Buy some AAPL $450?

PaulVl · Jan 26, 2013

Quote from daniel33:

Or perhaps learn how to read price action and when it looks like it's finally ready to turn use a better portion of your capital with a fixed stop and no ambiguity.

Scaling in is evidence of lacking a good entry method.

perhaps obtuse conventional wisdom, but i agree?

do you know price action? where is it going from here?

daniel33 · Jan 26, 2013

Quote from PaulVl:

perhaps obtuse conventional wisdom, but i agree?

do you know price action? where is it going from here?

Until I see something solid for a reversal, lower and all rallies probably lower highs.

PaulVl · Jan 26, 2013

Quote from daniel33:

Until I see something solid for a reversal, lower and all rallies probably lower highs.

I agree, no reversal yet.

What would be considered solid for a reversal here in aapl?

simpletrade · Jan 26, 2013

The downside target of AAPL is 400.00. Don't pay anymore than that. If you take the high of 600.00 at the end of nov. early dec. then look at the recent lows dec 17- and around christmas at 500.00. subtract those numbers and get 100.00. Flip that 500.00 , go down 100.00 you get 400.00 downside target. I' m not saying that will be the start of an uptrend that will take time ,but you should get one heck of a bounce off the 400.00 mark. Don't pay more that 400.00 period!

millertrader · Jan 26, 2013

Some of us are either going to pad our accounts or
get a another job. Potential is high but as always so is the risk.
I say "SHORT " the sucker

WhiteOut56 · Jan 26, 2013

One thing I found interesting was the aapl has so much cash, that the stock is valued at $150 just based on their cash

rknas · Jan 27, 2013

Quote from PaulVl:

I agree, no reversal yet.

What would be considered solid for a reversal here in aapl?

You could look for the down trend line break and for a new up swing to be established indicating it is ready to start moving up.

http://imageshack.us/photo/my-images/404/aapl126.png/

GoldenMember · Jan 27, 2013

Quote from PaulVl:

I agree, no reversal yet.

What would be considered solid for a reversal here in aapl?

In true ET form, everyone will answer once the stock takes new highs. LOL

PaulVl · Jan 27, 2013

Quote from rknas:

You could look for the down trend line break and for a new up swing to be established indicating it is ready to start moving up.

http://imageshack.us/photo/my-images/404/aapl126.png/

True.

How can you tell the difference between a real and a fake reversal? ei. Nov 29 and Jan 2nd.

musicman · Jan 27, 2013

You technical guys amuse me. Like anyone really has a clue where the stock will base.
3 X cash at this level â still very profitable, cash generating machine fundamentals are as strong as they can be. They miss a little on the quarter and the once favorite is now a pariah among the dip anal cysts who were once saying the stock goes to $1000. Wall street is a big ole scam â you just need to know how to trade that scam .
I would be a buyer not a seller here. Call options still have a juicy premium â nice for option writes.
Just a guess but I think it will base this week and run back up over $450 and stay there.