You are welcome, and Up the Irons!
Is AAPL in trouble?
- Thread starter Iron.Maiden
- Start date
You are welcome, and Up the Irons!
Amazing, this is how I wish ET would be. Someone posts a trade idea and a seasoned trader expands upon it. Instead what I mostly see is Yodas after the fact. Your reads are surgical AD, thanks for the guidance. And yes, absolutely, up the irons!
This is why I stopped trading stocks, they just get pulled around by the over all sentiment, might aswell just trade the index.
Trying to look for something, which is doing okay on a Index down day, hoping for a good index day and it'll out perform again.
I was good at it, but it's a 18hour a day job!
Trying to look for something, which is doing okay on a Index down day, hoping for a good index day and it'll out perform again.
I was good at it, but it's a 18hour a day job!
This is why I stopped trading stocks, they just get pulled around by the over all sentiment, might aswell just trade the index.
Trying to look for something, which is doing okay on a Index down day, hoping for a good index day and it'll out perform again.
I was good at it, but it's a 18hour a day job!
There is a strong correlation but it's far from absolute.
Many equities have a much higher beta, bankruptcy or accounting fraud won't give a crap about what the overall market is doing, earnings can make them diverge substantially, indices tend to be much more mean reversive, etc etc.
This is why I stopped trading stocks, they just get pulled around by the over all sentiment, might aswell just trade the index.
Trying to look for something, which is doing okay on a Index down day, hoping for a good index day and it'll out perform again.
I was good at it, but it's a 18hour a day job!
AAPL has nothing to do with sentiment, it's a valuation trade. Anyone looking at fundamentals has to love this stock still. Which of course is why there are so many short calls for AAPL on Elite Trader, there are a lot of guys on here who think the main reason to short a stock is it went up in price.
Why these posters choose AAPL to short seems to be more psychological then anything. This charade has been going on for years, Hajimow said short it years ago, then it doubled.
We witnessed a technical move in AAPL, fundamentally, something I don't give a shit about, it's probably the strongest most solid company in the world, bar none.
I don't care that much about short term technicals, the long term technicals and recent fundamentals suggest AAPL will retest the $132 area in 2016 and probably break that high. Earnings will be the main determinant, with the additional flyer that they could raise their dividend at some point.
Traders here, if their time frame is short enough and price goal reasonable, could catch a temporary glitch in the long term trend ( I wouldn't want that trade but so be it ). However, my experiences on this site are that many posters are seeking a massive move down that defies fundamentals. For example, AAPL going to $30-$40 a share in short order has been floated on this site. Another double is more likely then that in my opinion.
Last edited:
I concur, new all times are coming, no question about it, and to make all time highs we need to hit your 132
I would not say that Apple is in trouble. It takes a good pace again and shows a quick growth today. I have no doubt about AAPL stock. The Earnings reports rarely upset, and on the contrary even exceed our expectations. If this week the numbers hesitate, then at the end of this year Apple expects a good growth. As for AAPL stock in 2016, the number of iPhones sales and the revenue will make you think bullish.