the problem is simple google and amazon made great tablets at cheap prices. i am more interested to see if this breaks down a lot more because those dicks on the cnbc trader show were saying apple at 520 was the best buy and you will never see that again. they were beating that drum i hope nobody else loses money but i don't like them.
AAPL: Buying the Dips!
- Thread starter cactiman
- Start date
Is the above answer (as well as other answers given) to the question below still valid?
"How sure are you about what you are writing? I thought that 700 was the top, and that fundamentals are not good. Any comments? "
Quote from cactiman:
AAPL testing the bottom of its current channel.
This article explains today's dip:
http://blogs.marketwatch.com/thetell/2012/12/04/apples-upside-may-hinge-on-new-products/tab/print/
Though the analyst still gives AAPL a price target of $780!
Gene Munster was back on CNBC reiterating his lofty price target for AAPL, although he did suggest it "could go back to the $500 level."
Analysts get paid to make price targets, which are very subjective. However, the charts indicate the move down from 705 to 505 was followed by a near 50% retracement, and close to the 200day moving average.
It could not break the 200, so the path of least resistance was lower. If AAPL breaks below $500, these analysts will simply lower their forward price targets, and still collect their paychecks.
The op mentioned the increased margin requirements, which probably caused more selling pressure.
i can't fucking believe this nutjob market, and in particular AAPL.
The market has held up decent this week in the face of various news and the children in Congress and the White House bickering like the little jerk-offs they are - and even NFLX piece of crap popped 11 yesterday [and i was +long by some twist of luck].
So why the F is AAPL getting creamed in December of all months????!! I can't find out why the H its getting slammed when other stocks are holding up, and the broad indexes - so far.
I am so glad I was around when we had real markets and you didn't have to wear a helmet, bullet-proof vest, catheter and diaper to trade the market for more than 36 hours. LOL. What a disgrace farce this market is with its computer driven trading, HFT and the hedge fund losers. Glad I left FT trading back in 2006 and was able to build my day job so I don't have to mess with this insanity and weekly manipulation.
But still hate to lose $ in the market for no fucking apparent reason other than a bunch of scum short selling hedge fund crappers! Luckily I always hedge AAPL so my loss pales in comparison to some suckers who got hustled by the hedge scum, other big players and/or related trading sheep.
Be curious to see if and when AAPL makes a new all-time high, if ever.
The market has held up decent this week in the face of various news and the children in Congress and the White House bickering like the little jerk-offs they are - and even NFLX piece of crap popped 11 yesterday [and i was +long by some twist of luck].
So why the F is AAPL getting creamed in December of all months????!! I can't find out why the H its getting slammed when other stocks are holding up, and the broad indexes - so far.
I am so glad I was around when we had real markets and you didn't have to wear a helmet, bullet-proof vest, catheter and diaper to trade the market for more than 36 hours. LOL. What a disgrace farce this market is with its computer driven trading, HFT and the hedge fund losers. Glad I left FT trading back in 2006 and was able to build my day job so I don't have to mess with this insanity and weekly manipulation.
But still hate to lose $ in the market for no fucking apparent reason other than a bunch of scum short selling hedge fund crappers! Luckily I always hedge AAPL so my loss pales in comparison to some suckers who got hustled by the hedge scum, other big players and/or related trading sheep.
Be curious to see if and when AAPL makes a new all-time high, if ever.
If AAPL gaps down again tomorrow, go long, since that'd be the 3rd straight gap down, and the previous 2 didn't fill.
Hell, if AAPL gaps up tomorrow, go short, since AAPL has now had 5 consecutive gap days without filling.
Hell, if AAPL gaps up tomorrow, go short, since AAPL has now had 5 consecutive gap days without filling.
I am short some AMZN via assignment of short 250c from last week [now a reverse conversion really] and can't get it to 247.50 but AAPL id crashing like the world is ending and no Holiday shopping this year.
I don't get this market.
So glad I got out a long time ago as it's a tough market to trade IMHO after 30 years.
Let's face it, a strong bull market raises all boats and you can supplement said market for brains, and still make a lot!
Bring back the 80s and late 90s.
I don't get this market.
So glad I got out a long time ago as it's a tough market to trade IMHO after 30 years.
Let's face it, a strong bull market raises all boats and you can supplement said market for brains, and still make a lot!
Bring back the 80s and late 90s.
An interesting quote from:
"Which Way Wednesday - Apple's Drag Too Much For Nasdaq To Overcome", at Seeking Alpha:
"Without AAPL, the Nasdaq is toast, as it's roughly 20% of that index - hence our failure to get back over 3,000 on the Nasdaq but, when a stock has that much control over an index - perhaps the simple answer is that it's just being manipulated by fund managers in order to manipulate the indices it's over-weight in.
That's why hedge fund managers like Paul Schatz of Heritage Capital can make outrageous calls like AAPL will be a $400-500 stock.
Why? Well, he's a bit vague on that - it seems to have something to do with the Fiscal Cliff and the broad economy and not much to do with the fact that they make $50 a share and have $170Bn in cash on the books and that $400-500 would be a ridiculously low value.
What does a guy like Shatz have to gain from pushing AAPL lower? Well - if the Nasdaq follows AAPL down, then there's a whole index full of stocks that get dragged down with it and offer up attractive buying opportunities - for no other reason than one stock in the index caused a lot of damage.
That allows fund managers to allocate capital to the Nasdaq, knowing that eventually either the index will de-couple from AAPL or that AAPL will recover to a more normal value and bring the entire index with it."
"Which Way Wednesday - Apple's Drag Too Much For Nasdaq To Overcome", at Seeking Alpha:
"Without AAPL, the Nasdaq is toast, as it's roughly 20% of that index - hence our failure to get back over 3,000 on the Nasdaq but, when a stock has that much control over an index - perhaps the simple answer is that it's just being manipulated by fund managers in order to manipulate the indices it's over-weight in.
That's why hedge fund managers like Paul Schatz of Heritage Capital can make outrageous calls like AAPL will be a $400-500 stock.
Why? Well, he's a bit vague on that - it seems to have something to do with the Fiscal Cliff and the broad economy and not much to do with the fact that they make $50 a share and have $170Bn in cash on the books and that $400-500 would be a ridiculously low value.
What does a guy like Shatz have to gain from pushing AAPL lower? Well - if the Nasdaq follows AAPL down, then there's a whole index full of stocks that get dragged down with it and offer up attractive buying opportunities - for no other reason than one stock in the index caused a lot of damage.
That allows fund managers to allocate capital to the Nasdaq, knowing that eventually either the index will de-couple from AAPL or that AAPL will recover to a more normal value and bring the entire index with it."