Is Apple Running Out of Steam? The Flash Crash was not wrong?

J

JesseJamesFinn

Is anyone buying Apple at these prices, I bought the March and Aprils today after when we fell off that cliff. I thought I got a great deal on the Feb 20, $110s at $5.00 on Weds Dec 31, guess I was wrong! I could have gotten them cheaper but that's this Game, right?

Did you buy any Apple today? I bought the REITs on Weds (VNO, BXP, SPG, GGP, DCT, EXR, SSS, PSA ect, you get the picture, the REITs were on sale on Weds and I wanted to buy them after their Ex-Dividend date.


Happy New Years!
 
We were at $97 before earnings and after earnings and the massive buyback we hit $119, now we keep testing $107 while $115 has no support. I agree totally with you MoneyTrust and I think the Buyback pushed it beyond it's true valuation. Thanks for your comments!
 
I don't know if you believe in price action but here's the reason for my take: Apple found support at the 50% retracement point of the mid October to Late November rally point. That's typical. What happens from here will decide the strength or weakness of Apple.
 
Falling would make them work harder and come up with better kit which would force others to do the same.

Apple bubble will burst sooner or later, I expect sooner, falling tablet sales and Mac sales, can't remember on Phone sales alot of die hard Iphone lovers didn't go 6.
 
Best strat ever : buy stocks near tops, you push them and create new highs!
Perpetual winning strategy! Pros know!
Apple @ USD106 is a discount ! Biotech too !!!!
Buy ! Just buy !
Free lunch, easy game, win win!

Personally my first target for Apple is USD80/90 ! But nowadays, everyone wins at any price !
No losers !
 
all I can say is, I got lucky! Not only with all the $105-$111 Calls I bought Monday through Weds, but on Popeyes chicken! From 50 contracts at $1.00 to almost $5.00 today. I emailed someone a detailed list of all Food Stock ideas I was buying on December 31 only to get his response.

"Why do you think of CLR, BBEP, CWEI, COP, CPE, GST, and all the Coal, Natural Gas and Oil stocks. This is why I told you in previous posts, why did I send him that email and why should I share my knowledge of 25 plus years to someone who won't even read my emails or take the time to respond to stocks in his field. He is a phara guy, I asked him about (ARNA, MRK, ARIA, ABBV, GILD, AMGN, HALO, ACHN, SCLN, LJPC, ISIS and a few others I bought only to get his response, (when are my oil stocks going up?"

Is there a logical reason people want you to spend time on their emails but are selfish, stingy with their time? Elite has some of the best writers with great knowledge, I never had that problem here on Elite, just outside where people want to put on a trade in the morning, go shopping and jump in the seat before the Close to spend their day trading cash! Elite Traders, your great!
 
JesseJamesFinn said:
all I can say is, I got lucky! Not only with all the $105-$111 Calls I bought Monday through Weds, but on Popeyes chicken! From 50 contracts at $1.00 to almost $5.00 today. I emailed someone a detailed list of all Food Stock ideas I was buying on December 31 only to get his response.

"Why do you think of CLR, BBEP, CWEI, COP, CPE, GST, and all the Coal, Natural Gas and Oil stocks. This is why I told you in previous posts, why did I send him that email and why should I share my knowledge of 25 plus years to someone who won't even read my emails or take the time to respond to stocks in his field. He is a phara guy, I asked him about (ARNA, MRK, ARIA, ABBV, GILD, AMGN, HALO, ACHN, SCLN, LJPC, ISIS and a few others I bought only to get his response, (when are my oil stocks going up?"

Is there a logical reason people want you to spend time on their emails but are selfish, stingy with their time? Elite has some of the best writers with great knowledge, I never had that problem here on Elite, just outside where people want to put on a trade in the morning, go shopping and jump in the seat before the Close to spend their day trading cash! Elite Traders, your great!
More...

JesseJames, 25 years of markets deserve respect.
Sorry that someone doesn't understand the simple principle "what you give you get".
But everyone here is not like that!

Concerning your calls, yesterday what a great move for Apple ! Nice !
But I might be wrong, it looks like a dead cat bounce.
If previous high at USD114.75 holds, this is still bear on a short-term basis.
From 104.6 to 112, you get a 76.4% retracement of the former correction.
Moreover, support is quite close @USD110.

IMO, @USD112, Apple is a good short, with a stop @USD113.2 (above the opening of Dec 31st). Wait and see...

Good luck with your trades!

Chris Mac
 
Thank you Chris, I am nervous about Apple because of it's weird movements and rumors some big Hedge Funds were behind the mini "Flash Crash" when Apple fell from $119.5 to $111.4, it moved so fast options got really distorted, the $112.00s were priced at $1.00 and $114 had value of $.80 and people who bought on the fear, they made doubles, triples and Quads on their cash.

