AAPL

S2007S said:
52 week lows are coming!!!
More...

It is not just 52-week low - the AAPL bounced twice from the $92 level. It is third time it dropped to this support and this is not very good thing. in February 2016 everybody were talking about "Double Bottom Theory" and the "bright future ahead". The Bulls do not look very enthusiastic to jump in - volume is lover then in August of 2015 and February 2016. We may see bounce but until I see 180 M shares traded per day I will not even consider that the AAPL reversing into a strong recovery.
 
viktor_k67 said:
It is not just 52-week low - the AAPL bounced twice from the $92 level. It is third time it dropped to this support and this is not very good thing. in February 2016 everybody were talking about "Double Bottom Theory" and the "bright future ahead". The Bulls do not look very enthusiastic to jump in - volume is lover then in August of 2015 and February 2016. We may see bounce but until I see 180 M shares traded per day I will not even consider that the AAPL reversing into a strong recovery.
More...

The last time big sell volume entered the stock was in the 4th quarter of 2012, around 3 billion shares a month.

It has actually bounced many times off the $92 level:

July 2014: 92.57
August 2015: 92
January 2016: 92.39
February 2016, 92.59
April 2016: 92.51 (lows thus far after the earnings miss)

The volume is not as climactic as the prior 2012 selloff with the market.

It has a rising 50 sma (weekly), and a flat 200 sma (monthly). Sure, these are lagging indicators, however they have greater weight on the larger time frames.

I think you're correct stating "we may see a bounce" and I'd also like to see volume picking up. The gap above is now the magnet, around $103. It has dropped 30% off the highs so technically it's a "bear market" for the stock.

$92 is key. I think it holds the level, however that's just my personal opinion.
 
Near close I exited sold Call spreads, put on Aug Put spreads. AAPL held lows for now and TA equals Aug 24, 2015. I will add more when AAPL hits 84.37 then do Dedit spreads, I do average down in options as well and yes well back tested.
 
Apple has been down 8 days in a row as of yesterday may 2nd....

The last time this happened was before the financial crisis and dot com bubble in July 1998!!!!!

And to think they talked about Apple being a trillion dollar company only a few short years ago....
 
S2007S said:
Apple has been down 8 days in a row as of yesterday may 2nd....

The last time this happened was before the financial crisis and dot com bubble in July 1998!!!!!

And to think they talked about Apple being a trillion dollar company only a few short years ago....
More...

Are you short? SPY is down pre-market...
 
S2007S said:
Apple has been down 8 days in a row as of yesterday may 2nd....

The last time this happened was before the financial crisis and dot com bubble in July 1998!!!!!

And to think they talked about Apple being a trillion dollar company only a few short years ago....
More...

Sold a ton of AAPL at the open @ 94.20
 
noddyboy said:
Are you short? SPY is down pre-market...
More...


I have a mix of long and short trades....

Energy shorts are helping out today keeping my portfolio steady ...bought more DRIP and DWTI last week...and own DUST and JDST for a possible drop in gold or a rise in the dollar for that matter
 
That's what every crook say while blowing up.
"It's the market that's wrong. Not me."
 

Attachments

  • image.jpeg
    image.jpeg
    112.7 KB · Views: 20
K-Pia said:
That's what every crook say while blowing up.
"It's the market that's wrong. Not me."
More...



Exactly


Blame the market as usual....typical of most CEOs ....

I wrote here a long time ago that no company stays on top forever. Every hot company always becomes cold....
 
You must log in or register to reply here.
Back
Top