[quote author=“pethr”]I can’t believe I made the same mistake again. Selling AAPL is becoming increasingly bad bussines for me. This really reminds me of May when I missed all the rally from 104 to 127 (after selling 103 and rebuying 99.5) to take part only from 125 to 150 and then again from 137 to 144. Missing now more than 10 bucks in two days is kind of frustrating. I still believe this stock can’t sustain current levels ahead of earnings but it seems that I really don’t understand the intentions Mr. Market has with AAPL. I guess I should try to reenter with smaller position just to manage my anger. But buying over upper band can’t be a good thing.

If is ok, please look through your record and tell us YTD currently vs if held from first day of the year.

SNIPUS - Go away in May and come back before labor day works.  Sold in May between $100-$120, go on holiday, bought in mid Aug between $111-$120.  Now ride till Nov-Jan.  Surprise .

Edit: Replace $100 with $100-$120, and $115 with $111-$120.

[quote author=“pingdave”]So the little Penguin avatar is gone. Since I used to live in Austin, went with Austin Powers. LOL

If I have to be honest, I think the penguin avatar was more flattering

Actually, buying when a stock changes an old resistance into a new support is precisely the right point to enter according to TA.
That’s why we see so many buyers when 148.85 was broken.
So don’t worry, go in long now with as much as you can and enjoy the ride to 186

[quote author=“Mace”]

SNIPUS - Go away in May and come back before labor day works.  Sold in May between $100-$120, go on holiday, bought in mid Aug between $111-$120.  Now ride till Nov-Jan.  Surprise .

Edit: Replace $100 with $100-$120, and $115 with $111-$120.

Mace, you are the nimblest of traders

First trading day in May .... $99.47
Last trading day in May .....$118.40

First trading day after Labour day ....$136.76
First trading day before Labour day   $144.16

[quote author=“SNIPUS”][quote author=“Mace”]

SNIPUS - Go away in May and come back before labor day works.  Sold in May between $100-$120, go on holiday, bought in mid Aug between $111-$120.  Now ride till Nov-Jan.  Surprise .

Edit: Replace $100 with $100-$120, and $115 with $111-$120.

Mace, you are the nimblest of traders

First trading day in May .... $99.47
Last trading day in May .....$118.40

First trading day after Labour day ....$136.76
First trading day before Labour day   $144.16

Before Labor day doesn’t mean one day before .  Is month of Aug .  Do we go on holiday for three months so long?  Flexible don’t be too rigid in interpretation.  Sell in May and buy before Labor Day is very easy to implement - no need to be nimble.  Always a dump somewhere between Jul-Aug.

AAPl sagged off its PM high at the open.. I reckon that must be Quadra trying a short

$154 is important to hold to stop a short-term sell-off down to previous resistance. If it holds, then intrday upside resistance is around $157, but in reality, there is no overhead resistance now until the $175-180 area. Hell, Apple are selling out of iPhones in the US! Can anyone say “2M iPhones sold?” 

RIMM is back over $100.. unreal….

AAPL keeps being pinned under $155, oops under 154 now, trying to close the gap-up open. Nervous nellies wondering whether to take profits, cows underinvested, bears wondering if its safe to short again, and general market confusion at the performance of a stock that has hitherto waded through treacle to climb higher.

Anyone who wonders whether they should be in the stock really needs to go to an Apple Store, see the crowds, watch Macs being sold hand over fist, and witness reports of iPhones selling out. AAPL may be a $130B company, but you seen RIMM? That pig is apparently worth $55B - almost half of AAPL’s market cap - and all it does is sell Blackberries. Only in North America are they dominant, and yet somehow this company’s handset business is worth almost half of AAPL’s entire business.

AAPL is delivering better earnings growth than RIMM, and has just launched into the handset business. It is on-track to vastly outsell RIMM over the next year or two, with higher subscriber revenue sharing arrangements and better ASPs, higher margins. If you valued the iPhone business on the same metrics as you value RIMM, then AAPL is vastly, vastly undervalued given the iPhone’s growth potential (and track record to-date). Once you factor in Mac sales growth at 30-40% and iPod sales, retail outlets, etc, you can see why a) the Street is underestimating AAPL’s earnings by 50-60% for FY08/09, and why the company deserves to run up to $250 in 2008.

Edit: red now. Gap closed. 152.60. Some momo favourites are being sold like CROX, BIDU, GOOG, AMZN - and AAPL - off these highs.

[quote author=“Mace”]If is ok, please look through your record and tell us YTD currently vs if held from first day of the year.

My data are value adjusted (exchange rates come into play) “what if” percentage is not. I made about 42% this year versus 71% I could easily made in AAPL had I bought 90 with all money and hold until now. 42% is including other stocks I played, it’s probably fair to include it in the figure since the time I was out of APPL or not 100% in (I haven’t been 100% in since MW) provided me with opportunities to make money elsewhere (namely NTRI, ADBE, MRVL, DIS). I’m quite happy with my performance. Strange considering how much more I could have made if I didn’t spent all those hours in front of a screen. I think that control is crucial in my case but I guess I’m not experienced enough to make judgements and assumptions I sometimes make.

Edit: I now noticed that I used some strange calculations around MW and my 2007 performance so far is likely between 46-50% and AAPL is up about 83% ($154).

[quote author=“Mace”][quote author=“SNIPUS”][quote author=“Mace”]

SNIPUS - Go away in May and come back before labor day works.  Sold in May between $100-$120, go on holiday, bought in mid Aug between $111-$120.  Now ride till Nov-Jan.  Surprise .

Edit: Replace $100 with $100-$120, and $115 with $111-$120.

Mace, you are the nimblest of traders

First trading day in May .... $99.47
Last trading day in May .....$118.40

First trading day after Labour day ....$136.76
First trading day before Labour day   $144.16

Oh I see ... so it really means ‘‘Sell in May but don’t go way till labour day’’  come back sometime in the summer

[quote author=“Tommo_UK”]AAPl sagged off its PM high at the open.. I reckon that must be Quadra trying a short

I bought back this a.m. 

With markets green and 155 reached, I think we will see lots of green by the end of the day.

Being down for most of the morning with low volume is a little concerning.

We just took a big hit down to 152.09

This may be simple profit taking. 

So far I am not impressed.

[quote author=“omacvi”]We just took a big hit down to 152.09

This may be simple profit taking. 

So far I am not impressed.

Of course it triggered a buy for some APVJK options, which are now conveniently in the red. I may go out for coffee now.

[quote author=“omacvi”]I bought back this a.m. 

With markets green and 155 reached, I think we will see lots of green by the end of the day.

Being down for most of the morning with low volume is a little concerning.

Don’t get too close to the Kool-aide!  151.88 now!  err make that 151.30 and falling!

In contrast with it’s computers ands phones, Apple stock is behaving extremely counter-intuitive lately… I’d wish SJ would fix this bug with the release of Leopard which is now ready and on schedule I hear