it briefly broke R1 @ 148.22   if that happens again next stop is 150.95   and the real chance of getting there today may be the reason for all this buying

I hope so.  I have a sell order at 149.  I am not greedy, I just want my $2400 profit now or sometime today

And by the way that profit will go right back into aapl.

[quote author=“omacvi”]
I hope so.  I have a sell order at 149.  I am not greedy, I just want my $2400 profit now or sometime today

And by the way that profit will go right back into aapl.

If it goes right back, why sell ? Or are you buying an new iMac or a few iPhones?

[quote author=“Lion”]
it briefly broke R1 @ 148.22   if that happens again next stop is 150.95   and the real chance of getting there today may be the reason for all this buying

I have R1 @ 150,68
There was no resistance @ 148,22

[quote author=“mtjsTMO”][quote author=“omacvi”]
I hope so.  I have a sell order at 149.  I am not greedy, I just want my $2400 profit now or sometime today

And by the way that profit will go right back into aapl.

If it goes right back, why sell ? Or are you buying an new iMac or a few iPhones?

Well I chickened out panicked and sold at a small loss. 

It was all on margin and I do need to get to work.

That is OK I will do better some other day.

The market seems riven with indecision, doubt, and with fear just about trumping greed, for now. RIMM is down almost 3%. BRCM is up almost 3% (oops not any more.. 1.5% now). Bill Gross is saying “I’m not a buyer or a seller… everything’s just fine, stocks are fairly valued.”

That’s right after he sent markets into a tailspin a few days ago by saying there was going to be a 3-4% correction, which we got immediately courtesy of his remarks and CFC’s CEO saying housing was as “bad as in the days of the Great Depression.”

So. The DOW is down almost 5% from its high. The S&P500; has tanked. The Nas is a war zone. Yet earnings growth remains in double-digits with PE ratios in the 16 range (more common when earnings growth is in the mid-single digits). WTF is wrong with people?

Note: T is down another 1.5% (or almost) today and is crashing down through support. You’d think dividend-paying, estimates-beating T would be showing a bit more strength than this frankly.

There are too many people whipping trades out of there rear-ends right now and too many people trying to play them for idiots (very successfully, too). There’s no edge here. I’m not buying anything yet, but like a lot of traders, I am on the watch-out too. Does my lack of fear here say that we’re not done going down yet though?

[quote author=“Tommo_UK”]The market seems riven with indecision, doubt, and with fear just about trumping greed, for now. RIMM is down almost 3%. BRCM is up almost 3% (oops not any more.. 1.5% now). Bill Gross is saying “I’m not a buyer or a seller… everything’s just fine, stocks are fairly valued.”

That’s right after he sent markets into a tailspin a few days ago by saying there was going to be a 3-4% correction, which we got immediately courtesy of his remarks and CFC’s CEO saying housing was as “bad as in the days of the Great Depression.”

So. The DOW is down almost 5% from its high. The S&P500; has tanked. The Nas is a war zone. Yet earnings growth remains in double-digits with PE ratios in the 16 range (more common when earnings growth is in the mid-single digits). WTF is wrong with people?

Note: T is down another 1.5% (or almost) today and is crashing down through support. You’d think dividend-paying, estimates-beating T would be showing a bit more strength than this frankly.

There are too many people whipping trades out of there rear-ends right now and too many people trying to play them for idiots (very successfully, too). There’s no edge here. I’m not buying anything yet, but like a lot of traders, I am on the watch-out too. Does my lack of fear here say that we’re not done going down yet though?

I agree the markets are very nervous.  We might go back up, but I am afraid that we could see a further decline from yesterday, and this time aapl may not be so lucky.

Well with the VIX above 20 now - you’re one of the few without any fear left - so maybe we have bottomed!

But please let us know if you do capitulate - since that may be the buying opportunity of a lifetime!!   

Edit: Let me just add that if I ever become 100% bullish then you’d better start selling    

AAPL just fell off its short-term uptrend and could run down to $145 very quickly with the indices pulling back again.

Personally, FWIW, I think the “panic” selling is over, and what we’re seeing now is just whipsaw action by trading floors trying to make the most out of the fear and volatility, but with little genuine selling going on. But that could still see the DOW plunge another 300-400 points if these wizards totally take control of the markets to help their hedge fund buddies profit from their all-time record high short bets. This is a stinky bear raid. Its not another wave of fundamental fear-driven selling IMO. Of course, my total lack of fear here might just indicate that there is much fear-driven selling yet to come, as people like me capitulate lower

As for AAPL, if 145 doesn’t hold then I can see a drop to $142 in the cards in short order.

Below 142 its a short ride to 138-139.

For that to happen, I think genuine fear would have to first cause another market-wide rout of epic proportions though.I don’t think even these smelly old bears are rank enough to cause that just because a few bankers are in a tizz over some possibly-dodgy PE deals.

As far as I’m concerned, AAPL is the strongest stock in the market right now in an awesome display of investor confidence quite striking in its conviction and in stark contrast to the way the stock has been treated before.

Note: anyone else getting interested in GS, now at key support around the $190 area? I’m tempted to buy GOOG and GS here…

And steal some toilet paper while you’re in there. You’re going to need it.[when the s**t hits the fan]

.....Boys, boys, boys.  Come now.  (Insert finger wag emotcon.)

[quote author=“RedInAustin”]And steal some toilet paper while you’re in there. You’re going to need it.[when the s**t hits the fan]

.....Boys, boys, boys.  Come now.  (Insert finger wag emotcon.)

Lol! Very cute

I wonder when the bears will start rolling out the comparisons with “the Crash of ‘87” and “Black Monday” to try and scare the market down hard into the close, going into the weekend

[quote author=“Tommo_UK”][quote author=“RedInAustin”]And steal some toilet paper while you’re in there. You’re going to need it.[when the s**t hits the fan]

.....Boys, boys, boys.  Come now.  (Insert finger wag emotcon.)

Lol! Very cute

I want this finger wag emotcon.  How do I get one?

[quote author=“Tommo_UK”]

Note: anyone else getting interested in GS, now at key support around the $190 area? I’m tempted to buy GOOG and GS here…

Yes, I am interest in GS at these levels

[quote author=“oldmac”][quote author=“Tommo_UK”]
Note: anyone else getting interested in GS, now at key support around the $190 area? I’m tempted to buy GOOG and GS here…

Yes, I am interest in GS at these levels

OK I just bought GS at 191.22, with a stop at 188.

[quote author=“dmcnair”][quote author=“Tommo_UK”][quote author=“RedInAustin”]And steal some toilet paper while you’re in there. You’re going to need it.[when the s**t hits the fan]

.....Boys, boys, boys.  Come now.  (Insert finger wag emotcon.)

Lol! Very cute

I want this finger wag emotcon.  How do I get one?

Just bring up the contextual menu and copy the image.  If you want to use it in posts, you must host the image somewhere - or the admins here can add it (locally hosted of course) to the board’s list of emoticons.