Spectre2007]

how many points would aapl contribute to the index price if aapl was 1000, for the SP500 and Dow Jones?

 

[cdcaveman]

remember aapl will sell off no matter how well it doing if macro winds are strong enough.. your playing both with such heavyweight

 

[cactiman]

Everything I'm reading says it's all about resolving the "Fiscal Cliff", and all the politicians want to do so fairly soon.
When that uncertainty is gone, we'll see if the big funds start buying again.
If they do, I'm sure an underpriced AAPL will be at the top of their lists.

 

[brokerboy]

Quote from cactiman:

Every single pullback/consolidation in AAPL since March 2009 has been a buying/averaging-down opportunity.
But will that reliable, 44 month, money making pattern finally be coming to an end?
Are things really so "different this time" compared to all the other retracements?
Is that difference more or less probable than the Trend just continuing?

44 months ago is when the stock market begin its run too.

Quote from cactiman:

Everything I'm reading says it's all about resolving the "Fiscal Cliff", and all the politicians want to do so fairly soon.
When that uncertainty is gone, we'll see if the big funds start buying again.
If they do, I'm sure an underpriced AAPL will be at the top of their lists.

http://www.npr.org/2012/08/12/158644951/taking-a-doomy-look-at-the-economy

Nouriel Roubini and many other major economist see bigger problems than the fiscal cliff.

 

[brokerboy]

Quote from Daring:

We will see how we look in 2013.

you don't get the point markets go up and down. your not a doom or gloomer for realizing that.

 

[Daring]

Quote from brokerboy:

you don't get the point markets go up and down. your not a doom or gloomer for realizing that.

I get it, and we aren't up, we are currently down on the near term trend timeframes.

The point we differ is that you think its a reversal and I think it's a retracement.

 

[ScalperJoe]

Quote from Spectre2007:

how many points would aapl contribute to the index price if aapl was 1000, for the SP500 and Dow Jones?

That's an interesting question. Currently it carries just under a 5% weight in the S&P, and is the largest constituent of the index. If aapl went to 1,000, my guess is the S&P goes back to the 2007 highs.

It's doubtful they would add aapl to the Dow Jones, given that it's a price weighted index.

Perhaps they would need to do a split like BIDU (10 for 1) before being added to the Dow, or else the daily swings in AAPL at 1,000 would make the Dow Jones quite comical in terms of a tracking index.