I appreciate you thoughts about getting what you put in to this or not being stingy with others with advice and help", I am more than happy to share my knowledge, it's the problem of people not wanting to do any homework or research, their more than happy to bleed you while they play video games or chase girls or something besides research stocks. It's nice to have another perspective on Apple and a second set of eyes because Wall Street gurus are all filled with euphoria but we got to ask why are the follow stocks like these going up so fast?


AVGO, CY, FSL, (IPHI is on fire now!) the merged RfMD-TQNT, SWIR, SWKS are busting through the ceiling, Micron's earnings were great and INTC keep's bumping up margins, most analyts are euphoric about Apple like Carl Ichan is, I've seen crazy price targets of $150 to $200 but that's what happened with another sector that imploded.

Last Summer Schumberger, Haliburton and Baker Hughes were given incredible price targets, Schumber ($185 after the Analysts Day) HAL $85 after earnings and Baker Hughes $90 after beating number. CLR, CWEI, WLL all had massive price targets from euphoric analysts along with many other Oil and Natural Gas stocks. When they started to implode I went looking up the charts of all the Coal Stocks and found most had lost 60 to 100% of their value. Who would have thought giants like ANR $1.33 ($120 in 2008 and $69 in 2011) ACI $1.40 ($79 in 2008) BTU the giant ($80 and now $6.90) along with former companies James River and others gone BK. The rant is about where are we and were are we heading?


Lower Oil and gas prices is pushing stocks like Apple because people feel richer. The negative tone from professionals like Bill Gross (he's great picking bongs (Freudian Slip) Bonds but his predictions since 2008 have been off key. Gross has been negative along time with other professionals, when Warren Buffet started dumping his oil and gas holding with other professionals Wall Street Analysts were still predicting lofty stock prices. Who do we believe? Citibank has a boutique firm they used for Oil Trading and they wrote a huge thesis that Oil was going to head to $50, Goldman followed soon after making a $60 to $40 case. There's been lots of carnage on the Trading Floor and margin calls because people went long those $80, $70 and $60 January and Feb contracts even after the CEO of the biggest pipeline stock said "there so much oil, we have no where to put it!" One of my favorite Fracking Stocks was CLR until CEO John Hamm sold all our Futures Contracts when Oil was $75 saying "It can't go any lower and he said Oil would be above $90 soon!" WRONG! I was totally pissed off at John Hamm for being a unfaithful steward of company funds, Futures are price protection, not something to gamble with! I bought Puts (I can show you my posts about CLR when it was above $60 and how it was heading to $40 because of his unfaithful protection of our company) when his arrogance was announced on dow jone news, the stock feel over 15%. He sold our Futures Contracts Price Protection when oil hit $78 making a $798 Million Capital Gain, if he held that now CLR would not be at $34 and heading lower unless a major shift happens. If the greatest CEO of WTI production made such a colossal error, the little guys like us need to be super careful! I thought John Hamm was a genius until he sold those Futures Contracts, while BBEP, LINE and VNR kept them all!



That's what were dealing with my friend, there's lots of news we are all just trying to digest it and put trades on. If the consumer has lots of cash and 60% of electronic Xmas sales are Apple and the i-Watch is a bigger hit than we expected, let's ride this stock up. Let's make some bank on Apple no matter what direction she goes, Chris if consumers are paying $25+ less on each tank, it's our job to find out where they are spending it! Thank you again for the Pep talk, it was needed!
 
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Jesse,

Thank you for your reply, lot of contents!

I remembered last time I was really negative with Apple. At that time, I remembered, we were above USD700. And I said to myself. "Seems this is the top".
I was right... and wrong ! Sure Apple lost 45%, but I could not imagine that Apple after correction could make new all-time highs?!!!
Why? Because Tim Cook is not Steve Jobs (RIP)!!

As you explain, during last year, people feel richer... This is obviously right, in the US or in Asia !!!!!!
But in Europe, Russia and Latin America, people don't drink "champagne" thanks to lower oil prices! No iphone 6 too !

Anyway, Apple reached USD119.75, krached to USD111... New highs lower, new lows lower etc.

What could be the next direction?
Below USD110 then USD105 : leave the Titanic, Apple is rotten! Insiders know and just want to leave the ship, and you must leave it too !
Above USD115 : OK, let s be greedy, but not too long ! Sure this Apple -"i" -watch sucks, it is Tim Cook's touch! And when Apple will publish their earnings (january the 27th)... Some bad surprises to come ! You should leave the boat before !

Well this is my opinion, maybe Apple could make new new highs... But remember Halliburton last year ! New highs @USD74= swan song :(.
A trend follower must remember that what was "trendy" is quickly out of fashion!

Chris Mac
 
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