Aapl

[volcanik]

Quote from day7793:

AAPL will rise upto 140 area and meet its 200 day moving average. Thats the biggest hurdle it has. The shorts will do everything to keep selling on small rallies, all the way up to 200 day line. It will be a heroic journey for the stock.

sounds like a movie

 

[Cocaine]

AAPL down pretty nice today, good timing with your bullish call there oh wise one

Quote from day7793:

AAPL will rise upto 140 area and meet its 200 day moving average. Thats the biggest hurdle it has. The shorts will do everything to keep selling on small rallies, all the way up to 200 day line. It will be a heroic journey for the stock.

 

[flyingiguana]

Quote from IzzyfoShizzy:

What the hell is going on with AAPL. I made a terrible move and bought it at $170. its under $120 now. I guess I'm just looking for advice on whether i should sell and lock in losses or wait for it to increase again.

I'm leaning towards waiting, just for the simple fact that Apple is a solid company with solid fundamentals and its stock price will eventually rise and reflect that once more.

i went bearish on apple in the 150s during mid jan. holding a growth stock that may have to slash prices to move product with a recession on a horizon is not good.

the question is what will their stock price be in 3 years. i would assume ipods will be in the mature part of its product cycle. iphone's could gain momentum. will pc sales drop? can macs keep gaining market share?

its possible the stock drops under 100 before it goes up, and very possible that 170 isn't seen within the next 3 years.

 

[ByLoSellHi]

I'm not saying this for shock value, but I honestly believe Apple is likely to return to year ago levels. There is just no catalyst moving it.

The iPhone is an unknown quantity right now, and I think common sense is telling the world it is likely to not be the catalyst that the iPod was.

There was very little of anything truly new or exciting at Macworld.

Unless the iPhone rapidly picks up a head of steam, I would not at all be the least bit surprised to see Apple break down below the 100 support level, and then it could be a fast drop to 80 from there.

 

[infolode]

Quote from ByLoSellHi:

I'm not saying this for shock value, but I honestly believe Apple is likely to return to year ago levels. There is just no catalyst moving it.

The iPhone is an unknown quantity right now, and I think common sense is telling the world it is likely to not be the catalyst that the iPod was.

There was very little of anything truly new or exciting at Macworld.

Unless the iPhone rapidly picks up a head of steam, I would not at all be the least bit surprised to see Apple break down below the 100 support level, and then it could be a fast drop to 80 from there.

AAPL is done for years, GOOG is next. Institutional liquidation.

 

[bat1]

everything AAPL has is old news i,e.... iphone,mac's
they have nothing going for them right now

there slim laptops are a joke to many problems
too.........


SELL!

in this market

tech is dead period!

 

[HolyGrail]

I have to disagree here from a technical side. Apple should see 136 before it makes any new low, and it will most likely make it to 140. You had to expect some profit taking after the move in had a couple of days ago.

 

[HolyGrail]

This is what I am talking about on a P&F chart. Normally when a stock beats a previous pivot point(coming off a series of lower lows and lower highs) it will at least test the next highest pivot which would be 136. This is what is known as a bearish signal reversed.

 

[infolode]

Quote from HolyGrail:

This is what I am talking about on a P&F chart. Normally when a stock beats a previous pivot point(coming off a series of lower lows and lower highs) it will at least test the next highest pivot which would be 136. This is what is known as a bearish signal reversed.

Hope you're right, it'll be a good short from there.

addendum: Interesting to see someone here using P&F charts, they're quite useful in cutting to the chase.

 

[HolyGrail]

It would be a better short obviously at 144 as it would be also coming off its downward trend line. Now if it can make it to 146 then you can be pretty sure it will see 162-164. I just love P&F charts. You really get to see an enormous amount of information on one chart and the true struggles between supply and demand.